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Investors attracted by Portugal tourism

Wednesday, September 03, 2008

Source: Jude Buttle

Overseas property investors are being attracted to Portugal due to the increase in its tourist levels, it has been revealed.

The World Trade Organisation statistics show a 10% rise in visitor numbers to Portugal last year and it's expected that the levels will increase even further in 2008, according to a report from Homes Worldwide.

Commenting on this, the managing director of property firm Owner Invest, Mark Bingham said: "Portugal has proved to be an extremely popular tourist destination in recent years. The increase in visitors has been pivotal in the growing demands on the Portuguese property market."

Recently, the Portuguese government highlighted the need to develop both national and international tourism and implemented a strategic plan to improve the country's infrastructure and service levels. is evidence of a successful plan, which is good news for the country's economy and subsequently should continue to encourage property investors to Portugal, especially in popular areas such as the Algarve, Lisbon and the Silver Coast.