Algarve news and information portal - AlgarveMais

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.

Situated in an ideal location between Almancil, Vale do Lobo and Quinta do Lago, this spacious villa built in 2005 offers 3 bedrooms, a study and a large basement with gym, games room and lounge. There is also a garage, an easy maintenance garden, a pool and a great covered and well equipped BBQ area. Definitely a great holiday or permanent home set on a quiet but central position equipped with all the modern conveniences such as a gymnasium, a game room and a children play room.