Just 12 countries made it onto the UK’s green list, under the newly implemented traffic light system for foreign travel. Portugal, which is under three hours’ flight from the UK, is one of the most easily accessible and holiday bookings to the Iberian country surged in the wake of the green list announcement. Ryanair released an extra 175,000 seats on its routes between the UK and Portugal over the summer months. Jet2, meanwhile, reported a 1,300% week-on-week rise in reservations for holidays.
For those looking for something more than a fortnight in the sun, Portugal is a superb choice for second home ownership. Property there provides excellent value for money compared to that in the UK and the cost of living is, on average, 27.51% lower than in United Kingdom according to Numbeo. The Post Office’s annual Holiday Costs Barometer places Portugal’s Algarve region as the third best value location of anywhere in Europe.
So, what can you get for your money in Portugal when it comes to buying a holiday home?
Buyers with around €150,000 to spend would do well to look at the cheaper, quieter eastern end of the Algarve. The former fishing village of Cabanas de Tavira provides superb value for money, with one-bedroom apartments at Formosa Bay available from €149,000 through Ideal Homes International. The homes overlook the wide, pretty river, backed by sand dunes with the ocean beyond. Locals ferry visitors across the river to the beach by boat, while a host of restaurants and bars provide a welcoming feast for those returning after a long day of lazing on the sand.
For €285,000, in the sun-kissed area of Silves in the central Algarve, buyers can pick up a contemporary, two-bedroom apartment at Amendoeira Golf Resort. Set within 270 hectares of beautifully landscaped gardens and golf facilities, the apartments offer exceptional interior design and access to all modern amenities. Golf, tennis, football, gym facilities and communal pools are all available on-site, along with a stunning new clubhouse, reception, restaurant and sports bar. Maid and laundry services are also available.
Buyers with a more extensive budget can pick up a villa at Amendoeira, which is owned and operated by Kronos Homes, for €490,000. The three-bedroom villas come with their own pool for an added touch of luxury.
Those seeking proximity to the sea, meanwhile, will be well served by Central Vilamoura, a luxury, gated condominium of 41 homes just a five-minute walk from Vilamoura’s award-winning marina and beaches. Available in two-, three- and four-bedroom layouts, the homes are flooded with light, with the two-bedroom townhouses featuring living rooms with double-height windows and gallery. Prices start from €640,000.
Buyers looking for city life, meanwhile, will find everything they could wish for in Lisbon. Portugal’s capital offers an eclectic mix of neighbourhoods and vibes. This brand new apartment in the centre, neighbouring the residential area of Principe Real, is priced at €700,500. Available through Ideal Homes International, the two-bedroom/two-bathroom home will provide the buyer with easy access to some of Lisbon’s most famous areas, including the vibrant Bairro Alto and the popular Avenida da Liberdade.
With so much space available, there are also plenty of options for buying land and building your own home in Portugal. In the Algarve, the stunning Palmares Ocean Living & Golf resort allows buyers to buy plots of land and build their own home, with an indicative construction cost of €1.3 million. The resort sits in a natural amphitheatre, with spectacular sea views over the Alvor estuary.
The master-planned community has strict construction parameters, ensuring that every home can enjoy sea views. The low density of construction, at 5.7%, creates a harmonious flow between the homes, the ocean and the outstanding golf facilities. With a 27-hole golf course and an array of sports and leisure facilities, Palmares provides an exceptional environment for families looking to enjoy the Algarve in style. Homeowners also benefit from access to the brand new, spectacular Clubhouse, designed by Pritzker Award-winning RCR Arquitectes and home to Michelin-starred Executive Chef Louis Anjos.
For full details of Amendoeira Golf Resort, please email realestate@amendoeiraresort.com, call (+351) 282 320 820 or visit https://www.amendoeiraresort.com/en/
For more information, please visit www.idealhomesinternational.com, email enquiries@idealhomesinternational.com or call 0800 133 7644.
For more information, please call +351 914 071 129 or visit www.vilamouraworld.com
For more information about Palmares Ocean Living & Golf, please email realestate@palmaresresort.com, call (+351) 917 766 932 or visit https://palmaresliving.com/
