Figures released by the National Statistics Institute covering the ten months ending in October 2014, show that the number of people spending a night in the Algarve exceed the overall figures for the whole of 2013, making last year one of the best for tourism in recent times.
Between January and October of 2014, 15.5 million overnight stays took place in the Algarve which is an increase of 11.2% on the figures for the same period in 2013.
The international property sector has been hungry for Chinese buyers in recent years, with countries such as Spain and Portugal courting them through golden visa programmes and tempting tax incentive schemes. From second homes in the sunshine to hotel rooms for oil workers on the frozen plains of North Dakota, Chinese buyers have been flooding the property investment market with their money.
"The Asian market has been hugely important over the past few years," comments Robert Gavin, Group CEO of NDD Group, which specialises in high end workforce accommodation solutions like the Transhudson Hotel - Parshall in the US state of North Dakota. "Demand remains strong and we have opened offices in both Singapore and China in order to manage the appetite there for US property purchases."
For Sale by the owner is this 13 hectare Monchique plot with potential development of two existing properties, or new builds of up to 250 square metres each.
Set in an area of outstanding natural beauty, this 130,000 square metre plot (approx.), including just under 20,000 square metres of terraced agricultural land, has two ruins for development.
Set atop the range of hills separating the Alentejo and the Algarve, this typical Portuguese windmill building has stunning 360 degree panoramic views over the 'Serra'.
With an unusually large plot for this type of property (4 acres) and priced at just €35,000, the windmill no longer has its sails, but the the grindstones and gears are still in place.
This week’s selection is a gorgeous four bedroom cottage located in the lovely mountain town of Odeleite, a quiet area of Castro Marim in the western Algarve. This charming property offers access to a quiet life and extraordinary recreational activities.
As a business owner, you often meet people that you enjoy working with. More rarely, you meet individuals that you genuinely enjoy getting to know, with a business relationship turning into a friendship.
This is precisely what happened when Chris White of boutique estate agency Ideal Homes Portugal and Peter Emerson Jones of The Emerson Group first ran across each other in the property sector.
A traditional Portuguese farmhouse, Casa Margarida, nestles in the beautiful hills of the Northern Algarve (Serra de Caldeirão). The property is one of a number of houses and smallholdings dotted around the hamlet of Perna Seca. The farmhouse has been sympathetically restored and upgraded using local materials and provides comfortable accommodation with modern amenities. An artisan approach to the renovation has ensured that this home retains many of the traditional features of the region (ornate chimneys, thick walls, original bread oven, wooden beams, terracotta tiles), while offering modern kitchen and bathroom facilities (including solar water heating).
This week we focus on a large, four bedroom townhouse, ideally located in Santa Barbara de Nexe, one of the most sought-after villages in the Algarve. On the market for just €395,000 this superb property enjoys its own private pool and a huge basement.
Set in an excellent small development, with a bargain price tag, it would be hard to find a better investment in the Algarve. The property is spacious, comfortable yet stylish, and within walking distance of all the amenities of this very popular village.
