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It is said that around 20% of all Algarve residents are British, and it is certainly the most popular holiday destination for all tourists – around half of those who visit Portugal stay in the Algarve. The average sunshine rate is around 8.6 hours a day, and there is a very good all-round climate. The further south you head in Portugal, the hotter the summers and more temperate the winters – and you can go no further than south that the Algarve.

The constant strong demand in this area means that it is a relatively expensive area, with rising property prices. There is potential for year-round rental income, thanks to the climate and the strict planning regulations that have ensured the Algarve is relatively unspoilt compared to other top European tourist destinations – some coastal areas in Spain for example.

Algarve is also very popular with international golfers, thanks to the prestigious ‘golden triangle’ of three top-notch gold course resorts: Qunita do Lobo, Vale do Lobo and Vila Sol. This also means that are a growing number of £1-million-plus villas, and has also had a positive effect on the rental market. Well-established holiday resorts, such as Vilamoura and Albufeira, are well-known for its fantastic beaches and a variety of property options and prices are also rising in the eastern part of the region.

Despite this, you will still be able to find many properties, even in the centre of the region, for under £80,000 – if you head further west towards Lagos or east towards Tavira, you will find more opportunities. Indeed, just a few miles inland you can find lower cost properties that are just as nice, and within a very manageable distance from the sea.

The Algarve cost is easily accessible thanks to the A22 motorway, which runs along the entire coast. Towns of note include Portimao, Lagos and Faro, and famous resorts such as Vale do Lobo are known for their gated communities close to all necessary local amenities, such as shops, schools, the beach and of course the golf course!


Further reading for Buying In Portugal

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Viewing Guide

Finding the right property can be a challenge. What do you need to think about early on?
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Hidden Costs

The price of the property as listed is never the price that you will end up paying. There are a host of other costs.
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Legal Matters

Buying a property in Portugal has very different legal requirements to the UK.
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Currency Zone

Did you know that you could save thousands of pounds when emigrating by using a currency specialist?
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