Thinking of moving to the Algarve? Scenery here is obviously a massive plus, but what really draws people here is the character all the individual towns have.
Faro’s got a lovely old quarter, and Lagos is one of the most historic towns in the country. And then small places like Carvoeiro and Burgau feel like they’re actually lived-in rather than commercial tourist traps.
The properties here are also a lot more affordable than many other European coasts, which helps explain why so many people come for longer stays. The pace here suits anyone who likes outdoor life – from beaches and hiking to a coastline you can drive along in an afternoon and keep finding new views.
Upscore’s Finance Passport lets you use your credit score from back home to secure a mortgage in Portugal.
See what makes this region of Portugal such an attractive choice for foreigners and people buying a home abroad:
Varied Locations: Towns vary from busy marinas and surf culture in Lagos to peaceful towns like Tavira, so you can choose a pace and setting that suits you.
Plenty of Property Options: The market spans affordable seaside apartments from around €150,000 up to luxury villas, so you’ve got options at loads of different price points.
Great Rental Income Potential: Strong tourism, especially in summer and around golf resorts, keeps short-term rentals in high demand and gives you good seasonal returns.
Easy to Settle In: There’s a large expat community here, which means plenty of international schools and English-friendly services to make settling in easier.
Yes, foreigners, including Brits, can purchase property in the Algarve without strict limitations. However, you must obtain an NIF from the local tax office. Once that’s in place, you can proceed with signing contracts and finalising the purchase.
Non-EU residents should also keep an eye on visa requirements if they plan on living in Portugal for extended periods. As regulations can change, it’s wise to check the most recent guidelines before making any decisions.
Most people tend to start their search by looking at well-known platforms, so you can see some detailed photos and location information. As part of our start-to-finish service to get you that dream property, our team at Upscore will help you compare local lenders to get the best deal.
However, smaller or exclusive properties might only be available through local agents who specialise in specific areas. If you’re able to, we’d always recommend checking out the property in person.
Thinking about investing in a property here in Lagos and adding to your portfolio? Our Finance Passport can make it easier to get there – at no charge to you!
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