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While overall tourism figures have shown a slowdown in the Algarve, the latest statistics have revealed that for the first time there were more than 3 million overnight stays in the region during July.
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In what has been considered the best year for the Algarve real estate market since the recession (read here), 2019 has also seen some new trends emerge. The data was gathered by real estate databank Confidencial Imobiliário, in its latest report released this month. It highlighted five key trends:
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So far, 2019 has been the best year for the property market in the Algarve since the recession, according to figures released by the databank "Confidencial Imobiliário". Despite fears brought on by cooling European economies and the likes of Brexit, 6,417 properties were purchased in the first half of the year, totalling almost €1 billion.
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Portugal has come out on top as the best European country for expats thanks to the country providing a great quality of life and the ease of settling in.
According to the Expat Insider 2019 Survey from InterNations, Portugal came third overall out of 64 global destinations and was at the top of the rankings for Europe.
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The Algarve could be transformed into a ‘Mecca’ for health and wellness travel - benefitting from major investment linked to the booming €600billion global industry - according to organisers of the 2019 Algarve Tourism Conference.
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