The Algarve-based Oceanico Group's owner has authorised the sale of seven further tourism businesses after the successful sale of the Vilamoura golf courses in 2016.
The portfolio, on offer through Savills, includes two signature golf courses, over 300 holiday properties, leisure facilities and further development land.
Stunning villas for sale this July throughout the Central Algarve - Vilamoura, Albufeira, Boliqueime, Carvoeiro and Lagos.
Located in popular Paderne - twenty minutes from beaches, nightlife and golf in and around Albufeira.
Just a few minutes drive from the popular inland town of Paderne is this well finished, unique countryside home.
On a plot of 3,160m2, this residence makes the very best of it's position, with gorgeous wide aspect views across it's own land and countryside beyond. Built recently to a high standard, and presented as a clean, modern 'blank canvas', this is a real home from home for year-round living.
Pedro Almeida has acquired 59% of the Herdade da Comporta investment fund. The process had begun in September 2016.
Herdade da Comporta investment fund has been sold. The buyer has been identified as the businessman Pedro Almeida. The company that manages the estate’s agricultural activities will continue in operation.
This amazing property is a perfect example of traditional moorish architecture, practically designed and immaculately presented.
Designed by well known Portuguese architect Salazar and owned by the same family for many years, the property has three ensuite bedrooms, all with access to terraces, surrounded by easily maintained, landscaped gardens boasting magnificent wide aspect views.
Hot summer days have arrived in the Algarve! Skies are sparkling bright blue contrasting against steams of radiant sun. Life in the sun is truly delicious this time of year in Southern Portugal.
Now imagine having a modern, light filled 5* luxury pad with a massive, super fabulous terrace that juts off to stunning sea views. Lounging, dinners and hot tubbing under the stars anyone?! Lots of space for all of these, and lets not forget grilling something wonderful from a local market! Welcome to the Algarve sweet life - where rooftop living is limited only by your imagination.
The real estate market dynamics in Portugal is recovering and has already increased significantly on last year’s figures. According to the Portuguese Real Estate Professionals and Brokers Association (APEMIP) it is estimated that there will be a 30% increase in real estate sales by 2017.
At present, Portugal is in a unique position to offer political and social stability to foreign investors. Being an important factor is not the only one - the recovery of the real estate sector would not be possible without the reduction of interest rates on mortgages that are historically low - according to the National Statistics Institute (INE) the interest rate on housing loans are continuously decreasing for the past 13 months (the lowest value since 2009), which encourages the Portuguese buyer. In addition to these rates, spreads are also being successively cut, which implies not only a reduction of existing credit charges but also an improvement in the conditions for new operation (8 national banks have minimum spread margins below 2 %).
With Portugal continuing it’s progress as one of Europe’s most dynamic recovering economies, the country is set to repay a further €1bn to the IMF this month, further improving confidence in the financial standing of the country and therefore enabling crucial investment in services and infrastructure.
This year has set all sorts of records for Portuguese Real Estate too, with high volumes of enquiries and one of our busiest sales periods since we opened in 1981. Buyers from across the world are anxious to take advantage of the security, lifestyle, tax efficiency and long-term investment opportunities across the country, and it’s not just high profile names (such as Madonna and Keifer Sutherland) who are wishing to sample the famous Portuguese welcome!
