Finding a Real Estate Agent in Algarve: Sales and Rentals

The Algarve is one of the most popular spots for expats who are considering purchasing a property in Portugal. Just over a two-hour drive south of the Portuguese capital of Lisbon, the Algarve region has great potential whether you are looking for a holiday home, a profitable investment, or are looking to settle permanently in Portugal.

Expats who are considering moving to Portugal often choose to live in the south of the country. It has unrivaled natural beauty and year-round sunshine. Popular properties to buy in the Algarve include stunning luxury villas and beachfront apartments, taking full advantage of the ocean views and coastal location.

If you’re considering purchasing real estate in this region, this article will guide you on the benefits of working with a real estate agent in Algarve. You’ll also discover how to find a good real estate agent who will help you find the perfect property in Portugal.

An Introduction to the Algarve’s Real Estate Market

Algarve real estate is highly popular with both Portuguese people and foreign buyers from all over the world, and it is no secret that many expats choose to invest in property here.

The Algarve luxury property market has been growing exponentially over the past few years. This growth is expected to continue throughout 2025 and beyond as it remains a preferred destination among foreign buyers.

It is a unique region of southern Europe, lined with golden sandy beaches and stunning rock formations. Some of the best beaches include Praia da Rocha, close to Portimão, and Meia Praia in Lagos, in the Western Algarve. The Ria Formosa Natural Park, close to Tavira in the Eastern Algarve, is also one of the highlights of Portugal.

Real estate on the region’s coveted coastline is largely popular because of the investment potential, along with the weather, the golden beaches, great seafood, and world-class golf courses, such as those found at Vila Sol. Let’s dig deeper into some of the commercial and residential properties you’ll find in the Algarve.

Luxury properties in the Algarve

From jaw-dropping multi-story villas overlooking the Atlantic Ocean to modern penthouses with panoramic views, luxury properties in the Algarve often feature high-end amenities such as infinity pools, private gardens, a roof terrace, tons of natural light, and state-of-the-art kitchens.

Exclusive locations like the Golden Triangle of Quinta do Lago, Vale do Lobo, and Vilamoura are particularly sought after, attracting international buyers looking for privacy, security, and access to world-class golf courses, Michelin-starred dining, and pristine beaches.

Beachfront properties in the Algarve

You’ll find everything from contemporary apartments with natural light, sea-view balconies, and a roof terrace, to charming townhouses and spacious villas with private pools in the Algarve – something to suit every taste and lifestyle.

Popular areas for beachfront homes include Lagos, Albufeira, Portimão, and Tavira – all popular among foreign buyers seeking a relaxed yet vibrant lifestyle.

Commercial properties in the Algarve

Commercial properties in the Algarve offer excellent investment opportunities, benefiting from the region’s strong tourism industry.

For those seeking office spaces, restaurant spaces, and other commercial properties, Faro, Lagos, Albufeira, and Portimão provide business parks with modern infrastructure. Smaller towns such as Tavira and Silves offer boutique business opportunities, from charming cafés to local artisan shops.

Equestrian properties in the Algarve

With a climate ideal for year-round riding, the Algarve’s stunning countryside offers gorgeous equestrian properties with ample natural light and stunning farm ranches. These properties typically feature spacious lands with a roof terrace, stables, riding arenas, and direct access to scenic trails.

Locations such as Loulé and Silves are popular for equestrian estates, providing a peaceful rural setting while remaining within reach of beaches, golf courses, and essential amenities.

Algarve, Portugal, real estate costs

Potential buyers will have access to a great selection of residential properties and commercial properties in the Algarve at prices that suit any budget.

Located in the Western Algarve region, you have Lagos, an in-demand location where you will also find exclusive properties with stunning ocean views. Further west still, Sagres (Vila Do Bispo municipality) tends to be more affordable. In the Eastern Algarve, you can find more affordable villas, apartments, and townhouses.

If you are looking to snap up Lagos, Algarve, real estate, consider working with a real estate agent in Lagos to assist you with your purchase.

In the table below, we have provided you with a comprehensive overview of the average property prices per square meter for property in different locations across the Algarve, Portugal, in 2024.

Cost of rent in the Algarve

If you’re looking to rent property in the Algarve, coastal hotspots like Faro, Lagos, Albufeira, and Vilamoura tend to have higher rental prices, especially for beachfront properties or luxury villas. Meanwhile, inland areas and smaller towns offer more budget-friendly options. 

