According to the Portuguese Chamber of Commerce approximately 46,300 British nationals live in Portugal and take advantage of the year-round sunshine, lifestyle enhancing amenities, blissful azure like waters, safety and political stability.
Throughout the past 10 years a diverse array of nationalities have chosen the sweet paradise of Portugal, as well as the Algarve, as the place to spend their golden years. French, German, Dutch, Belgian and Polish, follow the British as European Union citizens who have chosen to move to Portugal and also make the most of the Golden Visa.
Simply put, Portugal and the Algarve are a brilliant option for a healthy, active retirement in the sunshine. With an extensive and active expats community, made of retirees and professionals, the Algarve has become a lively multicultural address. It is no wonder that wordwide known celebrities and various sports stars have chosen the Algarve as a home.
The Algarve offers property prices for all types of budgets. Experts have estimated that at an affordable monthly living cost, between €1,200 and €1,500, can provide a comfortable style living in the Algarve. If you are looking for a slower pace to life, this could be the move for you.
The Golden Triangle
The Golden Triangle houses the luxury resorts of Quinta do Lago and Vale do Lobo, together with surrounding areas of Vilamoura and Almancil. This is a great area to find delicious restaurants, buzzing bars, an active population and very easy access to the beach.
The Quinta do Lago and Vale do Lobo resorts are the priciest of choice, however these locations offer the most luxurious properties perhaps in the whole of Portugal. Vilamoura can be called affordable luxury offering impeccable facilities with tennis, spas, water sports, golf and the infamous marina. Almancil is a great alternative if you have a shorter budget, are looking for something slightly inland but still in reasonable driving distance to all the amazing local amenities.
West & East Algarve
Western and Eastern Algarve are ideal zones for those looking for a cheaper yet just as idyllic lifestyle. These are fantastic areas for expats who enjoy slightly unexplored inland and coastal living. For those who appreciate long hikes in nature, surfing, sailing and golfing coupled with warm winter days, these are fantastic areas.
Going West towards Sagres and Lagos apartments can be found starting at €150,000 and villas at €300,000. Filled with a natural beauty, traditional algarve living, made of rugged cliffs, numerous small parks and beautiful deserted beaches.
Further East towards Olhão and Tavira, property prices are similar and an extremely popular option with expats. Following the Ria Formosa for more than 60km of coastline, the fishing and port villages are filled with history of fortresses and castles.