Welcome

Properties For Sale, English Speaking Estate Agents. We have the Largest Inventory of Villas, Land to Develop, Ruins, Cottages, Farms and New Homes in the Algarve, Portugal.

We are located in Monchique, Algarve - Portugal´s best kept secret! We have a wide range of properties to suit every client, including building lots, luxury homes, cottages, apartments, town houses and farms in the Western and ”Upper Algarve” We have villas and sites with superb views of the coast or surrounding mountains.

Monchique, truly the best place in the Algarve to invest, not sure about that, then come and see why, you will not be disappointed!

Has There Been A Better Time To Buy?

Property prices have fallen over the past 3 years due to the global recession, however in the summer months of 2011 Monchique has seen a positive increase in demand and this has reversed the trend. Government statistics show a decline in foreclosures and bank repossessions and none at all in Monchique for over 12 months.

No such thing as a - Property Bubble - in Portugal!

Real Estate Bubble Study, (The Portugal News 12 Nov 2011)

Researchers have revealed this week that Portugal was one of the most resistant countries to slumps in property prices which have affected a series of countries across the globe, most notably the US, Ireland and Spain.

According to research funded by Portugal’s largest bank, CGD, there was no property bubble to burst in Portugal, as there was no rapid increase in real valuations of housing to unsustainable levels.

Using data supplied by the European Central Bank and a series of prominent sources, the study, entitled Acualidade do Sector Imobiliario Residencial: Ajustamentos e Desefios says that Portugal, like Germany, emerged relatively unscathed from the housing bubble burst.

Between 1996 and 2006, the accumulated real valuation of housing prices exceeded 80% in the US, Holland and Greece, 110% in Spain, 140% in the UK and 180%in Ireland, the report reads.

At the opposite end is Portugal and Germany, where growth was under 10% during the same period.

As a result, Portugal did not endure brutal corrections to the cost of housing in the years that followed the highs of 2006 and 2007.

To find out more about Monchique and Algarve, Click Here!

The Algarve is about 140 kms from Vila Real St. Antonio in the Eastern Algarve to Sagres in the Western Algarve and West Coast and just 50kms from Albufeira on the South coast to the Alentejo border. It is a relatively small area until you discover how many estate agents there are in the Algarve. Whether it be a holiday home, retirement villa or ruin to renovate, then the property search area becomes huge. The first thing to do is to narrow it down by eliminating places that are not suitable. This is fairly easy if you have spent many weeks here on holiday and have toured around extensively as by then you will probably have decided where you would like to settle.

The road system in the Algarve is fairly extensive and you will find all the major towns, Lagos, Portimao, Carvoiero, Monchique, Silves, Albufeira, Vilamoura, Loule, and Tavira are all within an hours drive of Faro airport.

If you are making your first visit or you have only been here a few times then it would be a good idea to do some serious touring around on your next trip. You may prefer the flat and more arid areas of the Eastern Algarve, Tavira, Loule, and S. Bras, or the more green and picturesque areas of the ”Upper” Algarve, Monchique, Marmelete, and Alferce, perhaps it´s night-life and bars that attract, then the coastal resorts of Lagos, Portimao, Carvoeiro, and Villamoura could be suitable. Whatever you prefer you should be able to circle your most liked areas on the map before you even start to look at properties.
Once you have narrowed down the property search area we need to consider type and size of property that fits your budget and accommodation requirements, armed with this information we will help you turn your dream for the Ultimate Property into Reality.

We promise to find you your dream Villa, Apartment, cottage, home or whatever you are looking for. We hope to hear from you soon!

Frequently Asked Questions

First Reality Estate Agent Mediação Imobiliaria AMI-7198

Email: firstreality@sapo.pt

EN 266 Meia Viana,
8550-307 Monchique,
Algarve, Portugal

Tele: +351 282 911 838
Fax: + 351 282 911 839
Mobile: +351 918 524 233

First Reality Estate Agent is a government licensed real estate agency, “imobiliaria” in Algarve Portugal. The director Susana Barreira, formerly of the well known Alpha Property Centre in Silves, has many years experience in selling all types of properties, from ruins and cottages to renovate, land and plots for building new houses, farms and quintas to luxury villas and holiday homes.

To satisfy the demands of the expatriate market they have diversified into project management and their sister company First Projects Lda, handles the construction of new homes and the renovation of older houses. Excellent working relationships have been established with reliable builders and architects to ensure the smooth transition from plot or ruin into your dream holiday home or villa. They can also advise on self build, timber or wooden houses, and the reconstruction by owner builders.

The estate agency always has a huge portfolio of property for sale, including houses and villas with views of the coast, affordable apartments or town houses, farms with land for horses, cottages with barns for conversion, homes with extra accommodation for letting. Homes suitable for buy to let, buy to sell, buy to live. For those who have the time and ideas there are plenty of building plots or renovation projects to see. Whatever your property search is, 1streality can find the best properties in the Algarve for you to choose from. They pride themselves on being one of the best estate agencies in Algarve Portugal.

They have property for sale in Monchique and the surrounding mountains with stunning views of the South coast, Aljezur and the unspoilt West coast, Sao Marcos da Serra and northwards to the lower Alentejo, Silves and S B Messines. The villages of Alferce, Casais and Marmelete are typical villages of the Serra da Monchique and offer all the charm of yesteryear yet within easy reach of shopping, beaches and golf courses. If it is a retirement home or holiday cottage they will find it for you.

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