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Tourism levels in the Algarve have been rising steadily over the past years, with 2017 proving to be a record breaking one not only for the number of visitors, but also in terms of revenue.
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After a 5% increase last year, the assessment banks make of real estate properties when credit is granted has accelerated in the beginning of 2018. It increase to a new record of 1.153 euros.
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Foreign buyers are helping to boost levels of real estate investment in Portugal, with experts predicting a record breaking year for 2018.
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Portugal’s national flag-carrier TAP Air Portugal is to become the first airline in the world to operate the new Airbus A330neo aircraft, which is due to come into service later this year.
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The Algarve has enjoyed a record breaking year for tourism with more overnight stays, income and visitors in the region during 2017 than ever before.
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