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.
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!
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 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.