https://www.kyero.com/en/albufeira-property-for-sale-0l56299" rel="nofollow - https://www.kyero.com/en/albufeira-property-for-sale-0l56299

Also I recommend Helena Dias  +351 289 582 041

Is this the time to buy?  Surely there's another recession fast approaching.  You may be buying at the top of the market.  If you wait you should be able to pick up bargains.

It's an ill wind that blows nobody any good

Rule 2) Do not listen to an estate agent who only shows you new builds

Rule 3) Get an independent solicitor, do not use the one the estate agent recommends, or let the agent do all the paperwork (as they are allowed to over here) in order to save a few hundred euros.  

Dont put it off- if you find something you like and it all checks out buy it

 BTW rule 3 as AA says  is an absolute  must,  make sure you get your own independant lawyer who works for you and  your best interests. mmmm saying that finding a good one can be a problem. Maybe some members can recommend ones that can be trusted to do an honest job for you.

Sound advice above. Do check the ownershop situation carefully. Some complexes are owned by a kind of holding company, some are 'owned' by the residents and administered by a management company appointed by the resident's AGM. This is all set out in law for everyone's protection.

I also will suggest visting the apartment block at night. That way you may get a better idea of whether there are noisy neighbours, barking dogs, busy night-time traffic, a night-club nexxt door etc etc.

Just my opinion which means nothing.

I think your Mum is wise. 

Would not think the pound will go much lower against Euro after all it has had Brexit thrown at it. Had, if the numbers are believed, the worst kicking from Corona.

Looking at things the virus is not going to be going anywhere fast, fresh outbreaks all over Europe which may continue for a long time yet, hopefully not but. 

A lot of people who rely on the rental income especially high summer rental to pay the mortgage are going to be feeling the pinch. People who were maybe contemplating buying from UK France as well as Portugal and elsewhere may not be now in a position to do so.

All in all I do not think property prices are going to be surging forward anytime soon.

And Mum always knows best .

Good luck whatever you decide.

Its rarely best to delay because as you do delay it becomes I wish I had done it

Life is too short for 'if only I had done it'

Do they not really. Who are these people in serious positions? You must be a very very rich man with your great insight into currency fluctuations. I mean it only took about 5 years to get down to your predicted 1.10 last time you said it and that was due to one thing Brexit.

As I said my input for what it is worth.....

In the 2008 financial crisis house prices on average fell 20% . If things continue as they are with this virus we could hit the biggest recession in history all over Europe.

We are living in unprecedented times nobody has a glass ball.

As I said my opinion for what it`s worth.....

My spies reported a couple of weeks ago that the new block of 30 or so apartments opposite me has been completely sold. Certainly the sales board has gone. I wonder who has bought them at the thick end of €200,000 for a T1? Maybe some big investor who will get his money back by renting them to tourists at some fantastic price per week.

Good decision or what?

With the poor exchange rate of £ to € affecting potential British buyers, along with the current uncertainties about life, the universe and everything, who will be bold enough to reduce their prices to get rid of a property they no longer want? Reducing price to get a sale has never been a Portuguese thing. And who, especially British, would be bold enough to buy at this time?

Maybe not a case of no longer want. It maybe a case of can no longer afford.  The thing is it might not be their choice to reduce the price if they are mortgaged to the hilt be they Portuguese French British or any other nationality. And so starts the domino effect.

As for the euro rate to pound, Tonisdad ... you are wrong again. Here is the historical chart, starting as I said at 1.65 euros ... pound was lower than 1.10 well before the Brexit vote ... but

of course did not take part in the `euro crisis` support of many smaller nations, plus Italy .. giving sterling a `boost` in the interim period .. here is your homework ..

https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart" rel="nofollow - https://www.macrotrends.net/2553/euro-british-pound-exchange-rate-historical-chart

Trouble is that way before 2012 when you joined this forum so you can hardly have been spouting your predictions before then on here  if you remember it was mid 2013 you were giving your predictions. As I said it took about 4 years and Brexit before that came about.

So wrong again are you sure?

So how much did you make then with you wonderful insight into currency exchange rates? One thing for certain if I thought the pound was way out of sync at 1.65, as you imply you did, I would have been buying hand over fist. 

You buy euros a few cents less than the official rate, really I did not think anybody still did that.

We can all look back and use hindsight to see what did/didnt work for them but the fact remains if you wait for everything to be perfect it will be too late and the market will have moved on without you

I'm not very familiar with many other Algarve towns but, a while back, I read that Lagos' popularity has grown due to fewer crowds and its cultural authenticity??  But, given its distance from the main Lisbon/Albufeira highway (forget which hwy it is now), I would have thought Albufeira would be the more popular choice??  Has Albufeira become overpriced?

Lagos is only about 40 minutes further drive from Lisbon or Faro airport than Albufeira. I would argue that Lagos is rapidly losing its cultural authenticity because of the growing number of hotels, holiday homes and Airnbnb type lettings.

As has been said, there is plenty of money around. French buyers have been numerous this past few years, before that it was Russians. Albufeira isvery popular with English speaking people. Other towns like Faro and Portimão, which are not actually on the coast and don't have so many 'foreigners' in residence, would be less expensive for those very reasons.

There are plenty of estate agents websites (they often use the American English words 'real estate') where you can get an idea of current prices. One thing that does not usually happen here is haggling. The price is usually fixed and often as not the seller won't accept a penny less.

I often see this company's signs around town - https://www.cerronovo.com/ and these www.era.pt

It seems to be a licence to print money hence the ever increasing number of agents with ever bigger/shinier offices