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Real Estate Briefing - Categorized | Europe, Finance, Market Moves more

One bright spot of the E.U. crisis: Killer real estate deals

Posted on 13 June 2012

Praia Da Luz is a tony beach town on Portugal’s southern coast that’s a summer destination for British, Irish, French and Germans. A few years ago, a four-bedroom vacation house in Monte Lemos overlooking the Atlantic would have fetched more than a million euros. Today, you could pick a property like this up for almost 50% less.
Knight Frank currently has a listing for a home within walking distance of downtown and the main beach of Luz that has four en-suite bedrooms with balconies, an in-ground pool and a patio overlooking the water……………………………………….Full Article: Source


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