As we leave winter behind, it’s time to start planning for the warmer months. Spending a long and deserved season in the Algarve is a great way to enjoy life to the fullest. But with rental prices on the rise, purchasing a property in the region stands out as a wise choice that is still up for grabs.
Why Invest in a Property in the Algarve Before the Summer
Lower prices
Algarve real estate values have demonstrated consistent growth in recent years. Purchasing before the busy summer period could secure properties at comparatively lower prices before the seasonal uptick and subsequent appreciation. To give you one practical example, we have a turnkey property, fully furnished and rental-ready, costing €350,000. This amazing apartment is bound to greatly appreciate once summer arrives.
An escape from limited supply
The Algarve has strict development regulations, particularly in popular areas close to the coastline. Limited inventory combined with growing international demand means quality properties are increasingly scarce. Buying now ensures access to premium properties that might otherwise be unavailable later.
Maximum Immediate Rental Income
Buying now, before the peak summer months, allows immediate entry into the rental market when demand and rental rates are at their highest. You can capitalise on a surge of holidaymakers, potentially generating rapid returns right from the outset.
Timing for Renovations and Improvements
Buying ahead of peak season provides enough time to renovate, upgrade, or stage the property for rental, improving both rental yields and property value. This preparation phase is essential to maximising summer rental performance or even your personal comfort, if you choose to enjoy your new asset.
How to Make the Most Out of a Property in the Algarve
Purchasing a property in the Algarve now is a smart move from both a personal and an investment standpoint. Here’s why:
- You can spend the warmer season at your new place, making great savings on hotel fees or short-term rentals.
- You can rent your property and get an immediate return on your investment.
- You can do both, spending a portion of time enjoying your asset and another renting it out for good profit.
Keep in mind that, according to Statistics Portugal’s (INE) latest data, the Algarve is currently the place in Portugal with the second highest rental value in the country, only behind the capital, Lisbon.
This is bad news if you wish to spend the summer there without owning property, but it is good news if you wish to make a smart real estate investment in the region. So, from every angle, having an apartment in the Algarve is a smart move, bound to bring great savings or steady profit. With the right strategy, you can even secure both.
Properties to Buy in the Algarve in Time for the Summer
Porto de Mós Apartment | Lagos
This stunning apartment is perfectly located close to Porto de Mos beach in Lagos, inside a condominium filled with amenities and leisure options. It was fully renovated in 2020 and offers an enormous open-plan living room and dining area.
3 Bedrooms | 2 Bathrooms | Balcony | Ocean View | Fireplace | Pools | Gym | Garden | Storage | Concierge Service| Closed Condominium | Parking
Price: €735,000
Praia da Rocha Apartment | Portimão
This beautifully furnished option is located at a private condominium that has a privileged view over the Arade River, the Portimão Marina and the ocean. It’s completely ready for immediate use or rental, with the option of a guaranteed 5% return on your total investment. 
1 Bedroom | 1 Bathroom | Balcony | Ocean View | Fully Furnished | Spa | Pools | Gym | Garden | Closed Condominium | Parking
Price: €350,000
Praia de Faro Apartment | Faro
Located on the first floor of a stunning beach house, this apartment enjoys terraces on both sides, one facing the ocean and the other with peaceful views of the Formosa River stream. It doesn't get more waterfront than this.
3 Bedrooms | 2 Bathrooms | Balcony | Ocean View | Fireplace | Garden | Parking
Price: €750,000
Building in Historic City Centre | Lagos
Now, here’s a gem: with this property, you can enjoy the summer in the Algarve and get rental income at the same time. This building has 2 apartments and 2 commercial units, and it stands on a desirable corner of one of the most exclusive and picturesque, pedestrian-only streets in the charming city of Lagos. After a quick update, it can be ready for summertime holidays and business opportunities.
3 Bedro3 Apartments | 2 Commercial Units | Balcony | Equipped Kitchen | Mixed Use
Price: €1.170,000
Schedule Your Viewing Now to Get the Keys Before the High Season
Our team at the Algarve office is ready to book you an in-person or online viewing at the most convenient time so you don’t miss out on the opportunity to have the keys to your property in the Algarve in time for the summer.
Simply fill in the form below and let us present you with the perfect Algarvian property.
