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					PRLog.Org - Global Press Release Distribution

                                     New Flights to Boost Faro Property Market

       By Les Calvert
       Dated: Nov 10, 2008

       Now may be the time to add the Algarve to the list of destinations worthy of consideration for property
       investment as it has been revealed that Faro airport in the Algarve region of Portugal is set to receive
       flights from three more British airports.

       Low-cost airline Easyjet will run flights from Glasgow, Liverpool and the East Midlands airports, alongside
       the existing flights from Dublin, Stansted and Shannon.

        Liam Bailey, chief market analyst of upcoming overseas property portal Property Abroad, gave his views
       on how the new flights could affect the property market:

        "Obviously anything that boosts tourism in a region -- especially a top tourism destination like the Algarve
       -- is going to be good news for the property market, as we have seen so many times before. Increased
       tourism means increases in the usage of rental properties; this will put an almost instant increase on the
       value of Algarve properties in popular tourism areas -- especially Faro. "

        "But it is likely to have an even bigger impact on the Algarve property market," continued Bailey, "because
       of the amount of people that -- fed up with package holidays -- are currently arranging their own holiday
       accommodation, and taking advantage of budget flights. As this wave increases rental yields on Faro and
       Algarve property, as well as boosting the local economy, Algarve, and especially Faro property prices are
       set to see an above average rise of 10%-15% per year over the next 5-10 years."

       Surprisingly, Algarve property, especially in Faro, can still be purchased relatively cheaply, given that the
       Algarve is one of Europe's foremost holiday destinations.

        Property Abroad has almost 3000 properties in the Algarve from as little as £44,000. Les Calvert Property
       Abroad's director picked out his best property for those on a limited budget and his favourite property for
       those putting the ultimate in luxury before price.

        "For those making an investment or buying a holiday property on a tight budget, we currently have an
       absolutely gorgeous 1 bedroom apartment priced at £44,722, and not far from the airport in the Algarve's
       Faro. The 70sqm apartment has a balcony, comes with a fully equipped kitchen and is in a new building
       with an elevator. We also have another bargain apartment in Faro, and to roughly the same specs just a little
       bit more expensive at £44,891, because it has excellent ocean views."

        "For those with a little bit more to spend on their ultimate luxury property," Les continued. "We have an
       absolutely mind-blowing 3 bedroom villa in Faro's Tavira. The size of the balcony is almost as breathtaking
       as the ocean views stretching as far as the horizon, from where seems like almost directly below it. Such an
       incredible villa will set you back, £220,220, but given that similar properties are going for over £1million in
       more established parts of the Algarve, this property has real money making potential as the new flights give
       Faro's tourism a new lease of life."

        About Property Abroad

        Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas
       property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently

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has among the most extensive worldwide property listings on the net.

To find out more contact the team at:


Overseas property portal with more than 70,000 properties for sale direct from agents, developers and
private sellers across the world. Buyers guides, maps, country guides, articles and useful information on
buying a property abroad.

Category           Property Investment
Tags               property abroad, properties in the algarve, Algarve, Faro, overseas property portal, property listings
Email              Click to email author
Phone              0845 2000 467
Fax                01429 233296
Address            182 York Road
City/Town          Hartlepool
State/Province     County Durham
Zip                TS26 9EA
Country            United Kingdom

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