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Investors urged to enter Portuguese market

Foreign property buyers have been advised to enter the Portuguese market as soon as they can.

According to the Telegraph, the Silver Coast region is an "up and coming" location which offers attractions such as rising house prices and new developments.

However, property values in the area are currently about a third cheaper than those in the Portugal's main investment hotspot - the Algarve.

This means that people can by an investment property in Portugal for a relatively low price, and since prices are on the up, they could earn considerable capital gains later on.

Prospective buyers have been urged by the newspaper to buy early in order to take full advantage of the growth in the market, along with the bargain prices.

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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