City buyers urged to visit Portugal
European investors looking for a new city property have been advised to consider Lisbon.
According to the Sunday Times, the Portuguese capital has undergone a "huge transformation in the past decade" and is appealing to an increasing number of overseas property developers.
While still not as popular as more high-profile European destinations such as Paris and Barcelona, Lisbon has seen its appeal grow as major regeneration programmes continue throughout the city.
The newspaper describes Lisbon as a city of "elegant shops" and "charming new hotels in refurbished historical buildings".
With flights from London airports taking just two and a half hours, the city represents an accessible destination for UK-based investors.
Andrew Coutts, head of ILM international tourism consultants in Portugal, recently told Reuters that Portugal has proved to be "less vulnerable" to the economic downturn than many of its European neighbours.
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