What would you like from your overseas property purchase? Perhaps you want the benefits of a relaxed southern European lifestyle? Maybe you would like to return on investment? Perhaps you want both, in which case the Algarve in southern Portugal could be the perfect destination. Golden beaches, championship golf courses and world-class resorts could all be within your grasp, in Western Europe. The best bit is that the Algarve property market is rising, allowing you to buy with the potential for a financial return in the future.
If you’re going to buy a pad on the Algarve, the next step is working on your viewing trip.
The Golden Triangle
The Golden Triangle is an area of prime real estate in central Algarve. This high-end appeal has created a rather elastic boundary. Quinta do Lago, Vale do Lobo, Almancil and Quarteira. If you have deep pockets you will be joining the likes of Jose Mourinho, Alan Shearer, Bonny Tyler and Duncan Bannatyne, who are protected from the hustle and bustle of everyday life in their multi-million-euro gated villas. If that lucrative football career eluded you, however, there are still plenty of options for budgets with fewer zeros.
This scenic fishing village has welcomed in the tourists, swapping tradition for a modern marina and lively bars. For property buyers, Albufeira ticks all the boxes. The old town with its pretty cobbled streets and Moorish influences provides a nod to its past, while the flashing lights that seek to enter into the bars and restaurants are a sign of the times. Impressive transport links enable residents and visitors to spend their days in Praia da Galé.
Lagos marks the western tip of the Algarve’s tourist heartland, which stretches from this sprawling town to Faro some 90 kilometers to the east. Old-world charm, contemporary apartment living, natural beauty and a pumping nightlife ensure it caters for property buyers of all tastes. The old town’s 16th-century walls, cobbled lanes, pretty piazzas and peculiar arches have been betrayed by the modern architectural efforts, helping to maintain their appeal. Some of the regions are within easy reach, together with the coves, wineries and rock stacks that punctuate the shoreline.
No longer the region’s best-kept secret; the eastern Algarve has emerged from the shadow of the tourist-loving central belt. A perfect example of this is Tavira; at riverside town steeped in history. Moorish castle, winding cobbled streets, quaint church squares, excellent shops, restaurants, bars and bustling daily market. Perhaps most important of all is the chance to live a truly relaxed lifestyle at a reasonable price. You’ll be getting $ 150,000 for a two-bedroom property around here, proving that the eastern Algarve provides a perfect combination of affordability and authenticity.
If you are ready to buy in Portugal download the Portugal Buying Guide
Why not split the cost and double the fun of owning a holiday in Portugal by buying with family or friends? Read our guide to Buying Abroad with Family
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