Luxury prices

PROPERTY IN the Algarve is more expensive than in the rest of the country according to research carried out by IRG-International Realty Group, an affiliate of Christie’s, and Prime Yeld Chartered Surveyors.

The survey analysed several regions in Portugal and concluded that in 2007 prices in the Algarve rose 18 per cent for apartments and 21 per cent for luxury condominiums.

The most expensive homes are located in the Golden Triangle, in Loulé district, while houses in Lagos, Monchique, Portimão and Vila do Bispo are cheaper.

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