I was over there last week and prices seem to be very similar to when I did the deal and got it three years ago. There was never the massive bubble in Portugal that there was in Spain.
And yes it does give a good return at the moment.
If the currency really weakens that will provide a great opportunity to pay off the mortgage on it.
If the Euro Splits.......
-
CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
Hi Frank, the bubble in Portugal isn't as strong as in Spain (700k closed brand new homes!) but I think it exists, if you consider that the minimum wage is €450 and you can't get a three room apartment for that price.Maybe the same is true in Portugal
@Lagos, if you come here in the summer please let me know and maybe we can grab a beer? I always take two weaks off in the summer near Lagos
-
CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
We won't be going anywhere, that's for sure! You might know that we have the oldest stable borders in the world, so I can't think of another country that can give you a better guarantee of 'staying around' 