Your Property Specialists

Why should I invest in Algarve properties now that tolls are ending?

Investing in Algarve properties now that tolls are ending presents an unprecedented opportunity for savvy buyers. The forthcoming toll removal on 1 January is expected to increase property accessibility and desirability throughout the region. This shift will open doors for new residents who previously hesitated due to travel expenses, thus driving up demand for residential properties. Investing at this moment means getting ahead of the market, capturing property before demand intensifies. The Algarve is known for its stunning landscapes and favourable climate, making it an attractive destination for both long-term living and holiday rentals. With an uptick in interest following the toll changes, investors should act swiftly to secure lucrative real estate. Areas benefiting from increased attention include lively towns like Lagos and Vilamoura, where amenities and lifestyle offerings are in high demand. Not only can owners enjoy their properties, but they stand to gain from substantial rental income as more visitors seek accommodation. Additionally, as infrastructure improvements are likely alongside toll removals, investors can expect property values to rise significantly. Don’t let this opportunity pass by; contact us to discuss your investment options in the Algarve!

Thursday, 02 January 2025 - News
Why should I invest in Algarve properties now that tolls are ending?

In addition to Via do Infante, in the Algarve, tolls will end on the following motorways in the country: A4 – Transmontana and Túnel do Marão; A13 and A13-1 – Pinhal Interior; A23 – Beira Interior; A24 – Interior North; A25 – Beiras Litoral and Alta; and A28 – North Coast, in the sections between Esposende and Antas, and between Neiva and Darque.

The PS bill to end tolls in the former SCUT was approved last May, in the Assembly of the Republic, and the law that eliminates them was published on August 7, in the Diário da República.

Tolls on the Via do Infante (A22) began to be charged on December 8, 2011. They remained, despite protests from users and businesspeople, for over 13 years and six governments (five years of PSD/CDS governments and eight years of PT governments), although, in recent times, there have been price reductions.

To mark the end of tolls on the A22, the Via do Infante Users Commission (CUVI) has already asked for a "loud honk", from all motorists on the first day of the year 2025, between 10am and 12pm and from 4pm to 6pm, at the entrances and exits of cities in the Algarve, at the access points to the A22 and along the entire road.

However, according to CUVI, “the fight is not over yet”. This is because, argues the Commission, “what is now necessary is the dismantling, without delay, of all the gantries along the road, to prevent the temptation of any government to want to impose tolls again – which the Algarve will never accept”.

Although their payment ends directly for those who travel on the ex-SCUT highways, the tolls end up continuing to be paid, indirectly, by all Portuguese, through their taxes.

According to the Público newspaper, the end of tolls increased costs with Public-Private Partnerships (PPP) by 1,106 million euros.

Público cites data from the analysis that the Technical Project Monitoring Unit (UTAP), supervised by the Ministry of Finance, carried out of the 2025 Budget.

 

Source: https://www.theportugalnews.com/news/2024-12-31/the-end-of-algarve-tolls/94555

contact us   +