Algarve property hotspots
Sep - 22 | No comments. | Portugal
Property in The Algarve is one of the most popular destinations in Europe for overseas investors, thanks to hundreds of days of sunshine every year and stunning beach-strewn coastlines.
But where are the best places to buy a holiday home?
Here are MoveWorldWide.net’s Algarve property hotspots:
Lagos has a population of approximately 20,000 residents. Typically, these numbers increase during the summer months with the influx of visiting tourists and seasonal residents.
Lagos is one of the most visited cities in the Algarve and Portugal. Due to its variety of tourist-friendly beaches, bars, restaurants, and hotels, it is renowned for its vibrant summer nightlife and parties.
Yet, Lagos is also a historic centre of the Portuguese Age of Discovery, frequent home of Henry the Navigator, historical shipyard and, at one time, centre of the European slave trade.
In 2012, travel website TripAdvisor, classified Lagos as the number one travel destination on a list of “15 destinations on the rise” worldwide.
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Albufeira is a main tourist destination in Portugal due to its coastal location.
The city has a population of 13,646 and is located 30km from Lagos, 45km from Faro and close to Paderne Castle. Albufeira is one of the leading tourist resorts of the Algarve region.
Facilities include a marina, golf courses, plus innumerable hotels, apartment blocks, restaurants and bars for the annual flood of visitors.
Loulé is a city and a municipality in Portugal.
The council has an area of 764.2 km² and houses a total population of 62,295 inhabitants.
Local attractions include the Castle of Loulé, an annual carnival, the local market and several churches.
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Tavira is a city and municipality in the Algarve, with approximately 25,000 inhabitants. The city has many 18th century buildings. A Roman bridge links the two parts of the town across the River Gilão.
The church of Santa Maria do Castelo, built on the site of a Moorish mosque, holds the tomb of Dom Paio Peres Correia. The church dates from the 13th century and the tower has been remodeled from the original Muslim minaret.
The surrounding area is still fairly rural – but this is now changing due to the demands of the tourist industry and golf courses opening in the vicinity.
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Vilamoura is a purpose built resort and marina which was started from scratch by a wealthy banker from Porto, Cupertino de Miranda.
The resort was started in 1974 and is still expanding outwards from the marine center. The resort is 14.3 miles west from Faro, its nearest airport.
Tourism in Vilamoura is extensive and well-developed, with resorts rating from 3 star to 5 star. This is a substantially higher average than the surrounding areas, which have ratings varying from 2 star to 4 star.
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The two most populous towns in the Algarve are Portimão and Faro. Portimão has 41,000 inhabitants and is known for its sporting events and the Portimão Air Show.
In the summer, a beach soccer tournament called the Mundialito de Futebol de Praia (‘Little World Cup’) is held.
The Lisbon to Dakar Rally also passes through, and there are watersports, such as surfing and kitesurfing.
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Carvoeiro is about 5 km south of Lagoa and has around 2,784 inhabitants. The picturesque fishing village, with a long history of settlement, has grown over recent decades into the main tourist area of the concelho.
It has a number of fine beaches protected by cliffs.
The name of the village derives from ‘Caboiere’, an old name for a hamlet of fishermen from the Islamic-medieval period.
For most of its history, fishing was the mainstay of the village’s local economy. However, from the 1960s onward, tourism gradually became the economic base of the area, with many new hotels, apartment complexes, shops, roads, and a significant improvement in the infrastructure.
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Praia da Luz
Praia da Luz is a village and resort located about 6 km from Lagos. Also known as Luz de Lagos or Vila da Luz, Praia da Luz, which means ‘Beach of the Light’, is used to refer to both the village and the beach.
It had its origins as a small fishing village (the industry is now only found in isolated enclaves to the west), but has been transformed by several holiday-villa complexes into a tourist/vacation centre.
Luz is dominated by its beach, which extends as far as the cliffs of the southern coast and is part of the Algarve’s Gold Coast.
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Faro is the southernmost city in Portugal and has 58,305 residents. It is the capital of the Algarve region and has a public university (the University of the Algarve), an international airport (Faro airport), a seaport, a marina, a railway station and complete inter-regional bus services.
Its 30,000-seater stadium Estádio Algarve, shared by neighboring Loulé, was one of the venues of Euro 2004. It is also used to host concerts and festivals.
In recent years, the numbers of visitors traveling through Faro airport has increased as more low-cost airlines compete to offer flights to the Algarve. The transport facilities to and from the airport include taxis and buses.
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