In 2024, tourism is booming, and you will make a smart choice by investing in a seaside villa. The demand for housing in popular tourist regions is higher than ever, and rental properties are always booked.
Since October 7, 2023, Portugal has banned short-term apartment rentals, stopping new licenses and canceling many existing ones. However, detached houses and villas are still rented out for short stays, and these properties are very attractive to investors. With fewer apartments available, detached houses will enjoy higher demand from tourists who want to spend a week or more in Portugal.
The International Wealth team suggests you take a look at these three promising investment opportunities in Faro, a historic center in the Algarve province:
- Three-bedroom villa with a swimming pool and garage: It is ideally located, with construction expected to be completed by March 2024.
- Three-bedroom villa with a barbecue area, swimming pool, and garage: The property sits near the beach in the resort town center.
- Large villa with a terrace: You will find this villa on the golden coast of Algarve that international tourists fancy so much.
Villa in Carvoeiro
The villa in Carvoeiro is a stunning three-story home that embodies practicality and comfort.
Ground floor
The ground floor comes with water supply, sewage, and electricity. You can transform this spacious area into another bedroom or an art studio, Eventually, it all comes down to what you prefer.
First floor
As you go upstairs to the first floor, you can see an entrance hall leading into the main living areas. This floor features:
- well-appointed kitchen
- cozy living room
- bathroom
- terrace that is perfect for relaxation and entertainment.
Second floor
The second floor houses:
- two bedrooms
- shared bathroom
- study.
Both bedrooms come with private balconies. One of them offers stunning sea views, which turn it into a peaceful getaway.
Rooftop
The villa’s rooftop has a spacious terrace. It is an ideal place for you to soak up the warm Algarve sun and enjoy breathtaking panoramic sea views.
Property details
This property offers a well-designed living space in a three-story building. It has a total area of 160 sqm, with 110 sqm for comfortable living. The house sits on a 125 sqm plot. It includes a spacious living room, two bedrooms, three bathrooms, a study, and balconies.
Most windows face south, so you will enjoy plenty of natural light throughout the day. Located just 1 km from the sea, the villa is also close to amenities like a supermarket and the beach. Public transport stations are nearby.
The house comes with an air conditioner, electric blinds, a refrigerator, and an electric stove that has a glass ceramic cooktop. With an energy rating of D, this property combines comfort and efficiency. It is a great choice, if you are looking for a well-located and practical living space.
Villa in Alvor
This modern villa is a masterpiece of design, both inside and out. Close to the city center, it offers easy access to the breathtaking beaches of Portimão, golf courses, and tennis courts. The charming fishing village of Alvor and the lively town of Lagos are just a short drive away. The villa sits on a 405 sqm plot, surrounded by a lush green garden. This property is not just a home but a lifestyle. Wonder why?
First floor
- open-space kitchen and dining area
- spacious living room perfect for watching TV
- cozy home office
- bathroom
- utility room
- direct access to the garden with a swimming pool and barbecue area.
Second floor
- three bedrooms with closets
- two bathrooms.
On both floors, you will enjoy large windows with plenty of sunlight.
Living options
In the spacious Alvor villa, you will find flexible living options. You are welcome to live here all year round, use it as a vacation home, or rent the property to tourists. The construction will be finished by March 2024. The developer offers free help with interior design, and there is no fee if you apply for a mortgage to buy the villa.
This property covers a total area of 273 square meters, with 95 square meters of living space, all on a 405 square meter plot.
Outdoor features
- beautiful garden
- open-air swimming pool
- two-car parking
- fence.
Convenient location
Your new villa will be close to:
- school
- green areas
- pharmacy
- hospital
- beach
- taxi stand
- public transport.
For families, there’s a nearby playground. For shopping and daily needs, you are welcome to come to the nearby bank, shopping center, or supermarket. The downtown area is also close by. Worried about your safety? Visit a police station that is a short way off.
Energy efficiency
The villa has an impressive energy rating of A, meaning it is both energy efficient and sustainable.
Villa in Lagos
This beautiful three-story house in Lagos sits on a large 639 sqm plot. Thanks to the big windows, it is sunlit and joyful, with a living area of 215 sqm.
The villa has 6 bedrooms, which is perfect for a large family or hosting guests. Each bedroom is roomy and comfortable, providing a cozy personal space. The villa also has several common areas:
- large living room
- dining room
- kitchen
- recreation area.
Located in a quiet and safe neighborhood, the villa is close to:
- supermarkets
- restaurants
- cafes
- shopping centers.
Whether you choose to live here comfortably or rent out the rooms to tourists, the property is a great buy for those who favor both luxury and practicality.
With six bedrooms spread over three floors, the villa has plenty of space for comfortable living. The total area is 275.6 sqm. Your property also includes a garage for secure parking and has an energy rating of D.
Invest smartly in lux properties with International Wealth
Check out the prices for these villas: you will discover that they’re very affordable! Just over half a million euros for a six-bedroom house? That’s a fantastic deal! If you’re interested in investment opportunities in Portugal or anywhere else, check here or feel free to get in touch with the International Wealth team. We’ll get back to you quickly, no matter what contact methods you prefer.