British buyers continue to choose the Algarve to purchase real estate in the Algarve, despite the vote of the country to leave the European Union.

2017 continues to be a record breaking year for tourism in the Algarve with yet another milestone being conquered as the number of overnight stays in the region passes the eight million mark.

The Portuguese Treasury and Debt Management Agency (IGCP) repaid the International Monetary Fund (IMF) another €1.75 billion in July, which means Portugal has now paid back 60 percent of what the Fund lent it.

With unemployment figures continuing their downward spiral, sovereign debt yields falling, tourism and exports growing, the Portuguese Prime Minister has this week forecast with the utmost conviction that 2017 will be a year of unprecedented growth.

Overnight stays in Portugal’s hotels rose by almost ten percent over January to June this year, to 25.3 million, mainly spent by non-residents.

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