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Property Hotspot Values in Algarve, Outstrip Rivals

13 May, 2024
Property Hotspot Values in Algarve, Outstrip Rivals

Source: Algarve Daily News

The value of upmarket property in the Algarve is set to continue to out-strip that of the rest of Portugal – and its European neighbours as well as much of North America – according to a new report.

According to the latest research by Property Market-Index, which tracks real estate trends internationally, high-end properties in the Algarve are set to increase in value by 5.6% this year. That’s nearly double that of the top 10 traditional international real estate markets in 2024.

While, overall, Portugal’s real estate market nationwide is set for a 1.2% decline, in-demand regions – which also includes areas such as Lisbon and surrounding areas, Porto, and Braga as well as parts of the Silver Coast - are set to see steady gains in 2024. This compares to an annual 2.5% decline, on average, in other European nations in 2024.

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