Article by Frank Crowley
What is an average British investor looking for in an overseas property? The first thing that comes to mind is a good potential for regular income out of that property. Along with consistent income, an invest-able property should also serve as a second home to the 'tired' Brits who want a relaxed life - quite a distance from the crowd of big cities. And of course, affordability is another big consideration when it comes to investing in an overseas property. Undoubtedly, there are plenty of other factors influencing the decision of a British property investor, but these are the primary yardsticks for any kind of overseas property investment.
The property in the silver coast of Portugal straightaway comes to mind when we are talking of an invest-able overseas property. This is perhaps the only area that satisfies every criterion for a good property investment. You may not have heard too much about the place or the country. But rest assured! Silver Coast is a 'value for money' destination for every Brit investor.
Investment in the Silver Coast property, Portugal makes sense in more ways than one if you are looking to invest in a Portugal property. Here's a look at the prime indicators that'll surely convince you why you should invest in Silver Coast -
1. According to a PriceWaterhouseCoopers and A Place in the Sun report, Silver Coast of Portugal is ranked among top three regions that are most likely to give maximum return on investment during the next decade or so. 2. According to a report by the Strategic National Tourism Plan, the tourism receipts in Portugal will increase to 12 billion Euros by 2015 mainly driven by the surge in the popularity and growth of Silver Coast area.3. Silver Coast represents a vast unexplored region for tourism potential. The place has some magnificent beaches along with picturesque coastal landscape. The best part is that Silver Coast is not heavily populated and the beaches are generally uncrowded, which makes them unspoilt and an absolute pleasure to indulge in some relaxing aquatic activities. The net result is an inviting climate for tourists who are looking for some peaceful times away from the hectic city life most Brits are accustomed to. The influx of tourists translates into surging demand for holiday property, which in turn, ensures steady and handsome income while you are in your home country. The rental potential in the Silver Coast of Portugal is a sure turn on.4. There has been increased pressure on the housing sector, especially in the cities of Portugal, due to a big gulf between demand and supply. Resultantly, more and more people are looking for alternative destinations, like Silver Coast to get a decent home to live in. As a result, the recent years have seen rents multiplying two to three times. So, if you are looking for a consistent rental income, there is no better place than Silver Coast to put your money in.5. The British investors who are looking for a second-home investment destination can also look forward to investing their hard-earned pounds in alluring greens of Silver Coast. The place has unassuming charm that just never gets on your nerves. The relaxed rural backdrop amidst some of the breathtaking natural views offer a great chance for the Brits to lay their claim on the Silver Coast pie.6. The European Union (EU) plans to lend heavy aid in order to improve the Portuguese economy and infrastructure. As a result, there will be no dearth of money to further improve infrastructure and facilities in the Silver Coast region, which is already attracting tourists by the hordes primarily due to its rustic charm. Having said that, even in present times, Silver Coast boasts of some pretty good infrastructure, which includes good connectivity, modern education, decent transport, and other facilities required to live a relaxed and contented life. Consider this and your doubts about the place will be laid to rest. A new A8 motorway has cut journey time from Lisbon to the Silver Coast appreciably, thereby, connecting the picturesque towns of Caldas da Rainha and Turcifal, and the adjoining pretty villages, like Peniche.7. Silver Coast hosts several cultural events throughout the year for the connoisseurs of art, crafts, musicians, etc. the prominent ones include the Torres carnival, the Caldas da Rainha Ceramics and Fruit Fairs, the Bombarral Wine Festival, Peniches Festas da Nuestra Senhora da Boa Viagem, the Montejunto popular festival (Cadaval), and many others.
So, if you are looking for a low risk, established and safe investment environment, a Portugal property investment in Silver Coast is hard to beat.
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