Property in Portugal is among the most popular in Europe, it has been revealed.
The Portuguese property market remains among the most popular in Europe with foreign buyers, it has been revealed.
Its Silver Coast and Algarve regions are attracting big numbers of buyers with many from the UK opting for a holiday home in the country.
Buyers seeking a stable housing market have found Portugal appealing as house prices there have only fallen by four per cent, while in the UK the drop has been considerably higher at 20 per cent.
And according to figures from Eurostat, the wider economy was not badly hit either, with gross domestic product 1.8 per cent larger in the first quarter of 2010 compared to the same period last year.
There are areas of the country that offer bargain property prices with developers offering huge discounts and incentive packages including free furniture packs as they bid to stimulate further market growth.
According to Jose Luis Borges das Neves, of the Beiraneves property agency, more buyers are looking to move away from the tourist centres of the country and are being drawn to quieter destinations.
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