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Espiche is a village in Algarve near Praia da Luz in Portugal. The town has seen major developments since the 80's, with the increase of the tourism industry in the region. The land value has increased dramatically, but the populational density is still relatively low. In the summer months the town has the most of its economic activity, and also most of the housing space occupied by tourists.
Map of Espiche, 8600-109 Luz, Portugal
Since the town is very near the ocean (2 km) it was mostly a fishing community, and relatively poor, before the 80's.
References
Espiche Wikipedia(Text) CC BY-SA