Quote:
Originally Posted by Oliveira Trindade
Portugal it’s one of the Top European destinations to make money, according to Channel 4's Amanda Lamb and the programme "20 Best Places to make money".
Beaten only by the high risk Polish and Romanian markets, Portugal investment potential offers excellent returns and the opportunity to safely enjoy your investment year after year.
Foreign property expert Amanda Lamb referred to Portugal as:
- Earth shattering investment performance
- Leaves other mediterranean markets so far behind, yet
- Properties are not over priced
In all, a Top Investment Propsect: £ 100,000 invested now could be worth £ 460,000 in 10 years ... |
I assume you are referring to
A Place in the Sun - 20 best places to make money from Channel4.com/4Homes which discusses "a forecast rise for 2006" meaning that it was released either very early 2006 or late 2005?
I believe in Portugal too, but you have to buy in the right place and the right product. A pitch based on the opinions of a tv show host which are two years out of date is hardly an incentive to buy. If we are to convince the market and ourselves that Portugal is the place to invest in, we need to come up with real reasons which are proven and verifiable.
I've invested in Portugal myself, bought (in 1997) and sold it years later and helped with the purchase of another in 2002. The one from 2002 is in the centre of Lisbon, is still for sale and the asking price has now dropped to the same the person bought it for 6 years ago.
360% return does not seem very likely from 2007 to 2017. At least not based on the reasons mentioned in this thread which all seem to be based on Ms Lambs expertise.
Additionally, Ms Lamb also states that investors can expect as high as 200% Roi from investing in a property on the Costa del Sol. While I live here and enjoy the location and area immensely, if I bought, it would be because of the lifestyle and with more a much more modest approach to what my capital gains could be than expecting prices to go up 200%.
TV property shows - Reliable source of real estate market analysis or light Entertainment?