INVESTMENT DETAILS
AVAILABILITY:
• 1 -3 bedrooms
• Price: From €252,000
• Estimated Completion: Q3 2023 / Q1 2026 (two buildings)
• Tenure: Freehold
• Rental Yield: 6%
WHY ALGARVE?
• The Algarve recorded the most overnight stays in Portugal (19.1 million) in 2022
• Won "Europe's Leading Beach Destination" at the prestigious World Travel Awards 2022
• Albufeira saw highest number of tourists in Aug 22 along with Lisbon
• Less than 40 mins drive from Faro International Airport
• Hotel occupancy rates were their highest in 20 years in January 2023
• House price growth in the Algarve is outperforming the national average
FULL DESCRIPTION
Exclusive Condominiums In Albufeira’s New Residential Neighbourhood
ALBUFEIRA GARDEN and ALBUFEIRA GREEN RESIDENCES are two private apartment communities forming part of a luxury, masterplanned multi-phase development. Albufeira Garden will complete Q1 2025 offering 1-2 bedroom layouts. Albufeira Green Residence offers 3 bedroom layouts ready summer 2023.
ALBUFEIRA GARDEN comprises 76 one and two bedroom apartments spread across three floors with a roof terrace.
On the other hand, ALBUFEIRA GREEN is composed of 56 units with three bedroom apartments spread across four floors plus a roof terrace. This development is already 83% sold.
The penthouse apartments have large private terraces, completed with a jacuzzi, while the apartments on the ground floor also enjoy private terraces.
Both developments have stand-out facilities including spacious balconies with barbecues, private parking or box, heated swimming pool for adults and a swimming pool for children, gym, solarium, and landscaped garden with plants adapted to the climate of the Algarve. Albufeira Garden also boasts a co-living room and home cinema.
An ideal community for investors, the condominiums are located close to beautiful Algarve beaches, all amenities, transportation and a private hospital. This also makes the apartments an excellent option as main residences or for vacation.
Features:
•Gated Community
•1-3 bedrooms
•62 sqm – 235 sqm
•€252,000 – €677,000
•Green Spaces
•Indoor Parking
•Common swimming pool
•Close to beach
•Air conditioning
•Large windows
•Solar Panels
•Video surveillance
LOCATION
Facing the Atlantic, with a total of 25 Blue Flag beaches, Albufeira stands out as a destination of the 21st century. The city has long been known for its ability to combine the amenities of a modern city with the traditional charm of the Algarve.
The condominiums are located in the centre of the Algarve, and just 35 minutes from Faro international airport, in the Quinta dos Figos neighborhood of Albufeira, an area carefully designed to be a residential area of villas and apartments. In a quiet but central part of town, residents can enjoy close proximity to stores, restaurants, and the Lusíadas hospital. You are also only 6 mins to the Pescadores and Oura beaches.
DESTINATION GUIDES


ALGARVE
PORTUGAL
ALGARVE
Explore our various property markets by reading our destination guides. Learn more about their culture and attractions along with insight on their merit as an investment destination.
The Algarve is one of the best places to invest in property in Europe. Sun, sea, and good rental income are just some of the reasons why investors from all over the world are loving this region of Portugal.
This stunning southern region of Portugal has always been one of Europe’s most popular tourist destinations, particularly amongst Brits looking for a place in the sun. And as tourism returns, hotspots such as the Algarve are set to be as sought after as ever.
TOURISM
Stretching along Portugal’s beautiful south coast and looking out onto the Atlantic, the Algarve offers an incredibly varied experience. For families looking for a coastal holiday, there is a host of world-class beaches and resorts. The towns offer the benefit of a buzzing nightlife, and waterparks which will keep the kids (and some adults) entertained all day.
For those who want to get away from the tourist hustle and bustle, there are beautiful whitewashed fishing villages where you can experience a more authentic way of life. The Algarve is often associated with traditional tourist resorts and packed beaches, which might not appeal to everyone. However, with more than 200 miles of coastline, there are plenty of more secluded bays to enjoy. Turning inland, you’ll also find mountainous landscapes, spectacular scenery and tranquil nature reserves.
As tourist destinations go, the Algarve has everything – with plenty of amenities, good connections and a welcoming population. Having long positioned itself to cater for tourists, English is spoken widely across the region.
With a 179% year-on-year increase in international arrivals, the Algarve is recovering strongly from the pandemic. People from around the world are returning to their most beloved holiday destination, and the future looks bright. With an estimated growth just shy of 5 per cent, the travel and tourism sector is expected to surpass pre-pandemic levels in 2023.
ECONOMY
The Portuguese economy is considered one of the success stories of Europe. After the crisis of 2008, it recovered strongly, attracting private investment and seeing GDP take a leap forward.rices rose 13% from 2021 to the end of the first quarter of 2022 based on year-on-year data. This marked the largest increase recorded since the Instituto Nacional de Estatistica started recording housing market data in 2010.
Demonstrating one of the strongest growth rates in the EU, Portugal’s real GDP increased by 5.9 per cent in 2022. In the future, tourism remains key to the Algarve’s economy, and the prospect for overseas buyers remains as it ever has been – excellent.

