Rental properties needed in the Algarve!

The Algarve, a traditional second home market, is suffering a shortage of properties to rent. Long term rent is a trend that is here to stay, which is causing the real estate industry a problem with finding properties to fulfill the demand.

This increase in demand for long term rental is becoming more common as it is an option for those who do not want to have the high expense of bank loans or for those who have to move frequently.

Therefore, there is a hole in the market with massive potential for investment that has never been explored before, in the Algarve. Thus, we advise our investors to acquire properties to let on a long term basis so that they can have a return on their investment with much less worry. Instead of focusing on inflating summer accommodation prices, where guests tend not to be so careful with the furniture, the investor may see their bank account getting fatter on a regular basis.