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Portugal

Residential property in the Algarve

After several testing years the Algarve is back on the radar of second home buyers. Realistic pricing, the availability of cheap finance, strong investment in infrastructure and tax initiatives have led to renewed confidence.

The Algarve inspires a special affection for second home buyers. It is a place where many spent childhood holidays, where their parents’ owned a holiday home and they now want to invest for themselves and future generations.

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Areas in the Algarve

Central Algarve Western Algarve Eastern Algarve

As Portugal recovers from the financial crisis, however – one that saw the country among the hardest hit in Europe and the Algarve’s property prices fall by up to 50% – the traditional, prime locations of central and western Algarve rule once more.

Along the Algarve coast, where we focus all of our Portuguese activity, resorts such as Quinta do Lago and Vale do Lobo command a premium over nearby off-resort properties – there is a cachet to buying there, and rental demand is higher, because of their excellent locations, sports and lifestyle offerings. Such resorts also offer a sense of security, which is a key issue for buyers now.

The Algarve’s west coast – the huge, untouched surfing beaches, farmhouses on large plots in the hills – is attracting buyers seeking escapism; those who may find the central Algarve’s resorts too busy for their tastes.

After a period in which the cranes stopped and barely anything over €1m sold, buyers are investing in the Algarve again. They are buying, extending and improving. Increased liquidity is returning with the good quality stock selling quickly and sensible pricing after years on the market.

 

Why buy through Knight Frank’s Global Network?

The London team works closely with two local experts in the central and western Algarve, who have been carefully selected for their integrity, experience and professionalism.

Combining our knowledge of the international market with our associate’s excellent local knowledge, we ensure that our clients have access to a full range of services, while making the buying or selling process as enjoyable and stress free as possible. No matter how complex your requirements our London office will be happy to assist.

Begin your property search now or contact one of our Algarve property experts for a more detailed discussion of your requirements.

 

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