Advantages of Buying Property in the Algarve

The Algarve has traditionally been a popular destination for second home owners, and it’s easy to see why. It has a temperate year-round climate, and more than 3,000 hours of sunshine annually. The Algarve offers a great lifestyle to visitors and residents, and can offer just about every outdoor activity you can think of; one of the most popular is of course golf.

It has around 155,000 m of sandy coastline, and endless coves and bays to explore. There’s even a mountain range just 30 km away from Lagos. The region is rich in history, and one of the nicest places to visit is Silves which is the former Moorish capital of the area. It has its own castle complete with 11 turrets and impressive battlements. Next door to the castle is a cathedral, complete with ancient tombs and Gothic monuments.

Much of the economy in the Algarve centres on agriculture and fishing, with wine production and seafood being especially important. However the area is still quite reliant on tourism and this is responsible for providing much of the local income. Although Portugal is currently undergoing some financial difficulties, the Algarve will always remain perennially popular making it one of the safest places in which to invest in property.

The area is served by the main airport at Faro which is able to handle up to 6 million passengers annually. The airport is currently operating at full capacity and there are plans to expand the terminal to enable it to deal with 8 million passengers. Some of the most popular routes originate from the UK, coming in from Manchester London and Dublin airports.

 

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