This week, the Algarve Tourist Board announced their priorities for the coming year and agreed upon a budget of €6.5 million which will allow them to up their game when it comes to attracting the tourist pound.
Article written by The Overseas Guides Company
Head of the tourist board, Desidério Silva, stated that the majority of the money will be put in to promoting direct air routes in to the region by working in conjunction with airlines and travel companies. These aims which will hopefully see an increase in cheap flights to the region, will no doubt cause stirrings of excitement with expats whose families and friends will find it easier to find low cost flights and make it easier, and cheaper, to visit.
In addition, this development spells good things for those who own rental property in the Algarve. With more attention on promotion and easier travel options available, demand for rental property is set to increase.
Priority countries in which to promote the region include Spain, Poland and the emerging markets of Scandinavia and Canada as well as the more “traditional” markets of the UK and Holland.
The tourist board has also announced that they wish to do more to boost off-season tourism.
With this in mind, the Portugal Buying Guide took a look at the type of rental investments available in the region and we found a range of modern townhouses in the popular Algarve resort of Albufeira on the market for just €135,000. Set in manicured gardens, minutes from the beach and the resorts abundance of facilities, these fully-equipped properties would be savvy investments guaranteeing good rental return.
For details of property for sale in Portugal, visit the Portuguese listings on Rightmove Overseas. One way to save money when buying property in Portugal or living there is to use a currency specialist when transferring your pounds into euros. For more information on this, visit the Currency Zone.
To understand the full step-by-step process to buying a property in Portugal, collect The Overseas Guides Company’s ‘Portugal Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc