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Why should I invest in Algarve real estate with tolls being removed?

Investing in Algarve real estate is increasingly appealing now that tolls are being removed. The elimination of tolls will enhance the overall accessibility of the region, making it more attractive for both homebuyers and investors. With easier and more cost-effective travel routes now available, the potential for increased property demand is significant, leading to higher values and better investment returns in the near future.

Algarve offers a host of benefits for property investors, including beautiful coastal views, excellent weather, and a lively lifestyle paired with a rich cultural heritage. The removal of tolls will further encourage growth in the region, with families, retirees, and overseas buyers all keen to make Algarve their home. This could lead to a rise in rental opportunities, providing a steady stream of income for those who choose to rent their properties.

The variety of properties available, from luxury villas to town apartments, makes Algarve a flexible market. It’s perfect for individuals looking for a holiday home or investment property that can yield long-term returns. Plus, the area is already known for its tourism appeal, which remains a significant driver for the local economy.

By acting quickly, you can secure a property before the market fully reacts to the end of tolls. Invest in your future in Algarve, and take advantage of this pivotal moment in the property market. Don’t hesitate to initiate your property search! Contact us to discover how we can assist you in finding the perfect investment.

Thursday, 02 January 2025 - News
Why should I invest in Algarve real estate with tolls being removed?

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

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