A new airport is announced by Portugal’s Prime Minister

Jose Socrates, the Portuguese Prime Minister has made it official, and even though there has been some indecision and public discussion around where should it be built, there is no doubt that a new airport is on the way. The total cost of the new airport is estimated around 4.9 billion Euros, and the definitive location will be the Alcochete area (just under 12 miles from Lisbon), just south of the Tagus River.

This is excellent news for anyone who has his eyes set on investing near this area, especially the Silver Coast, or even the Blue Coast. The boost that this news will give to the value of properties in striking distance is huge. The gain in accessibility is bound to reward all the foreign property investors that seize this opportunity for new investments/ additions to their property portfolio.

Taking in order that the Algarve is now so priced out and with all the building restrictions down there, one can only expect that many investors should get hold of the best properties in the Silver Coast and even the Blue Coast of Portugal while they can.

Anyone receptive to a good opportunity in this business should contact Move Portugal, as it is pretty much the complete package. Any information just ask us.