Accommodation in the Algarve
From golf resorts and city centre apartments to homes on the rural hillsides of the interior, the Algarve offers a broad range of accommodation options for expats. Prices vary widely across these different settings and their appeal may vary depending on different lifestyle preferences. Many expats choose rural or coastal villas with pools or properties within tourist complexes. Fewer choose to live in the towns of the Algarve, which tend to have more of an authentic local feel and often come without any outside space.
Property in the Algarve is more expensive than in many other parts of Portugal, Lisbon being the main exception. However, Portugal is one of the cheapest countries in Western Europe to find a home and the Algarve presents plenty of options for all budgets whether buying or renting.
Types of property in the Algarve
The Algarve offers a wide range of property options, from apartments to villas and everything in between. Both traditional homes and modern apartment blocks can be found in the urban centres. Tourist complexes may present an opportunity for holiday rental income if an expat will not be in residence all year round. These complexes tend to have communal facilities such as pools and gardens that are maintained for a fee, making them easy to ‘lock up and leave’.
There are also many expats living in the countryside away from the coast, either on golf estates or independently. The regions further inland tend to be very isolated, lacking main roads and amenities, and are populated mostly by Portuguese locals who have lived in the area for generations. Renovated or more recently built homes are also plentiful in the countryside, ranging from modest to high-end luxury.
Finding property in the Algarve
Property in the Algarve is advertised on international property sites and by numerous real estate agents in almost every town. Both rental and sale properties can be easily found through these portals.
Expats can also choose to go through local rental agencies, but these tend to take longer and often charge high finder's fees.
Renting property in the Algarve
There are a number of options for those preferring to rent. Due to the high number of visitors to the Algarve, there are many holiday properties of all descriptions and locations available for weekly rental during the spring and summer months. Many of these are also available for winter lets of six months from November to March at a vastly reduced rate. These properties are fully furnished and ideal for exploring the region before purchasing, or for those not residing in the Algarve year round. There are also long-term rental properties available, which are usually unfurnished and located within typically Portuguese neighbourhoods and communities.