A €1 million property-price budget can still buy a detached villa in several Algarve markets, but the result changes sharply by location. In Quinta do Lago it is largely an apartment or townhouse budget; in Vilamoura it can reach townhouses and selected villas; in Lagos, Tavira, Albufeira and Portimão it can buy substantially more house if the buyer avoids the most expensive beachfront and trophy locations. International buyers must also separate a €1 million property budget from a €1 million all-in budget because current 2026 Portuguese purchase taxes can materially reduce the property-price ceiling.