The Essentials

Country: Portugal
Capital: Lisbon
Currency: Euro
Time zone: GMT

 

A Bit of Background

In ancient language, ‘Albufeira’ means ‘sandcastle’. It’s only fitting, then, that this city should be one of the Algarve’s leading tourist destinations.

Albufeira has a population of 13,646 and is located 30km from Lagos, 45km from Faro and close to Paderne Castle. That coastal location makes it an ideal resort for holidaymakers and a hotspot for investors. Facilities include a marina, golf courses, plus innumerable hotels, apartment blocks, restaurants and bars for the annual flood of visitors.

Agents Say…

“It’s a very family-oriented place, with pretty, winding streets in the old town. Because of the sheer level of tourist interest, Albufeira’s a great location for buy-to-let.”

 

Getting There

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Planes
The nearest airport is Faro, the Algarve’s main airport. The airport can handle up to six million passengers per year but is already at full capacity, with plans underway to expand the terminal so it can deal with eight million. Flights to Faro are operated by all major airlines, with the most popular routes coming from the UK’s London, Dublin and Manchester airports.
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Trains
There is a regular train service to Albufeira. The station is outside of the town, so you will either need a taxi or use the Giro Bus “Linha Laranja” to complete your journey.
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Automobiles
Buses run from Faro’s city centre bus terminal to Albufeira, taxis will also take fares from the airport into the city but this can be quite expensive. Travellers can also collect a hire car from Faro Airport and drive 40km to Albufeira, either down the A22 motorway (a toll road) or down the secondary N125 road.

 

Who’s Buying?

Whos-Buying-Property

Portuguese property has always drawn large amounts of interest from the UK, because most residents of the rainy isles are looking to bag a holiday bolt-hole in a region with over 300 days of sun a year. In the same fashion, interest from the USA is certainly of the lifestyle persuasion; the over-saturated holiday hotspots nearby look less appealing when compared to a cheaper, quieter European market, particularly when the dollar is stronger than the euro. Canadian and Southern Irish interest in Portugal follows the same trends as the US and UK, with Ireland having no currency conversion costs to worry about and Canada having an established European connection and an active snowbird population.

Where to Buy

Popular hotspots in Portugal include: Olhos De Agua, Guia, Ferreiras, Paderne, Olhos D’agua, Sesmarias

View all properties for sale in the area

 

Photo Gallery

 

Useful Words to Learn

Associacao de Mediadores Imobiliarios Association of Estate Mediators

Cataplana Seafood stew

Costa da Prata The Silver Coast

Escrituras Publicas de Compra e Venda Public deeds of purchase and sale

Valor Patrimonial Tributario Taxable value

Icons courtesy of Dave Gandy, Freepik, Google, via www.flaticon.com

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