Albufeira is a seaside resort in the south of Portugal
Albufeira is a city located in southern Portugal that is part of the municipality of the same name and the district of Faro. The population of the municipality of Albufeira is 41,000 people.
The closest airport to Albufeira is located in Faro, 30 km off the municipality. Albufeira has a good transportation infrastructure. Newly-built highways connect Albufeira with Lisbon, Porto and other big cities, while numerous buses and trains stop at the stations of Albufeira. The renovation of the roads was among the key factors that helped Algarve get out of the crisis in 2008. Consequently, the tourism sector evolved, and Algarve became one of the most economically developed regions of Portugal. Because of the great infrastructure, investors buy homes in the suburbs of Albufeira and closest villages without the risk of being sealed off from the rest of the world.
Albufeira is famous for its beaches and ancient architecture
Albufeira is a port city where most local citizens used to be involved in fishing. It is not known for sure when Albufeira was established, but the excavations show that it was the trade and agricultural center even in the times of the Roman Empire. Nowadays, most of the locals work in the tourism sector. Foreigners rent houses in Albufeira because they want to see the ancient architecture of the Old Town, try tasty and inexpensive local cuisine and swim in the Atlantic ocean. In Albufeira’s neighbourhoods one can find an ancient Moorish castle, a national park and plenty of beaches, including the wild ones for those who find the city beach overcrowded.
Investors can get a Golden Visa for buying a home in Albufeira
Property prices for houses in Albufeira start from €180,000, although there is the biggest range of choice for investors with more than €300,000. There are often a spacious terrace, a swimming pool and a garden that are included in the cost of houses in Albufeira. Many villas in Albufeira have panoramic ocean views. Besides, non-EU citizens can obtain a special residence permit (or a Golden Visa) for buying property for more than €500,000.