Oceânico Group, the leading Algarve-based resort and golf owner-operator, announces the release of homes at its three renowned resorts in the region – the Amendoeira Golf Resort, Belmar Spa & Beach Resort and Baía da Luz.
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.
CLICK HERE to read the ILM Algarve Property Market Report 2015.
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.”
Amendoeira Golf Resort is located in the central Algarve near the historic town of Silves and 45km from Faro airport. The resort opened in 2012.
The range of properties in each of the residential villages comprises luxury two bedroom apartments and three and four bedroom villas, some of which are frontline to the golf course. 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 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. Prices range from €250,100 for a two bedroom apartment of 108,70sqm with 23,95sqm of terraces to €1,267,500 for a four bedroom villa of 432,70sqm with 265,90sqm of terraces.
Belmar Spa & Beach Resort overlooks the beautiful Porto de Mós beach in Lagos and is 5km from Praia de Luz.
The resort opened in 2011 and comprises 189 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.
There is strong rental demand and rental returns of up to 8.3% nett can be achieved on some of the studios. Prices range from €116,900 for a 36,30sqm studio to €342,300 for a 115,60sqm townhouse.
Baía da Luz was completed in 2007 and is 200m from the beach within the town of Praia da Luz. Set against the striking backdrop of Rocha Negra and reflecting the history of the area, this luxury resort is beautifully 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 range from €148,500 for a one bedroom 74,25sqm apartment to €295,500 for a two bedroom 188,15sqm duplex apartment.
Charles Weston-Baker, head of international residential developments, Savills, said: “This is a rare opportunity in terms of the European leisure real estate market. It is more than eight years since we have seen a multi-resort owner launch a range of high quality stock at such incredible value for money. We expect interest to come from both investors and those looking for a holiday home in the sun.”
For more information contact Rita Santos:
T: 289 310 330
E: rita.santos@oceanicogroup.com
W: www.oceanicogroup.comwww.oceanicogroup.com
