Updated: December 9, 2024
With staggering cliffs, hidden sea caves, and pristine beaches, there is nowhere else quite like the Algarve. Out of the region’s 438,000 population, almost 15 percent come from abroad, highlighting the region’s popularity amongst expats.
Whether you are looking for a taste of luxury or a more authentic Portugal, the Algarve will welcome you with open arms. This, in essence, is what makes the Algarve region so spectacular – it can cater to your needs, whatever they may be.
The Algarve property market has moved from strength to strength, and it’s easy to see why this region of Portugal will continue to thrive in the coming years.
In this Portugal Algarve real estate guide, we’ll provide you with an overview of the property market in the Algarve and the investment opportunities you’ll find in the region before delving into the different areas to buy a property. After this, we’ll run over practical information and some cultural aspects of buying in the sunny south of the country.
An Overview of Algarve's Real Estate Market
Portugal real estate has cemented itself as one of the most dynamic and attractive property markets for investors. Apart from Lisbon, the Algarve is the most well-known place in Portugal. And you only need a short visit to see why. With a long coastline, the southern region of Portugal attracts millions of visitors each year thanks to its sublime climate, delicious culinary delights, and vast stretches of sandy beaches. Many celebrities have even been enticed by properties for sale in the Algarve, Portugal, and now call this stunning area home.
These are just some of the qualities that have made the south of the country a staple in Portuguese tourism and the reason why expats and investors have consistently set the Algarve in their sights, propelling a dynamic and thriving real estate market. The variety of properties is another arrow in the bow of pull factors for expats. Whether you are looking for a private condominium, an investment property, or a waterfront home, you’ll find several property types in the Algarve during your search to discover your dream home.
The current state of the real estate market in Algarve, Portugal
Algarve real estate has long been a favorite for expats looking to secure a property in a stunning location with the potential to get a nice return on their initial investment. If we look at the current market, the Algarve remains a prime location, with buyers coming from all parts of the world.
Key property trends in the Algarve
At present, exploring property acquisition for investment purposes can prove to be a highly profitable endeavor, particularly due to this widespread appeal of the Algarve. The Algarve boasts strong rental yields, and given the significant influx of tourists to the area, there is a considerable opportunity to generate substantial income.
Portugal closed 2023 with a record 77 million overnight stays in tourist properties and €25 billion in tourist revenue, representing a 10 percent growth and 37 percent growth, respectively, when compared with 2019, according to the National Statistics Institute (INE), the Bank of Portugal, and Turismo de Portugal.
While the region is a firm favorite with tourists, the Algarve is popular with lifestyle seekers and investors from across the world. The region is expected to continue to attract property seekers from all walks of life to its shores in the coming years, from families drawn by the excellent international schools and high quality of life to investors seeking a top investment opportunity.
In recent years, there has also been a move toward developing eco-friendly properties and sustainable urban development. These practices include embracing renewable resources, prioritizing sustainable building materials, and ensuring that building projects work with nature, not against it.
Algarve Real Estate Prices
The average asking price for properties in 2023 in the municipalities of the Algarve can be seen in the table below.
Municipality | Average asking price (€/m2) |
Albufeira | €3,635 |
Alcoutim | €1,276 |
Aljezur | €3,346 |
Castro Marim | €6,151 |
Faro | €3,519 |
Lagoa | €3,800 |
Lagos | €4,476 |
Loulé | €5,191 |
Monchique | €2,530 |
Olhão | €3,395 |
Portimão | €3,119 |
São Brás de Alportel | €2,357 |
Silves | €3,126 |
Tavira | €3,309 |
Vila do Bispo | €4,298 |
Vila Real de Santo António | €3,343 |
Note that these prices are the asking prices, and the sales price can be significantly lower than this – or higher, in some cases – as the seller wants to sell by a specific date.
Alentejo real estate, the region boarding the Algarve to the north, is another excellent region to consider if you are looking for spacious properties or countryside homes at very reasonable prices by Western European standards.
Investment Opportunities: Real Estate Algarve Portugal
The golden coast of the Algarve is a great place to buy an investment property in Portugal. This is particularly the case if you are considering beach real estate or Algarve luxury real estate.
You’ll find that rental yields in the Algarve vary depending on the region, with the average for the region standing at 5.6 percent. A real estate investment in the Algarve will likely increase in value over time, meaning that further down the line, you should be able to get a nice return on your investment should you choose to sell in the future. The climate, high quality of life, and record tourist numbers are assets that make investing in the Algarve an intelligent move.
It is worth speaking with experienced professionals who will be able to guide you towards top investment locations based on your requirements. Whether you are torn between two locations or would like to discuss your options on a broader scale, experts in the field will be able to pinpoint which locations – and properties – could be best suited.
Exploring Algarve Real Estate for Sale: Area Guide
The Algarve is split into 16 municipalities, and each municipality offers something slightly different for buyers. In each region, you will find attractive homes for sale in the Algarve – spacious homes, luxury villas, and many properties with a sea view.
You’ll find a variety of property types across the region and may even come across Portuguese vineyards for sale in the Algarve if this is something that you would be interested in. Here, we provide you with a brief rundown of the key areas in the Algarve, conveniently split into three regions: The Central Algarve, the Western Algarve, and the Eastern Algarve.
Central Algarve
The central Algarve is very popular with retirees. Vilamoura (in the Loulé municipality) was built as a resort town and provides luxury property types, beach clubs, a golf course, and a casino, plus a large marina. Portugal’s “Golden Triangle,” close to Quinta do Lago and Vale do Lobo, offers a picture of true luxury where many would like to find their dream home.
The Vale do Lobo and Quinta do Lago real estate markets provide a plethora of stunning properties. Here, you have stunning luxury homes with a sea view, private swimming pools, and fine dining.
Nearby Almancil has the same vibe as these resorts but with a smaller price tag. There is also a greater historical flair here, with the graceful 18th-century white Church of São Lourenco. Algarve homes here are perfect for history buffs.
Albufeira, not far east of Vilamoura, is arguably the liveliest city in the Algarve. With many tourist attractions, such as boat trips during the day and a buzzing nightlife scene, the city is pretty much built to cater to its expat population. Albufeira real estate has much to offer foreign buyers and has been increasingly popular over the past decade or so.
Portimão is also a viable option, with a heavy expat population, watersports, and a buzzing scene. Here, there are plenty of places for evening dining and partying. For those wanting a quieter place, it is recommended to look elsewhere. The eastern Algarve, for example, is an appealing area for a more tranquil lifestyle.
Finally, you have Faro, the captivating, historic capital of the Algarve. If you are looking to be conveniently located right in the center of the region, with excellent train links to Lisbon and further afield, Faro is a good option to consider.
All these locations are very close to Faro International Airport, so travelers looking to get around easily should have no problem.
Below, you can find our area guides for key locations to consider in the Central Algarve:
- Vilamoura Portugal: An Overview
- Portimão Portugal Real Estate
- Faro Portugal Real Estate: An Overview
- Property for sale in Alvor, Portugal
- Carvoeiro Portugal Real Estate: A Helpful Guide
Western Algarve
The Western Algarve is characterized by stunning rock formations, beach houses, and spectacular views. Those who enjoy water sports will also be happy to know that this is the place to be in the Algarve. You’ll find some of the best surf spots in the country alongside many other activities, such as paddleboarding and kayaking.
Lagos has a strong expat community and a rich history. There is a good nightlife scene here, although the area is also attractive for families as there are two excellent international schools close at hand, the Nobel International School and the Vale Verde International School. It has a very relaxed vibe, and if you simply visit for a few days, you will no doubt want to stay much longer. If you are thinking of buying here, a real estate agent in Lagos can help you with your purchase.
On the tip of the country, you have Sagres, a town considered quieter in terms of expats, but haunted by the beautiful power of nature. The westerly point retains its Portuguese essence, with delicious eateries and a laid-back ambiance that doesn’t seem to have changed much over the years.
Below, you can find our area guides for key locations to consider in the Western Algarve:
- Portugal Lagos Real Estate: An Overview
- Sagres Portugal Real Estate: Coastal Investment Opportunities
- Aljezur Portugal Real Estate
- Bugau Portugal Real Estate
Eastern Algarve
In comparison to the Central and Western Algarve, properties in the Eastern Algarve tend to be cheaper. This is partially due to the Eastern Algarve property market being relatively underdeveloped.
The Eastern Algarve is perhaps the most authentic, and its natural beauty is well-known across Portugal. Take the Ria Formosa Natural Park, a coastal lagoon located between Faro and Tavira. This is one of the standout locations in the country and well worth a visit.
The beautiful calm of Tavira provides you with the perfect mix of beach and town, with pristine beaches just a short trip away. You definitely won’t have to sacrifice a sea view to find your dream home here. The city itself is a gem, with blue and white houses, the Gilão River running through, and hip new restaurants cropping up next to traditional seafood eateries. The seven-arched bridge, constructed by the Romans, and the Moorish flair across the city will keep history lovers happy.
For those looking for a more undiscovered corner of Southern Portugal, Castro Marim could be an excellent option. This is a historic recluse close to nature with whitewashed houses that have distinct blue linings.
Alcoutim is the least densely populated part of the Algarve. Without the many expats that constantly head to the Algarve, this could be a peaceful retreat for you. An added bonus of these two areas is that real estate here is much more affordable than elsewhere, meaning you can still find luxury homes without paying the maximum price imaginable.
Below, you can find our area guides for key locations to consider in the Eastern Algarve:
How to choose which part of the Algarve is for you
Choosing the right part of the Algarve for you depends on your specific needs and preferences. If you’re seeking investment opportunities, check out some of the real estate hotspots in the Central Algarve. If moving with a family, look for areas with good schools and family-friendly amenities. Retirees may prefer peaceful, scenic locations with access to healthcare facilities.
Property Types in the Algarve
If you are considering buying property in the Algarve, you’ll come across a wide selection of property types. In this section, we will provide you with more information on some of the most common ones you can expect to find. As you can imagine, you will discover numerous Algarve Portugal real estate beachfront properties.
Residential properties in the Algarve
The Algarve offers a plethora of property options, from modern apartments with sublime ocean views to quaint townhouses and spacious villas. Whether you are moving with a family, enjoy your well-earned retirement, or want to secure the perfect property for investment purposes, this region has you covered.
Modern apartments:
Explore a wide selection of modern apartments, many of which have pools and ocean vistas, and which combine traditional architecture with modern amenities.
Villas
Discover a wide array of spacious villas for sale in the Algarve, catering to retirees or those relocating to Portugal with their families.
Country homes
As you venture north, you’ll find plenty of country homes for sale, often at very affordable rates, as you move away from the hotspot coastal areas of the Algarve.
Luxury properties
The Algarve is a prime location in Portugal to find luxury properties, whether it’s a lavish apartment or a spacious villa with a private pool. Many celebrities have chosen to make this region their home.
Commercial properties in the Algarve
For those interested in commercial investments, the Algarve presents appealing opportunities, such as:
- Offices: Investing in offices offers stable rental income and the potential for long-term capital appreciation.
- Retail Spaces: Investments in retail spaces provide a consistent income from established businesses and potential growth in prime locations.
Tourism real estate
With the thriving tourism sector in the Algarve, various options are available for investing in tourism real estate. This includes opportunities in hotel projects and serviced apartments.
Land for sale in the Algarve
If you’re considering purchasing land for sale in the Algarve, you have the opportunity to build your dream home from the ground up. Construction costs typically range from €2,000 to €2,500 per square meter, while land prices, especially in the interior parts of the Algarve, can be as low as €100 to €300 per square meter. Keep in mind that the project timeline may be extended, due to unforeseen circumstances such as unavailable materials or weather disruptions, so if you’re looking to move in soon, this option might not be the most suitable for you.
Lifestyle in the Algarve
The lifestyle in the Algarve is one of the key reasons why expats flock to the region. Below are some of the key factors that tempt expats into relocating to this charming region of Portugal.
- Stunning landscapes and stunning beaches: The landscapes and beaches are second to none. The Algarve has a fantastic selection of beaches and a dramatic coastline characterized by limestone rock formations, arches, and caves. Popular beaches in the Algarve include Praia da Marinha near Carvoeiro, Quinta do Lago near Faro, and Praia da Rocha in Portimão.
- Live an active lifestyle: With most of the year brimming with sunshine, it’s easy to stay active in the Algarve. Whether you are into hiking, golfing, pilates, yoga, or other sports and activities, you should be able to find a viable place for you to enjoy yourself. These are also great ways to meet fellow expats.
- Water sports galore: There are also perfect waves, so if you’re a keen surfer, you will be able to get your fix. Sagres is a particular favorite among surfers. If you would simply like to try out surfing or a wide range of other water sports, there are plenty of options for you.
- Top golf location: Keen golfers will be happy to know that they are in one of the best possible locations to practice, view, and take part in the sport. There are an impressive 31 golf courses across the region.
