Property in Portugal has long been popular with British buyers, it has been noted – but at the moment, the country is the most popular place to buy for the "current wave" of investors.

According to overseas property expert Ray Withers: " Today’s buyers are favouring established markets closer to home because there is less risk associated with such purchases, especially in areas that are currently offering property at discounted or reduced prices."

Mr Withers said that the Algarve area of Portugal has always been popular with Brits and is also tempting those who may have previously considered buying property in Spain.

Commenting on the type of investor who might be interested in buying Portugal property, the sector commentator said that the purchases are mainly coming from older buyers who have the cash to buy a Portugal property outright.

According to Property Abroad, Portugal is the most popular place for British investors to buy as it is an established location for such purchases.

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