IP03

86 // iberian.propery / 2017

dossier// ISSUE: TOP IBERIAN cities

Algarve: the main

destination for residential

tourism in Portugal

With an exceptional weather and some of the most beautiful and

welcoming beaches in the world along 200 km of coast, Algarve has

long positioned as the main Portuguese tourist destination.

Establishing itself as the main economic mo-

tor, tourism is responsible for ca. 60% of total

employment, and 66% of regional GDP; it also

boost one of the property-touristic market more

dynamic in the country.

The presence of some of the best European re-

sorts andworld class golf-courses has helped to

the fact that over the last few years efforts have

beenmade to qualify the offer, seeking to attract

clientswith greater purchasing power. The region

has the largest share of residential tourismstock,

integrated in a resort environment at national level.

On the demand side, Algarve has long posi-

tioned as the main foreign investment desti-

nation regarding property-touristic in Portugal.

UK citizens take the lead among foreign buyers,

followed by France, Benelux and Scandinavia

with regard to the main investing nationalities.

Area: 4,997 km²

Capital: Faro

Resident population:

444.390 inhabitants

Population Density:

90.3 inhab/km²

Weather: temperate

Mediterranean, with more than

3000 sunny hours per year

Tourism: 18 million nights spent

(14.2 from foreigners), over 1.3

million rounds of golf in 2016

Faro International Airport:

more than 7.6 million

passengers in 2016

source: INE