Olhão Council has sold land between the Real Marina Hotel and the city, officially known as Lot No 3 of the Porto de Recreio, to Cenparque Imobiliária.
The €5 million price was offered in a sealed bid process, won by a developer registered in Braga but well known in the Algarve.
Have you ever imagined living in a quiet, elegant and stress-free place? A place where at the end of a long day you can take a dip in the pool, take the kids to the park with complete safety, or play tennis? Living in luxury has unique advantages and doesn’t cost that much!
With far reaching coastal views and 460,000m2 of land stretching from hilltop to valley floor, Cerro Novo are proud to present this magnificent country residence with plenty of space for agriculture, horse riding and vineyards.
Nestled at the heart of beautiful rolling countryside, yet just ten minutes from the thriving agricultural town of Messines with it’s rail station and fast motorway link to Lisbon, this unique residence has plentiful space inside and out and even boasts a natural pond used as a swimming pool.
At the beginning of the year, and to encourage responsible credit, changes in the law were made to reinforce the information given to customers to allow them to be more conscious in their decision-making process. In summary, some of the changes are as follows:
The promoters of Ombria Resort, the real estate development between Tôr and Querença, in the Loulé Council area, have uncapped their eco-pen with a flourish to create the illusion that a villa, apartment, hotel and golf development in the formerly unspoilt Barrocal is a “sustainable” project that “values the region's culture and cultural traditions,” - which in the area in question is, or was, agriculture.
The design of the first phase of the project has been released, an initial investment of €100 million, to include a 5-star hotel with 76 rooms and suites, the Viceroy Residences at Ombria Resort, which include 65 tourist apartments, as well as Alcedo Villas and the Oriole Village, all 'Carved by Nature' accordong to the rather flowery blurb.
Since 1981, Cerro Novo have been providing the very best service to Global Real Estate Clients. With quality property high in demand, we’re now offering FREE Expert Valuations.
If you’re thinking of selling, upgrading or just interested in your home’s worth; think Cerro Novo and contact us today.
• An easy stroll to one of the most stunning coves in the central Algarve
• Five minutes drive to Albufeira Marina and historic Old Town
• Large and sunny swimming pool
• Ocean views
• Traditional design and spacious layout
A new discussion has opened on housing problems, in large cities, based on the assumption that there is an excess of Alojamento Local (free-for-all) with short duration rentals, in the historic centres. The Government, therefore, accepts the creation of laws to regulate the local leasing market.
