A growing number of Brits are taking out mortgages with a view to buying a property in Algarve, according to Santander Totta, which provides many mortgages to people buying properties in Portugal.

Many parts of the Algarve were quick to react to the global economic crisis two years ago, and are now attracting more buyers, as a consequence of cheaper properties.

Simon Perks, the bank’s general manager, comments: “In the ......