As a mainstay of the Portuguese economy, Tourism is at an all time high and one in every four tourists is British, according to a recent interview with Secretary of State for Tourism, Ana Mendes Godinho. As tourism figures have risen steadily, so too has investment in Portugal as a leading holiday destination. Improved flight connections, a general smartening up of older Algarve resorts, such as Vilamoura and Albufeira and the development of specialised sports and "foodie" holidays have certainly enhanced its natural attractions.
The role British holidaymakers have in strengthening the economy is excellent news if you are considering buying an investment property in the Algarve. While the property market has recorded a slight increase in housing prices in Q2 of this year, affordable apartments and villas can still be found all the way along the Algarve Coast. And with a positive forecast for the 2016/17 winter holiday season, the potential to offset those costs through holiday rental income is certainly worth exploring.
Just as there is a holiday to suit all tastes and budgets in the Algarve, so too is there a holiday-let investment. Whether it’s a traditionally styled apartment in the fishing village of Burgau, or a luxury villa in cosmopolitan Carvoeiro, now is the time to arrange that viewing.
"Portuguese tourism industry was ready to deal with all the game-changers we’ve seen the recent years due to the significant public and private investment we did in the last 10 years, namely in strengthen flight connections, improving unique experiences and promoting more entrepreneurship. People come to visit us because of our cultural, nature and gastronomic experiences and hospitality and safety and we’ve been enhancing this proposal for the past decade. "