Algarve rental agents are reporting the busiest weekend of the year this coming weekend, and August set to be a good month for the tourism industry as a hole.
This is welcome news for Portugal’s economy and for the Portugal property owners who rely on renting their properties out for the summer to pay their mortgages.
Enquiries for properties has seen an increase over the last 6 months, and although bookings are not what they were a few years ago, they are better than expected.
The Algarve has always been a “safe bet” when buying property overseas , and rental income has been one of the constants. Although this has suffered over the last 18 months, we hope that this signals something of a revival and look forward to more visitors towards the end of the year!