Home Property EscapeOverseas Property Enjoy luxury for less in Europe’s best value destination, the Algarve

Enjoy luxury for less in Europe’s best value destination, the Algarve

by Lilly Partin
25th Apr 24 12:14 pm

Portugal’s Algarve has been named the best-value destination in Europe in the respected Holiday Money Report, published annually by Post Office Travel Money.

The survey compares the cost of eight essential holiday purchases in 44 popular locations around the globe. The Algarve ranked cheapest overall in Europe this year, beating last year’s best-value destination, Sunny Beach in Bulgaria.

Holidaymakers’ eight essential costs compared in the report included sun cream, wine, coffee, beer, bottled water, cola, insect repellent and a three-course evening meal for two. Buying those items in the Algarve was over £3 cheaper than in Sunny Beach and £21.76 cheaper than in the nearby Costa del Sol. And the Algarve ranked as the best value globally for its wine, which came in at just £1.76 for a glass.

The Algarve’s value is further emphasised by the latest figures from Numbeo, which show the cost of living in Portugal is 26.6% lower than in the UK.

“The Algarve delivers outstanding value for holidaymakers and homeowners. Unlike some ‘budget’ destinations, it provides luxurious accommodation and a wealth of superb experiences. It just does so without the price tags that you would expect for such quality. The fact that it is such an affordable and easy flight from the UK – taking under three hours – further adds to the region’s appeal,” said, Alda Filipe, Real Estate Director, Kronos Homes

The luxurious Monte Santo resort, where Kronos Homes, recently launched real estate sales, showcases the level of luxury available to those visiting the Algarve. The five-star complex has been designed with comfort and quality firmly in mind, with a range of apartments and villas available to purchase from just EUR 279,000, as both second homes and fulltime residences. In addition to its luxurious properties, Monte Santo is home to an impressive central swimming pool, along with four smaller pools, a spa and wellness centre, a children’s play area, a magnificent clubhouse and a multi-sports court for owners to enjoy.

For more information call (+ 351) 289 353 499 or visit https://www.kronoshomes.com/en/projects/algarve/monte-santo/

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