Thinking of buying property in the Algarve?
With year-round sunshine and a considerable British expat community it is also possible to see why many people are keen to invest in property in Portugal. Despite the economic unrest of recent years, the Algarve is still a big draw to Brits for holidays and permanent relocation.
Buying property in Portugal is more popular than ever with increasing numbers of people from the UK and Ireland in particular following their dream to purchase a holiday home, a buy to let property or to move lock, stock and barrel to the sunny Algarve coast. For a three bedroom villa in a town or busy village location in the Central Algarve you should expect to pay from around 425,000 euro. If you would prefer an apartment then you should be looking to spend along the lines of 250,000 euro.
Of course there are cheaper properties available throughout the Algarve, but these may not be in an ideal location or may need some work doing. If you have a larger budget there are also many luxury villas and apartments for sale.
We like the website algarvepropertyguides.com as a good introduction to property in the region and how to go about buying a property in Portugal. They are an established company with many years of experience and multilingual experts on hand to help with any questions. They also have links to all the specialist services you are likely need for your purchase: mortgage banks, surveyors, lawyers and builders amongst others.
There are plenty of websites aimed at those wanting to purchase properties in the Algarve such as algarveteamproperties.co.uk and algarveproperty.com. If you are thinking of relocating or investing in a property abroad, we suggest you start with them.