Geographic Information
Description of Faro
Faro is often mistakenly assumed to be one and the same place as the Algarve, which is hardly surprising given the similarities and geographic proximity of the two regions. An irresistible magnet for international and domestic travellers alike, the way in which the seasons bless Faro throughout the whole of the year is quite remarkable. Millions of tourists descend on the beaches of Faro every year, of whom a surprisingly large proportion make the decision never to leave.
Like the rest of Portugal’s most prized coastal regions, the biggest investment opportunities in and around Faro lie in short-term holiday property lets which really come into their own during the summer months. However, the second home resale market is also not to be overlooked.
Current Property Prices in Faro
1,808 properties listed for sale in Faro
1 bed apartments:
164 listed for sale£65,944 to £612,766
Average: £271,670
2 bed apartments:
532 listed for sale£86,551 to £1,269,301
Average: £410,682
3 bed apartments:
303 listed for sale£111,312 to £2,538,602
Average: £534,339
4 bed apartments:
46 listed for sale£233,467 to £2,888,754
Average: £661,344
2 bed houses:
87 listed for sale£52,975 to £1,024,195
Average: £459,003
3 bed houses:
254 listed for sale£144,252 to £4,372,523
Average: £777,704
4 bed houses:
329 listed for sale£143,396 to £9,585,411
Average: £1,280,764
5 bed houses:
127 listed for sale£199,930 to £9,322,797
Average: £1,538,321
6 bed houses:
49 listed for sale£218,845 to £7,528,268
Average: £1,667,087