Things To Know About Algarve Real Estate

Algarve is a popular place in Europe thanks to its location and the amenities it offers. Like most of Portugal, Algarve also has delicious cuisine and beautiful beaches. Besides all that, the cost of living is affordable in the region. 

Thanks to these benefits, tourists from all around the world visit Algarve. Some people even decide to buy Algarve real estate and settle here. The prices and types of properties are manifold. 

In this guide, you’ll find out more about Algarve property and region.

What To Know About The Algarve Region

Algarve is a region that is located south of Portugal, and its population is around 440,000. It’s located about 280 kilometers from Lisbon. The distance between Algarve and Faro Airport is around seven kilometers. 

The history of the Algarve also dates back to the Neolithic period. Such a history has left many artifacts behind. Some of them even date back to 7000 BC. Besides all, there are many castles and churches you can visit there. 

The cost of living in the Algarve is affordable enough, and you can see this through property for sale Algarve. This is one of the attractions that people buy property in this region. As a couple, you can live on around €900-€1,200 a month in Algarve. 

Algarve is also a favorite place for water sports and thermal baths. Kayaking, jet skiing, surfing, and swimming are the most popular water sports in this region. Spa and thalassotherapy are the common medicinal treatment in Algarve. So, people searching for such treatments buy villas in Algarve near these areas. Besides these, most of the year is sunny in Algarve. You may be surprised when you find that more than 300 days a year are sunny here. Because of this, the climate is mild, which is an attractive part of this destination.

Golf is another popular activity in Algarve. You can find golf courses here even if you’re a beginner. Lots of hotels also offer golf trips. Cruises are also held in some places like Lagos. In addition to cruises, trekking also makes people feel the natural landscape closer. 

About Algarve Property

In Algarve, you can find various property options including Algarve apartments for sale, villas, and townhouses. Getting help from a real estate agent will relieve you from the burden of finding the right property. An agent can find you a suitable property according to your budget. 

In the meantime, you need to make sure what type of property for sale Algarve you wish to buy. Also, decide on the size of your house and the location. You can find properties both in the city center and in the rural areas. When you clarify these questions, you’ll find a suitable property more easily. 

Property prices in Algarve go down when you move further away from the city center. Prices can also vary depending on the city. For example, in Faro, a property per square meter is around €2,170 in the city center. Similarly in Tavira, it’s €2,000. In Albufeira, it’s a bit more expensive, being €2,463 per square meter. In Lagos, it’s a lot more, being €3,021. 

Benefits of Buying Algarve Property

Property investment in Algarve can benefit you with high returns after years. You can also benefit from the Golden Visa program if you decide to buy property for sale Algarve. It will provide you with a residency permit in Portugal after you buy property in Portugal. In addition, you can bring your family members, too. Also, you get the right to visit Schengen states visa-free. You can apply for the program if you buy a property worth at least €280,000. 

So, even if you decide to live in the property or not, buying Algarve real estate benefits you in some way.

Don’t wait longer if this is one of your dreams, and start searching for Algarve properties today!