The Algarve remains the best place in the world today to retire overseas.

The Algarve, Portugal Takes Top Honors Yet Again!

For the fifth year in a row, The Algarve remains the best place in the world today to retire overseas.

A view of the coast of the Algarve region in Portugal, with blue and green water and bright trimmed houses.From health care to beaches, The Algarve has something for everyone in Portugal.

But what is it that makes the Algarve so special? The weather is a good place to start. There is sunshine throughout the year and the winters are short and mild. You will never have to shovel snow again. The Algarve receives over 3000 hours of sunshine per year. From May until the end of August there are 12 hours of glorious sunshine per day. The expat community is well established and welcoming.

The medical facilities and health care are affordable and high quality with two major hospitals close by. There are undervalued properties, including ocean views available to suit all budgets. English is widely spoken, thanks to the longstanding British presence. The infrastructure is first class, and you can easily get around the Algarve. The well maintained roads allow for easy access to the rest of Portugal and into the rest of Europe. Portugal’s retiree residency program rolls out the welcome mat for foreign pensioners who they are attracting in greater numbers each year. The Golden Visa process has also been made. Source: Liveandinvestoverseas.com

Portugal Property Market Report

Record year for Portuguese housing market on the cards

The current year is set to finish with more than 20 billion euros changing hands in real estate transactions across the country.

Record year for Portuguese housing market on the cards

 

The news of the continued growth in the Portuguese property market was revealed this week by the National Real Estate Agents’ Association (APEMIP).
The association said that with this projected growth, the property market will have expanded by 20 percent on last year’s figures.
APEMIP further forecast that this growth will continue for at least the coming two years. It said that the real estate market has received a decisive push through foreign investment, but said that continued growth is now also being supported by the domestic market, with investors cashing in on their bank deposits to invest in the buy-to-let market.
Meanwhile, new figures have show that the building industry has registered growth of over 40 percent.
According to the Pipeline Imobiliário Index, the number of building licences issued between the second quarter of 2016 and the second quarter of 2017 has climbed by 42.7 in mainland Portugal.
The issuing of licences to renovate or rebuild old homes performed particularly strongly, with an increase of just over 68 percent for the period in question.
Meanwhile, official figures out earlier this autumn indicated that the national housing price index has seen property prices rise by eight percent during the second quarter of the year when compared with the same period in 2016. House prices also rose on the first quarter of 2017, with the cost of housing up 3.2 percent.
Figures published by Portugal Statistics (INE) further revealed that new properties continued to report growth, while used properties, while still recording strong increases, slowed during the second quarter of the year.
The INE said that a total of just under 37,000 properties were sold between April and June, which is up 16.1 percent on 2016 and almost five percent above the number registered between January and March this year.
The total value of real estate sold during the second quarter was up 23.3 percent on last year, totaling 4.6 billion euros, of which 3.7 billion euros accounted for used homes.

If this does not tempt you, not sure what will! We invested in Portugal and have seen the value of our property in Monchique increase two fold in the last 12 years, what’s more it serves us as an escape from Canadian winters (snowbirding) and gives a great return on investment in the summer months because we rent it out. Have a look at our rental website and see what we have what our rates and availability are.