New builds in Albufeira
Location and climate
Albufeira is a city in the south of Portugal, in the province of Algarve, located on the coast of the Atlantic Ocean.
The climate is hot-summer Mediterranean. Mountains protect the province from cold northern winds, and the influence of warm Atlantic currents is felt in the south. There are more than 310 sunny days a year. The air temperature in the summer months is almost equal to the water temperature, amounting to +23°С, in winter it does not fall below +20°С and +16°С (water temperature).
Why is it profitable to buy an apartment in Albufeira in a new build?
The Phoenicians founded the fishing settlement on the site of modern Albufeira. They were replaced by the Greeks, and then the Romans. During the era of Moorish rule, which began in the 7th century, the fishing village turned into a port. In the 60s of the last century, thanks to the beautiful beaches and picturesque countryside, the city was transformed into one of the best Portuguese resorts. Today, tours to Albufeira are popular among the tourists from around the world.
Services and trade are the main activities in the city. The large amount of sun makes it especially attractive for tourists and businessmen. A large amount of sunlight favorably affects the cultivation of crops such as oranges. It is Algarve oranges that are the sweetest and juiciest in Europe. The main value of the resort are the beaches: long and wide or small and cozy. They are framed by steep cliffs of dark shades and bizarre shapes, which contrast nicely with the golden-white sand. The beaches are also popular among snorkelers (a lot of crustaceans, mollusks, beautiful fish live here).
The main qualitative indicator that characterizes the province and the city is the low mortality of people over 80 years old, which is explained by the favorable climate, the absence of heavy industry, a high standard of living and quality medicine. It is in Albufeira that the highest birth rate in Portugal is recorded.
Unlike many resort towns in Portugal, it has its own public transport system. Buses of a local company connect the bus station with the Old Town, the coast, and some other areas. Faro Airport is a two hour drive on the highway towards Lisbon.
Albufeira real estate in the new builds for sale is becoming more and more popular and the demand for it is growing. The city is becoming not only an ideal holiday destination, but also the choice of those who would like to invest in residential complexes in Albufeira in order to obtain a high income from the rental of primary real estate. Many foreigners who want to enjoy their retirement life in a heavenly place just buy apartments in the residential complexes for living and recreation. A special preferential taxation regime has been created for such pensioners.
The sale of apartments from developers is carried out in compliance with the law and the quality of the objects complies with EU building standards, which is confirmed by customer reviews. The transaction is transparent and safe (Portugal is a country with a very low crime rate).
According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of space in a new home from a developer in Albufeira (apartments handed over in black frame condition) is 2605 USD.
What to visit in the city
- Zoomarine Algarve (theme park)
- Old city
- Albufeira Marina
- Shopping center
- Beaches: Sao Rafael, Falesia, Aura, Santa Eulalia, Coelha, Pescadores, Gale, Olhos de Aqua
Conditions for buying apartments in Albufeira from the developers by foreigners
Foreign investors have the right to purchase real estate in the new homes for sale without any restrictions or special conditions. They can buy apartments from the developers in Albufeira with the same rights as citizens of the country.
Purchasing an apartment in a new development in Albufeira is a profitable investment that allows you to receive a high rental income, relax and live permanently in a city with a healthy climate on the ocean coast.