OUR EXPERTS SAY
“Having forwent their holidays during the pandemic, tourists have an appetite to make up for lost time. With this, we’re seeing a bumper in Algarve tourism that has pushed visitor numbers just shy of pre-pandemic levels.” “With one of the strongest economic growth rates in the EU, Portugal continues to be an attractive place for foreign investment. And, with incentives offering investors residency, the future for real estate in the area looks bright.” – Tom Haworth, Property Consultant
HOW TO GET THERE


By road
Once at Faro, the drive to the most popular destination in the Algarve will take about an hour. Driving in the Algarve is relatively easy when compared to the larger Portuguese cities of Lisbon or Porto, as the roads are generally quiet with low levels of traffic. Most visitors collect their car from Faro airport, and this saves on transfer costs and delays.
By train
The length of the Algarve rail line is approximately 140 km. It crosses the entire region from east to west, from Vila Real de Santo António to Lagos, with 30 train stations in total. The only link to other train lines occurs at the Tunes station, near Albufeira, establishing the connection with the south line towards Lisbon. Currently there is no direct train connection between the Algarve and Spain. International trains are only available from Lisbon and Porto with the connections Lisbon-Madrid-Hendaye and Porto-Vigo respectively.
By air
Air travel is the fastest way to get to the Algarve. Faro airport is only 3 hours from most European destinations. There is another small airport in the Algarve, in Portimão, though it receives far fewer flights.
By boat
There are no direct boats to the area, but there are lots of boat excursions on offer. From sailing trips to snorkelling in the Benagil Caves, there are plenty of ways to explore Algarve’s extraordinary coastlines.
WEATHER

Spring/Summer
For sunseekers, the best time to visit Algarve is between June and August. The hottest month of the year is July with an average daily maximum temperature of 30 C and average lows of 22 C.
Autumn/Winter
The coolest month of the year is February, with an average daily maximum temperature of 16 C and average lows of 10 C. The rainy season begins in November and December, meaning fewer sunny days, but the country still experiences more sun than rain, and warmer temperatures than much of Europe.
WHY INVEST
As a destination for a second home or any kind of overseas property, the Algarve will always be a popular option. An outstanding climate and a regular source of rental income when the property is vacant make the region perfect for anyone who wants a second home in the sun.
A pleasant lifestyle, with plenty of amenities, entices holidayers and expats from around the world. A relatively low cost of living compared with other major European countries also gives you plenty of value for your money.
The Algarve was named the best place to retire to by Forbes magazine for its amazing living conditions and sun-kissed climate. For anyone who’d like to spend their golden years in the sun, it remains top of the list.
Portugal has purposefully set itself up to appeal to overseas investment through its Golden Visa programme, which offers residency for people who invest €500,000 or more in Portuguese property (or €350,000 reduced option). While there are restrictions to buying property in prime areas like Lisbon and Porto, Portugal’s Golden Visa remains an extremely attractive proposition.
The market is robust, with good demand from people of all ages and all buyer types. As tourism picks up, it is likely to be familiar destinations such as the Algarve which experience the quickest pick up with alternative, off-the-beaten track locations taking longer to get back up to speed.
Overall, this is a resilient and dependable market promising good value. The uncertainty around COVID-19 has prompted investors to fall back on assets which they know and trust. Just as gold represents a popular fall back option to hedge against recessions, traditional holiday hotspots also represent reliable safe havens during challenging times.
For the short term and the long term, the Algarve will remain a property superstar.
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