&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;em&gt;Got a dose of the January blues? Then cheer yourself up by thinking about that home in Portugal you’ve always wanted. We’ve listed seven reasons why buying property and living in Portugal is as appealing in 2024 as it’s ever been. What are you waiting for?!&#160;&lt;/em&gt;&lt;/p&gt;
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&lt;p&gt;&lt;strong&gt;&lt;br&gt;1. Value For Money - you don&#39;t need to be rich to live a luxury lifestyle!&lt;/strong&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/leubkoot/shutterstock_391561570.jpg&quot; alt=&quot;Friends enjoying wine on the beach&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;br&gt;Certain pockets of Portugal are popular with celebrities and the jet set - but the country serves more ordinary budgets just as well, and often, even better. That&#39;s why in 2024 it remains one of Europe’s best value tourist destinations. Whether it&#39;s fresh seafood in beachside restaurants, sumptuous local wines, or just your weekly supermarket shop, it&#39;s possible to live a fabulous lifestyle without breaking the bank.&lt;br&gt;&lt;br&gt;And don’t just take our word for it: the Algarve is the fifth best value holiday destination internationally, according to the current Post Office Travel Money Holiday Money Report (2023). In Europe, only one resort in Bulgaria and one in Turkey are ranked above it!&#160;&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;&lt;br&gt;2. Resilient Property Market &lt;/strong&gt;&lt;/p&gt;
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&lt;p&gt;Portugal’s unwavering appeal to international buyers, combined with its controlled approach to development, should keep its property market buoyant in 2024, predict analysts. Estate agents expect some downward pressure on prices over the near-term, but see a positive uptick for the 12-month outlook, said the latest report by RICS (Portugal) published in January.&lt;br&gt;&lt;br&gt;And how about this? Lisbon has just been ranked the 8th most attractive European city for property investment in 2024. That puts it above Barcelona and Frankfurt. This is the Portuguese capital’s highest ranking to date in the annual ‘Emerging Trends in Real Estate’ report by PwC and the Urban Land Institute. &lt;br&gt;Buy with your head, be guided by your Ideal Homes agent and a Portuguese property purchase in 2024 should be a reliable long-term investment, whether your primary home or a holiday let.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;&lt;br&gt;3. Affordable Visas&lt;/strong&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/hnvfmiss/news-23-a.png&quot; alt=&quot;visa approved&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p&gt;Portugal remains one of the most financially accessible European countries to move to permanently, even for non-EU citizens. From 1st January 2024 the amount of monthly passive income, such as a pension, needed to be eligible for its popular D7 visa is just €820 (€9,840 p.a.), with an extra 50 per cent required for a spouse. Not bad considering the UK’s new State Pension is set to rise to &#163;11,502 p.a. (€13,340) after the scheduled rise in April.&lt;br&gt;&lt;br&gt;Entrepreneurs might consider the D2 visa or the new version of the Golden Visa, which offers flexibility but no longer applies to property investment.&lt;br&gt;&lt;br&gt;Growing in popularity is Portugal’s digital nomad visa, offering workers from outside the EU the chance to working remotely here while enjoying the fabulous lifestyle. Many larger towns, including Portim&#227;o and Lagos, now have co-working spaces to cater for digital nomads – we can expect this trend to grow during 2024.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;&lt;br&gt;4. Gastronomy with Star Quality&lt;/strong&gt;&lt;strong&gt;&lt;br&gt;&lt;/strong&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/bdideb3t/shutterstock_1673466013.jpg&quot; alt=&quot;Pastel de nata&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p&gt;From sardines and seafood to piri-piri chicken and delicate pastries, a highlight of being in Portugal is its food (and wine). The country has all types of restaurants, from world-class fine dining spots to traditional ‘tascas’.&#160;&lt;br&gt;&lt;br&gt;This year marks a milestone in the country’s gastronomic history, with the launch of the first ever dedicated Michelin Guide for Portugal. Until now it has shared a Guide with Spain. To celebrate the launch of the Michelin Portugal Guide 2024, an exclusive gala event will take place at the end of February in the NAU Salgados Palace &amp;amp; Congress Centre in Guia, Albufeira. Portugal has an impressive 38 restaurants with Michelin stars. Thirty-one of these have one star while seven have the highest two-star rating, with two of these being in the Algarve. Eating out here can only get better…&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p&gt;&lt;strong&gt;&lt;br&gt;5. Better Choice of Flights&lt;br&gt;&lt;/strong&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/odhhlbcg/shutterstock_707735803-3.jpg&quot; alt=&quot;Plane flying to Portugal&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p&gt;Getting to Portugal is set to get easier this year, thanks to a raft of new routes from various airlines. These include Jet2, which has announced an increase in capacity to Faro this summer, EasyJet’s new Southampton to Faro route launching this summer and BA Cityflyer’s new weekly service to Faro from Derry City also for summer 2024. Good news for Americans is United Airlines’ new direct flight between Faro and New York, kicking off in May and operating four times a week.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p&gt;&lt;br&gt;&lt;strong&gt;6. Motor Racing Takes Pole Position&lt;/strong&gt;&lt;/p&gt;
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&lt;p&gt;The Algarve’s profile as an internationally acclaimed motor racing destination is going from strength to strength after a bumper year at the Algarve International Circuit (AIA). The circuit near Portim&#227;o hosted a record number of events in 2023, including World Superbike and MotoGP World championship races. Numerous corporate days and F1 testing took place there too. More of the same is expected throughout 2024, attracting tens of thousands of fans at a time. For your own piece of the racing action, why not consider investing in an apartment at the &lt;a href=&quot;https://news.idealhomesportugal.com/algarve-race-apartments&quot;&gt;Algarve Race Apartment&lt;/a&gt; complex, located within a few hundred metres of the race track.&#160;&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p&gt;&lt;br&gt;&lt;strong&gt;7. Even More To See &amp;amp; Do...&lt;/strong&gt;&lt;/p&gt;
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&lt;p&gt;Exciting new attractions continue a pace in the Algarve and Lisbon area in 2024, adding to Portugal’s international appeal. Look out for the Underwater Art Exhibition near Albufeira and a stunning new walkway through a gorge in Monchique. &lt;br&gt;&lt;br&gt;Increasing the region’s attractiveness to elite international sports teams, a high-performance centre called Match Lagoa opens in the spring, offering professional training pitches and facilities alongside its world-class hotel. Work on the Algarve&#39;s first Hard Rock Cafe Hotel resort in Praia do Vau, Portim&#227;o starts in 2024 too, with the opening scheduled for 2026. &lt;br&gt;&lt;br&gt;On the west coast around Lisbon, surfing is an increasing attraction with two dedicated surf resorts now in the pipeline – construction of one, Surf Parque in &#211;bidos, begins this year. Elsewhere, a landmark infrastructure development, the new Faro Bridge connecting Faro town with Praia de Faro island should be completed by the summer, making this stunning stretch of the Algarve more accessible to tourists and homeowners.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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&lt;p&gt;&lt;em&gt;&lt;br&gt;There are so many good reasons to consider a new life - or a holiday home - in Portugal, and in truth, we could continue all day long. But the best thing to do is come and see for yourself! &lt;a href=&quot;https://www.idealhomesportugal.com/contact-us&quot;&gt;Contact us&lt;/a&gt; now, tell us a little more about what you&#39;re looking for, and let our friendly team organise your visit to the Sunshine Coast in Portugal!&lt;/em&gt;&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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Seven Reasons to Buy in Portugal in 2024

Got a dose of the January blues? Then cheer yourself up by thinking about that home in Portugal you’ve always wanted. We’ve listed seven reasons why buying