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Demand for property in the Algarve has surged in recent weeks. For British buyers, Carvoeiro, Albufeira and Vilamoura are the top destinations to buy a home.
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Despite the higher costs involved when investing in more sustainable real estate, this type of property will tend to perform better in terms of commercial attractiveness, running costs, rents and occupancy rates, says a new study.
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While house prices in Portugal rose by just under 1% in April, it still represents one of the most significant monthly variations since March 2020.
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With Portugal opening up to British travellers from May 17, the Portuguese Chamber of Commerce in the UK is predicting a 'flood of movers' to the country.
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The residential real estate sector has been the most resilient in the national market during the pandemic. Transformation and reinvention are expected for 2021.
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