With its diverse offering, from lock-up-and-leave apartments and cosy townhouses to private villas, the Algarve has something to suit every homebuyer's needs. But if you're in the market for a luxury home, then this is most certainly the place to find it.

As of August 2024, of the over 12,000 high-end properties in Portugal, the Algarve accounts for almost a quarter of homes priced over €1 million, according to a recent idealista study.

The region's stunning coastal scenery, combined with a warm climate, privacy and Mediterranean lifestyle, makes it a desirable destination for affluent buyers, capturing 24.9% of the market.

It's hardly surprising. The Algarve offers ample land that allows for spacious, private villas with swimming pools, gardens, and often magnificent views, offering both luxury and seclusion yet with well-connected infrastructure and nearby amenities.

Only Lisbon surpasses Faro, holding 44.6% of the luxury market, while Porto trails in third place with 11.2%. Together, these three districts represent 81% of the high-end property market.

The study also reveals that other areas like Setúbal and Madeira contribute smaller shares, while regions such as the Azores have minimal offerings.

So whether you're looking to invest in a luxurious holiday home or a permanent residence in the Algarve, the region's real estate market is brimming with options – but they don't stick around for long.

For expert guidance and access to the finest properties, consider reaching out to a reputable local estate agent. Algarve Home Sales can help you find the perfect home to match your dream lifestyle.