The Essentials

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

 

A Bit of Background

Lagos has a population of approximately 20,000 residents. Typically, these numbers increase during the summer months with the influx of visiting tourists and seasonal residents.

Lagos is one of the most visited cities in the Algarve and Portugal. Due to its variety of tourist-friendly beaches, bars, restaurants, and hotels, it is renowned for its vibrant summer nightlife and parties.

Yet it is also a historic centre of the Portuguese Age of Discovery, frequent home of Henry the Navigator, historical shipyard and, at one time, centre of the European slave trade.

In 2012, travel website TripAdvisor, classified Lagos as number one on a list of “15 destinations on the rise” worldwide.

If any of the above sounds appealing click here to see some of the best Lagos property on TheMoveChannel.com.

Agents Say…

“Lagos has a beautiful marina, very good for people who like boats, but also boasts some of the Algarve’s – and Europe’s – finest beaches”

 

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, daily train service between Faro and Lagos. There are nine trains on weekdays and Saturdays, seven on Sundays and holidays. They operate at irregular intervals, with a journey time of just under 2 hours and a one way ticket is priced at €6.40.
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Automobiles
Buses run from Faro’s city centre bus terminal to Lagos, seven times a day on weekdays but only twice a day on Sundays and holidays. The journey takes about 2 hours 20 minutes and costs around €5. Most people will take a taxi from the airport into the city. This costs about €10 and takes about 10 minutes.

 

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: Sao Sebastiao, Luz, Bensafrim, Santa Maria, Odiaxere, Barao De Sao Joao

View all properties for sale in the area

 

Photo Gallery

 

Useful Words to Learn

Advogado Solicitor

Contrato Promessa Promissory Contract

Escritura Title deeds

Hipoteca Mortgage

Imposto de Selo Stamp Duty

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

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