East of the golden triangle is over 140 kilometers of coastline which has yet to be developed . starting from Olhão and going east all the way to the Spanish border, there are many real estate and investment opportunities to take advantage of where you can get more value at a lower cost.
The lower cost/higher value real estate opportunities of eastern Algarve offer excellent property purchases for Portugal Golden Visa applicants. With one of the minimum requirements being a real estate investment of €500,000 minimum, buyers can get much more in terms of square meter and facilities.
While the glamorous Vilamoura is one of the centers of this glitzy destination, eastern Algarve is only half hour’s drive from Faro Airport. The coastline east of the golden triangle is part of the nature reserve Ria Formosa therefore there are no coastal properties to purchase but rather those more inland. Locals and visitors can always visit the Ria Formosa lagoons during the day and still appreciate all its beauty however it cannot be used for construction. This makes it less attractive for those seeking beachfront real estate.
Many prefer eastern Algarve for its lush countryside and the many lagoons and islands of the Ria Formosa Nature Reserve. Nature lovers will also appreciate the plentiful vineyards, orange groves, and traditional local activities.
Real Estate Pricing
There is a significant difference in pricing per square meter in the different areas of the region with the eastern area being much more affordable. While properties range from €4,000 to €8,000 per square meter in the more in demand areas of western and central Algarve, eastern properties can run €3,000 to €4,500 per square meter. It’s easy to find comparable properties in eastern Algarve but at nearly half the price than those in the golden triangle.
While many buyers are looking to get more for their money, many just prefer the more rustic vibe that eastern Algarve embodies. Since this area is less developed, the main buzz is usually centered around Tavira, a historic town settled along a river. This quaint town includes an attractive historic centre, Moorish castle ruins, daily markets, winding cobblestone streets, quaint buildings, and a slew of shops and restaurants.
While prices are relatively good compared to western Algarve, the rustic and charming eastern region is ‘on the up’. For those looking to purchase Algarve property get their Golden Visa Portugal, there is some beautiful real estate that meets the qualifying purchase. These properties provide many more square meters and amenities than similarly priced properties closer to the popular areas in Algarve.
Plus for those looking for a more luxurious lifestyle, then they can also take advantage of the 1,000 acre Monte Rei Golf and Country Club resort for a sample of more upscale living. There are also many upscale villas for sale in the area, many which boast amenities such as tennis courts, swimming pools, gyms, spas, restaurants, and bars.
Algarve Real Estate for Portugal Golden Visa.
For those seeking to obtain a Portugal Golden Visa, the Algarve poses attractive options for real estate purchases. While some might be set on the more popular central and western areas, it is also good to explore what might be available in the developing eastern region. Its proximity to the airport and other Algarve hotspots make it attractive to buyers who might be looking to get a bit more bang for their buck.
You can review the qualifying options for obtaining a Golden Visa for Portugal via real estate investor’s visa on Portugalgoldenvisa.net.