Promise to smile before reading.
Quote by Ally
We purchased an apartment in Vilamoura, 5.5 million.
Available to hire for Craic+ members, £20,000 a year subscription.
Quite expensive apartments in the crowdy Algarve.
And it's not that they pay off much.
With the same money on the Ligurian Sea, you could have bought seven or eight.
With a high season yield (June-September) of € 3,000 / month.
In the low one at least 1,000 € / month.
That makes 140,000 or 160,000 euros / year.
If you then go south, for example in the beautiful Salento with five million you could have bought a noble building in some historic center.
Or a fortified farmhouse in the countryside not far from the sea.
Let's say a thousand euros a day?
p.s. I hope you don't want to compare the sea of Salento with the Algarve ...