The 2021 Post Office Travel Money Holiday Report for 2021 found that Portugal was tops for Brits looking for good value.

The Holiday Costs Barometer takes into account the prices of eight everyday items with the shopping basket for the Algarve coming to a total of £44.13. The everyday items include a bottle of beer, a cup of coffee, a bottle of water and a glass of wine.

Cheapest on the barometer was Sunny Beach in Bulgaria at £27.71, followed by Marmaris in Turkey at £37.19. At the other end of the scale, in Reykjavik in Iceland, the same items would cost a total of £130.34, while in Nice in France they would cost £94.72.

The cost of essentials ion the Algarve has actually recorded as decrease according to the Post Office report, with prices down by 16.5 percent since last year