The Algarve's proximity to the UK and Portugal's Faro airport make it a popular area to relocate or purchase a second home. Whether it's water, beach or a golf course you favour as your view, there are plenty of quality Portuguese properties to choose from a few hundred metres from the Mediterranean and championship golf courses.
Now is an ideal time to invest in the Algarve - real estate is affordable and the pound is strong. There is also a strong sense that property prices are going to rise here due to the number of new businesses and ongoing infrastructure improvements.
The Algarve remains a very popular destination for holidaymakers, so, letting your Portuguese flat should be easy.
Added to this, you can enjoy a 10 year tax exemption on your UK income (including your pension), reduced tax on income from investments and if you plan to gift your property you won't need to pay any gift taxes. There are also no inheritance taxes or wealth taxes.
Contact our Portugal office today to arrange viewings of homes in the Algarve that have caught your eye. We will be pleased to arrange visits.
The Algarve is the most popular area for buyers of second homes or those relocating. It stretches for 90 miles, with busy towns such as Vilamoura and Albufeira at the centre, along with Faro airport