Where to find Houses and Villas for sale in the Algarve

2021.03.27

Bordering Spain on the Iberian Peninsula, Portugal is renowned for its idyllic beaches, maritime heritage, fresh seafood, and charming architecture. These enticing characteristics, along with a more affordable cost of living than its southern European counterparts, have helped make Portugal the destination of choice for those seeking a holiday home or a property investment.

Most people looking to buy property in Portugal are inevitably drawn towards its expansive coastal regions, in particular those around the famous Algarve region and the nation’s vibrant capital city of Lisbon. With its world class golf resorts, the Algarve in particular has become a haven for expats and holiday home owners seeking a change of scenery, while Libson’s tranquil neighbourhoods that stretch into the rugged hills are dotted with quaint villas for sale.

For anyone wanting to purchase property in Portugal, the good news is that there are no restrictions on which part of the country you want to buy in. There are, however, a few hoops to jump through, including needing a Portuguese tax number, which you can get by applying (for a small fee) to the local tax office. Another consideration is that although Portuguese banks are happy lending to non-residents, they’ll only lend them 70% of the value of the property. Other tips include using a mortgage broker who speaks both English and Portuguese, as they’ll probably be able to secure you a better deal than you’d be able to get on your own. 

BY PAUL JOSEPH (TRAVELMAG.com) | PUBLISHED MARCH 2021

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