Updated: February 12, 2025
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.
Exploring the Real Estate Market in Algarve, Portugal
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.
Property Prices in Algarve, Portugal
Potential buyers will have access to a great selection of residential properties and commercial properties in the Algarve. Particularly in the central Algarve, you will find luxury properties that come with features like a private pool, roof terrace, and amenities with high levels of luxury. You can find excellent properties located in the Golden Triangle of Quinta do Lago, Vale do Lobo, and Vilamoura, which have been a top choice for many years.
Located in the Western Algarve, you have Lagos Algarve real estate, which is also an in-demand location and 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 Lagos Algarve real estate, 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 and natural light – 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.
Municipality | Average asking price (€/m2) |
Albufeira | €4,176 |
Alcoutim | €1,780 |
Aljezur | €4,302 |
Castro Marim | €5,263 |
Faro | €3,701 |
Lagoa | €4,995 |
Lagos | €5,066 |
Loulé | €5,672 |
Monchique | €2,381 |
Olhão | €3,716 |
Portimão | €3,272 |
São Brás de Alportel | €2,657 |
Silves | €3,600 |
Tavira | €3,600 |
Vila do Bispo | €4,127 |
Vila Real de Santo António | €3,840 |
Why do you need a real estate agent?
Knowing how to buy Algarve real estate in Portugal is not simple, and the process will involve a lot of research, especially if you’re living abroad.
The real estate industry in the Algarve has evolved in the last couple of decades, and real estate professionals can help you secure a dream property that matches your budget.
There are a number of boutique real estate firms in the Algarve with professionals who can cater to each client’s unique property needs. Here are some of the main benefits of working with a real estate agent in Algarve:
Market expertise
Dealing with a top real estate agent in the Algarve or even a more focused area, like a real estate agent in Tavira, will cost you a little bit more upfront than handling it yourself, but it will grant you greater efficiency and high-quality professional service if you get an experienced team of experts.
You will also likely save money in the long run, as you will be avoiding potential pitfalls that could cost you financially. With the help of a real estate agency and working with top-rated realtors in the Algarve, you will benefit from their local knowledge and advice.
Personalized property matching
A real estate agency or buyer’s agent with extensive experience in the Algarve will have an updated database of the property market. Because the Portuguese property market is fragmented and there is no one place to view all properties for sale, this broader database will give you access to exclusive properties and in-person viewings.
Plus, if you’re planning to buy a property and rent it out, many real estate professional services will save you a lot of hassle, assisting you with finding the perfect property for investment, in addition to finding rental clients and assistance with property management services. Algarve real estate agents will provide you with a list of eligible properties in the area based on your requirements and provide assistance with the negotiation stage.
Navigating legal and financial processes
Real estate services generally include real estate legal advice in the Algarve. The Algarve property agents you choose to work with will be your trusted go-to throughout the buying process, helping you make an informed decision on the best investment option for you.
Services should include assistance with the legal paperwork and financial transactions related to your property and more, including assistance with:
- Liaising with your Portugal real estate lawyers, the seller, etc. If you do not yet have a trusted real estate lawyer on your side, they will also be able to recommend one.
- Guiding you through property checks and paperwork alongside your lawyer, to ensure there is no debt attached to the property and that it was built legally.
- Guiding you through background checks on the seller alongside your lawyer to ensure the owner has the right to sell.
- Informing you of any property restrictions.
How to Find the Best Real Estate Agent in Algarve, Portugal
The process of finding the proper Algarve home may require a lot of searching and can 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.
Identify 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 “real estate agents in Algarve Portugal” 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.
Another great way to come across potential property partners 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.
How to evaluate potential property partners
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 clients that 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 company that fits perfectly to your needs.
