The coast of the Algarve is a seemingly endless series of some of Europe’s
finest beaches. Spectacular stretches of sand can be found almost anywhere, the climate and atmosphere may be Mediterranean but the ocean is the Atlantic, offering the best of both worlds. Whether you’re a sports enthusiast, a history buff or simply a wine and food lover, the Algarve offers plenty of wonders to experience.
The most popular tourist destination in Portugal is the Algarve as it welcomes millions of national and international tourists annually. Boasting of an all year round fantastic climate with more than 3000 hours of sunshine a year and over 80 blue flag beaches, you can certainly understand why individuals are drawn to the region.
Additionally, the Algarve is amongst the regions in Portugal offering the best quality of life, safety and peacefulness. Areas such as Quinta do Lago or Vale do Lobo, are the high networth individuals playground, comprised of luxurious multi-million euro properties designed to one's specific needs desires. Also, the Quinta do Lago resort has 3 golf courses which are among Europe’s best, joined by world class facilities such as Southern Europe's only
TaylorMade Performance Center and the
Paul McGinley Golf Academy.
Other areas such as Loulé, Albufeira, Tavira and Lagos have all seen a rise in house prices over the past 12 months. Villas in particular have been in high demand with the average purchase between €400-€500K, apartments were the second most popular property type. Individuals were mainly looking for relocation, retirement or holiday homes. Purchasing a property as a rental investment is becoming an attraction for people wanting to earn an extra income.
Portugal's real estate and low cost of living are major contributors toward its growing popularity among investors, the reason for purchasing a property overseas may vary but rest assured, the Algarve has everything you are looking for and more.
