Elvira Gracheva
Head of Sales Tranio Europe
Sourcing prime properties to match your goals, negotiating exclusive terms, delivering an independent investment analysis.
Residence permit in Portugal: digital nomad, financial independence, «golden visa»
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Elvira Gracheva
Head of Sales Tranio Europe
Sourcing prime properties to match your goals, negotiating exclusive terms, delivering an independent investment analysis.
Algarve is the southernmost region of Portugal. It is also the wealthiest one, after Lisbon. Algarve’s economy is strong because of its popularity among tourists. In fact, it is the second most visited place in Portugal, again after Lisbon. The real estate sector is at the peak because houses and villas in Algarve attract both foreign and Portuguese visitors. Villas in Algarve are in high demand all year round as the average temperature is 16–22 °С even in winter. In 2016 the region was recognised as the best place in the world for retirement, which spurred the popularity of Algarve.
The clean beaches of Algarve and mild climate are the key factors for people who buy villas in Algarve. One can also find national parks and reserves in Algarve where tourists and locals go hiking or for long walks. The biggest natural park in the region is Ria Formosa which is also the name of the lagoon and a system of barrier islands in Algarve. Sports enthusiasts, however, look for houses for sale near tennis courts and golf courses, of which Algarve is also famous for.
Many of the tourist sites in Algarve have come about as a result of British investment. Historically, Portugal and the UK had always had strong diplomatic relations, and nowadays, British tourists prevail among visitors from other countries. Foreign tourists who often vacate in Portugal, sometimes buy their own homes and villas in Algarve.
The capital of the region is an ancient city of Faro with a population of 118,000 people.There is an international airport in Faro with direct flights to many countries. There is also a railway station that connects Faro with Portugal’s biggest cities. One can find villas and houses for sale in Faro, Algarve with prices starting from €200,000. However, a wider range of choice of houses in Algarve starts from €350,000. Other cities in Algarve with plenty of houses for sale are Albufeira, Lagos, Lagoa, and Portimao.
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