Less than 20% of home investors in the Algarve region are Portuguese. The remaining 80% of buyers are foreign citizens, namely British nationals, according to Engel & Völkers.
German multinational specialising in luxury real estate reveals in a study the main characteristics of the group of investors in the Algarve region. Around 90% of buyers who invest in the Algarve are buying second homes.
British nationality is predominant, but other nationalities are also interested in the region, such as German, French, Swedish, Swiss and Dutch. The study also shows that the number of US investors is also increasing significantly.
In The Portugal News