Is Algarve Property good value?

A brief post about the value of Algarve property. Looking at various factors that could determine whether this is the case or not from experienced property brokers IRG Property.

Is Algarve Property good value?

A very subjective question, with many different answers depending on whom you ask.  Generally speaking I would have to say yes Algarve Property is indeed good value for money. There are a number of reasons why we firmly believe this to be the case.

Firstly; property values have retained their value well throughout the financial crisis. A good indicator that there is demand for Algarve property.

Secondly; also somewhat tied to the first point, the strong demand for property in the Algarve makes your investment here somewhat safe. Although there’s no guarantee you’d make money here, it’s unlikely (unless circumstance’s forced you to sell at a market low) that you’d lose any.  In fact we would certainly feel a profit would be made quite easily on any long-term owned property.

There are of course areas where prices are certainly way higher than other, less popular, regions of the Algarve.  It’s here that perhaps the answer to the question “Is Algarve property good value” becomes a little more blurred.

Vilamoura

Let’s take Vilamoura for example. A typical 4 bed detached villa with pool and garden of 1,000m2 will more than likely run you around 1,000,000 euros or more.  The trend of late, is modern contemporary design and we’ve seen a number of these coming up around the golf courses, these will come in around 1.5m euros.

Now the debate most have is that the area drives the price and this is of course true. If you want a lovely state of the art villa in one of the most sought after areas in the Algarve you are not going to find a bargain, far from it. But you will get a unique location in a fantastic state of the art home, even if you could buy a similar home a few minutes way for half the price.  Therein lies the answer to the question and in the end it will come down to the individual.  I suppose more conclusively, presently there’s a shortage of properties in Vilamoura (and other high demand locations) so the value is clearly there for most otherwise wed be like Spain and have properties sitting dormant and unfinished for years!

View our latest Vilamoura properties here.

 

Property highlight – Luxury Villa in Almancil Vale Formoso for sale

Property Highlight Luxury Villa in Almancil Vale Formoso for sale – Read about a stunning villa on the hillside in Almancil, Algarve for sale. By real estate broke IRG Property.

Property highlight – Luxury Villa in Almancil Vale Formoso for sale

Luxury Villa in Almancil Vale Formoso for sale. With all the fuss over contemporary design villas with their straight lines and clean open finishes. This tastefully finished villa offers a different take on elegance and charm.  Something that oozes throughout its delightfully free-flowing floor plan. Not to mention the rolling multi leveled gardens. All the whilst bathed in sun light with a Southerly orientation.  With a glimpse of a sea view it’s just about as idyllic a setting one could ask for.

The electric gates lead you up the imposing drive way. Which in turn forks right towards the double garages or straight ahead to the entrance.  The front door is something of a feature in itself at 3ms tall.  A tiled mosaic feature on the stair case leading up to the door fills you with a sense grandeur before even setting foot inside.

The property

The double doors lead onto the grand entrance hall.  From here you have a staircase leading down to the guest wing. Along with the basement, wine cellar and garage.  Whilst upwards you have the master suite with its exuberant bathroom. Featuring a grand shower, Jacuzzi bath and finished in luxurious stone and tile.  The master suite opens onto a huge terrace which looks across the countryside and the grounds. As well as the pool area. Bathed in sunlight it’s an excellent position to start the day or indeed end it.

Remain on the ground floor and you have a modern fitted kitchen with natural light in abundance. Direct access to the living area and also the hallway. With  the deck and pool area across the hall.  Into the living area, which is HUGE.  Inset lighting throughout is supported by three patio doors that lead directly onto the pool area. Whilst offering views to the gardens and beyond.  In the far corner of this regal themed room you also have a fireplace, ideal for those chilly winter nights.

Outside this property continues to impress. A large 10m x 5m heated swimming pool being the focal point. Surrounded by deck and a raised covered patio area.  There is a BBQ area and ample lush gardens on a split level with beautiful flower beds running around the entirety property.

This property is an ideal family home with everything one would expect in a property of this caliber.

View our video here or click-through to the website for more information – ID 3268 Vale Formoso.

 

Advertising your Portugal Property

If you’re interested in selling your property here in the Algarve, then you are highly recommend to use the services of a professional and licensed estate agent, such as ourselves. There’s simply no reason to employ a non licensed, “freelance” or in other words, illegal agent, for such an important process.

