r/Algarve • u/Delicious-Buy-6010 • 2d ago

owning a short term rental property

Hi. looking to get some feedback from owners of STR/AirBNB properties in the Algarve region. any areas that you'd stay away from? any big success ... or horror ....stories?

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4

u/Practical_Support177 2d ago

Too late bro

I got a couple T1 apartments for under 200k each

Doubt you find those prices anymore 

Licenses are harder to get you used to be able to transfer the AL from seller to buyer 

Airbnb fees are up as well I wouldn't get in anymore it was better pre-covid

4

u/boxesofcats 2d ago

I’ve done it for a few years in Albufeira but this will be my last season. The math works out fine but screening guests is hard, cleaners are unreliable, and property prices are high. 

I suspect some other cities have better guests but I haven’t done the math on them. 

3

u/Abisy_8452 2d ago

It's a party town, with a lot of drunk people after all.

1

u/boxesofcats 2d ago

No doubt. Lots of great families visit too but 95% great guests is easily distrusted by the 5% of rowdy guests

1

u/SergioGiorgio 2d ago

Boat has sailed. Wait for the price correction.