Demand for property in Portugal continues to rise month on month due to its strong reputation as a likeable, scenic country and its Mediterranean climate makes it an attractive alternative to other, more tourist driven countries.
On average it experiences around 3,000 hours of sunshine per year which is more than almost anywhere else in Europe. The Algarve in particular has been known to attract British ex-pats due to its beautiful beaches and world-class golf resorts. It’s also reported to have one of the lowest levels of crime and violence in Europe, which is great news for any families who are considering relocating to the area.
Portugal has seen a dramatic change to its infrastructure in recent years. Airports and highways have received huge investments which has benefitted the travel network and transport system as a whole. The cost of living also averages at around 30% less than the rest of Western Europe which allows those looking for a modern holiday home to purchase one at an affordable price.
Property sales in Portugal have been rising at their fastest rate since 2010 and the country has seen a 30% annual increase in sales resulting in a booming property market. After struggling during the financial crisis the introduction of Golden Visas allowed any overseas buyers purchasing a home worth more than €500,000 the right to live in the country which resulted in a great boost to the property market.