Hartlepool, United Kingdom (PressExposure) May 08, 2009 -- Azure Overseas recently forecast a revival in the Silver Coast property market, as Sterling continues to strengthen against the Euro. This is a sentiment echoed by overseas property portal Property Abroad.com, only the portal goes further to suggest that other parts of Portugal will also be massively boosted.
"We concur with Azure Overseas' assessment of the Silver Coast property market, and how it will be boosted by Sterling finding its feet and beginning to climb again. But we also foresee a major boost to other areas of Portugal," said director Les Calvert.
Portugal is likely to become a close alternative to Spain: they have a similar climate, both have an established tourism infrastructure and a high prevalence of English speaking vendors. What's more Portugal's prices are still relatively low for the safety of buying in an EU country.
"British buyers, who fuelled the Spanish market for so long, are beginning to look at alternatives. Being the country next door, Portugal shares many attributes with Spain, while having many unique qualities of its own," explained Les.
Les went on to give an indication of which areas were likely to be particularly boosted by Sterling's growth spurt:
"Porto will become extremely popular in the next few months, because it is one of Portugal's better known cities, capital's very rarely fail, especially affordable capitals like Lisbon, and the small villages along the coast are going to attract the lifestyle buyers," he said.
Property Abroad.com is currently advertising hundreds of properties for Sale in Portugal; everything from a 1 bedroom bungalow on the coast at Azores for Â£27,333, to a 16 bedroom 18th century mansion for over Â£5million.