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Albufeira 'best value for money'

23 April 2013 12:35

Holidaymakers can pick up 10 essential items for just £46.34 in Albufeira this summer

Holidaymakers can pick up 10 essential items for just £46.34 in Albufeira this summer

British holidaymakers could take advantage of plunging prices in Portugal and Spain after Albufeira in the Algarve and Torremolinos on the Costa del Sol were found to be the cheapest places to go on holiday this summer.

A report compared in-resort prices for 10 items, such as meals and drinks, at 20 locations around the world - from Blackpool and Bournemouth to the extravagant Jumeriah region of Dubai in the United Arab Emirates. Unsurprisingly, Dubai was the most expensive resort on the list with the 10 items costing £103.23, while Italy also proved to be an expensive place to visit.

However, Albufeira had the lowest prices - where holidaymakers with travel insurance could pick up the 10 items for £46.34. Torremolinos (£46.50) was the second cheapest resort, closely followed by Javea on Spain's Costa Blanca (£47.14). Despite the relative weakness of the pound against the euro, prices in these resorts are up to 20% cheaper than this time last year. Andrew Brown, of Post Office Travel Money, said: "The pound may be worth less in Europe than a year ago but fierce competition means that lower prices in several of the resorts we surveyed can easily offset the falling value of sterling."