Now’s the moment to buy your house in the Algarve!
Along with the economic crisis, the Portuguese property market has registered a steady decline in prices, and although the situation seems to have taken a slight turn for the better as of 2014, the quotes remain lower than in other Mediterranean countries, so now’s the moment to buy your house in the Algarve!
Seize the moment and buy your beautiful white-washed villa by the shores of the Atlantic Ocean. The beautiful Algarve has been a very well loved tourist destination for all of those wishing to escape the cold or stress of their home countries, as thousands of tourists flood its coasts every summer and many even come here to stay.
Though a renowned tourist destination, due to the seaside, the attractions, the festivals and golf tournaments, Algarve remains a relatively accessible destination for your average Western traveller, with homes here being over 30% cheaper than in the UK.
As Portugal has gone through political and economic turmoil since 2008, this has proven to be rather profitable for those in search of a holiday house in an exotic place – or maybe a place to retire just listening to the gentle waves of the sea after a lifetime of working from 9 to 5.
To give just a few examples, for under 100.000 Euro you may buy a 3 room country house near Aveiro and for a bit over 150.000 Euro you can buy a 2 room apartment in the higher ranking Quarteira.
The prices for real estate are likely to increase, so our advice is to be on the look out for the greatest bargains soon. Algarve is an amazing place for entertainment, with its great cities of Lagos, Lagoa, Portimao, Albufeira, Luz and many others, providing both enterainment and quiet respite from the havoc of everyday life. So let us restate our invitation: if you have money to spend, now’s the moment to buy your house in the Algarve!
