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British buyers seek bargains in Portugal

The rising value of the euro against the pound has led to some British property buyers looking at Portugal, according to experts.

FC Exchange stated that the strength of the single European currency has made hotspots such as the south of France very expensive.

Therefore, many people are looking at other parts of the eurozone in order to find places where they can get more for their money.

Nick Fullerton, managing director of FC Exchange, said that Portugal is proving to be particularly popular, especially with lifestyle buyers.

He commented: "We are seeing a distinct shift in the number of people choosing Portugal rather than France."

Mr Fullerton added that is trend is highly apparent among those who are willing to pay more than £590,000 for a foreign property.

According to Country Life magazine, 38,000 Britons now live in Portugal on a permanent basis, while a further 11,000 own holiday homes.

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