New Flights to the Algarve Set to Boost Portugal Property Market
Friday, March 12th, 2010Ryanair recently announced it will launch its 39th base at Faro in March 2010 with 6 based aircraft and 14 new routes (28 in total) being launched. The popular budget airline will operate over 200 flights each week to/from Faro in an investment of over $400 million in the airport.
The new routes have been introduced to help fulfil a growing demand for easy, affordable access to the Algarve from across Europe. Portugal has a strong and sustainable tourism demand with 11 million visitors in 2009 (WTTC) and annual growth of 3% forecast until 2017.
The new flights which include Faro to Birmingham, Kerry and Knock will make the Algarve even more easily accessible from the UK and Ireland, a good sign that the region will see an increase in tourism numbers which in turn will generate higher demand for touristic accommodation and also boost demand for property for sale in Portugal.
This is good news for the recently launched Gotel an apart-hotel or hotel room investment opportunity ideally situated in the sought after western Algarve, overlooking the spectacular Praia Tres Irmaos at Alvor. The Gotel is owned and operated by the Pestana Group, Portugal’s largest hotel and leisure operator, with a thirty year track record and therefore assuring the future success. The hotel itself has a 15 year operating history.
Steven Worboys, MD of the specialist overseas property investment company Experience International, stated:
“The Gotel presents an excellent opportunity to invest in a boutique hotel in Portugal’s highly sought after Algarve region and attractive Portugal property market. This project provides a next generation approach to property investment; apart-hotel rooms are now regarded as a first-class turnkey investment product that are fully managed for the investor and require minimal involvement.”
The investment is limited to 38 units and provides an unique opportunity to own an apart-hotel room in one of the Algarve’s well established and reputable hotels.
Spectacular Sea Views
Currently occupying a prime location in Alvor, a top tourist area in the Algarve, the Gotel when completely refurbished will combine luxury hotel rooms with boutique chic and spectacular views over the famous PraiaTres Irmaos.
For further information about this opportunity please contact Experience International on +44 (0) 207 321 5858 or visit www.property-for-sale-in-portugal.co.uk