The German Ifo Institute for Economic Research and Euroconstruct have projected continued growth in the Portuguese building industry, lasting until at least 2020.
The groups foresee expansion of around 15% in the industry, which they say is being boosted by strong performance in the tourism industry.
However, the forecasts take into account the growth partly due to the natural demand for housing after prolonged inactivity.
One area to see the benefit of this unparalleled construction resurgence is Vilamoura. There is massive investment and renewed new business confidence in the area, not seen since the financial crash of 2007. The Vilamoura World Master Plan enables the development of a further 5,000+ units split across residential, tourist and commercial uses.
So why is this resort one of our most requested locations? Vilamoura is one of southern Portugal’s finest resort towns - offering so much more than just stunning beaches and a glorious climate. Vilamoura was envisaged in the 1980s as an exclusive beach resort and elite golfing centre. Today the town has matured into a stylish and modern holiday destination that boasts five 18-hole golf courses, outstanding tourist facilities and the magnificent world-class 825 berth marina.
The area is ideal for permanent living - with good healthcare facilities and an international school - or for investment in a holiday home. To discover more, visit the Vilamoura Property page, where you will find a vast selection of villas, townhouses and apartments.