- Incredible cuisine: For those into fine dining, there are six Michelin-starred restaurants in the Algarve. However, if you move to the Algarve, you’ll quickly come to realize that all the food found here is excellent, from international restaurants to family-owned Portuguese eateries. Indeed, you will eat well, with fish specialties across the region mixed with fresh produce and robust wines.
- Cultural festivals: There always seems to be something going on in the Algarve. With many historical, musical, and food festivals throughout the year and across the region, there is something for everyone.
Practical Information on the Algarve
In this section, we’ll provide you with some key practical information that you should be aware of if you are considering moving to the Algarve.
The climate of the Algarve
You are no doubt aware that the climate of the Algarve is extremely favorable and is one of the key reasons why so many expats head to this part of the country. The region has more than 300 days of sunshine each year, perfect summers, and mild winters. The daily average highs are 33 degrees C in July, and the average temperatures in January, the coldest month, are 12 degrees C. It also tends to rain very little in the Algarve, with most rainfall occurring between November and March. Even in the winter months, you should be able to head to the beach and enjoy the great outdoors.
Beaches of the Algarve
It is common for people to look for houses for sale in Algarve Portugal near the beach. In fact, alongside the year-round sunshine, the stunning beaches are one of the main selling points of the region. With white sandy beaches, top surf spots, and stunning rock formations, you will be spoilt for choice. Take the Bengali Caves, the striking sea caves accessible by boat, or the seemingly endless beach of Praia do Barril in the east, where you’ll be able to marvel at the spectacular landscapes. With the beaches in the Algarve, we are certain that you will find no complaints on this front.
Transport in the Algarve
The most practical way to get around the Algarve is probably by car, but public transport is not out of the question. In fact, the region has a very good rail system. You should be able to get from one place to another relatively easily. Bus routes are also widely spread out across the region to get from A to B.
When it comes to traveling to the Algarve by plane, Faro International Airport is in the center. This is very handy if you are living in the central Algarve. Nonetheless, the Algarve is not so big, and you can easily get around the region in a relatively short amount of time. Portugal’s train network is reliable and is handy for travel between major towns like Faro and Tavira. With good transport links in Faro, you should not have too many difficulties. From Faro, you can easily get to Lisbon by train, which takes between three to four hours.
Cost of living in the Algarve
The beauty of Portugal is that you don’t have to pay the absolute maximum price to live a good-quality life. Algarve homes for sale range from luxury and modern to traditional and rustic, catering to the needs of its diverse population. With the opportunity to have a breathtaking sea view, reliable public transport, and an excellent standard of living, the Algarve, Portugal, is certainly the place to find your dream home.
Schools in the Algarve
The Algarve is a great place to live with family because it is possible to be outdoors for most of the year. You’ll be able to enjoy watersport activities, hikes, and spending quality time together in the great outdoors. There are also 12 excellent international schools in the Algarve region, providing a variety of curricula and teaching styles.
If you are considering moving to the Algarve with your family, you should be able to find the perfect school to suit your needs. You can find out more in the International Schools in Portugal Guide, put together by our residency and citizenship division, Global Citizen Solutions. International schools are mostly found in the Algarve, Lisbon, and Porto. You will also find homes for sale in Sintra and Cascais, both close to Lisbon, that have easy access to top-quality international schools.
Expats in the Algarve
Expats make up a huge number of residents in the Algarve. The British have long held a very special place in their hearts for the Algarve. Their presence has not changed, with British retirees continuing to grace the southern coast. Indeed, the British accounted for 33 percent of foreign property purchases in the Algarve in 2019. However, the British are not alone in the south. There is now a strong European expat community, with the French, German, Dutch, and Swedes all setting up shop in the Algarve.
Disclaimer: This data is from 2019, and the INE (Institute of National Statistics in Portugal) has not released any new data on the subject. Nevertheless, the current picture is similar in 2024 as it was in 2019, and not a lot has changed in terms of the nationalities snapping up real estate in Portugal.
Algarve Real Estate Investment: Why Invest in Algarve, Portugal, Real Estate?
There are countless reasons to buy property in the Algarve, whether you are looking to move with family, retire for a calmer and more relaxing pace of life, or want to secure a prime investment opportunity. With sublime weather, a low cost of living, delightful cuisine, pristine beaches, and a bustling expat community, it is very easy to blend into the Portuguese lifestyle.
