Lovely villa with ocean views in Praia da luz - Price is reduced to sell

seaview villa within walking distance to Praia da Luz

Luz Price: € 1,250,000 Property Ref: EAV-173      Description Reduced from 1,450.000! This spectacular villa has a superb location with surrounding sea views. The villa is equipped with 2 kitchens, underfloor heating,electric shutters, electric gates and alarm system. The exterior has been cleverly designed for entertaining,complete with bbq area, bar, sauna, bowling lawn and plenty of sitting patio areas, while still enjoying the peaceful and breathtaking surroundings. A true piece of paradise.   http://www.eavillas.com/property.php?id=173&title=seaview-villa-within-walking-distance-to-praia-da-luz

Global recovery faster than expected, says IMF

The IMF wants regulatory reform of financial institutions The global economy will grow a faster than expected 4.2% this year, says the International Monetary Fund (IMF). However, recovery in many advanced economies remains "tepid" and high government debt levels need to be addressed, the IMF said. For this reason, governments must continue with economic stimulus measures this year, it added. The IMF forecast the UK recovery would "continue at a moderate pace", with a weak pound helping exports. The fall in the currency will help offset subdued domestic demand, it argued. The comments were made in the IMF's latest World Economic Outlook. Cutting debt The fund expressed concerns about the continued shortage of bank lending, which it said was likely to remain subdued as banks built up their capital bases. The body also raised concerns about the options available to governments to continue stimulating their economies. Governments across the world have already reduced interest rates to record lows in order to stimulate demand. "A key concern is that room for policy manoeuvres in many advanced economies has either been exhausted or become much more limited," the fund said. What governments can, and must, do, is make public their plans to cut debt levels, it argued. "There is a pressing need to design and communicate credible medium-term fiscal consolidation strategies. "These should include clear time frames to bring down gross debt-to-GDP ratios over the medium-term, as well as contingency measures if the deterioration in public finances is greater than expected." Governments should not start to cut spending until next year, the IMF said, apart from those countries with high debt levels that needed addressing now. Greece, for example, has been forced into a series of spending cuts and tax rises in order to bring down its budget deficit. Bank tax The IMF also said that governments must come to an agreement on regulatory reform of the banking sector. The fund has proposed that all financial institutions pay a bank levy - initially at a flat rate - and also a further tax on profits and pay. The measures are designed to make banks pay for the costs of future financial and economic rescue packages. The far-reaching proposals are likely to prove deeply unpopular with banks, BBC business editor Robert Peston says   http://news.bbc.co.uk/2/hi/business/8634869.stm

Ocean view townhouses for sale near Carvoeiro centre

Resort townhouse

Carvoeiro LGA Price: € 297,000 Property Ref: EAV-954      Description This traditional style apartment enjoys an enviable position just a few minutes walk to the beach and with lovely sea views. The apartment is part of a very well maintained resort with pool, reception and restaurant on site. The apartment has two large bedrooms, both ensuite, large lounge/diner, fully equipped kitchen, W C and south facing terrace. Log fire in the lounge and electric wall heaters in the bedrooms. Other units priced at €297.000 and €361.000 http://www.eavillas.com/property.php?id=13211&title=resort-townhouse

Villa with sea views for sale in Carvoeiro

Seafront location in private resort.

Carvoeiro LGA Price: € 980,000 Property Ref: EAV-941      Description Beautful detached villa enjoying an enviable position on top of the cliffs yet within easy walking distance of all facilities and the beach of Carvoeiro. This traditional villa is in excellent condition and beautifully maintained. With 4 bedrooms and 4 bathrooms this is a great opportunity for someone to acquire a front line villa. The resort has restaurant, reception and swimming pool.

http://www.eavillas.com/property.php?id=11733&title=seafront-location-in-private-resort

Statistics have shown Portugal Property Prices have gone up in 2009

Property prices up
10/4/2010

While most European house prices fell last year, the first decline since the Financial Times began tracking the market in 2000, Portugal managed to be one of the few countries to report a growth in house prices during the economic gloom of 2009.

The Financial Times (FT) this week said that house prices in the Euro Zone fell by 4.6 percent last year in relation to 2008, while the drop was less pronounced in 23 European nations, where a reduction of 2.8 percent was reported.

Spain, so often compared to Portugal in terms of house prices, witnessed a 7.4 percent loss of value on homes. Neighbour Portugal however, managed to buck the trend, and recorded house price increases of 0.4 percent in a year when the global recession wreaked havoc.

Ireland, Slovakia and Iceland were the hardest hit by the housing crisis, with prices falling by 12.4 percent, 11.1 percent and 9.7 percent respectively last year.

Market analysts in Portugal have underwritten the findings published this week in the FT, saying the country has always assumed a cautious approach to real estate development, at least in comparison with countries such as Spain and Ireland, which has allowed it to emerge from the international housing crisis relatively unscathed.

"We never reached levels of high debt and our banks have always been more conservative. This is largely why the crisis has not been as profound in Portugal as elsewhere in Europe", Business Director of Aguirre Newman was quoted as telling Diário Económico this week.

According to the FT, the Eurozone and Europe indexes, house prices fell more than seven percent in the larger, more developed economies such as the UK, Spain and France.

The FT further found that "even Germany, traditionally a more stable market, saw a decline of more than 4 per cent in the second-hand home market and an overall decline of 1.8 per cent."

The biggest falls were in the countries hit hardest by the global financial crisis, the study found. However, quarterly data suggest the worst may be over for the UK, Spain, France and Germany, which registered marginal growth in the fourth quarter compared, with the third.

 

Source the portugal news

Renovated villa for sale near Guia & Albufeira with price reduction

Fully renovated one level bungalow - Now Reduced!!

Guia-ALB Price: € 490,000 Property Ref: EAV-737     Reduced from €510,000! Fully renovated property to the highest standards. Equipped with underfloor heating, air conditioning, fireplace, double insulated windows, swimming pool, bbq area and garden. All within minutes to the beautiful Albufeira beaches, shopping and restaurants. http://www.eavillas.com/property.php?id=3639&title=fully-renovated-one-level-bungalow-now-reduced