In this article I will give you the latest news in regard to property in Portugal. The latest news is the new Algarve golf property boost, property near the race circuit in Portimão, new golf developments in Madeira, information about rental properties in Porto and a new property and real estate hotspot in Sesimbra.

Due to the situation in the global econonomy the prices in Portuguese property have been decreasing and will continue to decrease in the next few months, this means that should get ready to invest.

In the Algarve there is some news about a new golf course that is opening. This golf course is called Amendoeira Golf Resort and is built by the Oceanico Group. This will give the markets of property in Portugal a very nice boost in some very interesting property investment opportunities. The Amendoeira Golf is just 35 minutes away from the Faro international Airport.

The Amendoeira golf resort is located its in Silves, and this 10 minutes away from the beach in Armação de Pêra. This golf course has an above average natural beauty, with a nice view of the Monchique Mountains, the valleys of the golf course are filled with almond and olive trees, and with more than 50 species of birds. The properties in this golf resorts are also outstanding, and are available and good investment prices.
In the beginning of November the new motor racing circuit will be opened in Portimão in the Algarve. This race track will be used for the Moto GP, and hopefully for Formula One competitions. The latest forecast expects 1 million extra tourists a year due to this motor racing circuit. The Autódromo Internacional do Algarve hosted the World Superbikes Championship in November of 2008.

Another possible hotspots for property in Portugal is in Sesimbra. Sesimbra, which lies south of Lisbon will be a hot property spot because there will be a new airport built in the vicinity.

In the wonderful island of Madeira there are plans for two new golf resorts. The plans for the luxury property developments are very close to being finished, so you can expect the property in the vicinity of these resorts to have capital gain and appreciate. One of the resorts called Calheta Golf Course is planned on the island of Madeira in the Ponta do Pargo region. The other golf course will be in the island of Porto Santo.

It looks like there is a good property investment opportunity in Porto. The prices of properties have gone down due to the international banking situation. Porto is a city with great potential for long-term rentals due to its strong tourism, people traveling for educational purposes and business travelers. Due to the low prices you may find a great investment there. The property prices in the Algarve have also gone down but still remain high in comparison to the price decreases witnessed in the rest of the country.

Our forecasts predict that the prices will continue decreasing until March 2009 and then it will be the best time for property investment in Portugal. Sure thinking about buying property in Portugal you should know what you want by the end of January to start making your purchases. The prices of rural tourism property are also declining in all areas of Portugal.