The Best Property for Sale in the Algarve is Now Cheaper Than Ever!

The time for buying property in the Algarve is right now! Don't believe me? Well, let me tell you that if you are able to "buy for cash", your options are almost infinite. The fact is that that the prices of quality property for sale in Algarve have reached an all time low.

With Portugal in recession and no imminent end in sight to the country's economic problems, properties are changing hands for as little as 50% below market value. With the help of a local estate agent you can source fantastic property bargains in some of the Algarve's prime resorts; perfect for holiday homes or buy-to-let investments.

For a long while, property owners in the Algarve were reluctant to sell their properties for such low prices. Historically the Algarve has enjoyed a sustained high demand, especially for properties in prime locations, but with so many owners in financial difficulty the surplus of villas and apartments for sale in resorts such as Quinta do Lago and Vale do Lobo has risen steeply.

With no domestic buyers on the horizon and Portuguese banks refusing to lend to pretty much everyone, the "Cash Buyer" is king in Portugal's Algarve and the really good news is that the tourism sector remains strong, so holiday rental yields are as strong as ever.

Here are a few useful links if you want to check out the amazing deals on property for sale in Algarve Portugal:

Seven Quintas Lda. - Established licensed estate agent, specializing in quality property for sale in the Algarve: http://www.sevenquintas.com/

Mortgages4Portugal - Specialist in mortgages for buying Portuguese property: http://www.mortgages4portugal.com/

Norton and Mackenzie - Long term rentals in Algarve and property management experts: http://www.nortonmackenzie.com/

Arcadia Luxury Villas - Luxury Villas for rent in Algarve: http://www.arcadialuxuryvillas.com/

Tip: Let your estate agent know which type of property you are interested in before you arrive in the Algarve and they will arrange a viewing tour of relevant properties for you, so that you can see a number of property options during your visit.

Property for sale in the Algarve has never been so affordable! Good luck!