Buyer interest in the Algarve is not only high; it’s sharply focused. According to property platform idealista, a third of properties in the region are sold within a week, making it one of the fastest-moving housing markets in Portugal.

But what kinds of homes are attracting this quickfire attention? According to the latest data, demand for apartments priced between €150,000 and €210,000 more than doubled nationwide in 2024.

Meanwhile, homes in the broader range of €90,000 to €360,000 saw over 63% annual growth in interest, and detached houses priced between €120,000 and €180,000 recorded nearly 80% growth.

Several factors are driving this surge: mortgage interest rates fell in late 2024, and younger buyers now benefit from an IMT (property transfer tax) exemption up to €316,000.

These shifts, combined with rising rental costs and a deep-rooted culture of homeownership in Portugal, have made buying more attractive, particularly in sought-after coastal regions.

In high-demand cities like Lisbon and Porto, options under €120,000 are almost non-existent, which is pushing interest south. The Algarve not only offers broader pricing variety but continues to attract international buyers, particularly for its luxury properties and second-home potential.

Whether you're a local buyer or an international investor, understanding which property types are in demand can give you an edge. With one in three homes selling in just days, local know-how can make the difference between missing out and moving in.

Get in touch with Algarve Home Sales for on-the-ground expertise.