To help members apparantely Vila Petra is:- Just 100 metres from Albufeira's famous Strip, not far from Oura Beach.

Search the booking agency websites for any hotel with the word OURA in its name. All these will be about 10/15 minutes walk at the most from Vila Petra. You might also try Vilanova, Valmangude Jardim.

http://www.alpharooms.com is one such site that friends of mine have used in the past but not at this time of year.

There aren't B&B in Albufera in the English sense.

BUT and it's a big but, you are trying to find a room at the peak of the busiest time of the whole year at less than a week's notice!

You may have accept second best in terms of distance.

We stayed B&B in the Montechoro Hotel at the top of the Strip and loved it. Its very near the Villa Petra. They had apartments over the road. I think they were called Montechoro Club 99 apartments. Maybe worth looking at as they are only 1 minute from Villa Petra..

Cubsur is right it is a very expensive time of year. The cheapest on Alpharooms for those dates is The Residencial Santa Eulalia at £461.30 but that may not be in the right area.

The Hotel Montechoro is coming in at £601.61

Both without flights