By Ronan McMahon
Real Estate Trend Alert
Dotted along the coastline are superb luxury new resorts and stunning historic towns…the ancient port town of Lagos has more than 2,000 years of history, and was the starting point for Portugal’s famous sailors and explorers who would help map the world.
With 300 days of sunshine a year, stunning beaches, and world-class golf, Portugal’s Algarve attracts millions of tourists each year. It’s in the south of the country facing the Atlantic, although it boasts a Mediterranean climate.
A decade ago you’d struggle to convince most real estate investors to invest in Portugal, at least outside of the Algarve. There were many good reasons for this, among which were rent controls.
More than any country in Western Europe I’ve been drilling down into Portugal. Out of the last few years I’ve spent many months scouting here. Now I can reveal opportunities from all over the country…from beachfront bargains to historic homes…
It’s a pure income play and not without its pitfalls. But I’m here in Italy to figure it out. Hello from the city of Verona…
You’ll find wooden boardwalks for long strolls through the dunes and nature preserves. There are miles of cycle paths, popular for rollerblading too.
The best deals I bring to you have one thing in common: They sell fast. Members are quick to recognize the potential they offer and the gains to be made—and they’re just as quick to act. That was certainly the case when I opened the Residences at Playa Caracol yesterday.
I just recorded a phone call with my senior researcher Margaret Summerfield who’s just back from Playa Caracol… Listen now.
It’s been a few hours since the doors opened to our deal steps from the beach in Playa Caracol. The phones have not stopped ringing. The sales team has been flat to the mat trying to get back to every RETA member who called and couldn’t get through.
