More quiet, more security, less urban pressure and lower prices, these are the advantages that lead the financial newspaper ‘Financial Times’ to recommend the Leeward, in particular the area between Olhão and Vila Real de Santo António, a less exploited area of the Algarve.
The English newspaper focuses on this area of the Algarve from the economic point of view, emphasizing that the tranquility of the region is combined with the possibility of making investments with greater returns. Prices have remained stable since the 2008 crisis, only slightly rising as the French and Scandinavians grew in interest, according to real estate consultancy Knight Frank, quoted by the newspaper.
The best example for the Financial Times is Tavira, a “historic town with an attractive river landscape, ruins of a castle and decent shops and restaurants”. Real estate prices are very affordable for the British. “It’s definitely possible to have more for less in the show than in the center of the Algarve,” says David Holder of Fine & Country.
Around Tavira, there are other important attractions for tourists, such as the resorts in Cabanas de Tavira or Monte Rei – Golf & Country Club, prices are far below those practiced in other areas of the Algarve, such as Quinta do Lago. “Residents discover the luxury of having more space and peace, away from the urban pressure of the central Algarve,” says Salvador Lucena, director general of Monte Rei.
Economic and political stability, coupled with a significant drop in crime (26% from 2010 to 2015) and a drop in the unemployment rate are other factors that lead the Financial Times to recommend to its readers investments in this area of the Algarve.