Portugal is "definitely one of the alternatives" to Spain when it comes to investing in property on the Iberian Peninsula, it has been stated.
Simon Walker, Sales director for overseas property investor portal Off Plan International made the comments, predicting that the kind of overdevelopment which has affected much of Spain is unlikely to recur in Portugal because it is a smaller country.
He advised that Portugal also offers a cheaper cost of living than its neighbour and those looking inland can find many bargains.
The average British investor tends to go to the coast, however, because this is where the holiday lettings market is at its strongest, he noted.
Portugal's institute for national statistics revealed last year that in the period from 2002 to 2007 the average house price in the country increased by 17 per cent, Shelter Offshore reported.
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