Luxury Property For Sale In The Algarve Portugal – 3 Facts You Should Know
The highest concentration of luxury properties for sale in the Algarve exists in the resorts of Vale do Lobo and Quinta do Lago. Include the town of Almancil and you have the region of central Algarve known as the “Golden Triangle”. Quinta do Lago and Vale do Lobo are famous golf and tennis destinations so it is no surprise that many property owners in Algarve’s Golden Triangle come from the world of international sport. Numerous football stars and managers own second homes in the Golden Triangle and both Quinta do Lago and Vale do Lobo regularly play host to top flight European football teams and national squads who choose to base pre-season and pre-tournament training camps there. The England squad will train in the Golden
Triangle as part of their preparations for the 2014 World Cup in Brazil.
Luxury property in the Golden Triangle consists primarily of villas and apartments. Villas are beautifully constructed in styles that range from conventional to present-day, with an emphasis on outdoor living. This is afforded by the fact that the Algarve enjoys more annual sunshine hours than anywhere else in Europe. Most Luxury villas reside on large plots that accommodate swimming pools, tennis courts and beautiful gardens. A large number reside in gated communities that are protected by private security; a fact that sits well with celebrity owners. Vale do Lobo is home to two championship golf courses, while Quinta do Lago is home to 3. This means that many luxury villas in the Algarve come with golf titles.
Property development in Vale do Lobo and Quinta do Lago is restricted. Prior to the global economic crisis luxury properties in central Algarve appreciated in value year after year without exception. During the downturn luxury property values fell for the first time but the consensus of expert opinion from agents operating in the Golden Triangle today is that prices have now bottomed out. Owners, encouraged to sell at BMV prices at the start of 2014, have begun to hold out for the upturn; in some cases suspending their listings with luxury estate agencies. For this reason buyers and investors are strongly urged to buy now before luxury property prices begin to rise once more.
For more news and information on luxury property for sale in the Algarve Portugal visit: http://www.propertystyles.co.uk/