Wealthy people buy property in the Algarve for themselves and to rent out. Housing in the region is often rented by tourists and residents from other cities of the country. The Algarve has a warm climate, tourists come in the off-season, so real estate is in demand all year round.
Real estate liquidity. In Portugal, property prices are steadily rising. According to Eurostat, the cost of housing in the country has increased by 50% over the past ten years. In 2021, Portugal ranked 12th in the EU in terms of price dynamics.
16% increase in resort property prices in 2021, according to Confidencial Imobiliário.
Additional income. Investors will be able to earn money by renting out real estate: the yield of Portuguese properties is 5‑7% per annum, and in the high season it reaches up to 15%.
Opportunity to become a resident of Portugal. If you purchase an object worth from €280,000, you can get a residence permit in the country. It allows not only to live and travel in Portugal, but also to freely enter other Schengen countries.