A Fresh Start

The recent welcome announcement from the BBC that the UK is officially out of recession brings relief for everyone. As one of the last economies in the world to finally emerge from the gloom Britain can now start 2010 afresh.

Here at Prestige Portugal Property we have recently had a noticeable increase in client enquiries from the UK proving that the strengthening economy is already being widely felt.

So perhaps now is the time to start thinking about investments, and with the Silver Coast being tipped as a property hot spot you might find it is the perfect place to put your money.

Buying a property in beautiful locations such as Sao Martinho do Porto, Salir do Porto, Nazare or Obidos could not only bring you financial rewards but also the fun of holidays for many years to come.

Let’s forget the doom and gloom of 2009 and embrace the sunshine in 2010!



By Stephanie Johnson

No Recession in Portugal

According to the International Monetary Fund (IMF), there is no recession in Portugal. A country falls into recession when negative growth is reported for two consecutive. But with 0.3 percent growth in the economy between April and June, Portugal is not in recession. Analysts have been bamboozled after predicting negative growth for the second quarter. It is believed that public spending and exports have been the main reasons behind the growth. Especially in places like the Silver Coast, development continues, jobs are still available, the banks are still handing out mortgages and people continue to purchase villas and apartments.

In the midst of one of the worst financial crises since the great depression Portugal has remained solid, a great place to live and visit, and a safe place to invest.

In addition Portugal has replaced Spain and Greece as the most desired country for property and relocation.