If you were disappointed with the return on your savings in 2013 and you’re looking to make money quickly at comparatively low risk, then investing in buy-to-let property in the right location is probably the smartest move you could make.
With property prices in Portugal’s Algarve at an all-time low, there may never be a better time to put your money into bricks and mortar in this popular holiday region, to get a good return on your investment.
Contrary to popular belief, the Algarve’s attraction as a getaway destination goes way beyond its golden beaches and championship golf courses. The historic towns, nature reserves, endless rambling countryside and awe-inspiring mountains, are just as popular with tourists, who flock to Portugal’s southern haven with far more in mind than soaking up the sun or improving their par.
The fact that the Algarve draws in holiday makers of all ages and interests, means that the scope of properties that would work as rentals is huge. Depending on the type of property and its location, you can expect to earn between €200 per week for a town cottage and €7,000 per week for a seven bedroom villa in the Algarve’s exclusive Golden Triangle. There’s demand for holiday lets all year around in the region, so providing you choose well, your property should deliver a good return on your money.
It’s always wise to check letting regulations with your estate agent before you buy.
If you don’t have the cash to buy, there are some great mortgage deals about now too. Remember, your rental income can offset the cost of your repayments. You won’t have trouble advertising your property, as there are many options online. Alternatively, you can sign up with a local rental management company (you’ll often find these run by European expats).
We’ve taken a look at a mix of opportunities along the region’s coast.
Beautiful west coast
Just west of Lagos, we found this perfect four bedroom villa priced at €475,000. With wonderful views across the countryside, it really has everything you could wish for to make it a desirable holiday let, including a spacious terrace with a large heated pool. Burgau, the local fishing village, offers a beautiful beach and choice of bars and restaurants.
In the popular holiday resort of Praia da Luz, we spotted this rather nice apartment for €325,000. Situated in the well-known St James development, the apartment itself has fantastic sea views and comes fully furnished. Onsite there’s a wealth of facilities including a large communal pool, a children’s pool, a supermarket and restaurant. Plus, it’s right in the centre of town and just a short walk to the beach.
Heading east along the coast, we stopped off at Ferragudo, one of my favourite spots along the waterfront. Although popular with tourists, this old fishing town remains largely unspoilt and has a quirky charm which reels you in.
There are many older properties for sale here, but this modern one bedroom apartment offers a unique location and the best rental potential. Just two minutes’ walk from Ferragudo centre, its right by the beach with views over Praia da Rocha Marina to Portimão city and the Monchique mountains. The complex has a pool, gardens and private parking. Not bad for €195,000.
Areias de São João sits just east of Albufeira town. There we found a new three bedroom villa with fantastic rental potential. It has well-designed and spacious living areas and all bedrooms have en-suite bathrooms. The property overlooks the sea and has a large terrace with a pool and BBQ. It also comes equipped with a lift, air conditioning and a basement garage for a number of cars. The property is close to several beaches and the wealth of amenities available in Albufeira town.
This well-positioned three bedroom villa, in one of the most elite corners of The Algarve, speaks for itself. Located in the heart of Vale do Lobo, it’s close to some of Europe’s best golf courses. It has fabulous sea views and is a pleasant walk away from the beach, restaurants, bars and Vale do Lobo’s exclusive “Praça” area.
If you’ve enjoyed viewing the homes above, why not start your own property search now? Of course, when you’re not making money renting out your property, you can take advantage of holidaying in the Algarve too, so make sure you chose an area you like, with the right kind of facilities for you nearby. There’s plenty of information about the region on our website.
Brought to you by Meravista – the place where smart people search for Algarve property for sale.
Buy-to-let Algarve property
by Almonds and Oranges
If you were disappointed with the return on your savings in 2013 and you’re looking to make money quickly at comparatively low risk, then investing in buy-to-let property in the right location is probably the smartest move you could make.
With property prices in Portugal’s Algarve at an all-time low, there may never be a better time to put your money into bricks and mortar in this popular holiday region, to get a good return on your investment.
Contrary to popular belief, the Algarve’s attraction as a getaway destination goes way beyond its golden beaches and championship golf courses. The historic towns, nature reserves, endless rambling countryside and awe-inspiring mountains, are just as popular with tourists, who flock to Portugal’s southern haven with far more in mind than soaking up the sun or improving their par.
It’s always wise to check letting regulations with your estate agent before you buy.
If you don’t have the cash to buy, there are some great mortgage deals about now too. Remember, your rental income can offset the cost of your repayments. You won’t have trouble advertising your property, as there are many options online. Alternatively, you can sign up with a local rental management company (you’ll often find these run by European expats).
We’ve taken a look at a mix of opportunities along the region’s coast.
Just west of Lagos, we found this perfect four bedroom villa priced at €475,000. With wonderful views across the countryside, it really has everything you could wish for to make it a desirable holiday let, including a spacious terrace with a large heated pool. Burgau, the local fishing village, offers a beautiful beach and choice of bars and restaurants.
View it now
In the popular holiday resort of Praia da Luz, we spotted this rather nice apartment for €325,000. Situated in the well-known St James development, the apartment itself has fantastic sea views and comes fully furnished. Onsite there’s a wealth of facilities including a large communal pool, a children’s pool, a supermarket and restaurant. Plus, it’s right in the centre of town and just a short walk to the beach.
View it now
Traditional fishing town
Heading east along the coast, we stopped off at Ferragudo, one of my favourite spots along the waterfront. Although popular with tourists, this old fishing town remains largely unspoilt and has a quirky charm which reels you in.
View it now
Quiet but close to vibrant town
View it now
This well-positioned three bedroom villa, in one of the most elite corners of The Algarve, speaks for itself. Located in the heart of Vale do Lobo, it’s close to some of Europe’s best golf courses. It has fabulous sea views and is a pleasant walk away from the beach, restaurants, bars and Vale do Lobo’s exclusive “Praça” area.
View it now
If you’ve enjoyed viewing the homes above, why not start your own property search now? Of course, when you’re not making money renting out your property, you can take advantage of holidaying in the Algarve too, so make sure you chose an area you like, with the right kind of facilities for you nearby. There’s plenty of information about the region on our website.
Brought to you by Meravista – the place where smart people search for Algarve property for sale.