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Have you ever thought about purchasing a property in Portugal, and in particular the Algarve? Since Algarve has a wide assortment of townhouses, apartments, and villas, to make a selection from it will not be too hard to make the right choice for you. Algarve is a beautiful area with its mild and Mediterranean climate perfect for people that enjoy a warm climate. You can also enjoy clear blue beaches and scenic valleys and mountains. Whether you are thinking of buying a residential property or a vacation property in the Algarve, you will always enjoy your stay in the region as a resident or a tourist.
Enjoying a prime location at the edge of the Vale do Lobo resort, this apartment is close to the Tennis Academy and within walking distance to the Dunas Douradas beach. The apartment built in 2004 is set in an area of attractive pine trees and it comprises spacious rooms and ar conditioning units in every room. A great investment opportunity. At Vale do Lobo, Europe's finest golf and beach resort, a world of leisure and luxury awaits. Situated just 20 minutes from Faro International Airport.
Wise planning choices have given Algarve, Portugal the edge over Spain in terms of property investment demand. While the rest of the European real estate market dwindled last year, the Portuguese government retained tight control over construction in the country’s Southern coastal area. Villas had to be built under strict guidelines adhering to the personality and aesthetic of its surrounding areas. As a result, property in Algarve rose 2 percent last year and went for a modest 1,429 per square metre.
There is no doubt that 2009, like it´s sibling 2008, was a strange year in the property market in the Algarve. On reflection, one of the main issues was the fact that no-one could agree what the market was doing, when and why. With the benefit of hindsight we can review the facts, and consider what actually happened, from our (first hand) viewpoint. One of the key problems is information. On one hand accurate historical date is very hard to obtain in Portugal, as, until recently, many of the prices registered for the sale of properties were inaccurate.
Proluna Real estate is an established licensed real estate agent with 5 years of experience in the property market in the East Algarve. In the following article they give their views on the current property market in the East Algarve, being the areas of Tavira, Cabanas, manta rota, Altura and Praia Verde. The property market in the East Algarve and especially around Manta Rota And Altura was booming up till novermber 2007. The construction could not keep up with demand. Especially in Manta rota where the very popular townhouses were built, sales were amazing.|
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