Steady property values can be found in portugal

Investors considering buying property abroad might wish to consider a purchase in Portugal where values are relatively steady, it has been claimed.

According to Nick Barnes, a partner in residential research at real estate firm Knight Barnes, the overall value of real estate in the Iberian nations has risen by between three and four per cent annually for six years.

He told the New York Times that the country has never offered particularly high growth with regards to values.

This was attributed to the limited number of overseas investors buying property in Portugal and the "relative lack of wealth" in the country.

However, he commented: "It's slow, steady stuff, which is arguably more sustainable."

The expert claimed that buyers of property abroad in Portugal could expect to pay an average of €1,180 (£1,020) per sq m.

Mr Barnes explained that there has not been a major property boom in Portugal of the kind seen in Spain.

However, this has meant that the country's real estate market has been not experienced the huge bust that hit the sector in the neighbouring nation.

Portugal's stability was also highlighted recently by the Guardian, which cited figures from Global Property Guide indicating that in the Algarve there was only a decline in prices of 4.4 per cent in the year up to September 2008.

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Property Abroad group relaunches yet another satellite site

The Property Abroad Group have relaunched yet another one of their popular property satellite sites aimed at making the overseas property buyers search more specific to the areas of their choice.

The group who own hundreds of property related websites have embarked on a 3 year programme to redesign and relaunch many of their overseas property websites and have already made headway with the relaunch of sites like:

a property in bulgaria
a property in cyprus
a property in portugal
buying property in france
buying property in italy
buying a property in spain
buying property in turkey
investment property abroad
buying property abroad
sell my property

These come only 6 weeks after the group relaunched its flagship website www.property-abroad.com after 10 months of development and design work.

The group now also features a white-label product that allows other companies to feature the groups properties on their own website and it pays commissions on every lead generated. They also have a web services product for the more active development sites.

Our plans for 2009/10 is to relaunch the entire groups sites including its rental portfolio of property rental sites including the rent a villa abroad website which is undergoing a complete redevelopment.

For more details on the group visit their website property abroad.

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Property abroad buyers are doing their own research

More and more investors looking to buy property abroad are deciding to do their own research into potential destinations, an expert has claimed.

According to Liam Bailey, director at Write About Property, many purchased homes based on the words of other people, which led to a number experiencing problems.

However, he explained that investors are increasingly opting to research investments by themselves.

Indeed, property firm Primelocation.com recently reported that in March 2009, there was a rise of 14 per cent in the number of people searching for overseas properties compared with the same period the year before.

Property for sale in America was found to be a particularly popular search, accounting some 15 per cent of the property enquiries.

"[Investors] are looking at individual properties and individual regions on their own merits and trying to do as much research as possible," Mr Bailey commented.

He warned prospective buyers not to rely on currencies to influence their decisions because they are "all over the place" at the moment.

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