The future of the Algarve’s real estate market
As we’ve mentioned, with advantages like golden beaches, being one of the sunniest regions in Europe, and having a booming real estate sector, the Algarve region in Southern Portugal is an excellent place to buy Portuguese property and looks set to continue to be a prized location in the coming years.
If you are looking to retire in the Algarve, the high quality of life, long list of activities on offer, and excellent healthcare system make it a top location to consider. The region benefits from hot summers and mild winters, with over 300 days of sunshine each year. One of the best aspects of seeking out Algarve property for sale is that you will find many different types of property. Whatever property you may be looking for, whether it’s a beach house, villa, or modern apartment, you will find it in the region. This is another key reason why the future of the real estate market in the Algarve looks bright.
The Algarve boasts a significant expat community, notably from the UK, France, Germany, the Netherlands, and Sweden, but increasingly Americans are also relocating here. With a solid expat base, this is another significant pull factor for buyers.
Making your Algarve real estate Portugal investment a reality
Making the first step of any property purchase can be a difficult one. You will have questions, such as which part of the Algarve will be the right spot for your specific requirements, and you may want to discuss your ideas back and forth to pinpoint the perfect place.
This is why it is crucial to have an expert advisor on your side to guide you through the process, from an initial conversation about your needs to the completion of the sale. A buyer’s agent, such as Goldcrest, can provide you with clear assistance throughout your property-buying journey, whether you are looking to invest in Southern Portugal real estate or elsewhere in the country.
For a complete rundown of investment opportunities in the Algarve, check out our article, Real Estate Investment Algarve.
Goldcrest: How We Can Help
At Goldcrest, our team will be delighted to help you find the perfect property for your investment. We offer expert and impartial advice, working with you to find your perfect place or substantial real estate investment in Portugal’s most desirable locations and at the best possible terms.
Our team works diligently to ensure the correct steps have been carried out, safeguarding you from poor property investments. For the past decade, we’ve been building our inside knowledge of the local property market and have established extensive connections across Portugal, enabling access to an exclusive list of properties and investment routes, as well as new listings.
- Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
- Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price. As an impartial advisor on the market, we work solely on behalf of our client and provide a service tailored to your needs and requirements.
- Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time.
- Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
- Network of partners: Lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.
Frequently Asked Questions about Algarve Real Estate in Portugal
Where is the best place to buy Algarve, Portugal, real estate?
This will depend on what you are looking for. The “Golden Triangle” in the central Algarve, with Quinta do Lago, Vale do Lobo, and Vilamoura, offer a taste of true luxury. Elsewhere, Albufeira and Portimão are both solid options for those looking for a lively place to call home. Those opting for something quieter should look to the eastern Algarve, where you should be able to find the ultimate, quiet, coastal retreat.
For those who love watersports and a friendly expat community, Lagos in the western Algarve should be high on your hit list.
Whether you are looking for a private condominium, old townhouse, modern apartment, or an Algarve, Portugal, real estate beachfront home in a quiet fishing town, you should be able to find the perfect property due to the wide range of property types on the market.
Is real estate in the Algarve a good investment?
Yes, buying property in Algarve, Portugal, is a good investment. As a hot tourist destination, you should not have problems renting out your property, particularly as a holiday rental in the summer months. Interest in real estate in Algarve Portugal continues to grow, with property seekers from all walks of life setting their sights on the stunning Algarve region. Indeed if you buy-to-let, you’ll find the Algarve to be an excellent market to gain a strong return on your investment whether you are looking for short-term or long-term rentals. If you are flipping properties or investing in development projects, these can also be attractive options for investors.
Is the Algarve a good place for retirees?
The Algarve, Portugal, is the perfect place for retirees. There are a variety of property types available, good healthcare facilities where English is widely spoken, and many activities to get involved in, a great way to meet fellow retirees. For keen travelers, you also have the Faro International Airport, so you can easily get around Europe and further afield.
Can foreigners own property in the Algarve?
Yes, foreigners can own property in the Algarve region. Portugal has no restrictions for foreigners who want to buy property in the country. From the quiet north of the country to the sunny Algarve region in the south, you’ll be able to purchase property as a foreigner in Portugal.
Where is the best place to live in the Algarve?
Real estate in Algarve, Portugal, is a hot topic. The Algarve has long been a popular location in Portugal for purchasing property, and it looks set to continue to be a hotspot for buyers in the future. In many ways, the region is the perfect place in Europe to find a coastal retreat where you can enjoy year- round sunshine.
