Category:
Buying Property
In our humble opinion yes!
So the short answer is yes, property prices have been on the increase for the last 20 yrs and show no signs of stopping. We see plots of land for sale at the same price as a prebuilt property in the same condominium and same size plot 15 yrs ago!
With so few Algarve properties for sale in the marketplace, prices are at a premium and will continue to be so. Throw into the equation the shortage of Algarve real estate in the most desirable areas and the time it takes to build new developments, and there is no reason to think otherwise.
If you are seriously thinking about investing in an Algarve property then read on for a more detailed look at the current situation and the forecast for the following year in this article “Is now the right time to buy in the Algarve“.