The Algarve is a popular choice for a holiday home and also offers a solid property investment. With more and more tourists visiting Portugal each year, renting your Algarve property to cover the annual costs of owning a holiday home is an attractive option.
CLICK HERE to read Part 1, detailing the advantages of investing in the Algarve.
Why the Algarve? It offers many advantages. With plenty of airports and low cost airlines offering flights to Algarve's Faro International Airport, and flight times not more than a few hours from most of Western Europe, the Algarve is easily accessible. Voted one of 2018's most peaceful countries in the world Portugal has one of the lowest population to land densities in Europe. The strict planning regulations secure the natural beauty of the sandy beaches, open countryside and forests. This in turn limits the supply of new properties, keeping the demand of property for sale high!
Building from scratch or renovating an existing Portuguese property is a popular way of acquiring exactly what you need. There are many rules and regulations to consider so it is essential to consult a professional before embarking on any building project here in the Algarve.
As Brexit continues to dominate the news, it also continues to feed our market with keen investors. Not only across our residential property market at all price ranges but also large investors and funds are keen to invest in local hotel and residential developments. All of our ambitious sales targets have been achieved and now passed. What a year it has been.
ILM collaborated with twelve leading Eastern Algarve real estate agencies in undertaking the survey, to providing the market with key market intelligence and understanding.
This month's selection of new listings and interesting properties for you, from each of the areas we cover: Silves, Lagoa, Alvor, Lagos and west Algarve.
Situated on elevated ground within a huge plot of almost 53,000m2, this stunning Quinta is superbly constructed, beautifully finished and professionally appointed throughout.
With distant views to the coast across rolling countryside, the property makes the very best of its location.
Larga Vista is an international community situated within a flat, semi-rural landscape surrounded by orange groves. Most of the development within the area is of large private villas for permanent residency, each situated within large, mature plots.
This delightful bungalow is set within a plot of 5000m2 and is surrounded by landscaped grounds with shaded seating areas, winding pathways, sheltered dining areas and a large saltwater pool.