Criteria | Evaluation |
Language Proficiency | Do they speak English? |
Experience with International Buyers | Can they provide project data proving experience? |
Property Market Insight | Do they have an exceptional understanding of the Portuguese real estate market to provide expert investment advice and services? |
Focus on Real Estate in Portugal | Is their service focused on real estate in Portugal? |
Track Record of Excellence and Communication | Do they maintain contact and have a track record of excellence? |
Business Credentials | Do they have business credentials to share with clients? |
AMI License Number | Do they have an AMI license number? |
Alignment of Company Values | Do their company values align with your interests? |
The Difference between Real Estate Agents and Buyer’s Agents
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.
An experienced team of buyer’s agents, such as Goldcrest, works 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 real estate partners like 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 best price for the property. Take a look at the comprehensive guideline below showcasing each option’s advantages and potential drawbacks.
Factors | Real Estate Agent | Buyer's Agent |
Work Scope | Facilitates transactions for various parties | Exclusively works for the buyer throughout the process |
Search & Selection Assistance | May present options, but not solely focused on buyer's needs | Focuses on finding options that suit the buyer best |
Representation | Represents the seller's interests primarily | Solely represents the buyer's interests |
Conducting Legal Checks | May overlook some legal checks for buyer's benefit | Ensures thorough legal checks for buyer's protection |
Language Assistance | Language proficiency may vary | Proficient in the buyer's language |
Negotiation | Represents seller's interests in negotiation | Negotiates exclusively for buyer's benefit |
Documentation Handling | May not prioritize all necessary documentation | Ensures all required documentation is in order |
Time and Cost Savings | May not optimize for time and cost efficiency | Saves time and money by focusing on buyer's needs |
Commission | Earns higher commission for higher sale prices | Does not earn based on sale price, focused on buyer |
Goldcrest: Who We Are and How Can We Help You
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 now, and let’s kickstart the process to help you find what you are looking for.
Frequently Asked Questions about Finding a Real Estate Agent in Algarve
What does a real estate agent do?
Real estate agents in the Algarve provide insights and knowledge about property purchases in the region. These professionals can help clients secure the best deals, bridge language barriers, and negotiate prices. Note that real estate agents in Algarve, Portugal, will work on behalf of the seller and secure a higher commission for a higher sale.
This is why working with real estate partners like a buyer’s agent can be the best course of action. They work solely on behalf of the buyer, ensuring you find the best property at the right price.
What is the most credible real estate agent license?
The most credible real estate license is the AMI license issued by IMPIC. This license enables real estate agents to lawfully conduct business in Portugal.
How to verify an agent's credentials?
Verifying a real estate agent’s credentials involves visiting the IMPIC website and checking out an AMI number link. Input the number and review the results. When you see the confirmation of registration for the real estate agency and the license numbers, you will be sure that their services are verified.
Are the house prices falling in the Algarve?
Although not uniform across the Algarve, property prices are generally rising across the region. According to data from Property Market-Index, property prices in Central Algarve saw increases of up to 10.9 percent in 2024.
Is buying property in the Algarve a good investment?
Yes, buying property in the Algarve is an excellent investment. The Algarve region is a popular choice for a holiday home and also offers an excellent property investment opportunity. With many property types, you should be able to find your ideal property in the region. With plenty of airlines offering flights to Algarve’s Faro International Airport and flight times of just a few hours from most of Europe, the Algarve is easily accessible.
Where is the best value property in the Algarve?
The best places to buy and invest in real estate in the Algarve area are: Quinta do Lago, Vilamoura, Vale do Lobo, Loule, Albufeira, Almancil, Quarteira, Alvor, Portimao, Lagos, Carvoeiro, Vila do Bispo, Tavira, and Olhão.
Real estate partners like a real estate or buyer’s agent, such as Goldcrest, who possesses in-depth knowledge and local insights, will be able to discuss the best investment opportunities in the Algarve depending on your specific situation.
Is Albufeira a good investment?
There are many investment opportunities in the Algarve, and Albufeira is certainly a good location to consider. Albufeira, in the Central Algarve, is known for its beautiful beaches, old town, and golf courses, and is one of the most popular locations in southern Europe for tourists.
Where is the best place to buy property in the Algarve?
