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Why invest in the Algarve?

The Algarve is a pearl in the south of Portugal and there is no one uninfluenced by its beauty - whether they are Portuguese or world travellers.
From its fine sandy beaches to the warm waters of ocean, sports fields and gastronomy, the Algarve is always an invitation to return.
If holidaying in this region is already wonderful, having the possibility to stay or return whenever you want is a luxury that would please everyone.

Still, there is nothing better than knowing the five reasons to invest in real estate in the Algarve:

1. Quality of life
In addition to a mild, sunny Mediterranean climate, along the most beautiful Portuguese beaches, the Algarve is also well-known for the friendliness and hospitality of its people.
In this region of Portugal, you will find everything you need to ensure that you have the highest quality of life, since you will be close to all the services and amenities.
This Portuguese region was once considered the best place in the world in terms of good infrastructure and, according to RTP, it has the most beautiful beach in the world called, Praia da Ponta da Piedade.

2. Tourism
The Algarve is the most touristic region of Portugal, which also makes it a perfect place to invest in a property.
When buying a property in the Algarve, you will not only have a place to stay in this region whenever you want but also have the possibility of renting it out to interested parties throughout the year.

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3. Costs
When compared to other tourist regions in Europe, the Algarve presents itself as a privileged region in terms of living costs.
In addition, this destination is ranked among the top 30 places relating to the best cities to live in. Lower cost of living is one of its main economic factors.

4.Miscellaneous activities
Whether you are a lover of horse riding, surfing or golf, the Algarve is the place for you. This region of the country is very famous for these types of activities and has even been considered the best European destination for golf lovers.

5. Support and incentives
As far as the economic factor goes, it also makes sense to buy a property in the Algarve today.
When deciding to make this type of investment, you can count on several advantages with regard to tax incentives and residence visas. It is best to do your research and obtain further information about Gold Visas.
In addition, if you do not want to spend the whole year in the Algarve, this is a Portuguese region where you can easily rent out your property on a short-term basis so you will soon see the return on your investment.

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    Engel & Völkers
    Licence Partner Portugal

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