Agree that Spain still has a lot to offer investors or lifestlye buyers,
It is obviously a buyers market right now & you can get some exceptional deals.
Speaking of it being cheaper in Spain than Portugal i disagree,
For instance-
Spain has -Puerto Banús,
Algarve has-Val do Lobo,Quinta do Largo
in every country you find the affluent spots (already developed)
Then the rising hot spots,
You can find very cheap property in both countries if you go to
the underdeveloped places.
The difference i think being the Portuguese governing body has always looked at Spain & learns by their mistakes & how to build on this,
No land grabs,
No illegal buildings to be knocked down,
Quality of build is to a higher standard,no extras for a garage or pool
infastructure is in place before any building permits are allocated & all insurances in case the developer goes bust.
New laws-no buildings above three floors 1Km from the beach,
no building 800meters from the beach.
We are receiving enquiries 3-4 times a week from ex-pats living in Spain who want to sell & relocate to the Algarve + Spanish naturals,
Portugal is rated 9th safest place in the World,
Thats why you don´t see security bars on the Villas & apartments here.
Voted best golf destination in Europe 9 years running,
Most blue flag awarded beaches,
As for deals on Villas 25 mins from the beach 160.000,00€ can get you
a 4 bedroom villa (220m2 construction area) plus a ruin to build 250m2,for a 4 bedroom villa with panoramic views over all the Algarve (plot ruin 700m2)
I think the secret is staying away from the touristic areas if you want to get a bargain or for investment you need to be able to rent it year round so more so you need to be near the center of a tourist trap town.
P.s i do go to Spain everyear Seirra Nevada above Malaga,(snowboarding)as its nearer than Serra da Estrella-5 hours from Albufeira.
Good luck to everyone investing in Spain or Portugal.
I am ex-londoner residing in the Algarve for 18 years,
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