The Algarve is Portugal's most popular property destination, according to the latest At a Glance infographic from TheMoveChannel.com.
The infographic, which is based upon buyer activity on the property portal in the last 12 months, shows that the region accounted for a staggering 62.59 per cent of all Portuguese property enquiries since March 2011. Indeed, the demand for Algarve property is five times stronger than that of its closest competitor, Leiria, which received 12.4 per cent of enquiries in the past year.
11.41 per cent of buyers also showed interest in the islands of Madeira but the At a Glance map reveals the extent to which the Algarve dominates, leaving many inland and northern areas of the country to attract less than 1 per cent of investors' interest. The Guarda district in the North-East received no enquiries at all, indicating a significant lack of buyers and sellers in the district.
Comparatively, the Algarve's market is thriving. The region contains six of Portugal's most searched-for destinations, with Albufeira accounting for 9.63 per cent of property searches; almost double that of Lisboa's runner-up Cascais.
The infographic also analyses Google behaviour over the last 12 months. Buyers tend to search for "property for sale in Portugal" and "property in Portugal", with peak activity occurring between the months of March and August.
There is a striking surge in searches for "villas for sale in Portugal" during the summer but throughout the year, the most popular type of real estate are houses; the phrase "Houses for sale in Portugal" consistently appears in more searches than "villas" and "apartments" combined. Surprisingly, there are no searches for "real estate in Portugal" or "Portuguese properties" for much of the year, the keywords only being entered into the search engine in February 2012.
Editor Ivan Radford comments: "The At a Glance infographic reveals the importance of The Algarve to Portugal's property market right now. A key tourist destination, the area is visibly driving demand from overseas buyers, either for holiday homes or for buy to let properties to capitalise on the influx of foreign visitors. Lisboa and Leiria are still relatively popular with buyers, but for Portugal's market to fully recover, that band of red in the South needs to get even brighter."
Notes to Editors
Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
The website address is http://www.themovechannel.com and the office address is 24 Jack's Place, Corbet Place, Spitalfields, London, E1 6NN.
Contact Dan Johnson on 0207 952 7650 for further information.Google+