PROPERTY NEWS - Algarve Home Finder

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Luz, lovely Luz

| 28/03/2013
Ask anybody in the real estate business and they will tell you that in any market there are particular hot spots, places people come back to time and time again, places that have become in their own way a trend beater, and in the Western Algarve, Praia da Luz is one such spot.
The Algarve Resident spoke to some of the region’s leading estate agents last week and the message is clear; there is renewed interest from buyers, and vendors who have their properties priced correctly are selling.
With Christmas fast approaching, thoughts and conversations turn to the year that was. So what really happened in the property market in 2012, and were things as gloomy as we are led to believe from the never-ending reporting of the ongoing financial crisis in the media?
There are currently more than 735,000 empty domestic properties all over Portugal. Overbuilding and the economic crisis intensified the situation, and several housing development projects, while totally finished and habitable, are still completely empty.
There are thousands of people who will still happily pay you for the opportunity to spend a week or more in your holiday property. And if your property delights them and exceeds their expectations, they’re very likely to tell others about it and even book again.
Beverywhere.com, the online property website, has linked up with the top and most popular European real estate portals, such as The Resident Group’s AlgarveHomeFinder.com, to guarantee vendors selling property in Portugal widespread international exposure reaching many more millions of potential buyers.

€370,000, ref. nº 408-RM: This immaculate three-bedroom bungalow villa is set within a quality estate of detached pool villas located in rural environs just outside Portimão, close to Morgado, Álamos, Alto and Penina Golf.
The older the property, the greater the likelihood that aspects of it are showing the signs of wear and tear.

Algarve-based real estate agent Infinito Real says that the surge in tourists over the summer is now having a positive effect on the Algarve property market with the number of bookings to view properties three times more than November last year and the number of clients booked to visit in December up ten-fold.
An amazing investment bargain, reduced from €750,000 to offers over €475,000.
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