Algarve news and information portal - AlgarveMais

Most holidaymakers to Portugal’s Algarve arrive at Faro and turn right to join the sunbathing bodies among the high-rise hotels of Albufeira, Vilamoura et al. Turn left, however, and the weather is as good, the sea as warm, but the crowds slip away and the beaches get better. Tavira, at the centre of the eastern Algarve, mixes old-Portuguese charm – cobbled streets, bougainvillea-hung balconies – with a workaday fisherman’s riverfront.

With markets melting and credit being crunched into the carpet is there anywhere in the world to buy a potentially profitable property anymore?  Or should we all just accept the fact that property can no longer be considered an investment, and instead see it as just a luxury item or a necessary roof over our heads?
Well, having searched the length and breadth of the property world we have discovered a couple of pockets of potential profitability in Portugal in the form of golf and marina property.

Lagoa, Silves, Portimão and Vila do Bispo all had their applications approved by the Algarve regional development commission, Comissão de Coordenação e Desenvolvimento Regional (CCDR-Algarve). In total, the projects submitted involve a total investment of almost 2.4 million euros, with 1.4 million euros being financed by Europe through the regional operational programme Algarve 21 (PO Algarve 21).