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Tourists from the UK made about 700,000 overnight stays in the Algarve in October, an increase of 4 percent compared to the same month last year.
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Along with incentives such as the Non-Habitual Residence programme and the Golden Visa scheme, Portugal is now attempting to lure expats inland with additional benefits.
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Porto replaces Lisbon in Forbes' ranking: it is considered one of the six best cities in Europe to invest in 2020. Naples, Megève, Székesfehérvár, Batumi and Rotterdam complete the list.
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In an analysis of the strongest international real estate markets going into 2020, Portugal has been named one of the hottest places in which to invest in the coming year.
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Tourists from the United Kingdom spent about 700,000 overnight stays at the Algarve hotel industry in October, a 4 percent increase over the same month last year, according to the National Statistics Institute.