Algarve was in the spotlight last year as property investors searched for the best investment opportunities and we have no doubt that 2022 will continue to see demand grow for properties from savvy buyers. The choice of property largely depends on the financial strength of the investor as well as the goal of making the purchase.
Blessed with amazing weather, stunning beaches and picture perfect towns, the region remains popular with both holiday makers and property buyers.
Ideal Homes Portugal sold over 320 properties in 2021 and will continue to assist property buyers from all over the world search for their ideal property.
To help you narrow your search for that perfect property, Ideal Homes is highlighting 5 of the most popular areas to buy property.
Lagos, West Algarve
Currently a hotspot for investors. This history filled region, rich with fascinating details and stories, caters to beach lovers, golf fanatics and history buffs. With its history steeped in navigation and naval exploration, Lagos is still a thriving fishing industry with a beautiful marina area.
One of the most popular property choices in the area is located in the Santa Maria 2 development. A two bedroom apartment in the condominium is currently on the market for 455,000€. With luxury finishes throughout and close to the Marina, this apartment is a great investment option that will generate lucrative rental income.
Albufeira, Central Algarve
This is the largest tourist resort in the Algarve. Popular with tourism all year round due to the sheer variety of things to do, it is also popular with expats relocating to the Algarve with a large portion of the town population being non Portuguese.
Known for its beautiful beaches, old town, and golf courses, Albufeira really does have something for everyone.
A great investment choice in the area are the new two and three bedroom apartments situated in the contemporary condominium “Beach Garden Albufeira”. There will be a total of eighteen apartments with views of the Atlantic Ocean, which you can enjoy from the comfort of your own balcony or you can head on up to the roof terrace and relish in a stunning sunrise/sunset.
Prices currently range from 395,000 to 640,000€
Vilamoura, Central Algarve
This is the largest privately owned, purpose built sport and tourism resort in Europe. There is an award winning yacht marina and is a golfer’s paradise with 6 championship standard courses.
There are 2 beaches in Vilamoura, one either side of the marina, Vilamoura beach leads to Quarteira which is a 15 minute walk and Falesia beach, which is backed by red sandstone cliffs, goes to Açoteias and is a walk of around an hour and a half.
Currently on the market at 550,000€ is a stunning 2 bedroom apartment opposite the award winning Marina. Located at the Olympus Hotel with 360 degree views of Vilamoura, the Marina and the hills.
Within walking distance and close to all amenities, the Casino and the stunning beaches of Vilamoura. This apartment is located in a very popular and busy area and is ideal to generate lucrative rental income. If you chose to purchase as a holiday home or even to move into
Fuseta. East Algarve
This lovely little fishing village is situated just to the east of Faro. This is a traditional town with a fish market and local produce market just next to the quay. The beach in Fuseta is formed by an inlet in the nature reserve. There is also Fuseta island which is accessible by water taxi and has a lovely long stretch of ocean beach.
A new investment opportunity are these three bedroom townhouses located on the private condominium Bella Vista. They each come with their own individual swimming pools, large terraces and fantastic views of the Ria Formosa.
There are ten townhouses and are a great rental investment opportunity in the Algarve if you’re wanting to generate an income through holiday lets and are on the market at 450,000€.
Tavira, East Algarve
This is a very popular holiday destination that combines beautiful beaches and traditional Portuguese culture. Regarded as one of the most beautiful towns of the Algarve, you will find a unique mix of traditional architecture with Moorish influences. This historic town with its picturesque plazas and cobbled streets has everything you could desire for a great holiday.
“Portas do Sul” is a new investment in the area and has a variety of one, two and three bedrooms for sale. There are a total of 20 apartments available. Construction is expected to complete in May 2022 just in time for Summer 2022.
Prices currently range from 210,000 to 400,000€
Contact Ideal Homes Portugal on firstname.lastname@example.org or give them a call on +351 289 513 434.