fdi-overseasproperty.com » Eden Resort Albufeira Portugal

The Algarve is still a winning formula

admin — Mon, 05 Apr 2010 06:59:00 +0000

Sweeping beaches, year-round sun, the best golf courses in Europe. It’s no wonder that Portugal’s Algarve scores highly among overseas buyers looking for a second home.

The long-established Central Algarve with its top-hole tourism has overtaken the over-marketed newcomers in the Silver and Blue Coasts around Lisbon.

Property in the less-developed western Algarve might have suffered price drops of 30 per cent, but holiday homes in the so-called Golden Triangle have lost none of their lustre.

Par for the course: Buyers can relax by their pool after a day’s golfing at Vale do Lobo

Prices in the tranche of coast between the two high-end golf resorts of Vale do Lobo and Quinta do Lago, with the town of Almancil at its apex, remain high.

‘There’s been little downward movement because most owners don’t have to sell,’ says Georgina Richards, of Knight Frank.

The key to the area’s success is its track record. It’s survived a downturn before and has the right ingredients to tempt buyers – beaches that don’t get overcrowded, a 20-minute transfer from Faro airport, and first class resorts.

The lifestyle buyers with a long-term plan are buying, while investors and budget buyers have disappeared. Apartments in Spain are cheaper than Portugal.

Sales in this part of the Algarve have outperformed the rest of Europe, says Joanna Leverett of Savills. ‘In all our other main markets – South of France, the Balearics and Spain – transactions have slowed dramatically in the past 18 months, but not here in the Algarve.’

An article in British daily newspaper the Daily Mail has highlighted the positive aspects of investment in the country, with good weather, attractive beaches and “the best golf courses in Europe” contributing towards its appeal.

Despite the current economic climate, high-end resorts have seen “little downward movement”, property company Knight Frank told the paper.

“The key to the area’s success is its track record. It’s survived a downturn before and has the right ingredients to tempt buyers – beaches that don’t get overcrowded, a 20-minute transfer from Faro airport and first-class resorts

Furthermore, earlier this year investment consultancy Property Frontiers claimed that the Portuguese property market was a safer option than neighbouring Spain.

It stated that currently buyers tended to be adverse from taking risks and as such were moving from the Spanish market to take advantage of rising prices and the growing economy.

To see FDI Overseas Property Recommendation for the Algarve visit www.fdi-algarveproperty.com

No over-development allowed in Albufeira

admin — Sun, 04 Apr 2010 14:56:22 +0000

The Portuguese have generally been more discerning about over-development than the Spanish – with ever-tightening planning restraints. Nothing built now in the seaside area is higher than three storeys, and provision of green space has to be taken into account.

No building can be closer than 500 metres to the sea front. In the more developed heart of the Algarve, some areas are not a pretty sight – particularly in Albufeira, with its infamous ’strip’ and all its fish-and-chip shops.

But even here the focus has changed. The Eden development, planned for completion in June 2010, is a classier proposition.

Being built by Grupo Duarte on the edge of Albufeira, Eden also has a hotel tie-in – with Radisson.

The traditionally styled apartments all have large terraces are set amidst ample green spaces, with views over lush landscaped gardens and pools.

The apartments are 94,69 sqm and comprise two bedrooms, a spacious living/dining room area, with direct access to the terrace or balcony. The apartments come fully furnished and equipped with solar powered climate control and integrated communication systems.

A managed rental program is available with 6 weeks free usage per year providing you with a rental income of around 5% on the value of your property per annum.

Eden Resort Albufeira Is Near To Completion

admin — Fri, 02 Apr 2010 04:07:53 +0000

The Eden Resort, a 65 million euro holiday complex being developed by Grupo Duarte is now close to completion.

The complex is expected to be finished on schedule by June 2010 and is part of an ambitious expansion plan by the group, which hopes to invest a total of 100 million euros in Lisbon, Costa Vicentina (on the west coast) and the Algarve.

The new resort, which occupies a total area of 11 hectares, will have a low building density, with only 20 per cent of the total area built on.

There will be four detached villas with private swimming pools, 19 rows of properties spread out over 108,000sqm of land, with 67 one bedroom apartments, 67 two bedroom apartments, 31 two bedroom townhouses and 29 three bedroom townhouses.

According to João Duarte, CEO of Grupo Duarte, the resort “will make a difference as the Algarve has few developments with low building density and high quality standards at the same time”.

In his opinion, “this is going to be our visiting card in the residential sector”, which, he says, is growing strongly among investors from UK, Ireland, Holland, Germany and Spain.

Eco-friendly

The company’s concern with quality standards is underlined by its use of eco-friendly technologies in materials, construction methods, air-conditioning and heating systems, utilising solar energy, as well as in the communications systems.

The Eden Resort is located on the edge of Albufeira and is 30 minutes from Faro Airport by the A22, which is only five minutes away. This location was chosen because “Albufeira is the capital of tourism in Portugal and an internationally recognised brand,” said João Duarte.

Its quiet location and proximity to the beaches, golf courses and shopping areas is said to complement the company’s marketing plan, which will see the resort marketed as “Heaven on Earth” at fairs and exhibitions in the north of Portugal and abroad.

The resort will have five outdoor swimming pools, one indoor pool with sauna and Turkish steam bath, security 24 hours a day, a playground for children, kids club, a park and walking areas, snack bar, games area, clubhouse, restaurant, panorama bar, supermarket, coffee bar, reception and lobby.

Prices in the new Eden Resort will range from 199,500 euros for a one bedroom apartment to 975,500 euros for a four bedroom villa.

For more information visit www.fdi-algarveproperty.com