We have been living in the Albufeira region for several years and have made some wonderful encounters, both personal and professional.
We have bought 3 apartments and sold 1.
Our last acquisition: 1 magnificent Penthouse on the heights of Albufeira
Why invest in the Algarve ?
There are several reasons why people may choose to invest in the Algarve, Portugal. First, the Algarve is a popular coastal region for tourists, which can make real estate investments profitable. In addition, the cost of living in the Algarve is generally lower than in other tourist regions of Europe, which can make buying property affordable for foreign investors. The region also offers a pleasant year-round climate, beautiful beaches and a rich culture, making it an attractive vacation destination. Finally, as of 2021, the Algarve is considered one of the most attractive regions for foreign investors and secondary residents.
There are several options for investing in the Algarve :
Real Estate: The Algarve is a popular tourist destination, so there is a high demand for vacation properties. Investing in the purchase of an apartment or house for seasonal rental can be profitable. (about 10-15%)
Tourism: Investing in a tourism business such as a hotel, travel agency or leisure activity can also be profitable (about 4-5%).
Agriculture: The Algarve is rich in farmland, and investing in agriculture can be a good choice for those looking to invest in a stable sector.
Retirement Residences: The Algarve attracts many retirees, and investing in a retirement residence may be a good idea for those looking to invest in a growing sector..
There has been a significant increase in real estate investment in the Algarve region in recent years. Foreign buyers represent about 70% of the real estate buyers in the region, with the British, Germans and Dutch representing the main foreign buyer groups. Domestic buyers are mainly Portuguese citizens from the Lisbon and Porto area.
The most popular properties for real estate investors in the Algarve are vacation apartments and villas, especially in coastal areas such as Albufeira, Lagos and Vilamoura. Investors are attracted by the relatively low property prices in the region, as well as the beautiful beaches, warm climate and abundant recreational activities.
Real estate prices in the Algarve have increased in recent years, but are still lower than in popular destinations such as France and Spain. Prices rose by an average of 2.5% in 2018, and experts predict stable price growth in the future.
There is a high rental demand for vacation properties in the Algarve, especially during the peak summer season. Owners can rent out their property for short or long periods of time, generating a stable rental income.
In summary, the Algarve is a popular destination for real estate investors because of its beautiful beaches, warm climate and abundant recreational activities. Real estate prices remain relatively low compared to other popular destinations in Europe, and there is strong rental demand for vacation properties. However, it is important to note that there are risks associated with any real estate investment and it is recommended to do thorough research before making a purchasing decision.
We still have other projects to come...
Our adventure in Portugal would not have been the same, without the meeting of real professionals (who became friends)
Manuella Fonseca (estate agent) lives in Sao Martinho do Porto (north of Lisbon)
Tél +351 919 419 024
Olivier Pinto (estate agent) lives in Albufeira
Tél +351 964 875 125 Email o.pinto@aportuguesaimobiliaria.com
Orlando Almeida (architect & concierge)
Tél +351 910 024 246 Email : iconcept.albufeira@gmail.com
Christelle Gonçalves (real estate and installation)
Tel +351 924 417 887 or +33 6 20 88 20 05 Email : gchristelle911@gmail.com
Do not hesitate to contact them (ideally by WhatsApp) for your projects,
on behalf of Pascale and Philippe
Not to mention many friends, with whom we share our experiences
(list in alphabetical order so as not to offend anyone!!!)
Atipico restaurant (Emilie and Bruno)
Celeste and Paulo (building contractor)
Christelle and Vincent Savanah bar & bistro (Carlos and Virgine)
The list of our contacts will be updated regularly as we meet new people.
If you have any particular requests concerning a future investment, or work, etc., do not hesitate to send us a short e-mail rentalbufeira@orange.fr
We will do our best to inform you or give you the right contacts.