Any rise in tourism could help drive demand for rental homes in Lagos, which in turn should appeal to buy-to-let investors looking to buy property in Portugal.
The latest RICS/Ci Portuguese Housing Market Survey shows that the lettings market in Portugal is benefitting from a weak sales market, with tenant demand growing.
Lettings expectations recorded a significant rise in December 2011 and remains firmly in positive territory. Rental expectations are generally most popular in the Algarve where lettings activity is among the highest nationwide.
As far as Lagos is concerned, tourists and holiday homeowners are attracted to its friendly locals, superb beaches, modern marina and eclectic nightlife. It has long been a very popular holiday destination, whether it is a fun packed family holiday, a golfing break with some buddies or just a relaxing, cultural break, the region has a long rental season.
With the opening of the A22 motorway, Lagos is only a 50 minute drive from Faro airport so more tourists are travelling further west for their holidays to the Algarve.
Property developments in Lagos are generally really popular and attract a lot of foreign buyers, particularly Brits.
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