Archive for the ‘Algarve Property News’ Category

Algarve Property Sales Increase As Sterling Bounces Back

Friday, July 9th, 2010

Algarve Property Sales News: The current sterling position vs the Euro (1.20 in June 10) has sparked a dramatic rise in demand for property on the Algarve with the number of Brits searching online for foreign property doubling in the last year according to leading online property portal Primelocation International. Rival portal Rightmove has also seen a 60% annual increase in searches with Portugal among others seeing the biggest benefits.

Enquiries were 95% higher in March 2010 than a year earlier, with the top three locations recording increases of 108%, 153% and 105% respectively. Searches also increased on a monthly basis for most countries, with Bulgaria’s 11% decline the only fall out of the top ten most popular destinations.

“Pent up demand now appears to be on the brink of converting into sales,” said Ann Wright, international development manager of Primelocation International. “Several signs are now indicating that the economy may have escaped a double dip and be stabilising in earnest and potential buyers are picking up this optimism.”

Posted by Rob Shaw
Elite Algarve Properties
T: +44 (0) 208 529 3635
E: info@spanishalgarveproperties.com
1: www.spanishalgarveproperties.com
2: www.elitealgarveproperties.com

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Portugal Property Market: Investor Demand Rising

Friday, July 9th, 2010

Portugal Property News: The number of overseas property investors in the Portuguese real estate market is beginning to rise in line with the country’s economic recovery, it has been claimed. Overseas Property Professional (OPP) has reported that foreign buyers are returning to the market and replacing the influx of distressed bargain hunters that emerged last year.

Both developers and agents are reporting the rise, with the move being cited as an example of the returning confidence to the European destination. Typically the amount of money that investors are putting down as a deposit has gone up. “This is money that was sitting in buyers’ bank accounts but now they have a better sense of where the market is going they are ready to spend. People are a lot more quality-conscious and the developers that have built high-spec are the ones that are selling.” (more…)

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A Quick Guide To Quinta Do Lago And Property For Sale Here

Friday, May 14th, 2010

Quinta do Lago Algarve Property News. Quinta do Lago is absolutely exclusive and different from all other luxury leisure communities on the Algarve. It is truly an oasis and property owners all boast of the rare combination of world-class sports facilities, deluxe services, natural beauty, a sophisticated lifestyle and yet still with the most important aspect of all – privacy. (more…)

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Algarve To Get Eight More 5-Star Hotel Properties

Thursday, April 22nd, 2010

Algarve Properties For Sale. Eight brand new 5-star hotels will be opened in 2010 in the Algarve where there are already 15 five-star units. This represents an investment of more than 500 million EUR.

According to reports, 2 of the new hotels will be in Lagos (which does not have any hotels in this category), 2 will be in Albufeira and 1 will open in Lagoa, Portimao, Olhao and Loule.

The hotel in Loule has been confirmed as the Conrad Algarve Palacio da Quinta, which is actually categorized as a 6-star hotel.

Eliderico Viegas, head of the Algarve’s main tourism association AHETA (Regional Algarve Hotel and Tourist Resort Association), said that the hotels would “bring more balance to the region as well as making it more competitive”.

Posted by Rob Shaw
Elite Algarve Properties
T: +44 (0) 208 529 3635
E: info@spanishalgarveproperties.com
1: www.spanishalgarveproperties.com
2: www.elitealgarveproperties.com

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Traditional Holiday Home Property Destinations Are A Safer Haven

Thursday, April 22nd, 2010

Algarve Property News. Over the last 10 years there has been a more demand for property in emerging areas and countries around the globe, often with a view to profiting from increasing property values. However, in today’s economic climate, buyers have returned to traditional, established second home destinations and are buying for lifestyle, rather than purely investment purposes according to the latest results of a survey carried out by Savills. (more…)

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Algarve Property News: Algarve Housing Market As Stable As Ever

Wednesday, February 10th, 2010

Algarve Property News: Portugal is enjoying an increase in attention at present. The difficulties encountered by Spain throughout the recession are prompting buyers to look to its neighbouring country where prices are more stable. (more…)

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Algarve Golf Property News: European PGA Tournament Dates

Wednesday, February 10th, 2010

Algarve Golf Property News: The European PGA has confirmed the dates for the 2010 tournament at The Victoria Course – Thursday 14th to Sunday 17th October. (more…)

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THE ALGARVE PROPERTY MARKET: EAST vs WEST

Friday, January 8th, 2010

Algarve Property News. What does the Western & Eastern Algarve have to attract buyers? The Western Algarve is a rugged coastline, more exposed to the Atlantic headwinds than the other Algarve regions and so more weathered. This is where you find the dramatic sandstone cliffs, frequently used in Algarve literature and some of Europe’s most pristine and secluded bays, beaches and coves. It offers excellent facilities for water sports, golf and some historic towns (Lagos and Silves for example) but there are also more lively cities to enjoy (Albufeira and Portimao). The Algarve Formula One Racetrack has recently been built close to Portimao and now hosts many annual events and Lagos is very popular for its excellent mix of new meets old. (more…)

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Amazing Property Deal In The Spanish Algarve

Friday, November 20th, 2009

Algarve Property For Sale. A developer in Huelva is now offering a fantastic deal to prospective buyers of the few remaining properties on Hoyo 14, a luxury community of townhouses right by the beach and golf course of Nuevo Portil, an area known for it outstanding natural beauty on the Spanish Algarve. (more…)

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Now Is The Time To Buy A Property On The Algarve

Friday, September 18th, 2009

Property on the Algarve for sale

Algarve Property Sales. There has been a lot of publicity about the international property market over the last 18 months and much of it has focused on the oversupply in some areas, notably Spain and low demand that has caused prices to fall dramatically. But what about areas like the Algarve that did not over speculate in the booms years? (more…)

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