This is the informative website of Ricola Algarvia

A site for and by property owners.

Please feel free to browse through our articles related to owning a property in the Western Algarve (SW Portugal).

The purpose of this website is to give people who own already a property in Portugal and those who are considering purchasing a property in Portugal, a better inside view of what is involved in having a place in the sun.

Introduction:

This is a country where you probably don't know the ins and outs as you do at home, neither do you speak the language nor are you familiar with procedures and habits in this country. Sound advice and good information is to our opinion of vital importance to enjoy your stay here.

Without doubt we can say that the property and in particular the second home market during the last decades has seen many highs as well as quite a few lows. A very healthy growth after the bleak years between 1990-1996 and now we are in the middle of a dip due to world recession. However The ALGARVE always has and still is a favourite holiday destination for many people, especially the Brits as it is easy reachable and has a sound political and weather climate. It is notable that for example 60% of the properties in the Lagos district now are second home properties and betweeen 50-60% of those are owned by British people.

If you already own a property it is a must to maintain it well in order to keep it´s value as an asset. If you do not own a property yet it now seems to be the time to puchase one as it is a buyers market as never before!!!