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Surge in Portuguese Property Sales to Bargain Hunting Brits

Sales of property in Portugal to buyers from the UK have risen significantly in recent months according to a survey by the Real Estate website Rightmove. The situation was also confirmed by Moneycorp, a leading foreign exchange company.

The falling prices have attracted investors who have been waiting for the right time to buy property in countries such as Spain and Portugal and are currently enjoying irresistible bargains, especially on the Silver Coast.

The survey revealed that searches and enquiries for property in Portugal rose by 14.4% in March compared to the previous month and estate agents here on the Silver Coast have confirmed that interest in holiday homes from British buyers is on the increase.

‘Of course, everyone is looking for a bargain and with prices at rock bottom they are finding them’, said Simon Forbes from the recently launched website SilVista.

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