The information below, reasons to invest in Silver Coast property, is focused on the economic considerations, future investments and infrastructure in the Silver Coast region of Portugal.# A Pricewaterhouse Coopers and a Place in the Sun report put the Silver Coast Portugal within the top three countries most likely to make you the most money in the next 10 years.
# A report by the Strategic National Tourism Plan states that the tourism receipts will increase to 12 thousand million (12 billion) by 2015 and the report also concludes the Silver Coast will be one of the main growth areas.
# Portugal and especially the Silver Coast have strict planning regulations that will ensure the low density of new developments and keep the supply and demand levels balanced.
# Portugal is rapidly becoming centre stage for eco-investments within the Euro zone. And the Silver Coast is no exception with signs of renewable energy dotting the countryside.
Investments into solar panel farms, wind turbines, wave turbines and eco-villages are attracting blue chip corporations and high net worth investors into the area.
# According to Barclays bank the number of Irish and British citizens who plan to buy abroad will double in the next 5 years.
# Until 2013 the EU plan to fund €8.8 million per day to improve the Portuguese economy and infrastructure.
# Portugal can be seen as a low risk, established and safe investment environment.
# Portugal has a long established tourism market and you will find close to 100% occupancy in the summer months in the most popular tourist spots, including Nazare, Sao Martinho do Porto, Foz do Arelho and Obidos.
# Portugal, the UK and Ireland all adhere to the EU double taxation treaties allowing non-residential
Portuguese property owners to avoid double taxation including capital gains tax and rental income tax.
# The Portuguese banks encourage non-residents to take out a Portuguese mortgage and the process is relatively easy to obtain an 80% LTV interest only mortgage.
# Terminal 2 at Lisbon airport was opened for business this year 2008 to increase the volume of low cost airline traffic to the capital.
# A new TGV high speed rail link Lisbon to Madrid is planned for 2010 with completion by 2015. The TGV will reduce the journey from Lisbon to Madrid to 3 hours from currently 10 hours.
# Two new modern state of the art shopping centres are to be built in Caldas da Rainha. One to be finished in spring 2008 and the other in spring 2009. One of these projects will be built be the Sonae Group.
www.sonae.pt. They will consist of shops, supermarkets, cinemas and restaurants.
# A Jurassic Theme Park is to be built in the town Lourinha with the construction to start in 2010 with the intention to attract more than 250,000 visitors a year.
# Finally and most importantly 4 new 18 hole championship golf courses are currently under construction in the council's of Obidos and Caldas da Rainha. They are Royal Obidos, Falaesia del Rei, Rainha Golf and Bom Successo. All of these golf courses will include luxury villas and apartments plus 5 start hotels thus making the Silver coast area of Portugal a dominant force in the world of golf tourism.
This post has been edited by DarkSeer: Mar 5 2008, 03:33 AM
