In the 25 years that we have been involved in property here in the Algarve, we have never seen anything like it.
There is no need here to list all the many merits of life in the Algarve as you readers will of course know why we all chose to settle here.
The level of demand did decrease as people’s financial situation made investing in property more difficult and even if they still could and would invest, the travel restrictions made viewing properties only possible virtually.
In 2020 and 2021, real estate has provided investors with an income opportunity as they search for returns in a low interest rate environment.
Several more properties are now coming on the market at an even higher level, testament to the exceptional quality of properties which are now being created in the central Algarve and calibre of clients with whom we have the privilege of working.
In 2021, demand for property was still very much British-buyer led.
The post pandemic work-place provides many of us with the opportunity to work from home and this is contributing to increased interest in bigger and better homes, somewhere buyers can spend more time comfortably.
It is also interesting to see that few of our vendors are selling and taking their capital back to the UK or France etc., but almost all are reinvesting in one way or another in the local property market.
Investment security is the second most important driver and buyers perceive Portugal as a secure place to invest in a first or second home – houses are well constructed; infrastructure is good and the strength of the property market gives extra confidence to all buyers.
Over 38% of our new buyers found us online and we are delighted to see that 35% of our buyers are repeat customers or client referrals.
Most of our buyers in the Prime market seem to have their ducks in a row on these fronts.
We can clearly see that demand continues to increase and so our near to medium term forecast for the market is that values will continue to increase.
Vilamoura World, Conrad Algarve, Vale do Lobo, The Keys just to name a few, have all recently been bought up and are in the process of being redeveloped and relaunched.
The benefits of NHR and GV, an excellent and affordable health care system, security in terms of personal and investment, the climate, the lifestyle and ease of access make this place hard to beat.
Led by our General Manger Jules Hamel and our sales director Jamie Robinson, our multi lingual, growing team of 23 like minded individuals are highly qualified and experienced and are here to help you achieve your desired results.
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This is an increase of 14.1% compared to the same period last year and an increase of 12.2% compared to the previous quarter, according to the National Statistics Institute .
A1 Algarve Luxury Real Estate was founded five years ago by Agnieszka Kijonka who has been in real estate for the last twenty years, specifically in the central Algarve.
Have you ever had, or know someone that had, a bad experience working with a Real Estate agent while purchasing a property in Portugal? The answer is usually yes.
Clearly visitors to theportugalnews.com have an interest in Portugal otherwise they would not be visiting the news, current affairs and features website on all things Portuguese.
And this was a reality observed in all regions of the country, with emphasis on the Algarve and Madeira, according to data from the National Institute Statistics .