Press Release Summary: Portugal may be seen by some as the poor relation of the Iberian Peninsula, smaller than Spain, with less glamour attached to Lisbon and Oporto than Madrid and Barcelona. Yet the country has the Algarve and Madeira, wine growing regions and a distinctive culture.
Press Release Body: Portugal may be seen by some as the poor relation of the Iberian Peninsula, smaller than Spain, with less glamour attached to Lisbon and Oporto than Madrid and Barcelona. Yet the country has the Algarve and Madeira, wine growing regions and a distinctive culture. If it has less vernacular appeal than the Costas and islands such as Ibiza, some might regard that as no bad thing.
For all that, any distinctions and contrasts between the two countries are now due to be deliberately blurred, while their common characteristics and collective variety will be emphasised. This has come about because of a new initiative by the tourist offices of both countries, which have launched a joint marketing effort to promote the Iberian Peninsula as a whole, traveldailynews.com reports.
Launching the initiative, Portuguese tourism chief Eduardo Souto Moura refreed to the region as\" two unique places that together tell a story \", while his Spanish counterpart Javier Pinanes said: \"The Iberian Peninsula offers two distinct yet culturally-rich travel destinations in one.\"
If this initiative is as successful as the tourism authorities hope it will be, the prospects for further enhancement of the leisure and tourism sectors in both countries will be good. In such circumstances, buy-to-let investors looking to serve this market may wish to see where the best deals are in Portugal.
Madeira, that island in the sun, is certainly one place that is already popular with tourists and investors from the UK, noted Homes Worldwide. The website has also stated that the island has now started to be served by budget airlines, a key element in raising tourist numbers.
Notably, it adds, investors are starting to pick and choose where they are acquiring portugal property. With the increasingly crowded capital city of Funchal being forsaken for more rural areas, investors may want to look for the sort of Portugal holiday property which might appeal to those not looking for proximity to nightlife and other urban attractions. That said, the island is small, so nothing is too far away.
The Algarve, another well established region, has its own appeal, with fine beaches and extensive tourist facilities. The International Property Awards, held in London last month, bestowed various honours on properties in the region, portugalresident.com reported.
Among these were the Parque da Floresta Golf & Leisure Resort, which was voted the best four-star development in Portugal, Joia do Mar in Colina Azul, which won best property and best apartment, plus Pine Cliffs Residence at Pine Cliffs Resort, which won the best five-star property. Investors in this region may thus rest assured that buy-to-let properties will be sited in areas with some of the best facilities around, thus sustaining the attractiveness of the area.
With bargain hunters able to pick up some cheaper properties in the less developed, but rising areas of the Silver Coast, Portugal thus offers a range of different prospects for investors, which can enable them to build up a portfolio to suit different tastes. For those with property in both Portugal and Spain, they can even rely on one single tourist plan to sell the attractions of both countries for them.
2022
