Where can we look in the Algarve for bargain property
Is it possible to find a bargain property in the Algarve and if so where are the best locations to find them?
The quick answer is yes of course it is still possible to find a bargain Algarve property.
Below you will find our guide to searching for the perfect bargain Algarve property.
So where are the best places to search for bargain Algarve property?
These are our hints to help you cut down your search for a bargain Algarve residence.
Let’s face it the further you move away from the sea and tourist locations lower the price gets and the more likely it is to find a bargain property.
It seems the further you move away from Faro airport the more bargain properties there are.
Searching for properties outside of cities, towns and villages can unearth some bargain properties.
Properties in need of renovation or updating such as a ruin can throw up some bargain options.
Buying a plot of land in the Algarve and building your own house can prove to be more of a bargain than buying an existing property.
Buying a turnkey project can work out to be a better bargain than buying an existing property.
Buying off-plan from constructors, before the project has been started, can be 10-30% cheaper than the finished property.
Owners of properties that have been on the market for some time are often open to negotiating a bargain price. It is always worth a chance and even if the reply is negative it costs nothing.
Look out for bank repossessions for sale in the Algarve, they are normally sold at 10-20% cheaper than the market value.
Recently reduced Algarve properties are another great way to pick up a bargain property.
Setting Up a Bargain Property Email Alert
However to be first to find a bargain Algarve property you really need to be in the know. That’s where we at Gatehouse International Algarve can help.
We find one of the best ways is to create a property alert to make sure you are the first to see any bargain properties as and when they come onto the market.
A property alert saves you so much time searching and you will also benefit from being part of a huge network of estate agents across the Algarve.
If you are serious about finding a bargain Algarve property join the largest network in the region.
You will only receive notifications containing the latest properties with the same specific requirements you request.
Notifications are emailed as and when the property comes on the market so you can be certain you will be one of the first to view it.
The managing Partner handles the property promotion and sales from the Almancil office which is also adjacent to the luxury coastal golf resorts of Vale do Lobo and Quinta do Lago. With over 25 years of experience in the Algarve property & financial markets.