The best place to buy property in the Algarve will depend on what you are looking for. The Central Algarve is perhaps the most popular, where you’ll find the famous Golden Triangle of Quinta do Lago, Vale do Lobo, and Vilamoura, where you’ll find an array of luxury properties with amenities like a private pool or roof terrace with tons of natural light. The cities of Lagos, Albufeira, Portimão, and Faro are also good options to consider and quite popular among expats.
How to find the best real estate agent in Algarve?
To find the best real estate agent in the Algarve, consider factors such as experience, local knowledge, client reviews, and specialization in your desired property type. Research online using search terms like “estate agents Algarve”, “realtors Algarve” or “Portugal estate agents Algarve”, making sure to read reviews and recommendations from locals or expats.
You can also ask your personal network for referrals. Once you’ve narrowed your search, schedule consultations to assess compatibility and their expertise.
Remember that real estate agents in Algarve, Portugal, will work on behalf of the seller and secure a higher commission for a higher sale. This is why working with a buyer’s agent like Goldcrest can be a better course of action. They work solely on behalf of the buyer, ensuring you find the best property at the right price.
What are the services offered by Algarve estate agents?
Algarve estate agents will have extensive experience offering a range of services, including property sales, rentals, property management, and legal assistance. They specialize in residential properties and commercial properties, providing comprehensive support to clients navigating the vibrant real estate market of the Algarve region.
Working with a real estate professional will provide you with insights into the local real estate market, helping you find your dream property.
What should I look for when choosing a real estate agent in Algarve?
Look for a licensed real estate agent in the Algarve with solid local market knowledge, positive client testimonials, and proven experience working with clients in a similar situation to your own. Ensure they have strong communication skills and a good understanding of your specific property needs.
What are the benefits of using a local real estate agent in Algarve?
Using a local real estate agent in Algarve ensures access to in-depth market knowledge, personalized professional service, and expertise in navigating local regulations. They offer valuable insights into neighborhoods, property values, and can leverage local networks for better deals.
Bear in mind that real estate agents in Portugal work on behalf of the seller and will get a higher commission for a higher sale. To protect your interests, consider working with real estate partners like a buyer’s agent, who will work solely on behalf of you, the buyer.
Can a real estate agent in Algarve help with property management?
Yes, many real estate agents in Algarve offer property management services. These services can include tenant screening, maintenance coordination, property inspections, and handling legal and financial matters related to the property.
What should I expect during the first meeting with a real estate agent in Algarve?
During the first meeting with a real estate agent in Algarve, expect to discuss your property needs, budget, and preferred locations. The agent will explain their services, market conditions, and outline a strategy for finding your ideal property.
How to find a realtor in Portugal?
To find a realtor in Portugal, consider factors such as experience, local knowledge, client reviews, and specialization in your desired property type. Research online, making sure to read reviews and recommendations from locals or expats. You can also ask your personal network of family and friends for referrals. Once you’ve narrowed your search, schedule consultations to assess compatibility and their expertise.
It’s also important to note that real estate agents in Portugal will work on behalf of the seller and secure a higher commission for a higher sale. This is why working with a buyer’s agent who works solely on your behalf might be a better strategy.
Where do most American expats live in Algarve Portugal?
Coastal towns like Lagos, Albufeira, and Vilamoura are most popular among expats in the Algarve. You will also find many expats in the capital, Faro, as well as Tavira and Portimão. Each area has its own unique appeal, but most Americans moving to the Algarve choose spots with modern conveniences, international communities, and easy access to beaches and outdoor activities.
How much does a real estate agent earn in Portugal?
In Portugal, real estate agents typically earn between €18,000 and €40,000 per year, depending on experience and the services they provide.
Can foreigners buy property in Algarve?
Yes, foreigners can buy property in the Algarve without restrictions. Portugal has one of the most open real estate markets in Europe, allowing non-residents to purchase houses, apartments, or investment properties in the same way that residents are able to.
Many expats choose the Algarve for its beautiful coastline, warm climate, and strong rental market, making it a great option for both living and investing.