Hi
I agree we must be accurate.
In the thread "what will be a property hotspot for 2008" on 26-10-2007, i said Portugal can be an interesting place to make investments because at this moment we have a crisis in the propertie market and the prices are very low. about yield i said it was very dificult to give a number.
However i think that in 1 or 2 years we will have a bullish for the folowing reasons:
_the portuguese economy is very small, does not need a huge investments to recover.
_projects like the new airport and TGV are going to start soom.
_E.U. funds will start coming again in 2008( most of them to center and north of Portugal)
_tourism sector is now making investments not only in seasides, but also in others regions like Dão Lafões and Douro.
Right now for investors that are selling they have to reduce prices or be a bit patients, but for investors that are buying the opportunity is good
Best regards
Luis
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