Finding a Real Estate Agent in Algarve

The Algarve is one of the most popular spots for expats who are considering purchasing a property in Portugal. Just two a two-and-a-half-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 consider moving to Portugal often choose the south of the country. It has unrivaled natural beauty and year-round sunshine.

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 a shining star in European property space, 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 weather, the 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

Luxury properties in the Algarve offer sophistication, comfort, and breathtaking scenery. From jaw-dropping multi-story villas overlooking the Atlantic Ocean to modern penthouses with panoramic views, these homes 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

Beachfront properties in the Algarve boast stunning coastal living with direct access to golden sandy beaches and crystal-clear waters.

You’ll find everything from contemporary apartments with natural light streaming in from all angles, sea-view balconies, and a roof terrace, to charming townhouses and spacious villas with private pools – 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.

Because there are so many of these homes to choose from along the Algarve’s extensive coastline – more than 200 kilometers in total – it’s not too difficult to find a home within striking distance of waterfront restaurants, lively marinas, and outdoor activities such as surfing, sailing, and golf.

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.

Located in the Western Algarve, you have Lagos Algarve real estate, 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 offering a more “authentic” side of the Algarve region.

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

In addition to location and amenities, the price of the apartment or villa on sale is one of the most crucial factors to consider. The Algarve region is known for luxury real estate, but it is possible to find an apartment, villa, townhouse, and even a condominium near the beach – and with spectacular views – at an affordable price.

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

The cost of renting a home in the Algarve varies depending on location, property type, and seasonality. Factors such as proximity to amenities, sea views, and modern features also influence rental costs.

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 and eventually will be fully paid off. 

That said, if you’d like to rent a home in the Algarve initially, to get a feel for the different cities and neighborhoods, 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: €2,340
• Three-bedroom apartment outside of the city center: €1,255

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 “realtors Algarve” or “Portugal estate agents Algarve” will provide you with information on real estate agents in the Algarve.

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. 

A great way to come across potential property partners with extensive knowledge is to attend local real estate events or open houses. From there, you’ll be able to meet and network with agents in the area.

Evaluating potential agents

Utilizing the services of realtor in Portugal can be instrumental in a successful property purchase. They serve as your guide, simplifying legal complexities while ensuring clear communication. Realtors can also connect you with real estate lawyers so that all aspects of your property transaction are understood and properly managed.

Ensure 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 fits perfectly to your needs.

Real Estate Agent versus a Buyer's Agent

Having the services of a good real estate agent in Portugal is a valuable asset, but you should know that 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, 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.

As you now know the difference between a buyer’s agent and a real estate agent, we can confidently say that working with a buyer’s agent like Goldcrest can save you time and hassle in your property search and help you successfully navigate the real estate market.

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. As your real estate partners based in Lisbon, Porto, and the Algarve, we strive to find the ideal property or perfect investment opportunity for each of our clients and serve as a one-stop shop to ensure all your real estate questions are answered.  

Our experienced team of real estate partners works diligently to ensure the correct steps have been carried out, conducting a thorough market analysis and safeguarding you from poor property investments.  

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, providing you with access to an exclusive list of properties and investment routes. 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.