Friday, 21 July 2017
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qdlCaixa Geral de Depósitos has rejected a rescue deal for the Keys, based at the Quinta do Lago estate.

The taxpayer-owned bank is owed €278 million but has concluded that it was not worth agreeing to a Special Revitalisation Plan for its client, Birchview Imobiliária.

hotel3The normally gloomy head of the Algarve hoteliers’ association, Elidérico Viegas, said with rare enthusiasm that last year’s hotel occupancy growth was double the expected rate.

Despite getting this 2016 estimate wrong by 100%, the association chief says that the prediction for this year is for a 3.1% increase in tourist occupation rates in the Algarve, a 6.1% increase in hotel turnover and a 3% increase in average hotel room rates.

padernecastleThe Cultural Directorate of the Algarve has announced a €4.3 million spend on some of the region’s most important national monuments, including the castles at Silves and Paderne.

The magalithic remains at Alcalar, the Roman buildings at Milreu and the fort at Sagres all will benefit from the grant under the CRESC Algarve 2020 programme.

holidirectHolidirect, the holiday rental property portal, now have a NEW pricing structure. WE HAVE LISTENED to our property owners and made adjustments to the way we work to ensure we have a platform that works for us all.

The results have been immediate with an increase in our property listings and an influx of reservation enquiries from holidaymakers.

firePALACETE FONTE DA PIPA TRAGEDY - a statement from Quinta da Fonte da Pipa Urbanizações, Lda.

The fire at Palacete is a true tragedy, and the article on the event is inaccurate, as it indicates that shareholders of the owning company, Quinta da Fonte da Pipa Urbanizações, Lda., never cared for the Palacete and are to blame for this unfortunate loss of architectural patrimony.

Views, Vineyards and Village LifeViews, Vineyards or Village Life, whatever your preference is have a selection of distinctive properties for sale in Portugal. A historic house and vineyard in the Alentejo, a charming country villa with sea views and a traditional village townhouse are amongst some of this week's favourites.

Check them out below and see which would be your top choice.

Ea VIllasExclusive Algarve Villas has a wide selection of property for sale throughout the Algarve.
Visit them online or at their offices in Vilamoura and Lagoa to fond out more.

9315House prices in the euro area were up by 3.4% in the third quarter of 2016 when compared to the same period in 2015, Eurostat reports.

When compared to the second quarter of 2016, prices in the area rose by 1.3%.