Cheap Portugal Apartments near the beach
Cheap Portugal apartments near the beach
this is the type of property most people would like to buy, but
in reality difficult to find. You have the best chance to find
cheap Portugal apartments and maybe even a cheap Portugal
apartment near the beach if you are looking through the
advertising sections of local Portuguese newspapers and find a
buyer who likes to sell his or her apartment direct and not
through an Agent. This will save you on average already some 5%
on the selling price. You can find more information on how you
can buy from the owners directly at www.sellandbuydirect.com
If you go down this road, and buy a property without an agent
involved, it is important that you only deal through a
solicitor, who can handle all the legal aspects of the sale, and
who will act on your behalf, negotiate the price and takes all
the arrangements of completion, deposit payments, searches etc.
In short, the solicitor will make sure that you buy a property
with total safety in mind. By eliminating the sales commission
you have already gained a substantial sum of money.
Property prices, like anywhere else depend on a variety of
factors. Portugal and the Algarve region are no exceptions. As
we all know, a major factor influencing price is the location of
the property.
The question why so few cheap Portugal apartments near the beach
are offered for sale, despite the fact that there are increasing
numbers of new developments bringing new properties on the
market, many in locations close to the beach, is not too
difficult to answer.
Owners lucky enough to own a property close to the beach are not
easily persuaded to sell and part company from their priced
possession. Once upon a time there have been cheap Portugal
apartments in Algarve - no longer. The owners know that their
property is worth substantially more now than when first bought.
And since it would not be so easy to find a better property
close to the beach, they don't sell. All they would be doing if
they sold, is swapping something they like for something else at
a higher price with no guarantee in finding something better
after they have sold. So why sell?
Of course there always will be apartments for sale even close to
the beach, but not in sufficient quantity to satisfy demand, and
hence the prices getting higher.
In our opinion prices will slow down in 2006. However,
properties in good locations and excellent condition will still
enjoy an upward trend, in demand and price. The area of Portimao
is quite interesting in terms of properties. The area around
this well known Algarve town offers some of the best Golf
Courses in the Algarve and the proximity of the beaches
especially the beaches of Alvor has shown an increase in the
numbers of people who are looking towards this area.
Apart from apartments Luxury villas in Portimao are getting
increased attention, since the level of prices are very much
below those of other parts which have received more attention in
property magazines.
It is my honest belief, that most properties advertised today
are overpriced. And anybody who really knows about the property
market in the Algarve will, and has to agree with me. I know I
am not making myself popular in writing this, but I like to say
the things as they are.
Property prices are emotive to some degree and as long as there
are people who pay what is asked I can't really blame anyone. If
this article has provoked you to have a closer look at how you
can buy a property in the Algarve or Portugal in general and
save a lot of money by buying direct from the owner it has
achieved its intended purpose. For more information on not just
properties visit our site www.sellandbuydirect.com