Lagos, Algarve and Costa Vicentina are two distinct regions of Portugal, each with unique features and qualities. While Lagos is a popular tourist destination located in the southernmost region of the Algarve, Costa Vicentina is a more secluded area known for its rugged coastline and pristine natural beauty. This blog post will discuss the quality of life in Lagos, Algarve and Costa Vicentina. Let us explore what each region offers.
Tips & Things to Know Before Moving to Portugal
Have you asked yourself if Portugal is a safe country? Yes! By worldwide statistics we live in the third safest county on our planet. Portugal is a wonderful place to raise children, and has an excellent national education system. The coasts of child care are affordable and there are several options available. Portugal has a national healthcare coverage for its habitants.
The weeks in the Algarve were fantastic for the third year in a row - the fourth holiday in Lagos went by far too quickly. This or something similar is how many people feel when they return from their summer break. Not least because of the pandemic, many who could afford it have bought a holiday home in the past two years. As an escape from everyday life, possibly also for the home office - and given the still low-interest rates on credit balances and high inflation, often also as a capital investment that can be rented out.
Renting a holiday property in a popular destination like Portugal can be an effective way to bring in some extra income. But before you go ahead and make an investment, it’s essential to calculate the yield you can expect accurately. We’ll outline how to do precisely that.
Why Lagos is the Perfect Destination
Portugal is full of beautiful landscapes. You have the photo-worthy yellow trams of Lisbon, the awe-striking natural beauty of the Douro Valley, and the endless country roads of Beira Interior. However, many would agree that the country's ultimate gem is the Algarve.
How Quickly can you Sell a Property in Portugal?
The property market has been on fire worldwide over the past few years, and Portugal is no exception. And amid rising prices (including real estate), you might expect a slowdown, but there are no signs of this.
On 21 April 2022, the Supreme Court of Justice (Supremo Tribunal de Justiça) in Portugal blocked the possibility of permanent habitation and temporary (for touristic purposes) coexisting. In other words, it allowed condominiums to restrict or order the cancellation of existing short term rental licenses (Alojamento Local).
As of 1st of January 2022, the Portuguese Golden Visa Program got a bit harder to obtain, especially in residential real estate, no longer being obtainable in Lisbon, Porto, Algarve (with some exceptions)...
6 Tips on How To Sell a Property in Portugal
This video addresses owners who want to sell their property in Portugal. A step-by-step guide with minute details takes you through the whole process stress-free
When purchasing Real Estate abroad, many clients have demonstrated common concerns: