A real estate project in the Algarve?

``When my clients contact me, I always ask them a question: What is your motivation for investing in the Algarve? The first answer is to have a pied-à-terre that they can use during their holidays in Portugal, but which they can also rent when they are away, until the day they decide to retire there. The second answer is to make a pure investment.`` Franck Chauvet, I@D Portugal.

Your real estate agent in Algarve

Franck Chauvet

00351915284051 - franck.chauvet@iadportugal.pt - Licença AMI : 11220

If you want to invest in the Algarve in this spirit but have not yet taken the plunge, here are 7 good reasons to do so!

1 - An ideal climate and a dream lifestyle.

Quality of life implies physical, mental, psychological and spiritual well-being, socialization, health, education, housing and security according to the WHO (World Health Organization).

In this sense, Portugal is at the top of all the rankings and the Algarve makes an important contribution to it (already ranked as the number 1 region in portugal and europe where it is the most pleasant to live and work).

Of all the characteristics of the Algarve, its temperate Mediterranean climate is not to be missed, with more than 300 days of sunshine a year!

2 - Algarve! a region of rapid growth

If only 30 years ago the Algarve was considered an agricultural region, today it is exactly the opposite. Vibrant, energising, bright, joyful, sparkling, the Algarve, the region that never sleeps, adapts wonderfully to all ages and tastes. Especially since the last real estate crisis, the region has experienced an increased expansion with the birth of new neighbourhoods and the construction of several luxurious houses, coming out of the ground at a more than sustained pace. All the economic parameters are green, the Algarve has counted in 2016, a record number of visitors from all over the world attracted by the climate, investment opportunities, events and festivals.

3 - Algarve, a safe life!

I would put this point, in the 3rd position, as I think it is important, essential, natural, to be able to live in total security in one’s environment, for oneself, one’s family, one’s children.

Portugal is one of the most peaceful countries in the world. In the Global Peace Index 2019′, an index that measures peace in 163 countries, Portugal is considered the third safest country in the world.

Algarve sécurité

4 - A very advantageous tax system

Portugal has one of the most advantageous tax regimes for non-residents, pensioners, skilled workers and foreign investors. In general, the regime for non-habitual residents allows a special rate of 20% on income from salaried, commercial or professional work. On the other hand, and provided certain conditions are met, they can benefit from the WHT exemption for income earned abroad.

In Portugal, there is also no gift or inheritance tax, but they may be subject to stamp duty (only assets located, or deemed to be located, in Portugal are subject to stamp duty).

There is also no wealth tax in Portugal (However, there is a tax applicable to real estate located in Portugal with a total tax registration value of more than €600,000).

Moreover, thanks to a tax treaty between France and Portugal, there is no double taxation. Foreign investors have understood this, since more than 3/4 of the buyers are based outside Portugal.

5 - A growing demand for rentals

As a holiday destination with a strong attractiveness in Tourism, the Algarve is therefore an active market for renting and selling second homes. In full expansion, seasonal rentals are favoured with more attractive prices per night or per week, which allows you to benefit from a higher return.

Portugal received the “Accessible Tourist Destination in 2019” award from the World Tourism Organization, becoming the first country to receive this title. This award recognises Portugal’s efforts to promote accessibility in tourism.

Recently, with the appearance of Covid-19, which shook the whole world, Portugal has not given up. The “Turismo de Portugal” has created, following the recommendations of the DGS (Directorate General of Health) and the ASAE (Health Security Agency in Portugal), a “Clean and Safe” health protocol label that distinguishes tourist operators guaranteeing compliance with hygiene and cleaning requirements for the prevention and control of Covid-19.

And last June 5th, Portugal was the first European country to receive the “Safe Travels” certification.

6 - An exceptional geographical location

The Algarve has excellent connections with the rest of the country and the world, thanks to its airport in Faro.

The Algarve is only 2h/3h from all major European cities, it is situated between North Africa and the extreme south-west of Europe, bordered to the south and west by the Atlantic Ocean, the Algarve shares its eastern border with Spanish Andalusia, the Algarve is the crossroads of all destinations. Bordered by sublime beaches, the Algarve is a region of paradise.

7 - Why invest? But because we are here!

Our job and our objective is to help buyers to make the best possible investment in the Algarve through a simple and quick contact with a serious and competent French-speaking Agent in the Algarve.

The quality of your investment in the Algarve is our priority, whether you are buying a house or apartment, building a villa, investing in holiday rentals, etc…. We are here to offer you turnkey services adapted to your real estate project.

Benefit from the expertise and network of a real estate agent in the Algarve dedicated to your project who will be able to advise and accompany you.

We will be happy to meet your needs and accompany you from A to Z in your real estate project in the Algarve.

A question? A project? Contact us






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