The “Golden Triangle” in Portugal’s region called The Algarve, has always attracted many visitors. But now an increasing number of foreigners are seeking to stay there permanently.
A mixture of Palm Beach and The French Riviera, the Golden Triangle offers opulent homes, alluring beaches, unlimited golf, and of course plenty of sunshine. The area is just a half hour from Faro, one of Portugal’s most historic and popular smaller cities, and includes a large swath of the Atlantic coastline.
Luxury Real Estate
For people from the US, the UK, and elsewhere seeking to settle in one of Europe’s most exclusive destinations for retirement, relocation, or a second home, the Golden Triangle has it all. Luxury homes are available beginning at around $1 million and are often located in gated communities that cater to the ultra-rich.
And both new and existing homes and estates are going fast as buyers sweep up properties in this hugely popular area. For example, in the Quinta do Lago resort, home sales have increased 29 percent during the first five months of the year compared to 2020. Demand is especially strong for homes priced above €10 million.
The Best of Everything
What makes the Golden Triangle so popular? It could be the many recreational options, including gold and tennis, cycling, and even world-class surfing. Or it could be the cultural offerings such as nearby Moorish ruins and the Unesco-protected Ria Formosa lagoon and natural park. Or it might be the world-renowned international schools, nightlife, and incredible foodie scene.
Whatever the attraction, the Golden Triangle is quickly becoming the luxury destination of choice among some of the world’s most exclusive elite. It’s even home to many of the world’s most famous celebrities, including movie stars, pop singers, athletes, and more.
If you are looking for luxurious homes in a safe and vibrant community where you can rub shoulders with some of the world’s most celebrated personalities, consider buying property in Portugal’s Golden Triangle.