Wednesday, 22 May 2013

To rehabilitate for tourism in Portugal, a profitable option

Several Portuguese destinations have been recently recognized by entities such as the European Best Destinations 2013 (that elected Lisbon as the second best European city to visit), the European Consumers Choice (that chose Porto as the best European destination in 2012) and the website Trip Advisor (that points Lisbon as the destination with the best quality-price relation worldwide).

Along with these (and others) recognitions the demand for Portugal as a touristic destination has been increasing in the last years, allowing new ways of receiving tourists to show up in the market. Now the hotels are complemented by more economic solutions such as hostels and mainly touristic accomodations - these last ones have been a very significant business opportunity for the owners of buildings or apartments in the cities of Lisbon and Porto, and also to the owners of properties in rural and beach contexts.

Sofia Dias, from the website Homelidays Portugal, gave an interview to Diário Imobiliário, in which explained why the investment in this kind of business is a good option for property owners. "Taking into account that the average weekly income for a vacation property is about 700 euros, it is possible to collect about 8.400 euros just in summer months."

The major part of the tourists come from the UK, Spain and France, and the prefered regions are Lisbon, Porto, Douro (43% growth), Alentejo (41% growth), Algarve and Madeira archipelago (44% growth).

Douro region

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