It is quite clear to see that it is still vibrant in the Western Algarve with many people visiting, looking and buying. The question we need to ask ourselves is, how long is this going to last? Maybe 2 or 3 years? What we do know is that it is a perfect time for vendors, especially the UK owners, to take advantage of the conversion rate back to the pound. The serious lack of product for sale in the area is now clearly apparent, and the prices of many of the existing properties are being raised.

According to recent figures from the SEF (Foreigners and Borders Service), investment in Portugal via the Golden Visa residency scheme in October this year was double that of September!

Cerro Novo is pleased to present this lovely two bedroomed townhouse in an elevated position within this well respected development around five minutes drive to Old Town Albufeira.
With a practical and well-proportioned layout, the townhouse features a large terrace with immediate access to the communal gardens and swimming pool, as well as two upstairs balconies from each of the bedrooms.

Patroves is an increasingly popular hillside community of mainly individually designed villas on substantial plots.

This lovely home enjoys views toward the ocean, whilst benefitting from a landscaped garden with a good-sized pool, pool deck and BBQ.

In recent months the national real estate market has been analysed by the European Commission and the Bank of Portugal, as a result they are warning of the overvaluation of property prices.

The Residential Price Index (RPI) reached a record recovery only similar to 1992, of 16.4% in May 1. However, rising prices are not the only factor to confirm the existence of a real estate bubble. One indicator to be considered, as pointed out in the Bank of Portugal‘s Financial Stability Report, is the reopening of real estate credit by the banking institutions.

This month's selection of new listings and interesting properties for you from each of the areas we cover: Silves, Lagoa, Alvor, Lagos and west.

New on the market, this spacious villa with lovely landscaped gardens, a large, heated swimming pool and jacuzzi and located in a well-kept condominium not far from town centre and beaches will be a popular choice for permanent residency, or as a home / income investment.

Located in one of Albufeira’s premier locations and within a few minutes drive to the Coast, Golf and the historic Old Town of Albufeira, Cerro Novo are proud to present this beautiful four bedroomed villa.

Stylishly designed and solidly constructed, the villa's elevated position takes full advantage of stunning south facing views across the valley to the ocean, and also features numerous terraces, a lovely pool and a bougainvillea shaded dining patio.