Following the recent challenges during and post the Pandemic, Resort Rentals Algarve have experienced a significant uplift in holidays bookings and residential lettings.
Launched in 2009 Resort Rentals Algarve acted as a small service provided to investment clients of B&P Real Estate Agency (Inspired Property). The company philosophy was always to provide a service level that we would expect ourselves. This service ethos clearly hit the mark with many owners, and over the next 13 years has seen the holiday and property management side of our business grow from a handful of properties to over 200 properties.
As our experience grew, we saw an unprecedented growth in the number of weeks rented, with already 1,500 weeks booked in 2022. This equates to around 1,000 families trusting Resort Rentals Algarve to book and manage their holiday. Our team has also grown from one person to 14. From property managers, financial administrators to reservations and maintenance. Headed up by Victoria Johnson from the very start, the team has evolved into one of the most professional and committed group of people, always “offering a service they would expect themselves”.
In 2016 the company identified a gap in the market for residential lettings. Even to this day Lagos Long Lets is the only bespoke agency focusing solely on residential lettings in the western Algarve region. With over 80 long lets properties and coupled to with a further 60 winter let properties this company has continued to grow since its conception.
In 2021, even after the global pandemic and issues it caused, both these businesses were in huge growth. More than 30% year on year.
The decision was made to expand the team but also that we needed more space to allow the company to continue to grow. In quarter 4 of 2021, offices were procured in Condominium Adega, Rua Dos Celeiros, Bloco 5, Loja 11 8600-726, Lagos. A brand-new apartment complex in the heart of Lagos. The office boasts an amazing 200m2 and will house both Resort Rentals Algarve team and the Lagos Long Lets team. State of the art technology in the form of IT servers through to interactive communication tools, means that the company is perfectly prepared not only for the current size of business, but for the growth we anticipate in the next few years. Future investments in reservation management software as well as improving our finance management software will only enhance this growth. Recent appointments within our Finance departments brings a wealth of accountancy knowledge and experience.
The B&P Real Estate Agency will continue to operate in our current office at Avenida dos Descobrimentos, 1, on the main Avenida in Lagos but will have a satellite presence at the new office.
The new office officially opened on Monday 27th June 2022, and I am sure you will offer the team positive energy as they embark upon the company’s next chapter.
