The changing euro exchange rate over the past year may mean a stay in property in Portugal is now more affordable in real terms than it has been in previous years.

According to tour operator Thomson Holidays, the current exchange rate means the total cost of a holiday in some eurozone destinations has dropped by as much as 35 per cent.

Portugal is one of the listed destinations, along with Greece and Spain as other EU member states where vacationers should focus their attention if they are looking for a budget break to the continent.

With the stronger pound, property in Portugal may itself be more affordable for many Britons than was the case 12 months ago.

Over the past year, sterling has strengthened its position against the euro, taking the exchange rate from less than €1.17 to the pound to more than €1.20, according to historical data from currency exchange specialist XE.

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