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The Algarve, already known for attracting discerning vacationers and savvy investors, now boasts another impressive distinction: top holiday value.
According to a recent study, this stunning Portuguese coast reigns supreme when it comes to affordability. A ‘barometer cost’ of just £58.95 proves that the Algarve delivers luxury without the extravagant price tag.
The study highlights outstanding value, particularly for dining and drinks. Indulge in a fine wine for around £2.80, or enjoy a delicious three-course meal for two, complete with house wine, for approximately £40.33.
Compared to other vacation destinations, the Algarve provides better value than Cape Town (£59.84) and Tokyo (£63.34). Even budget-friendly locales struggle to compete.
“While the Algarve has consistently been a top contender for value since 2010, it has often been pricier than long-haul destinations. This makes the Algarve a clear winner for those seeking an affordable escape,” says Laura Plunkett.
The region’s incredible affordability extends to the property market, making it attractive to prospective buyers. As a respected destination with demand for quality properties, Algarve real estate presents a compelling investment, whether for personal enjoyment or an income stream.
Reach out to Algarve Home Sales to discover your ideal property.