Location : Monchique, Algarve
Property Type: CommercialProperty Terms: For SaleLocal Currency Price: 2.600.000 eurosPrice in USD: $2,722,880
Albufeira, a coastal city in the Algarve region of southern Portugal, located along the shores of the Atlantic Ocean. Albufeira has grown into one of Portugal's most famous resort destinations, world renowened for beautiful beaches, a great nightlife, and old world style, all mixed in with luxury properties. Albufeira is about 40 km from Faro International Airport, making it very accessible for international buyers and tourists.
The Algarve is one of Europe's top holiday destinations, drawing millions of visitors annually, and Albufeira sits in the heart of the Algarve. Albufeira offers great beaches, world-class marinas, and the central position makes it a viable location for real estate investment.
Portugal is known for its mild climate, 300+ days of sunshine in some regions, excellent food and wine, and a relaxed lifestyle, plus Portugal is know for safety, good healthcare systems.
Buyers and investors look towards areas such as Lisbon with luxury apartments modern luxury condos, and waterfront living, Cascais & Estoril, coastal towns near Lisbon with luxury villas and golf resorts, and the Algarve with its golden beaches, golf, and gated luxury communities.
In addition Porto & Douro Valley as a growing luxury market, and Comporta & Melides attracting ultra-high-net-worth buyers for luxury properties.
Portugal luxury property investment and personal use properties is an attractive option due to Portugal being a stable EU and Eurozone member, supporting property ownership security, and there are no restrictions on foreign buyers, with ownership laws being transparent.
Prices tend to be lower than in France, Spain, or Italy, while still offering world-class locations and lifestyle, so buying luxury property in Portugal is attractive for investors seeking rental income, owners looking for lifestyle benefits, the EU security, and long-term appreciation for a permanent residence, or as an investment.
Albufeira generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Portugal is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
Albufeira is one of Europe's most sought after locations for luxury property investment and buying luxury properties for personal use. Albufeira brings together year round sunshine, a glamorous setting with a strong real estate market over time.
Real Estate Agents and Property Developers in Portugal