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Our unrivaled experience in not just Algarve property sales, but international sales offers an insight to the sales and marketing process that few agents can offer. Along with our extensive marketing both online as well as via our broad network of partnerships throughout Portugal. you will be in a position to achieve maximum exposure with minimal effort.

Our commitment to you is to uphold the highest standards of professionalism whilst helping you make the best real estate decisions.

Comprehensive marketing & sales strategy.

  1. An in depth and thorough analysis of your property. Using comparable properties in the immediate vicinity including properties recently sold as well as those on the market to establish the value of your home.
  2. Recommendation on the price point for your property, based on the above market assessment.
  3. Widespread publication of your property throughout Europe on the leading property portals as well as our own compilation of websites.
  4. Networked throughout our expansive partnership’s both locally and internationally offering the best exposure possible for your property.
  5. Print advertising in various local and UK based publications, at our discretion

What sets us apart from the competition?

Through many thousands of sales, we have fine tuned and honed a system that makes the selling process as easy, straight forward and painless for you. We walk each seller through the entire sales process step by step up to and including the final deeds and beyond.

If you’d like to know why IRG Property is one of the leading and most respected agencies in the Algarve give us a call, our experience is there to be shared.

CONTACT US TODAY: You can reach a member of our team on 0800 015 9997 from the UK or +351 289 313 325 from anywhere else.

Why IRG Property CAN sell your home?

  • €1,000’s spent every month in marketing
  • Maximum exposure on UK premier sites like Rightmove & A Place in the Sun
  • Huge database with thousands of buyer’s, updated weekly
  • Network of local estate agents in every major location advertising our properties
  • Proven track record of excellence with thousands of successful sales

Download our Property Buyer’s Guide
Please download our complimentary guide (PDF Format) on selling your house, including all the legal documents that we need to start advertising and marketing your property as well as some useful tips.
» DOWNLOAD HERE

Italian magazine places bridge in Vilamoura as one of the World’s “top 10”

1The pedestrian and cycling bridge VLM, with its main material being wood,  located in the longest Avenue in Vilamoura, was distinguished as one of the ten best in the world by the Italian magazine “Domus”: considered as a reference in the fields of architecture and design.

The bridge, launched in 2009 and extending over 160 meters in the Vilamoura XXI Avenue, has also an artistic component; two dynamic images were created  on one of the sides of the wooden 25 metres tall wall, that is only visible as a whole “in motion”.

“What began as a very simple project, became eventually a work of art,”  quotes the architect Francisco Salgado Re, one of the authors of the project, stressing that the sequence of images, consisting of 180 hand painted boards, works like “movie frames”

The two dynamic images created by the artist Domingos Loureiro are different; depending on the direction from where they are observed and visible from a 45-degree perspective – he added – explaining that they are not visible if viewed from the front,  only with the movement of cars.

With this project, designed by the studio And-Ré, based in Porto, the team also wanted to, in terms of visual and audible noise, direct the pedestrians’ attention to the lake and adjacent golf course and not the parallel road.

“We tried to create a point of interest from an extensive and somewhat monotonous route, giving a way to enjoy the scenery and sun setting and transforming it into a stopping and “viewing” spot, he noted.

Not only the bridge but also the “design” of some street furniture and the shared used bicycles within Vilamoura were And-Dre studio’s work.

Good property deal?

Is it only the sales price that constitutes a good property deal?IRG Property Portugal

A great question one should really think long and hard about before answering.  Of course for most buyers the simple response will be “yes, I want a big discount on the (asking)price”.  Are they wrong to think like this?

In some cases, yes, yes they are.  If the sales price is lower than average, lower than comparable properties in the same area then the price is good already, and that could be interpreted as a good deal based on the price.  The amount of negotiation on the advertised sales price is NOT a good indicator of how good a deal a buyer may be getting, let’s face it many properties are way, way over priced to offer discounts, that’s not a good deal (even though some buyers may believe it is).

Let’s look at an example ;

  • Property 1 : Sales Price €150,000 no negotiation is possible as the sellers must sell for this price.
  • Property 2 : Sales price €200,000 negotiable to €160,000, 20% “discount”

Assuming both properties are equal in every possible way, which one is the better deal?  Undoubtedly property 1 is the better deal, if there was even any hesitation in your thought process here please slap yourself.

Although a potential buyer may feel like property 2 is better value for money, due to the great discount they managed to negotiate this is a fake discount and they are in fact paying over the odds even with a 20% discount.

