Updated: November 21, 2023
Portugal’s Algarve region is the ideal holiday destination for many. The country’s dazzling southern coastline consists of golden beaches, hidden sea caves, staggering cliffs, and picturesque fishing towns. It is also home to a variety of fantastic villas. From luxury and modern to traditional, the types of villas for sale in the Algarve, Portugal, are sure to deliver a range of perfect properties to suit your requirements.
The region’s capital city, Faro, is popular with expats and tourists. The city’s central location and international airport make travel easy, while its dreamy beaches, rich history, and typical cobbled streets keep visitors coming back for more. If life in a busy city is not for you, the Algarve has plenty of other fantastic areas to find villas for sale.
Some of the main towns and cities to search for property include Albufeira, known for its lively and energetic nightlife, and Portimão, famous for being home to the popular beach Praia da Rocha. Lagos offers a more tranquil experience than the region’s bustling resort towns, and Tavira offers everything from captivating wildlife to historic castles.
If you’re interested in Algarve homes on the water, visit our guide: Beachfront Property for Sale in the Algarve.
How much does a villa in the Algarve cost?
Portugal is a politically and economically stable country with diverse landscapes and environments. Owning a property here, particularly in the Algarve region, could mean a life of tranquility, breathtaking views, delicious cuisine, and welcoming culture.
By now, you’re likely wondering about the cost of villas for sale in Algarve, Portugal. So, let’s take a look.
As of October 2022, the average price of property for sale in the Algarve was €3,900 per square meter. São Brás De Alportel and Portimão are two of the cheapest areas in the region, with the average price per square meter sitting at €2,400 and €2,600, respectively. Life in these areas would be unhurried and peaceful, surrounded by friendly locals.
Quinta do Lago is one of the most expensive areas in the region, with property prices averaging €8,000 per square meter. This exclusive resort offers a variety of amenities, such as world-class golf courses and professional sporting facilities, a beautiful selection of restaurants, and unique entertainment opportunities.
Areas that fit in the middle of the range in terms of price include Olhão, Alvor, and Aljezur, where properties for sale are about €3,300, €3,400, and €3,600 per square meter, respectively.
The above details are taken from Tagus Property.
You can read more in our article: Villa in Portugal.
As you may expect, the cost of a villa in Algarve, Portugal, will vary based on a number of factors. It is important, therefore, to establish what you are looking for, your budget, and the kind of area you want before starting your search. Some things to consider include whether you want a brand new villa with amenities like a swimming pool or garden space, a more traditional style villa that exudes some of the area’s history, or a repossessed villa for sale at a bargain price.
Once you have a clear idea of what kind of property you are looking for, you can choose to enlist the service of a real estate agent or buyer’s agent. Information provided by them will be up-to-date, and they will use their expertise to find the best villas for sale in Algarve, Portugal, that suit your specific requirements.
Make sure to research a company before deciding to use its services. Look for feedback and reviews from former clients where their services are deemed reliable, and don’t hesitate to ask the company about a prior sale or its experience with foreign buyers.
Once you have found a few options for your new home, you could attend open houses to view them in person or, in some cases, arrange virtual viewings to assess whether they are right for you.
You can read more about the region’s real estate market in our article: Algarve Real Estate Portugal: An Overview.
Goldcrest: Who we are and how we can help you
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 the perfect home 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 built 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.
Contact us now, and let us help you find your dream villas for sale in Algarve, Portugal.
Frequently Asked Questions about Villas for Sale in Algarve, Portugal
1. Where is the cheapest place to buy a villa in the Algarve?
São Brás De Alportel is one of the most affordable places to buy Algarve property, and if you are careful with your selection, Tavira remains one of the best low-cost areas to purchase property in the region. Other affordable areas include Monte Gordo, Olhão, Quarteira, and Portimão.
2. Is the Algarve a good place to buy a villa?
Many consider the Algarve to be a good place to buy a villa. The property market is stable, and the price of property has continued to rise over the years without becoming unaffordable. The region has one of the highest sunshine rates in Europe and is an extremely popular destination among tourists.
The Algarve also has many interesting areas to visit, such as the thermal baths of Caldas de Monchique in the Serra de Monchique valley.