Portugal mortgages - The Algarve

Increasing amounts of UK residents are looking to Portugal for purchasing a property abroad, and as Portugal's most popular tourist destination, it is no surprise that the Algarve is a hot spot for mortgages in Portugal. So high is the demand for properties in the Algarve that there are now English-written publications and newspapers that cater especially for the UK ex-pats.

The Algarve is hilly and carved out with rich valleys as well as islands and islets. Since the 1960's it has been a popular tourist destination, with sun seekers attracted to its beaches, Mediterranean climate, relative safety and low costs. The demand has led to large developments taking place to cater for the area's popularity, a factor which despite advantages has also led some areas to now lack the once unspoilt beauty that made it so attractive in the first place.

If you are looking for a Portugal mortgage to buy a more traditional Algarve property, by moving away inland from the main tourist spots you can still find a property that is very much in keeping with the traditional Portuguese style. However, for those looking for investing in a rental property, despite the aesthetic drawbacks of more modern ‘tourist friendly' housing, the majority of those looking to rent out holiday accommodation will look for the main hub of the area, which will mean investment is advised in the tourist friendly locations.

For all your Portugal mortgage needs and advice, Conti mortgages overseas are the experts to assist you through every step of the way. Since 1994 the mortgage specialists at Conti have helped its customers to arrange their overseas mortgages; simply call + 44 (0) 1273 772811 and speak to one of our experts now.