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What this means for the Algarve and property investors Portuguese tourism is closing a historic cycle and entering a new phase. The latest figures confirm what many operators have already felt on the ground: Portugal continues to break records, but growth is becoming more conscious, more demanding, and more sustainable. In 2025, tourism revenues are expected to exceed €30 billion for the first time, representing around 10% of national GDP. With over 84 million overnight stays and 32 million passengers, tourism continues to outperform the wider economy. This is very positive news — but it also brings new challenges. At Westmark Real Estate, we closely follow these shifts in tourism and the Algarve property market. We believe this new phase creates strong opportunities for investors focused on quality, sustainability, and long-term returns. As tourism evolves, so does the property market — and the Algarve remains firmly at the center of that transformation.

Portugal remains one of the top destinations in Europe for remote workers, and the D8 Digital Nomad Visa continues to attract international buyers in 2026. For anyone considering relocating, investing, or selling property in Portugal, understanding how this visa works is essential—especially as it directly impacts demand in key regions like the Algarve. At Westmark, we stay fully informed on all visa, tax, and residency developments so we can support our clients with the most up-to-date insights.

Anyone who is buying a property in Portugal can apply for a mortgage, even when you are living abroad an buying a holiday home in Portugal. But It’s very smart to sort out your mortgage possibilities early in the buying process so you can know how much you can afford and work out the monthly payments. There are many things to consider when it comes to mortgages, our Mortgage expert Professional Ana can help you.

The Portuguese Government has introduced a proposal to apply a flat IMT rate of 7.5% on all residential property purchases made by non-residents. This represents a major change from the current progressive IMT system, where tax rates range between 2% and 7.5% depending on the property value.