Golf resorts in Portugal are set to become increasingly popular with property investors if the country succeeds in its bid to host the Ryder Cup in 2018, it is claimed.
Portugal’s Algarve has always attracted a high number of real estate buyers with an interest in golf. Now it is one of six nations – the others are France, Germany, Holland, Spain and Sweden – to bid to host the prestigious bi-annual golf tournament between Europe and the United States.
Indeed it has hosted an impressive number of tournaments this year alone, some 700, including 59 European Tour events, 10 European Challenge Tours and 10 European Senior tours.
As the worldwide property slump continues to worsen in many areas of the globe there is a feeling that the ever popular Algarve area of Portugal may well have found a unique way to beat the blues. Despite many projects being cancelled around the world the investment and interest in the Algarve area is still relatively high and prices, although they have fallen over the last 12 months, are holding up better the vast majority of international property markets.
