After a halt on property sales due to the global economic crisis, the Algarve and Portugal are showing significant signs of recovery. Over the last 18 months, a low supply and increasing demand has meant that prices are starting to rise.
A popular tourist destination, the Algarve is a well established second home location for northern Europeans, notably the British and Irish. However the French, Scandinavians and Belgians are a growing force in the region, attracted by the tax breaks on offer under the government’s Non-Habitual Resident regime. In common with other Eurozone markets, dollar and sterling buyers have the upper hand, and this has helped to revive demand from the UK market in particular.
“Our magnificent beach and golf resorts are now fully completed and offer so much to suit all ages and tastes,” says Chris Howell, Oceânico Group chairman. “Each of the homes are finished to a very high standard and come fully furnished.
“In short, homebuyers can move straight in, with all resort facilities fully operational around them. They offer excellent value for money as well as strong rental returns and are consistently rated ‘excellent’ on Booking.com and TripAdvisor.”
The range of properties in Amendoeira Golf Resort, that opened in the central Algarve near the historic town of Silves in 2011, comprises luxury two bedroom apartments and three and four bedroom villas. Surrounded by landscaped gardens, the influence of Moorish architecture is evident throughout the resort.
Owners can make use of two championship golf courses, the Oceanico Faldo (1st hole pictured above) and the Oceanico O’Connor Jr, and the Amendoeira Sports Club with tennis courts, football pitches and gym. There is also a club house with restaurant, bar and golf shop.
Belmar Spa & Beach Resort by the beautiful Porto de Mós beach in Lagos opened in 2010 and comprises studio, one, two and three bedroom apartments and two bedroom duplex townhouses. The central feature is the spa which offers treatments, hydrotherapy pool, Jacuzzi, sauna and Chromotherapy. There are also four outdoor swimming pools and a gym.
Baia da Luz Beach Resort was completed in 2007 and is close to the beach within the town of Praia da Luz. Set against the striking backdrop of Rocha Negra and reflecting the history of the area, designed around Roman architecture and landscaped gardens that include cypress, olive and palm trees, and fragrant lavender borders.
The residential complex has a ‘village’ style layout with one, two and three bedroom apartments located in three storey clusters. Facilities include two pools, a children’s playground with paddling pool, tennis court, sports pitch and an Italian themed restaurant and bar.
Prices on these resorts range from €116.000 for a one bedroom to €1,267,500 for a four bedroom villa.
See more: Oceânico Group