While prices have been increasing rapidly over the years, you should still be able to find properties at affordable rates, particularly when compared with property prices in other Western European countries.
How to search for a house for sale in Algarve, Portugal?
Whether you’re searching for luxury Algarve homes or modern apartments, research is key. A quick online search for “property for sale Algarve,” “buy house Algarve,” “houses for sale Algarve,” or “Algarve Portugal real estate for sale” will provide you with a nice overview of the market. You can also enlist the help of a buyer’s agent, such as Goldcrest, who can help you secure your dream home without having to pay the maximum price. With many different property options for real estate for sale in Algarve, Portugal, a buyer’s agent can also discuss your needs to help you on your buying journey.
Where is the cheapest place to find Algarve houses for sale?
The price of homes for sale in Algarve Portugal, will vary depending on where you buy. Alcoutim, in the Eastern Algarve, is the cheapest place to buy property in the Algarve. The average asking price for property in Alcoutim in 2023 was €1,276.
São Brás de Aportel and Monchique are also both affordable locations to buy property.
What types of real estate properties are available for investment in the Algarve?
When it comes to real estate in the Algarve, the region offers a variety of properties for investment, including luxury villas, apartments, townhouses, and plots of land for development. As you can expect, you will find numerous Algarve, Portugal, real estate beachfront properties across the coastline.
What are the key areas in the Algarve for real estate investment?
Key areas for real estate investment in the Algarve include Albufeira, Lagos, Vilamoura, Portimão, and Faro due to their popularity among tourists and expats.
What are the legal considerations when investing in real estate in the Algarve?
Important legal considerations include verifying property ownership, examining planning permissions, and understanding local regulations. Engaging a competent lawyer is crucial to navigating these aspects.
What are the risks and challenges involved in real estate investment in the Algarve?
Potential risks include economic downturns, fluctuating demand, and changing tourism patterns. As the Algarve is one of the most popular tourist locations in Europe, it is highly unlikely that tourist numbers will fall. Additionally, navigating language barriers and legal complexities can pose challenges. You will also need to make sure you are aware of the property tax implications of buying property in Portugal.
How is the resale market for properties in the Algarve? Can I expect a good return on my investment?
While returns depend on factors like location, property condition, and market conditions, a well-chosen property in the Algarve can yield a good return on investment (ROI).
What are the tax implications of real estate investment in the Algarve for international investors?
Property taxes will fall either at the time of purchase or on an annual basis. At the time of purchase, you should consider Property Purchase Tax (IMT) and Stamp Duty. On an annual basis, you will need to take into account Municipal Property Tax (IMI). Rates and exemptions can vary based on factors like residency status and property usage. It is important to understand your property tax obligations when buying property in Portugal.
Are there sustainable or green real estate investment opportunities in the Algarve?
Yes, the Algarve offers sustainable and green real estate options, including eco-friendly developments and investment properties with energy-efficient features. Sustainable practices are becoming more popular in the region’s real estate sector.
Is property expensive in the Algarve?
How expensive the Algarve, Portugal, real estate market is will depend on where in the region you buy. For example, Lagos and Loulé Portugal real estate is more expensive, and you will find more expensive and luxury properties here, whilst in Alcoutim, in the Eastern Algarve, you will find very reasonable prices. The property type will also hugely influence the property price.
Can I get a mortgage to buy property in the Algarve as a foreigner?
Yes, many banks in Portugal provide financing options to foreigners. However, deciding which mortgage in Portugal to opt for can be tricky. We recommend speaking with a mortgage broker to find the best deal for your personal situation.
Can I find luxury properties in the Algarve?
Yes, you will find luxury properties available throughout the Algarve region. Top locations include the Golden Triangle of Vilamoura, Quinta do Lago, and Vale do Lobo. Lagos is also another key location to find incredible properties with sweeping sea views. You’ll find Algarve property for sale with pool, private security, and additional amenities, such as a tennis court, to be common features of luxury properties in the Algarve.
Can I find properties in the Algarve with private swimming pools?
Yes, you will find many properties in the Algarve with private swimming pools. The top locations in the Algarve to find a property with private swimming pools are the Golden Triangle of Vilamoura, Quinta do Lago, Vale do Lobo, and Lagos.
However, you’ll find properties across the Algarve region that come with private swimming pools.