This website uses cookies to ensure you get the best experience on our website   More info

Property Search

5 Reasons to buy a property in Algarve

buy a property in algarve,portuguese property,high rental returns

5 Reasons to buy a property in Algarve

Portuguese property values have been static or falling for the past 6 years, but there is plenty of evidence to suggest that the cyclical downturn is coming to an end. Here are 5 reasons why now is the best time in 25 years to buy a property in Algarve:

 

1. Great tax incentives – the Portuguese want your investment – with options available such as the Non-habitual residents scheme and The Golden Visa scheme;


2. 7 years ago, when exchange rates were last this high, property prices were between 30-50% higher than they are now. Savings like this could mean you ideal property is now within your budget;


3. Mortgage lending is increasing as banks become more open to providing mortgages to those looking to a second home in the sun;


4. The latest survey from RICSW/CI suggest property prices will rise by 2% in the next year.  Buy now before prices start to rise;


5. The pound to euro exchange rate is at the highest level for 7 years. UK buyers spending power has increased by 25% since 2012.


... and of course not forgetting:

1. The sunshine;

2. Easy Travelling;

3. Low Prices for High Quality Properties;

4. High Rental Returns;

5. Beautiful places to visit;

6. Super cuisine;

7. Low cost of living.