An expert has suggested that Portugal property could provide good growth margins in future and has even suggested it would be his destination of choice to purchase another home.

Research carried out by Reuters looked at where in the world people in the property industry would look to make an investment during the current economic downturn.

Mike Sales, head of property investments at Henderson Global Property, recommended making a move to buy Portugal property, suggesting the country has a lot to offer and could provide a cheap alternative to other parts of the world.

Mr Sales said that he is currently considering buying property in Portugal that is either "east or west of the Algarve", explaining that this could prove a useful investment over time.

"I am looking at a piece of land there with a couple of friends because it is a quarter of the price of the Algarve," he told the news agency.

Earlier this month, Digital Journal reported that falling prices of Spain property was beginning to lure bargain hunters back into the market.

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