Algarve property ‘better value’

IRISH property is bad value and close to being over-priced, a leading Irish player in the Algarve claimed yesterday.

What will cost €300,000 in the Algarve will cost €600,000 in the more prestige property sectors in the Irish market and will not be as good as what Oceanico Developments has on offer said Gerry Fagan, a former senior executive in Campbell Bewley Group where property was his forte.

So if high net worth investors are tired of rising property prices, Irish property developers, bad value for money and unremitting price rises, then the Algarve may offer some succour. Oceanico Developments announced an alternative investment opportunity in association with Barclays Bank, Portugal.