Monday, October 19, 2009

Changing Market for Luxury Property in Portugal

Numbers show that the residential tourism market in Portugal is changing. Buyers from emerging markets are growing significantly and and the nunmber of foreing investors in the local luxury property real estate market may reach 70%.
Currently foreign investors are coming primarily from USA, France, Dubai and Spain. However there is an increasing interest from emerging economies such as Brazil, Angola and Eastern Europe, including Russia, who are seeing in Portugal their new second home, get-a-way destination.

1 comment:

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