Portugal favourite destination for Brits
Mortgage Solutions, 29 August 2006
By
Ben Marquand
Cape Verde and Portugal continue to top the list of destinations for Brits buying abroad, the latest survey from HiFX suggests.
Portugal is one of Britain’s oldest allies, and the UK’s soft spot for the country is still clearly evident today judging by this summer’s overseas property enquiries at HiFX, the currency specialist.
Mark Bodega, marketing director at HiFX, commented: “Along with countries like France and Spain, Portugal is in the first tier of popular destinations with British property investors. While it does not promise the huge returns in terms of capital growth that some of the emerging markets do, Portugal has a stable economy and strong rental sector due to the small army of Brits that holiday in the Algarve each year.”