There have been a lot of articles in the news recently about the status of the property market in the Algarve. Many media reports and estate agency newsletters are quoting large percentage increases in real estate prices, but they are frequently vague about area or type of property. Often statistics are quoted based on the advertised prices on certain local property portals, not the actual sales price.
Different segments of the market are improving at different rates, and while some areas in Portugal (including the Algarve) are seeing increases in sale price and volume of sales, others are not.