Engel & Völkers Licence Partner Sintra > Blog > Faro: a worthwhile investment

Faro: a worthwhile investment

Faro is an Algarve city and also considered by many as the capital of the Algarve. Cosmopolitan by nature, this is a destination that excels in the way it encompasses an intriguing complex and options, ranging from historical and heritage traits and landscaped treasures, to the immense cultural offerings.

Situated in one of the most acclaimed areas to spend the holidays in, Faro is a kind of tourist attraction that tends to lure one into staying here for good. In fact, its characteristics and features would put this region at the top of the list for the best Portuguese cities to live and invest in. This city was considered by the consulting firm, Bloom Consulting, as the 11th city in the area of ​​business, tourism and quality of life. In addition, the region is still considered as one of the 10 best Portuguese cities for retirement. These awards will probably be part of the city's appeal, which stems from the high demand from tourists and investors, presenting itself as a growing hub with respect to its real estate market.

The particular charm of this Algarve city, however, is not only described by the rankings that it is part of. The city has a unique wealth in terms of its heritage and cultural venues. Sites as symbolic as the Cathedral of Faro or the Chapel of Ossos of the Church of Our Lady of Carmo, join the Arco da Vila and the Municipal Museum, proving how the history and culture blend with one another. In addition to these, the wonderful Ria Formosa Natural Park creates a green lung in its surroundings, allowing nature lovers to always escape to a peaceful haven within walking distance of the city.

But Faro is not just about monuments and landscapes. It also offers other great activity options. Particular attention must be paid to family-friendly places like the Zoomarine, the Aquashow and the Slide and Splash. In addition, the Figuras Theatre is filled with the most diverse shows for all ages, ensuring that there is always something to suit all tastes. To add to its artistic offer, this city has a fabulous attraction: its climate. With more than 300 days of sunshine annually and a mild Mediterranean weather, this city allows those who come to visit or to live here enjoy mild winters and hot summers. Nearby, the most beautiful beaches - such as Faro Beach, Quarteira Beach and Olhos de Agua Beach - are fabulous spots for winter walks or to enjoy the best of the region's summer pleasures.

The other appeal of the region, which makes it so acclaimed and raises the quality of life, is the gastronomy. The Algarve's flavours are made in the city of Faro with mastery and they are as emblematic as Xarém (thick soup), mackerel, stuffed squid, the fava beans of the Algarve, partridge stew with potatoes, and gazpacho (soup). In addition to these dishes, the sweet taste of biscuits made with almond paste also bring extra flavour to life in Faro.

Boasting the best of what makes it a tourist destination, Faro also does not forget the importance of its inhabitants for the life of the region and, therefore, it presents itself as a perfect place to live, study and work in. Aside from its schools and colleges, this city is also home to the University of Algarve and the School of Hospitality and Tourism and allows graduates to live and work in a city that's in constant development, where competition in the job market is highly fierce.

The city of Faro is also prized for its safety and quality of transport services, being a metropolis that also invests in the permanent evolution and promotion of the best infrastructures. Its rapid development and the pulsating vibration of the city itself make it a coveted investment point and an ideal metropolis for starting a successful business.

If you wish to take advantage of all the benefits that Faro has to offer, the ideal partner for your career success has to be Engel & Völkers. This real estate company - whose expertise and professionalism are proven in its excellent performance in more than 30 countries, 4 continents and over 4 decades - currently has a license available for this Algarve city. Taking advantage of this opportunity would be the best way to secure an investment in an expanding city. As a result, you would have the opportunity to run your own business by taking full advantage of a leading brand and its international franchising model. Becoming the franchisee of Engel & Völkers would undoubtedly be a great way to succeed in your business.

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