• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Countries Portugal

Carvoeiro Offers The Best Opportunity For Rental Property In The Algarve

Kathleen Peddicord by Kathleen Peddicord
Jul 07, 2015
in Portugal, Real Estate
0
The Best Opportunity For Rental Property In The Algarve
219
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

The Best Choice For Living, Retiring, And Investing On Portugal’s Algarve Coast

“Of the many towns and villages along Portugal’s Algarve coast, Carvoeiro is the nicest.”

That’s how the property agent we met with yesterday afternoon began the conversation. You could be tempted to dismiss her position on Carvoeiro, discounting it as propaganda meant to help promote the town where this agent makes her living selling real estate. Except this agent is an expat herself, originally from Romania, who chose not only Portugal’s southern coast, but Carvoeiro specifically, when she decided to relocate and reinvent her life.

“I traveled all over Southern Europe and all along the coast of the Algarve, considering many different options for where to move,” she explained. “I chose Carvoeiro because it has a homey feel.

“Carvoeiro is nothing like Albufeira to the east, with its high-rises and packaged tours. In Albufeira, the tourists are rowdy. They drink too much… they get into fights with each other. We have none of that in Carvoeiro. Life is much quieter and calmer here. We have nightclubs, too, and great restaurants. You can go out at night and have a good time, but you don’t have to worry about anyone causing any trouble. It’s safe here… peaceful.”

Low-rise Carvoeiro is a destination for all ages. Families with young children play on the beach, older couples hold hands as they meander through the small town center, and young ladies take the sun topless, as is the custom in this part of the world. But for that last segment of the demographic, you could imagine this a Euro-Mayberry by the beach.

Albufeira to the east is this coast’s party town. Lagos to the west is a walled city with some of its original Roman walls and fort intact. I like history and old buildings, so, if I were looking for a place to live on this coast, Lagos would tempt me. In the center’s old-town heart, you can find aged apartments with tall, shuttered windows and classic-style moldings and other finishings. These are in limited supply, and property agents aren’t interested in talking about them. You’d need to seek them out on your own, on the ground. The reward would be a little piece of history in one of the most historically important regions of Europe and the world.

For, in the Middle Ages, this region was believed to be the end of the world. Specifically, the town of Sagres, a bit to the west, situated on the point of this wedge of earth, was highlighted on ancient maps as the Promonturium Sacrum… the end of the known world, beyond whose sheer cliffs lie only the uncertainties of the ocean.

Six-hundred years ago, bold men from this cape conceived and constructed sailing vessels that, they hoped, would allow them to face the open Atlantic and navigate successfully toward the unknown. Henry the Navigator built a fortress here that is worth a look today.

All things considered, though, I agree with the property agent we spent time with yesterday afternoon. While I’m personally drawn to the centuries-old buildings of central Lagos and while other towns along this coast, including Sagres, are worth visiting, Carvoeiro is the most sensible choice for where to spend your time and money.

Specifically, Carvoeiro would be the place to buy an apartment for rental. Property prices are higher in Carvoeiro than in Lagos and other nearby towns, but rental prices and occupancy rates are higher, too. Peak season is June through September, and you should have no trouble keeping an apartment rented during those four months. One apartment we looked at, priced at 165,000 euros, would rent for 1,000 euros per month in season, meaning you could achieve a reasonable return renting those four months only. You could have use of the place the other eight months of the year yourself if you wanted.

Or you could continue to rent it out. We’ve been assured there’s rental demand here outside the summer season, thanks to the many golf courses, which attract golfers year-round.

Lief and I are off now for more property viewing. I’ll pick up here tomorrow…

Kathleen Peddicord

 

Continue Reading: Readers Planning To Retire To Algarve, Portugal

Tags: expats in the Algarveliving in portugalliving in the Algarveproperty in Carvoeiroproperty in portugalproperty on the Algarvereal estate in Carvoeiroreal estate in portugalreal estate in the AlgarveRetire To Portugalretire to the algarve
Share88Tweet55
Previous Post

Readers Planning To Retire To Algarve, Portugal

Next Post

Sales, Income, and Property Taxes In Portugal

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Waterford City, Ireland
Ireland

Buying Property In Ireland Wasn’t What We Thought It’d Be

by Kathleen Peddicord
August 3, 2022
0

Real Estate Hunting With Mr. O'Shea "This one isn't old either," I whispered in Lief's ear so that Mr. O'Shea...

Read more
Panorama of the city of Porto in Portugal

News From Readers Living And Retiring In Portugal

July 31, 2022
Sunrise on the Monte Gordo beach, Portugal

Rent Cost: Comparing U.S. Markets Vs. Overseas Markets

July 28, 2022
Senior man working on his laptop lying on deck chair on the beach during sunset

7 Easy Ways For Making Money Overseas Quickly

July 19, 2022
Luxury Cedar cabin home with Large pine tree and pond

11 High-Risk Property Investments To Avoid

July 18, 2022
A quaint little town in Italy with bright blue waters and colorful buildings

Things To Consider When Buying Property With A Different Currency

July 15, 2022
Narrow historic street with old buildings in Toulouse, France

Should You Rent Before You Buy? The Pros And Cons

July 14, 2022
Next Post
Property taxes in Portugal

Sales, Income, and Property Taxes In Portugal

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







Get Your Free Portugal Report Today!

​​Simply enter your email address below and we'll send you our ​FREE REPORT — Portugal: The World’s #1 Retirement Haven.

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

The World’s Best Places To Be In 2022?

Discover Them Here…

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Get Your Free ​Portugal Report Today!
 

​​Learn more about ​​PORTUGAL ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT — Portugal — The World’s Number #1 Retirement Haven