Property sector needs 70,000 new builds to keep abreast of demand

construction2Renting or buying a property, especially in Portugal’s cities, has become an unachievable dream for many people as prices continue to rise.

The construction sector gets the blame from Luís Lima, the head of the nation’s estate agents’ association.

Pure Portugal Newsletter June 2018

Pure Portugal Newsletter June 2018Welcome to the latest Pure Portugal Newsletter - a roundup of what's been happening on the website, facebook, and in the office.

This month we are bringing you our newsletter in the form of a Tiny Homes Special! We have spent a lot of time making contacts and gathering a great group of beautiful tiny homes spaces which you can either use as your full time living accommodation or for guests and to rent out and bring in some extra money. Clicking on the boxes below will take you through to more details on each style of tiny home we offer, so you can find out from the people who make them what they are like to live in and how they might fit into your life.

A Three Bedroom Villa within Clube Albufeira at a NEW Price

A Three Bedroom Villa within Clube Albufeira at a NEW PriceSubstantially reduced in price for a quick sale, Cerro Novo are pleased to present this three bedroomed, single storey villa located in Albufeira’s well respected ‘Clube Albufeira’.

Boasting a lovely heated swimming pool surrounded by traditional calçada cobbles, a lawned area, indigenous planting and shaded dining terrace, this villa makes the most of the Algarve’s outdoor lifestyle. Inside, there’s a fully equipped kitchen, laundry room a spacious, split-level living and dining room with feature arches, woodburner and stone steps leading to the generous en-suite bedrooms.

HMRC on the trail of overseas property owners

hmrcThe UK taxman has his sights set on UK-based owners of overseas property and those with bank accounts abroad, ahead of crippling new penalties for avoiding tax that come into force at the end of the summer, according to a Sunday Times article, published on June 24th, 2018.

In a ‘phishing’ expedition, HMRC has contacted a list of likely suspects and has given them until September 30th to declare rental income and any capital gains from property sales tax.

The Golden Visa Future

The Golden Visa FutureWhen the Golden Visa programme was launched (2012), it created a financial bubble for the economy that was suffering a recession. Eight years have passed, foreign investment from outside Europe weighs less and less on the global volume of real estate trade. Nevertheless, since its inception, the programme has already raised more than €3.7 billion.

A1 Algarve Office To Open In Almancil

A1 Algarve Office To Open In AlmancilKnowledge, Experience and Full-Service Amenities Will Be Showcase of A1 ALGARVE REAL ESTATE. They are proud to announce the opening of their office in Almancil.

Owner Agnieszka Kijonka is a real estate veteran who has worked in Portugal for the last 20 years. Her goal is to build a foundation for the safe sale and purchase of property, for foreigners of all nationalities. Those who have chosen the Algarve as their prime holiday destination and those who have chosen the Algarve as their permanent home.

Casas do Barlavento nominated for Best Real Estate Agency by the International Property Awards

International Property AwardsIt’s with pride that Casas do Barlavento is nominated to win Best Real Estate Agency by the International Property Awards. The International Property Awards (https://propertyawards.net), founded in 1995, has a premier programme of recognising and rewarding excellence. Its status has been gaining increasing importance by the judges and the various sponsors associated with it - Daily Mail UK, Jaguar, Mercedes Benz and Bentley Motors.

A Dream Property in an Idyllic Location

A Dream Property in an Idyllic LocationCerro Novo are proud to present for sale this superb, four-bedroom villa in an enviable location just a few moments’ walk to São Rafael beach.
Nestled amongst a handful of similar properties but enjoying a slightly elevated position providing adorable ocean views from the south facing terrace, this superb residence of 279m2 occupies a substantial plot of 950m2. The irrigated gardens and lush grounds are expertly tended to provide a real oasis of calm, whilst the kidney shape pool provides a welcome break from the summer sun!