For many, buying home in the Algarve is becoming an increasingly difficult investment-and at the same time, more desired. The luxury real estate market in the region is experiencing a phase of strong appreciation, with record prices per square meter and growing by national buyers.
From Castro Marim to Vilamoura, the examples of expansion developments multiply, fed by a combination of national investment, shortage of supply and bet on the premium segment.
Prices per square meter exceed € 11,000 in some ventures, with luxury houses to value more than 70% in three years. Portuguese buyers lead the search.
Verdelago Resort among the cases of greater appreciation
One of the cases referred to is that of Distrelago Resortlocated in the municipality of Castro Marimbetween Praia Verde and height.
Since 2021, the prices of apartments in this venture have valued between 50% e 65%according to the commercial director, Lucília Cruz Pintoin statements to.
Verdelago occupies an area of 86 hectares And since the launch of the residential aspect, it has sold more than 200 Units.
In the current phase, with 91 new fractions in commercializationprices vary between €725 mil and the € 2.3 millioncom Deliveries scheduled for 2027.
Prices per square meter, at this time, oscillate between €7450 e €11.450.
Portuguese buyers dominate search
According to the same responsible, the Portuguese buyers represent 80% customer base. “At this time, customers of the new phase now in launch buy in plant,” he said.
This predominance of national clients is also observed in other projects in the region, contrary to the perception that the luxury segment in the Algarve is dominated by foreign buyers.
Real Estate Confident confirms appreciation above the national average
According to Real Estate Confidentialin the last quarter of 2024, the prices of houses in the Algarve rose, on average, 13,8% compared to the same period of the previous year.
This growth exceeded the national average (11%) and those of Lisboa (5,5%) and from Porto (7,8%).
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Luxury housing values more than 70% in three years
Between the second quarter of 2021 and the end of 2023, luxury houses in the region valued more than 70%passing from € 5479 for € 9354 per square meteraccording to SUSANA WHEELSDirector General of Quinta Properties/Savills.
The responsible highlights the case of One Greenna Quinta do Lagowhere the three -bedroom cover apartments went from € 2.75 million in 2022 to € 4.2 million in 2025.
Other projects follow the same trend
No Ocean Suites at Pine Cliffsprices for T2 have gone from € 1.2 million in 2020 for € 1.3 to € 1.6 million in 2025. The T3 went from € 1.7 million to € 2.1 to € 2.2 million in the same interval.
Em Vilamourathe average value per square meter reached €5625 In February 2025, registering a gradual climb.
No Shadow resortem Soulthe most affordable apartments have risen from € 368 thousand in 2019 to €782 mil em 2025.
Faro also records expressive increases
Na Quinta de Farooverlooking Ria Formosa, a T3 that in 2022 cost € 1.09 million It is today sold by € 1.6 million. Already a T6 can reach the € 3.6 million em 2025.
The scarcity of supply and increased demand explain, according to sector agents, the continuous appreciation in several areas previously less exposed to the luxury segment.
National investment supports market growth
This continuous appreciation has also been driven by national investorscontrary to the idea that the luxury market in the Algarve is driven exclusively by international buyers.
According to the contacted operators, there are an increasing number of Portuguese to buy a holiday home (both Algarve and national), real estate for performance or second residence projects.
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