The temperate climate and breathtaking scenery of Portugal’s southernmost region has long made the Algarve a property magnet for British expats. And as the pound reaches its highest level against the euro since the 2007/08 global economic crisis, a relatively affordable Portuguese property market is becoming even better value for sterling buyers.
While dramatic cliffs, cathedral-like grottos and secluded sandy coves dot the shoreline, the Algarve coastal region features an exclusive centre where the rich and famous purchase property in places such as Quinta do Lago. More affordable is the western Algarve and recently there has been a surge of interest in the east. From converted convent to quirky townhouse, choice abounds.
Although Portugal and its property market were hard hit by the global crisis, nowadays the country is showing signs of recovery. That Portugal exited from the €78 billion (£55 billion) EU/IMF bailout of 2011 in May 2014 is seen as good news. So too, the IMF forecasts GDP to reach 1.6 per cent this year.
Opt in here