As was predicted, in 2015 the Algarve region received an increase of 20.5 percent more French visitors between January and October, an unexpected but very welcome increase, especially when it comes to the real estate sector, given the high percentage of French visitors who decided to purchase property in this region, dazzled by the beauty of the region, lifestyle, climate , good food and above all the friendliness of the people.
From all social classes, from the middle-class, upper-middle and upper class, the French have come to invest in the Algarve, taking advantage of the tax benefits that the Government is encouraging, to buy their dream home in one of the most beautiful regions of Europe. From 2 bed apartments to luxury villas worth millions of euros, these visitors show preference for contemporary properties, with modern and luxurious interiors.
Although the Algarve suffered a slight decline of national visitors, the international market increased by 5.6%, thereby increasing tourist revenue to 10.4%.
With the United Kingdom leading the chart of foreign visitors in the Algarve, countries like Spain, Germany, the Netherlands, Ireland and France are not far behind, with significant increases in these markets.
Data analyses in the sector show that the trend for the year 2016 is to increase the revenues of the tourism market. Hopefully the predictions remain accurate.