Portuguese Property Market, still going strong

Despite the recent market conditions, property sales in Portugal seem to be bucking the trend. There are many reasons why people continue to buy property in Portugal.
Investors, mainly from Northern Europe, are still looking for a safe place to invest their money, away from the banks and into the traditional commodity, property. Portugal still offers great value, especially in the West coast areas and the central regions including the Alentejo. Prices are still relatively low and there still seems to be enough tenants for the properties.
Other investors are using the “credit crunch” to take advantage of the bargain properties in the Algarve. Developers haven´t over-developed in the same way that the Spanish and Turkish developers have, so the market is still strong enough to give an investor confidence, but the developers do seem to be offering great deals just to shift properties and to reduce their gearing with the banks.
Lifestyle buyers are able to pick up some great deals, especially in the Algarve, as owners in other countries have been forced to sell. The property market in Portugal offers sufficient variation in style, location and price to suit all tastes. The airports are well served from all over the world and flights from Northern Europe are frequent and cheap. The perfect recipe for lifestyle buyers.
To find a large selection of properties for sale in the Algarve, west coast, silver coast and the centre of Portugal, visit Algarveprop.com, THE property specialists for Portugal.

Sea View Apartments for sale in the Algarve

Looking for a beautiful seaview property in the Algarve? Below is a selection of apartments with sea views in the Algarve…for a wider range of apartments with sea views in the Algarve visit www.algarveprop.com

Burgau – €160,000
Apartment with Sea Views

This two bedroom, third floor apartment, has views looking over the fishermen’s village of Burgau towards the cliffs and out to sea. The property comprises of two bedrooms, family bathroom, lounge/dining room, and fully fitted kitchen.

Email here for further information ref: phs_LAG 0197A

Albufeira – €750,000
Apartment With Sea Views

Split-level penthouse located on a small beach near Albufeira. There are stunning sea views, 3 bedrooms, 2 bathrooms, office, large living room & open plan fitted kitchen. In the basement there is the garage and also some extra storage.

Email here for further information ref: 7Q_8109

Albufeira – €240,000
Apartment With Sea Views

Set amongst the traditional cobbled streets this two bedroom two bathroom apartment is in a perfect location in the centre of ‘Old Town’ Albufeira. The apartment benefits from a large balcony with great ocean views.

Email here for further information ref: phs_ ALB 1600A

 

Vale do Lobo – €667,000
Apartment With Sea Views

Set within Vale do Lobo II, this 2 bedroom apartment boasts views of the sea and is walking distance to the beach. It includes hard wood flooring, a fitted kitchen, double glazed, a lovely swimming pool, a lounge/dining area, 3 bedrooms & 2 bathrooms.

Email here for further information ref: map_ 823

Dunas Douradas – €1,100,000
Apartments With Sea Views

A front line south facing 2 bedroom apartment with magnificent sea views from all the terraces, bedrooms and lounge. The Beach Club is a private condominium, 24 hour reception/security, bar/restaurant, in & out door pools, gymn and supervised beach.

Email here for further information ref: gt_ dd11

Carvoeiro – €170,000
Apartments With Sea Views

An excellent one bedroom apartment built in 2007 in an elevated position within the centre of Carvoeiro. The apartment offers spacious rooms and has a large roof terrace that enjoys sea views. The development also has a communal swimming pool.

Email here for further information ref: luse_A1016C

Lagos – €475,000
Apartments With Sea Views

An exclusive development of 2 and 3 bedroom apartments situated by the breathtaking Meia Praia and close to the town and marina in Lagos. The apartments have a communal roof top swimming pool with extensive terraces and views over the bay.

Email here for further information ref: luse_A108

For a wider range or apartments with sea views in the Algarve visit www.algarveprop.com

Making a Regular Pension Transfer Overseas

Transferring your pension abroad need not cost you a fortune every month.

If you use your bank to make the pension transfer overseas, it´s likely that you will be much more than you need to in charges, commissions and the currency exchange rate.

As more and more people have chosen to retire overseas, the banking system is set to gain from this migration. However, whether you have a state pension or a private pension scheme, the taxation treatment of your money may be different depending on the arrangement that the UK tax office has with your new homeland. Relying on conversations with friends, who have already moved abroad, is useful. But, take great care to get the right information from the tax office.

If you are a UK resident and choose to retire in the United States, you will currently benefit from annual increases in your state pension. If you choose to retire to places like South Africa, New Zealand or Canada, your pension is likely to remain at the level that it was when you moved abroad.

Variations in tax law may mean that you may also have to pay more tax, or possibly pay tax in both Countries as the money originates in the UK and you are spending it abroad.

Before moving abroad, I suggest you have a word with a Tax specialist in Pensions. They could save you a great deal of money.

Currency Exchange.

Now that you have established what you are likely to receive from your pension while living overseas, it is worth discussing your plans with a currency broker. Currency Exchange dealers can save you a great deal of money when you are making regular monthly payments.

Rather than rely on the good nature of your originating bank to keep the costs down and to give you a great rate of exchange, why not go to a currency conversion specialist like fx-foreignexchange, who have a simple system for making these monthly transfers?

Because it´s simple, it´s cheap! You instruct your bank to transfer the monthly pension payment to fx-foreignexchange. At the end of the month, the presiding rate of exchange is applied to the pension amount and the money is converted into your destination currency. The money is then transferred to the bank account in your new home country without commission or transfer charges. Often, if fx-foreignexchange have a bank account in your destination country, there won´t be any receiving charges either.
It´s efficient and cost-effective.

To speak to someone about making a regular monthly payment abroad just call the UK, 0044 (0) 1480 458400

Currency Conversion – Trust Your Dealer

In these difficult times, you need all the help you can get just to keep hold of your hard earned money.

• You may be in business and have a need to regularly pay suppliers abroad.
• You may be an expatriate and have a need for a regular monthly payment to be transferred overseas.
• You may have decided to emigrate and have a need to move nearly all of your savings.
• You may have just decided to buy that, longed for, holiday home abroad and have a need to transfer your savings as a deposit.

Whatever your reason for moving money abroad and having to exchange the currency to another type, you need to choose your currency dealer wisely. This is mainly because there are usually seemingly small charges applied to the currency exchange deal AND some foreign exchange brokers will not give you the best rate available.

Yesterday, I even heard of 2 different banks who offered a client a rate of exchange that sounded competitive and confirmed that there would not be any charges by them for the transfer or at the receiving bank. In both cases, this was completely untrue! The clients dutifully told their managers to make the transfers. When they received their exchanged money, charges had been applied at both the sending and receiving banks in addition to a completely different rate of exchange being applied!

When each client visited their banks for an explanation, it was like the bank managers were reading from the same script. Both offered the lame excuse that they merely processed the exchange of currency. After that, the rate of exchange was applied by the dealing room whenever they got around to doing the deal. No explanation was offered to explain the charges.

If these people had used a professional currency exchange dealer, they would have had a contract with the rate of exchange on it and a full explanation of charges applied if there were any. They would have known exactly how much they would receive.

Why use a bank when you are protected by this form of contract? If you regularly make payments abroad, or need to make a one-off currency exchange try fx-foreignexchange.com. You will be dealing with professionals.

Global Currency Rates Today

• Global Currency Exchange Network, bring you daily currency exchange rates. For currency conversion, and money transfers, go to our website to create a free money transfer account
• GCEN have offices in Dubai for the UAE, Near London, Spain and Portugal

GLOBAL CURRENCY EXCHANGE Rates – aed,gbp,jpy,eur,cad,aud,usd,brl,pln

Get the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed, brl, pln, and more.

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