However, if you’re planning to stay in the Algarve indefinitely, purchasing a home would be a better option, considering you’ll be investing in an attractive asset that will appreciate over time.

That said, if you’d like to rent a home in the Algarve initially, here are the average rental prices you can expect to pay per month:

• One-bedroom apartment in city center: €1,000
• One-bedroom apartment outside of the city center: €850
• Three-bedroom apartment in city center: €1,800
• Three-bedroom apartment outside of the city center: €850

Estate Agents Algarve: How to Find a Real Estate Agent in Algarve, Portugal

The process of searching for the proper Algarve home may require a lot of searching and be quite time-intensive if you’re doing it on your own. Working with a professional real estate agency in the Algarve can save you time and hassle.

Below, we share a few tips for finding the best estate agents in Algarve, Portugal.

Identifying your real estate needs

Create a checklist so that you can be clear about your unique needs when you make contact with potential property professionals or a real estate agency.

Consider things like:

• Lifestyle: Whether you prefer an apartment in the city with gorgeous natural light or are seeking a perfect villa by the beach
• Budget: How much you’re willing and able to spend
• Location: Where you want the property to be located
• Size of property: Whether you need a one-bedroom place, a two-bedroom apartment, or a space big enough for a family
• Amenities: Proximity to amenities, such as schools, hospitals, restaurants, etc.

Searching for real estate agents in the Algarve

You can begin your search for a realtor on local real estate-specific websites. You should have no trouble finding a few options advertising Algarve property search services. A quick search for “estate agents Algarve” or “Portugal estate agents Algarve” will provide you with a few good options online.

Look for local real estate agencies or firms with good reviews and a strong presence in the Algarve region. You could also ask for recommendations from friends, family, or acquaintances who have experience with real estate transactions in the Algarve. Another good idea is to check on online expat groups and forums.

Evaluating potential agents

Utilizing the services of realtor in Portugal can be instrumental in a successful property purchase. However, you’ll need a strategy to evaluate potential agents to find the best one for you.

You should always start by ensuring that they have in-depth knowledge of the real estate market and have worked with satisfied clients that have had similar requirements to yours.

You could use this checklist to systematically evaluate critical criteria to help you make an informed decision when hiring a real estate agent or real estate company that perfectly matches your needs.

Real Estate Agent versus a Buyer's Agent

Working with a good real estate agent in Portugal is a valuable asset, but they will work on behalf of the seller and will get a higher commission for a bigger sale. Algarve real estate agent commission rates will vary depending on the purchase price.

Buyer agents, such as Goldcrest, also earn a commission, but will work solely on behalf of the buyer, which is a significant advantage. They also help buyers throughout the process, from searching for properties to real estate acquisitions.

Working with a buyer’s agent will give you the upper hand during your property search because you’ll gain access to a broader range of exclusive properties. When it comes to negotiation, you can rest assured that you will get the right price for the property.

Take a look at the comprehensive guideline below showcasing each option’s advantages and potential drawbacks.

Step-by-Step Guide for Your Property Journey

Now that you are well prepared to tackle the Algarve’s property market and equipped to find a real estate professional in the Algarve, it’s time to start your journey to your new dream home.

While a buyer’s agent will be able to guide you through every step of your property investment journey, it’s always good to know what to expect. To set you up for success, use these basic steps of the purchase process as a roadmap to plan your next steps.

Step 1: Request an appointment to discuss your specific needs.

Step 2: Your agent will conduct a property search and arrange viewings.

Step 3: Once you have reviewed the properties presented by the agent and shortlisted the ones that meet your requirements, you and your agent can formulate an offer for the property.

Step 4: Shortly after the offer is accepted, your agent will assist with completing legal paperwork and other necessary formalities.

Step 5: It’s time to close the deal. Your buyer’s agent can help you with finalizing the legalities of the purchase, help you sign contracts and legal documents, and ensure you understand and agree with other aspects of the purchase.

Goldcrest: How We Can Help

At Goldcrest, we’re a buyer’s agent who works solely on behalf of you as a buyer, giving you exclusive advantages and helping you find the perfect home or investment tailored to your needs.   

We have in-depth knowledge of the region and a clear understanding of the latest Algarve real estate market trends. Having established extensive connections across the region, we can provide you with access to an exclusive list of properties and help safeguard against poor property investments. 

Should you be looking for real estate partners to assist with property management services, we can also assist with this.  

Get in touch, and let’s kickstart the process to help you find what you are looking for.