Why should you consider buying rental property in Algarve, Portugal?

Investing in real estate in specific cities of the Algarve is an excellent way of earning a rental income since they offer a strong return on investment to property investors. But what advantages can Algarve’s cities offer to real estate investors? 

Check out some of the reasons why buying Airbnb investment properties in the Algarve Province is an excellent idea:

• Stable real estate market

The Algarve is a popular region for investment properties because aside from its good rental markets, it also has great climate conditions and high-quality. When it comes to the housing market prices, it can be considered fairly affordable as the average value goes from €2,200 – €3,300/m2. The market hasn’t experienced a price boom either and values have continued to rise, but in a healthy way.

Furthermore, there’s a strong demand for rental properties since the Algarve has a solid tourist market. There’s a high tourist flow in the cities located in this province, so this can be an attractive market for investors aiming to cater to tourist accommodations. 

• Enjoy the great living conditions

The cities of the Algarve province offer a laid-back lifestyle with a high standard of living. Living in this region means that you will have access to good educational options for both public and private schools, high-quality amenities, and plenty of recreational facilities. 

We must also highlight that Portugal is among the safest cities in the world. Thus, you can also enjoy some peace of mind if you move or invest in Algarve. On top of that, English is widely spoken in cities located in this region!

• Plenty of things to do

It’s a given fact that the Algarve Province is a unique place that can be mistaken as a natural paradise! This region is home to pristine beaches and cliffs with the best romantic sea views. The Algarve Province also has another character with its variety of interesting urban areas full of museums, restaurants, galleries, and much more.

The Algarve perfectly blends majestic natural landscapes with its rich cultural heritage, so it’s understandable why it is a top tourist destination. Moreover, the region has splendid weather conditions all year round. Hence, it doesn’t matter whether you visit this region during summer or winter because you will always find something to do here.