AFTER LAST year’s widely covered ‘Top 20 of the World’, Channel 4’s programme A Place in the Sun narrowed the list to Europe and focused purely on capital gain. And, once more, Portugal, and especially the Algarve, was considered one of the most promising investment destinations.
This analysis comes from a formula for growth, based on houses that were under or over valued as well as the countries conjunction, return on investment and potential for lettings over the next 10 years. Since, Portugal predicts a 360 per cent return in 10 years, a 100,000 euro investment will be worth more than 460,000 euros by 2016.
For those who may have missed it, the Top 20, with projected growth over the next 10 years, are listed below:
1. Romania: 414 % return
2. Poland: 393 % return
3. Portugal: 360 % return
4. The Baltic States (Estonia, Latvia and Lithuania): 356 % return
5. Sweden: 352 % return
6. Belgium: 340 % return
7. Slovakia: 326 % return
8. Slovenia: 278 % return
9. Finland: 273 % return
10. Hungary: 269 % return
11. Luxembourg: 263 % return
12. Germany: 261 % return
13. Czech Republic: 260 % return
14. Ireland: 222 % return
15. Austria: 211 % return
16. Netherlands: 208 % return
17. France: 201 % return
18. Italy: 199 % return
19. Spain: 189 % return
20. Cyprus: 188 % return
Garvetur Properties, as real estate specialists for investment throughout the Algarve, believes that the next few years will reveal a boom in the property market, especially due to the increase of interest by Irish and UK investors.
For more information, contact Garvetur on 289 322 488 or e-mail [email protected]
