Portugal was announced the winner of 16th prizes at the Annual World Travel Awards

 

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Winners at the World Travel Awards Europe Gala Ceremony 2014 have been revealed during a night of suspense at the Divani Apollon Palace & Thalasso in Athens, Greece.

Hailed as ‘the Oscars of the travel industry’, World Travel Awards celebrates its 21st anniversary this year and is acknowledged across the globe as the ultimate travel accolade.

The brand aims to celebrate those organisations that are pushing the boundaries of industry excellence.

It is with a great pleasure that after the 9 prizes achieved last year, Portugal was now announce the winner of 16th prizes of the 21st World Travel Awards, voted by travel agents worldwide.

World Travel Awards President Graham Cooke said:”Europe is presently in the middle of a fast paced recovery after a couple of tough years, and the brands that have taken our awards tonight are at the forefront of this. Our voters have recognised these are the key industry players who will be leading the pack over the coming years. This is a springboard to their continued success”

Europe’s Leading Airline to South America TAP Portugal
Europe’s Leading Airline to Africa TAP Portugal
Europe’s Leading All Inclusive Resort Pestana Porto Santo Beach Resort & Spa, Portugal
Europe’s Leading Boutique Hotel Vila Joya, Portugal
Europe’s Leading Boutique Resort Choupana Hills Resort & Spa, Portugal
Europe’s Leading Cruise Destination Lisbon, Portugal
Europe’s Leading Cruise Port Porto de Lisboa, Portugal
Europe’s Leading Design Hotel The Vine Hotel, Portugal
Europe’s Leading Hotel Residences Pine Cliffs Residence, Albufeira, Portugal
Europe’s Leading Landmark Hotel Bairro Alto Hotel, Portugal
Europe’s Leading Island Destination Madeira Islands
Europe’s Leading Luxury Resort Conrad Algarve, Portugal
Europe’s Leading River Cruise Company DouroAzul
Europe’s Leading Tourist Board Turismo de Portugal
Europe’s Leading Villa Resort Martinhal Beach Resort & Hotel, Portugal
Europe’s Most Romantic Resort Vila Vita Parc, Portugal

 

WTA’s global media partner network includes International New York Times, TV5Monde, CNBC Arabiya, Newsweek, Outlook Traveller, Travel & Leisure, Khaleej Times, Trade Arabia, TTN, Trav Talk India, Publituris, ASTA Network, Breaking Travel News, eTurboNews, Travel Daily News International and Focus on Travel News.

 
 

 

Algarve Property Sales start the year strong

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The Algarve has seen a very strong start of the year with property sales returning to a very positive levels,  as well as rentals and hotel occupancy.

After more than three years of house prices decreasing due to the state of the economy, Portugal’s property market is now improving and prices are beginning to escalate.

According to Statistics Portugal (INE) property prices have increased in the first quarter of 2014 and this trend is set to continue over the next 5 years.

The Organisation for Economic Co-operation and Development (OECD) have also confirmed this fact as highlighted in a recent article in the British newspaper, The Telegraph. The OECD  in their latest study, they highlighted that property markets in Australia and France are overpriced yet Portugal’s properties are undervalued.

New buyers under the golden visa program have boosted the luxury real estate prices. These “new” buyers are creating a fresh perspective and a well needed boost to our market. We have seen many new shops opening up, renovations being done, new building projects being started and sold in a very short time, showing positive signs that the Algarve is recovering.

Anyone looking to buy property in Portugal should act sooner rather than later to take advantage of the improving state of the property market.

If you are still looking for a property in the Algarve, we should advise to start looking seriously at purchasing this year as the market is recovering faster than expected. There are still good deals to be found, but the discount deals are quickly disappearing.

If you have any queries on our properties , please contact one of our Property Advisors such as Teodora Aquino, Georgina, Sofia, James Hobson.

Contact us now  to discuss your current property criteria to find you a dream home under the sun.

  • You can reply to us in English
  • Vous pouvez repondre en Francais
  • Pueden contactarnos en Espanol

 

 

French invaders are welcomed by the taxman

 

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More than 2,200 French national bought house in Portugal last year and 20,000 will live in the country by the end of 2015.

This is the estimate from the Franco-Portuguese Chamber of Commerce & Industry , French retirees are moving to Portugal attracted by the golden retirement package offered by the Portuguese tax man, “there are many migrants who live eight or nine months in Portugal and the rest of the time in France. They already can benefit from new laws and not pay taxes on retirement income or on capital gains or dividends.”

The status of non-habitual resident in Portugal, in force since January 2013, allows any retired EU citizen tax exemption for ten years, provided he or she has not been a tax resident in Portugal in the last five. The laws also cover professionals pursuing a high added value job, which may benefit from an income tax reduction to an attractive 20%, somewhat more attractive than France’s top rate of 75%.

In the first Real Estate and Portuguese Tourism fair, between 70% and 75% of visitors were French, mostly retired, but the tax benefits can also be taken full advantage of by Portuguese immigrants who want to return to the country.

 

Story from: algarvedailynews.com

Holiday pound stretches furthest in Bali and the Algarve

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Swings in the pound and local price changes makes Bali the cheapest destination with the Algarve best value in Europe.

Bali has emerged as the best value holiday destination for British travellers this year, as a strengthening pound helps budgets stretch further in most resorts and cities.

Holiday costs for Britons were down in 70pc of the 44 destinations surveyed in the Post Office Travel Money report, with prices falling by up to 30pc.

