Advertise with Us
SELL YOUR PROPERTY IN THE ALGARVE - What every seller should understand before they list
The market is telling a story. Most people are reading it wrong.
If you've spent time on the portals, Idealista, Rightmove, A Place in the Sun and similar. You'll have seen properties like yours listed for impressive numbers. If a similar house three streets away is asking €2.8 million, why would you ask for less?
Here's what the portals don't show you: how long that property has been sitting there.
Right now, across the Almancil area, the average house takes just under 13 months to sell. At the higher end of the market, €5 million and above, that extends to 15 to 17 months. Of all the price movements recorded across the market in the past year, 61% were reductions. Sellers asking, then waiting, then cutting. Then waiting again.
This isn't a failing market. It's a mispriced one.
Why this happens — and why it's not entirely irrational
Supply in the Golden Triangle is genuinely constrained. There are fewer than 900 properties actively listed across the entire Almancil Freguesia, and typically only five to ten new properties come to market each fortnight. It's also worth noting that the true figure is likely half that, many properties appear multiple times across different agencies, inflating the apparent supply.
When supply is this thin, sellers, and often their agents, look at asking prices as a proxy for value. But asking prices reflect ambition, not transactions.
Many newer agencies in the area will validate whatever number a seller brings to the table. It's easier to win the listing that way. The result is a market where inflated asking prices are treated as comparables, feeding the next round of inflated listings, and so on.
We see it constantly. A seller researches the market, benchmarks against active listings, and arrives at a number. We explain the reality. They want to try it anyway, just in case. Six months later, we reduce. Sometimes it sells. Sometimes we reduce again. This is not a criticism of the seller; the logic is understandable given what the portals show. But the outcome is predictable, and the data bears it out.
What we offer instead
We will tell you what your property is likely to sell for, not what you'd like to hear.
We'll show you where your home sits in the current market, what has actually transacted (not just what's listed), how long comparable properties have been available, and what pricing history looks like across your segment. We'll give you an honest view of timeframes and we'll be clear about what needs to change if the market isn't responding.
If your property doesn't sell straight away, you'll already know why, and you'll know what the options are. If a price adjustment is needed, it won't come as a surprise, it will have been part of the conversation from day one.
What we have no interest in is a seller who is unhappy three months in because their expectations were never properly set. That's a failure of advice, and it reflects on us.
The one thing that's true in every property market, everywhere in the world
At the right price, a property sells. Always. There is always a number at which your home would be under offer within days. That number is rarely where a seller wants to start, or indeed finish, but understanding it changes the entire conversation.
Our job is to find the most competitive price the market will support, position your property well, and give you a clear-eyed view of what to expect at every stage. We'd rather have that honest conversation with you at the beginning than a difficult one six months down the road.
If that's the kind of agency you want working with you, we should talk.
