Until recently, Portugal has been one of those sleeper European countries where rustic charm and pastoral living have gone relatively unnoticed. However, beginning in the 1960’s, the spotlight has been shining very brightly on Portugal, and in particular the southern parts of Portugal. An exploding tourism market has been met head on with a flurry of development to meet the vacationers needs, and a wave of expatriates looking to live the good life have also shifted their attention to Portugal.

There are many varied reasons for purchasing property in Portugal and the list of ten reasons as follows provide a number of clear concepts as to why becoming a property owner in Portugal can prove to be a smart move.

Climate: There’s no doubt that the climate in Portugal, and especially in the Algarve region, is a convincing factor in itself. With sunny days in abundance, the low humidity and fresh ocean breezes which are always temperate are a relief to Europeans who have faced a lifetime of rain, humidity and cold damp winters. Very rarely will the temperature drop below freezing, and in contrast rarely will it rise above 30 Celsius. This makes for very pleasant days regardless of the location in Portugal.

Tourist Industry: Because there is an enormous amount of tourism into the country, the need for developing land will increase perpetually. That opens the door for expanded forms of entertainment to accommodate the tourism. This means a lot of land is being developed for commercialization purposes as well. A solid piece of property can be chosen with the express intent of turning into a resort or golf course which, in turn, can drive up the profit on an investment significantly.

Portugal’s Economy: It is a fact that Portugal does not possess strong exporting prowess, but its tourism industry has definitely solidified the country’s economy. This has created a great deal of growth in businesses designed to support tourism. It is not complicated for European Union citizens to launch small business ventures in Portugal since the country is interested in expanded growth and has made the paperwork process less complex. Entrepreneurs interested in launching a business in the country will find it very welcome.

Simplicity of Portugal: Any individual looking to purchase property in Portugal for investment purposes, the process can be a straightforward and simple one. Those that live outside the country will discover the process of purchasing property is simple, basic, straightforward, and can be done in an extremely short period of time. The process has been designed in such a way that new growth is effectively encouraged. Since all real estate agents in Portugal must be licensed, the process moves along even quicker since ’scams’ are reduced. Again, the requirement for licensing makes it tough for less than desirable agents to prey on anyone.

Experiencing a better way of Life: Portugal has always maintained its rustic and pastoral way of life and people from all over the world find it appealing and impressive. Those in the UK enjoy it a great deal and that is why they are attracted to moving there in a great degree. The hectic days of dealing with corporate hustle and bustle can be a thing of the past and they can be replaced with a much better and less stressful life. Actually, you could consider it a better life.

European Union: Purchasing property in Portugal for a citizen of the EU is not only simplified, but they have the benefit of living in another country inside the EU. Therefore they will retain all rights and privileges associated with being a citizen of the European Union.

Living Costs: The cost of living in Portugal is similar to other countries in the European Union. But, inflation has remained low and the same can be said of the costs of non-imported goods along the lines of food and alcohol. In non-resort areas of the country, the cost of dining out is quite low along with as property prices. Many great deals can be procured for those looking to purchase property in Portugal and the individuals living on a pension will find that their budget can survive quite a bit.

Planning Laws: In the early ’70’s the trend was to quickly build a variety of high rise buildings to meet the growing demand by tourists. The downside was that these buildings were ugly and looked inharmonious with the pastoral and rustic villages and country-sides which give Portugal its charm. As a result, a new law was introduced in 1993 which put a halt to unplanned development high-density housing. Now a developer must meet with a variety of rules and regulations prior to construction and as a result development has been stabilized and is much less intrusive on the landscape. For the property buyer, this means that they’re not going to get an unattractive high rise going up on the lot next to their quaint village cottage.

Buying with a view to let: Rental properties located in high traffic areas such as the Algarve is extremely popular in the current market. When you procure such properties solely to rent it out, you may hit on a lucrative concept if you have selected the right area. With a great many management companies available, the property will be effectively maintained and the ability to draw in reliable rental income streams will be possible. Then there is the added benefit of maintaining inexpensive accommodations for your own vacation time.

Short Term returns of one’s Investment: There are areas of Portugal such as Lisbon that are undergoing major renovations. Property purchased in a market such as this can be quickly updated or renovated which will result in quick gains if the surrounding infrastructure has been targeted for being remodelled. Purchasers that are willing to put in the effort and monetary investment into a remodelled area such as this can see a solid and lucrative return on their investment.

As one can clearly see, there are a multitude of solid reasons for purchasing property in Portugal. Add to this the country’s desire to make the process as simple as possible and you can be faced with the question “Why not?” when asking if one should or shouldn’t purchase property in Portugal.

Looking to find the best deal on property in Portugal #1, then visit www.portugalproperty.com. For the best advise on buying Algarve property #2 feel free to contact a member of our sales team who will be happy to help.