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Real Estate News Releases
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(EMAILWIRE.COM, October 10, 2008 ) Portugal - TheMoveChannel.com, the UK and international property portal, reports on Maexpa InternationalÂ’s Porto Oriente development, which has been specifically designed to satisfy a shortage of student accommodation in the University District in Porto.
The development is at the heart of the University Campus and is an ideal investment product for the ‘armchair’ investor. Prices start from £73,000 and there is a five per cent rental guarantee for the first 12 months after completion.
Basking on the beautiful Green Coast (Costa Verde) of Northwest Portugal, Porto is a major industrial centre and home to the countryÂ’s largest university.
As PortugalÂ’s second largest city, with around 1.6 million residents in the Greater Metropolitan Area, Porto has always rivalled Lisbon in economic power and many of the largest Portuguese corporations are headquartered there.
Property ownership in Portugal, as in the majority of Continental Europe, has historically been undertaken by the state, institutional investors and wealthy landowners and due to this there has always been a strong rental market in major urban areas.
Typically, investors have been snapping up short-term holiday lets in the Algarve and more recently along the Silver Coast.
Whilst these areas have offered fantastic gains in the past, the shrewd investor should be aiming to buy in areas that have yet to be discovered.
Porto and the surrounding Douro region is an area that has only recently been discovered by foreign buyers. Now, the success of the Silver Coast has raised the profile of Portugal as an investment hot spot, and regular, two hour flights from most major British cities coupled with the rapid spread of the English language as a business tool, means that construction has exploded.
With new apartments in the old port set to command prices in excess of £340,000, the city is certain to experience substantial future growth in the mid to long term.
Dan Johnson, Director of TheMoveChannel.com said, “The strength of investing in a buy to let project in this city lies in the stability of the huge rental market literally on its doorstep, with prospective tenants coming from the student population and the staff from the local hospital.
“Public transport is also exceptional and both the motorway and international airport are within easy reach,” he added.
Notes to editors:
Maexpa International are the London based international sales arm of the Maexpa Group, an Iberian developer with interests in ten countries around the world covering Western and Central Europe, Africa and Central America. Last year alone they sold in excess of 5,000 units worldwide totalling some £226 million in revenue and demonstrating an exponential year on year growth since their inception in 1989.
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
TheMoveChannel.com
Jon Moore
020 7952 7658
j.moore@themovechannel.com 
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