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You Need to Pay Attention to This Algarve Beach Town
As a conservative investor I like to buy in places like Portugal’s Algarve where there’s a huge mix of markets…
North Europeans come in the summer, North Americans are increasingly coming to visit and live…Scandinavians escape their harsh winters to play golf and relax around Lagos…people come from all over Portugal, Spain, France…
Last year, despite the lockdown, I hear some property owners in the Algarve were still pulling in gross yields of 7%.
Given what was going on in the world, that’s impressive…
My contact Chris rents his own villa on the Algarve each summer. As lockdowns spread rapidly around the world in 2020, Chris had most of his reservations cancel.