Innovative land & property investments
Portugal Property Investment News
Portugal attracts more visitors
People who own an investment property in Portugal may be able to look forward to collecting higher returns.
According to the country's tourist board, visitor numbers are likely to go up by 5.8 per cent in 2008, reports Euro Weekly News.
This means that demand for temporary lodgings in Portugal is likely to increase, particularly in the most popular tourist hotspots.
As a result, many owners of rental properties will be able to enjoy lower vacancy rates and high rental yields.
The optimistic outlook for the Portuguese holiday industry came after figures showed that it has already seen signs of growth during the year to date.
Specifically, the number of overnight bookings went up by 12.2 per cent to 4.8 million between January and March 2008.
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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