Often seen by investors as the gateway to the Algarve, this week’s property selection comes from Albufeira. This is a fantastic area of Portugal’s south coast located just off the countries main E1 motorway, so it’s easily accessible.
For investors, now is a great time to get into this gateway region, even if they’ve passed through it before. Why? Portugal’s Golden Visa. The investment scheme offers citizenship in exchange for purchases of 500,000 euros minimum – at the end of 2016, Portugal’s Golden Visa program had attracted over €2.3 billion in investment into Portugal’s property market.
This means the country’s real estate iron is indeed hot, creating an inviting proposition for wealthy buyers looking for a holiday let or second home in Albufeira. At the start of this year, it ranked 14th in the top 50 property searches on TheMoveChannel.com, which demonstrates that this is a sought-after area ripe for investment. With that in mind check out these fine properties that will give you a Golden Visa, plus an utterly gorgeous home to boot:
1. 4 Bed Villa
Asking Price: From €449,000
While this villa is a little under the Golden Visa threshold, it does get you most of the way there and, as a result, gives the buyer a fantastic four-bed villa with spacious interiors and great views from expansive terraces. There’s also outdoor fun to be had with a full tennis court and swimming pool, complete with covered barbecue area that also includes an outdoor brick oven.
2. 2 Bed Apartment
Asking Price: €545,000
While this may be a little on the pricey side for a two-bedroom apartment, it is located on the 5th floor of an apartment building right on the Praia dos Pescadores, also known as Fisherman’s Beach. It’s in a great central location with gorgeous sea views and the coast on your doorstep. It’s also within easy reach of various bars and restaurants.
3. 4 Bed Villa
Asking Price: €850,000
This four-bed villa can be found in northern Albufeira, so it’s only a short drive to the beach. The property itself has plenty of great features, such as an abundance of natural light, a large roof terrace with sea views and a solar-heated swimming pool with automatic cover.
4. 4 Bed Villa
Asking Price: From €900,000
The design of this villa is evocative of period Portuguese design, but maintains a modern edge with its contemporary interiors and intelligent use of space. It also features an equally ornate swimming pool and roof terrace. It’s easy to enjoy fantastic sea views from this property, which also means it’s only a short distance from the beach.
5. 4 Bed Villa
Asking Price: From €2,495,000
Despite appearances, this is not the lair of the latest Bond villain but it is an incredible bit of property. Featuring three en-suites and a master bedroom with adjoining terrace, the interior design is highly contemporary with chic, German influences. This hillside palace comes with an incredible outdoor infinity pool, as well as an indoor lap pool, which is located in the gym, next to the sauna. Just the place to plan your world domination strategy.