Our best articles about Algarve and Portugal
Algarve is one of the most developed tourist regions of Portugal. Real estate in the Algarve is popular with foreigners because it has a wonderful warm climate and low cost of living. In 2015, the Algarve was recognized as the best place in the world for retirement. The local cuisine is very healthy, the locals eat more freshly caught fish than anywhere else in Europe. Due to the lack of industry and good ecology, organic products are grown and served in the Algarve.
Algarve's real estate market was the first in the country to recover from the crisis. According to forecasts of leading real estate companies, housing prices in the Algarve will grow annually at 4.5% in the next 5 years. Traditionally, the main foreign buyers in the Algarve real estate market were the British, but the possibility of obtaining a "Golden Visa" additionally attracted citizens of France, China, and the USA to the region.
The most popular resorts of the Algarve are Albufeira, Portimao, Faro, Lagos. Real estate in the Algarve costs an average of 2.5 thousand euros / square meter, you can buy luxury apartments and villas in modern residential complexes at prices ranging from 4.5 to 7.5 thousand euros / square meter.