Overseas buyers of property in Portugal have traditionally favoured the Algarve in recent years. Investors are now looking for new potential and an area known as the Blue Coast, which covers the area south of Lisbon to the Algarve, fits the bill.
The reason behind the increasing demand for property on Portugal's Blue coast is the new Lisbon Airport, due to open in 2012, located south of Lisbon at Alcochete. Speculation is that the new airport will fuel property price rises in this area, where you can currently buy a dwelling for half the price of equivalent properties on the Algarve. The general expectation is that properties on Portugal's Blue Coast will match the price of those on the Algarve within four years.
The Blue Coast Atlantic coastline is the popular choice of the native Portuguese tourist, attracted by unspoilt beautiful beaches and a climate to match. You can buy a beachfront apartment in this region from 207,400 British Pounds at the Troia Resort, which is a new building development on the Troia Peninsula and only ten miles south of Lisbon. The International Realty Group is marketing the properties. - - Subscribe to our Property Feed
