Hidden 2020 European Property Hotspot Revealed Now
Why the Algarve Stands Out
The Algarve's appeal lies in its affordability compared to other European hotspots. While property prices in cities like London and Paris soared, the Algarve remained relatively accessible, with average property prices around €1,500 per square meter1. This affordability, coupled with Portugal's attractive tax incentives for foreign investors, has made the region increasingly popular.
Moreover, the Algarve's thriving tourism industry ensures a steady stream of potential rental income. In 2019, the region welcomed over 4 million tourists2, a number that continues to grow as travel restrictions ease. This influx presents an excellent opportunity for property owners to capitalize on short-term rentals, particularly in sought-after areas like Albufeira and Lagos.