Portugal more affordable for Britons

A survey by money exchange firm Currency Index has revealed that property in Portugal has become more affordable for British buyers.

According to the research, a combination of factors have contributed to making Portugal a less expensive country to invest in for Britons looking to the Portuguese property market, including the general prices, mortgage costs and increasingly favourable exchange rates.

A spokesman for Currency Index said: “With property prices and mortgage repayments now significantly lower than in 2008 in many of the UK’s favourite foreign holiday home destinations, we are seeing a renewed demand for currency exchange.”