Portugal’s PM announces new airport

Portuguese Prime Minister Jose Socrates has announced plans for a new airport to open near Lisbon. The new airport will cost around 4.9 billion Euros to build and will be situated on the south side of the Tagus River, just under 12 miles from Lisbon.

The news means that the Silver and Blue Coast may be the perfect place for foreign property investors to search for new investments for the property portfolio – the extra transport links will mean increasing rental demand in the area, and this means that property prices will probably grow significantly.

With many buyers now priced out of the Algarve market and with building restrictions on the Algarve coastline, the Blue and Silver Coasts offer an attractive alternative for overseas property investors with plenty of good opportunities to be found.

The Silver Coast stretches from Lisbon to Fiqueira da Foz and is currently fairly unspoilt by the tourist trade and offers a traditional lifestyle amongst medieval villages, quiet beaches and beautiful lagoons. However, property development plans have already begun with a championship golf course already on the books – so getting in now before the rush will net the best return on investment.

The Blue Coast is the southern stretch of Portugal’s west coast. Again, there is currently little in the way of mass tourism and the area boasts stunning countryside with quiet beaches and small fishing villages. Again, property development is already starting with golf courses and new housing developments already planned so getting in early is key to maximise you return on investment.

If you are planning to buy a property in Portugal, read our free Portugal Property Buyer’s Guide here.

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  1. ray simpson | Mar 16, 2008 | Reply

    dear sir or madam
    could you tell me if there are plas to build an airport at villa nova poiares.
    kind regards ray simpson

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