What’s clear with these situations is you need to trust your estate agent otherwise you’re likely to lose opportunities due to being unaware of all the facts in a transaction, like the example above.  Some agencies price the properties higher deliberately to allow for negotiation, and frankly this is sensible based on our hypothetical buyer’s mindset, but in those instances when the price is the price you must heed your agents advise and go along with what they say, if you don’t trust that advise find another agent simple.

Bottom line, yes the price is what constitutes a good property deal NOT the discount off the asking price don’t be confused.

David Cameron’s visit earns International compliments in the Algarve

2British Prime Minister David Cameron chose Portugal again for his family holidays.

After having been photographed in 2013 in Lagos and in 2014 in Cascais, on both occasions to buy fresh fish, this time the camera captured him having a drink with his wife, Samantha, around ​​Alvor area.

The couple and their three children, aged between five and 11 years old, are staying in a rented house in Monchique since they arrived at Faro airport on a low cost airline. And further, according to the Algarve newspaper “Sul Informação”, their accommodation is the same as two years ago.

The Cameron family vacations are attracting a lot of international media attention to the Algarve. British journalists even pointed and revealed the brands and prices of the outfits the couple were wearing at the time of the photos in Alvor.

Spanish highlight the beaches as “magic atmosphere”

Some Spanish publications have also taken the opportunity to point some of the Algarve’s tourist attractions. For example, the ABC newspaper describes the Algarve region as an area of “quality tourism with excellent services at affordable prices to the British pockets.”

In Alvor is highlighted the spectacular beach of “Três Irmãos”, for its fine sand and rocky surroundings, giving it a magical atmosphere,” emphasizes the ABC newspaper.

The stay of David Cameron in Portugal will not last much longer, as he is expected in London on the 15th of August, to commemorate the 70th anniversary of the victory over Japan in World War II.

Silves Medieval Fair

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The Silves Medieval Fair takes place from 7th to 16th August 2015 in Silves Historic Center (Algarve).

For nine days, Silves, capital of the Algarve during the Arab occupation, returns to its golden age. A historical recreation of the era of the Christian reconquest, the city is invaded by characters from the past such as acrobats, jugglers, dancers and snake charmers who display their skills.

This event, organized by Silves Municipality Cultural Department, intends to show the public and visitors how people lived once in Silves, as well as the city’s importance in the history of Al-Gharb with the Christian reconquest, and of course stimulate Cultural Tourism and the promotion of the city.

Do not miss this opportunity to experience live the noble’s parades, knights’s tournaments and also archers, artisans and merchants to proclaim their products.

Algarve considered the World’s best place for retirement

1The Algarve was considered, for the second time on a row, as the World’s best place to enjoy retirement.

In a review from the US Company “Live and Invest Overseas” quoted by CNN; the Algarve comes in first place, and highlighted the low cost of living, the beach, the golf courses and the ease of communication for native English speaking.

According to the review, the cost of living in the Algarve is significantly lower than in the United States.

To elaborate this review, it was considered the cost of living and Real Estate investment, entertainment options, the strength of expatriate communities, health care and logistics for relocation.

One of the highlighted factors is the ‘more than 100,000 expatriates, who promoted exchanges of books,  tennis and volunteer groups.

Pestana Group opens its 12th Hotel in the Algarve

1The former touristy complex “Torralta” in Alvor, will be nº 12th Pestana Hotel in the Algarve.

With an investment of eight million euros, arouse the “Alvor South Beach” that will be opening its doors on the 6th of August.

To “The Express” the Manager of the Pestana Group, Pedro Lopes, says this new project transformed a huge concrete structure destined to be another tower of “Torralta” – never completed – into a Beachfront Hotel.

This new Hotel has 79 rooms, of which 57 are suites.

It further has three swimming pools and a decor identical to the one on the Group’s Hotel in Miami.

Seven Vilamoura opening party

1Located in the heart of the Vilamoura Marina within the Congress hall of the Hotel Tivoli – SEVEN Vilamoura is back for a fantastic 2015 and promises to thrill the Algarvian nights with parties full of animation and with the best international DJ’s.

SEVEN will bring 38 nights of pure emotion, with a line-up and very special guests, reason for being considered as the only night club in the country hiring the best DJ’S in the world.

As one of the most desired locations, the space is designed with a main room, a communal lounge area, VIP area and also an outdoor area with 6 different bars available.

Don’t miss out!