In 2014, Algarve got to add a few medallions to itself by becoming:
1. The best destination in Europe for golf
2. Holiday destination with the best value
3. Best place to retire in the entire world!
So, does golf, holiday and retirement ring a bell with you? If yes, you need not look further for Portugal Villas for sale.
If you want more, be informed that Algarve also offers the finest dining places, some of the best wines of Europe, top quality accommodation facilities and exotic locations with awesome climate.
So, coupled with all these recent achievements, Algarve’s property market has seen a significant upswing in its sales.
What is driving the demand of Portugal apartments for sale?
1. Initial low prices which has caused the national and international buyers to put in their money
2. Generous tax subsidies and benefits for expat residents
3. The opportune golden visa scheme for those non-European investors willing to invest over 5 lakh euros in property. This scheme has specially attracted buyers from China, who have lapped up the visa and residential permit offer most happily. Buyers from china, contribute almost 80% to the demand of Portugal villas for sale.
4. Pound to euro ratio adjustment enables any British buyer to be able to afford a higher priced property in Algarve for the same number of [pounds spent.
Today Algarve is one of the most affordable markets for residential property in Europe with its rank coming within the top 3!
While property price in the European Union has gone up by a meagre 0.5%, Algarve has registered an increase of 5%
in their residential property prices. Thus, real estate for sale in Algarve Portugal is a hot market.
Till recently, UK has been the major customer of Algarve’s property units but now even the French have shown considerable interest in buying or investing in property at Algarve for holiday purposes, individual living or rental purposes. Another point, which has driven the French is the strict tax regime that they are experiencing in their country.
On a year on year comparison, 2015 January has seen more sales in property than the 2014 January. While the major bulk of buyers are French and British, but there is also a healthy demand from Americans, Belgians and Germans. Most of the domestic investors are interested in rental property only.
The intent for buying property out in Algarve are varied. Some basically want to take advantage of the low prices, while others want to rent it out and yet others want a nice quiet place to live happily!
With the Pound gaining strength and the demand sentiment remaining high, Algarve could very well be in for a record year of great property growth. The estimates are that both the luxury segment with Portugal Villas for sale and the affordable segment of residential property would see a surge in prices and demand. you can see at this web-site http://www.idealhomesportugal.com/properties/houses-and-villas