Relocating to the Algarve 

The Algarve, Portugal’s southernmost gem, beckons with its stunning coastline. Boasting golden beaches lapped by azure waters, it’s no surprise that the Algarve continues to reign as a favourite location amongst those seeking to relocate, with around 10% of the population made up of expats or retirees. 

Relocating to the Algarve offers a multitude of benefits. Firstly, the region boasts a stable real estate market, making it an attractive property investment option. With its year-round appeal, from warm summers to mild winters, those seeking affordable living costs in the sun flock to the region’s various seaside towns. 

Additionally, Portugal’s Golden Visa programme provides residency perks for property buyers, including visa-free travel within the Schengen Area. The Algarve’s stunning landscapes, excellent amenities, and high-quality lifestyle make it a desirable location for both holiday homes and permanent residences.  

Whether you’re seeking personal enjoyment, rental income, or long-term investment, a move to the Algarve offers enduring value and lifestyle benefits. Read on to discover Currencies Direct’s top favourite investment destinations in this European jewel.  

Tavira 

The ancient Moorish town of Tavira, often fondly to as the ‘Venice of the Algarve’, is steeped in history, boasting well-preserved medieval architecture, including its iconic Roman bridge and the ruins of a Moorish castle.  

Exploring its cobblestoned streets and whitewashed buildings feels like a walk-through times past. The town is home to numerous churches, museums, and art galleries, offering insights into its rich cultural heritage.  

As one may expect, Tavira is renowned for its pristine beaches, perfect for long seaside walks on golden sand and wild swimming in crystal-clear waters. Beyond its beaches, Tavira is surrounded by areas of untouched paradise, including the Ria Formosa Natural Park. This protected area is a haven for birdwatchers and nature enthusiasts, with its diverse ecosystems of wetlands, marshes, and lagoons. 

Compared to some of the more tourist-heavy destinations in the Algarve, Tavira maintains a relaxed and authentic atmosphere. It’s a great place to unwind, soak up the local culture, and escape the crowds. 

Lagos 

Also renowned for its breathtaking coastline, the former maritime hub of Lagos is characterised by dramatic cliffs, hidden coves and caves, such as the famous Benagil Cave, and golden beaches. Praia Dona Ana and Praia do Camilo are particularly famous for their beauty, attracting sunbathers, swimmers, and photographers alike. 

Lagos also boasts diverse and colourful culinary experiences. Indulge in delicious Portuguese cuisine in Tavira’s many restaurants and cafes. Local favourites can be found throughout the winding cobbled streets, with a multitude of quaint restaurants offering traditional dishes like cataplana and pastéis de nata. 

Lagos serves as an excellent base for exploring the wider Algarve region. From here, you can easily visit nearby attractions such as Sagres, with its historic fortress and rugged coastline, or the picturesque village of Praia da Luz. 

Albufeira 

Albufeira, nestled in the heart of the Algarve, invites travellers with its vibrant energy and diverse attractions. Experience the allure of its sun-kissed beaches, perfect for anything from lazy beach days to adventure packed excursions. From parasailing to dolphin watching tours, there’s no shortage of adventures to be had on the water. 

Wander through the historic Old Town, where whitewashed buildings exude traditional charm and charming streets brim with local shops and eateries.  

Those seeking a livelier sunset can indulge in the eclectic nightlife scene, with bustling bars and clubs offering entertainment till the early hours. Albufeira offers a more cosmopolitan getaway for those in search of sun, sea and European partying.  

Golf enthusiasts can also find their haven in world-class courses, including Pine Cliffs Golf Course and Salgados Golf Course. With stunning views and challenging layouts, these courses offer an unforgettable golfing experience. 

Visit our Algarve offices today 

With offices across the Algarve, in Tavira, Albuferia and Lagos, why not pop in today to chat with a member of our friendly team. Whether you’re buying a local property or looking to finance a relocation to the Algarve’s sunny shores, our beautifully located offices are open throughout the week.  

Our knowledgeable experts can guide you through our range of useful products and services, helping you to make your money go further with our exceptional exchange rates and 24/7 in-app service. 

With Currencies Direct’s exceptional exchange rates and award-winning service, you could make significant savings when transferring your money abroad.  

We offer a range of services, tailored to each customer’s individual needs. A Forward Contract, for example, is perfect for someone going through the often-lengthy process of purchasing a property, as this will allow you to fix a favourable exchange rate for up to a year. This provides plenty of time for the purchase to be complete, while your funds will avoid unfavourable shifts in the currency market.    

With 24/7 support available via our app, our team is always on hand to provide assistance and guidance whenever you may need it. Whether you’d prefer to reach out by email at algarve@currenciesdirect.com or speak with us in-branch, find out more by getting in touch today.   

Meanwhile, check out our complete guide to buying property in Portugal for more information about purchasing Portuguese property.