Where to look in the Algarve for Cheap Properties
So is it still possible to find a cheap property in the Algarve and if so where are the best places to look?
Well, the easy answer is yes it is still possible to find a cheap Algarve property. Below is our guide for searching for a cheap Algarve property.
Where are the best places to look for cheap Algarve property?
Here are our pointers to help you narrow down your search for a cheap Algarve home.
Let’s face it the further you move away from the sea and tourist locations the cheaper the price gets.
It seems the further you move from Faro airport the cheaper the properties get.
Searching for properties outside of cities, towns and villages can unearth some cheaper properties.
Properties in need of renovation or updating can throw up some cheap options.
Buying a plot of land in the Algarve and building your own house can be cheaper than buying an existing property.
Buying a turnkey project can work out cheaper 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 cheaper 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 cheaper property.
However to be first to find a cheap Algarve property you really need to be in the know. That’s where we at Gatehouse International Algarve can help.
Create a Cheap Property Alert
We find one of the best ways is to create a property alert to make sure you are the first to see cheap 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 cheap 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.