Work is currently underway to refurbish a prime location office in Praia do Carvoeiro for a Fine & Country brokerage, one of the world’s leading brands in luxury real estate.

Business partners Zoie Hawker and Richard Lamberth recently formed their company, Fino Propriedades Lda, and the agency will start trading in August ahead of the official opening in early September.

The top-end property market is in shock in the Algarve as some clients' annual property tax bills rocket by €75,000.