The survey - completed in the autumn/winter of 2023 -sheds light on the top priorities of the UK buyers who are seeking property in the region.
Some key findings highlight that over 92% of respondents strongly agreed or agreed that outdoor spaces, including gardens, swimming pools, and terraces, are paramount when purchasing a property.
More than 67% strongly preferred detached homes, emphasising the desire to escape the disturbance of neighbours.
Additionally, the survey reveals that over 89% of participants highly value a good view, preferring properties overlooking nature or the sea. Notably, 42% of respondents preferred living within five minutes of nearby facilities, including supermarkets, restaurants, and health clinics.
Gerry Fagan, Chairman of Reserva da Luz, remarked on these findings, stating: "The similarity between these survey results and our sales trends in 2023 is unmistakable. Last year alone, buyers acquired 14 plots (ranging from 1,450 to 2,950 m²) at Reserva da Luz near Lagos, which has wide ranging ocean views of the Atlantic. Our sales pattern in 2023 demonstrates the escalating demand for personalised villas with panoramic views.”