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The residential markets in the Algarve are up!

ALBUFEIRA, LOULÉ AND PORTIMÃO, with house prices maintaining the upward trend in the districts of Albufeira, Loulé and Portimão.

The residential markets in the Algarve are up!

ALBUFEIRA, LOULÉ AND PORTIMÃO, with house prices maintaining the upward trend in the districts of Albufeira, Loulé and Portimão. In terms of sales volume housing prices rose more than 5% between 2015 and 2016.

According to the Journal Confidential Property, which produces statistics for the residential property market in Portugal, in the 4th quarter of 2015, housing prices have recovered in terms counterparts in Albufeira 8.3%, 5.5% and 5% Faro in Lagos, Real Estate confirming the trend that sits in Algarve. The generality of the Algarve municipalities showed a homologous rising housing price up to 5%, verifying even a considerable number of districts where the recovery was between 5 and 10%.

Albufeira, Loulé and Portimão is where it sells more and more expensive On average for the whole region, the house selling price at the end of 2016 was € 1,418 / m2.

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