Portugal Property News

When the bigwigs behind the Algarve’s Quinta do Vale sidled up to Severiano Ballesteros asking him if he’d tackle the artistry for the resort’s 18-hole golf course, he was only too pleased to be associated with such good company.

The last strip of European landmass before it tumbles into Atlantic waters, Portugal provides a close-to-home property investment option for Northern Europeans tempted to warmer climes.

Andre Jordan’s luxury apartment development, The Residences, is nearing completion and has the spotlight shining upon it once again in October as the PGA Portugal Masters Golf Tournament returns to take place on its doorstep at The Oceânico Victoria Golf Course, in Vilamoura, Algarve.

Currently being offered through Unique Living, specialists in high quality homes around the world, is Estoril Sol Residence one of the boldest projects in Europe in a prime location twixt the Atlantic and the lush green of the Cascais.

Like many women battling the bikini bulge, some of Titan Properties’ Portuguese portfolio has shaved some pounds off for the summer.

Titan Properties has been ferrying clients between Spain’s western Costa de la Luz and the gateway to the Algarve - Faro International Airport - for almost five years now, passing some attractive Portuguese property in the process.

Roxbury is currently marketing an exclusive new golf development in the Eastern Algarve. Monte Rei´s vision is simple – to create an unrivalled world class golf and leisure destination, offering a premium service both on and off the golf course and unlike anything ever seen before on the Iberian Peninsula.

April 2008 sees the launch of Europe’s first six star hotel and residential resort – ‘Palacio da Quinta’, situated in the Algarve, Portugal’s most beautiful coastal region.

Portugal was recently awarded 3rd place for ’20 best places to make money’, as voted by Channel 4’s ‘A Place in the Sun’. It was also estimated that the potential growth in the Algarve region over the next 10 years would be up to an impressive 360%.

Top ranked Olympic show jumper and Irish television personality Jessica Kuerten (nee Chesney) announced this week that pre-construction has begun on her new equestrian centre in the Quintas de Obidos Country Club in Portugal’s Silver Coast.

The Portuguese Algarve is currently celebrating the news of a global investment of 1.5 Billion Euros as 10 new hotels are planned to be built. Eight of the ten hotels will be premier 5 star hotels with the first scheduled to be open as soon as 2009.

Portugal has recently taken on the EU Presidency, which will undoubtedly raise its public profile, but in addition to this honour, they will now receive a 21 Billion Euro grant to help further develop the country.

Portugal has been among the UK’s top 10 destinations for more than 30 years and its long term popularity is now increasing, particularly in areas such as Vilamoura where there has been a dramatic increase in property investment, particularly in light of plans to expand Vilamoura Marina.

Many visitors to the Algarve won’t remember the days before the A22 trans-Algarve motorway transformed the region, making both the west and the east easily accessible from Faro. Then it was the self-styled ‘golden triangle’, just 20 minutes from the airport, which attracted buyers seeking a dream haven. Everyone wanted to be in Quinta do Lago, Vale do Lobo or other localities around Almancil.

Oceânico Developments’ new five-star Amendoeira resort, which features two 18-hole golf courses designed by Nick Faldo and Christy O’Connor Jnr, will be managed by Troon Golf®, the world leader in upscale golf course management, development and marketing.