Bali is the cheapest holiday destination overall, with a typical basket of holiday goods costing £31.48 compared with £115.06 in New Zealand, the most expensive destination surveyed.

The Portuguese Algarve came out as the cheapest destination in Europe, with a basket of items costing £35.37.

The survey showed that although the pound was slightly weaker against the euro compared to last year (-1.9pc), prices have fallen 18pc in the Algarve. Conversely, Spain was the only country to record a significant price increase, with meal costs rising 22pc on the Costa del Sol. This pushed Spain’s basket of goods to £39.14, pushing Spain into sixth place.

Paul Havenhand, head of travel at Post Office, said: “We urge cost-conscious holidaymakers to include a comparison of exchange rates for all the destinations they are considering before coming to a final decision. This is likely to make a positive difference to the overall cost of a holiday.”

He added: “At the moment sterling is stronger against three quarters of the top Post Office holiday currencies.”

Resorts are cheaper in Cyprus, Greece and Italy, the survey found, although Italy remains the most expensive destination in Europe with a basket costing around £81, twice as much as Portugal.

The basket includes items like an evening meal for two, a cup of coffee and sun cream.

Popular destinations this year are likely to include South Africa, Vietnam, Burma and Qatar, the Post Office said.

Post Office Travel Money Worldwide Holiday Costs Barometer:

Story from: The Telegraphy

Best European countries: Portugal wins Readers’ Choice vote

 

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Portugal Tops With Readers

USA Today 10Best Readers’ Choice contest for ‘Best European Country,’ voting was heaviest for one nominee in particular.  Portugal has apparently stolen the hearts of our readers as it secured the lion’s share of votes.

Portugal is less iconic than other well-known countries, but it offers a wealth of opportunities to travelers: charming villages, great food, fascinating regional music, cultural opportunities, a beautiful coastline and even world-class surfing.

Italy and Austria landed solid in second and third, while a mere 47 votes separated 4th place finisher Germany from Spain in 6th place.  The (very large) United Kingdom, with no language barriers for Americans and a wealth of well-known landmarks, took 5th place.

The biggest surprise? Iceland, which trumped Greece, Norway, and several other more exotic countries, to land in the top 10.

The full list of winners in the ‘Best European Country’ contest category for 10Best Readers’ Choice is as follows:

  1. PORTUGAL
  2. Italy
  3. Austria
  4. Germany
  5. United Kingdom
  6. Spain
  7. Ireland
  8. France
  9. Iceland
  10. Switzerland

Congratulations to all the winners.  Wondering where to take your next trip?  This list makes a fabulous overseas bucket list.

All nominees were chosen by experts in the Travel Industry. Thus, the other 10 nominees also deserve some consideration. They were  Belgium, Croatia, Czech Republic, Greece, Hungary, Montenegro, Netherlands, Norway, Sweden and Turkey.

Story from : USA TODAY 2014

Dutch squad prepares World Cup in Lagos

 

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The Algarve is once again elected by the Dutch national football team for conducting an internship destination before a big international event, revealed the newspaper “Algemeen Dagblad”. According to the publication, the Oranje team will be in the region from the 20-27 of May, before the start of the World Cup football in Brazil.

The Algarve has many municipal and private practice fields and some of them are within hotels and resorts and provide great conditions for any sport throughout the whole year this fact makes the Algarve an usual destination stages of major European football teams during low season.

The Cascade Resort in Lagos has been chosen to host the Dutch national football team for a week-long training period before this summer’s World Cup in Brazil.

The runners-up of the last edition in South Africa will be fine-tuning their tactics for the competition between May 20 and 27. And Coach Louis van Gaal will feel very much at home in the Algarve as he owns a property in Vale do Lobo.

The Netherlands will face Spain in the first game of the ‘ Worldcup 2014 ‘ on 13 June. The choice of Algarve was due, according to the newspaper”Algemeen Dagblad”, similar climate to that expected in Brazil.

It was already known that the Netherlands national team had chosen the Algarve, but only now was it announced that the Cascade’s Performance Football Academy will be its host.

Algarve tourism chief Desidério Silva had already praised the decision back in December, deeming it “excellent news” for the Algarve.

The resort is delighted, stating that “with this prestigious football team, the Cascade Resort and Performance Football Academy is closing a very successful football season.”

Since its opening in 2011, the resort has received top-class squads from all around the world, such as Zenit St. Petersburg, Bayer Leverkusen and Spartak Moscow.

It will be the second time the Dutch squad practises for a major competition in the Algarve, after having chosen the region to prepare for the Euro 2004 held in Portugal.

 

 

 

 

 

 

Infinito Real Portugal Algarve Property Agents

What type of company should you use for buying your Algarve property?

 

Infinito Real : What type of company to use to buy property in the Algarve?

 

With the way the overseas property market works now a days you would be forgiven for not quite knowing who you are dealing with. The simplest way to look at it is too split up companies into types of agents :

 

1) Full broker agents : Infinito Real work as a full broker agent here in the Algarve. What does this mean? Well basically we work with our own portfolio of properties, without being tied to just one area, as well as working with the top traditional real estate agents in each area across the Algarve. The benefit to this is you instantly have access to all the properties available in each area, you have an independent advisor who has knowledge of each different area you are considering and as such can point out the benefits and pit falls of each area without having to worry about losing the sale as we can of course work in any area.  For us this method is much more efficient for client’s which is why we do it, it gives us a greater chance of being able to find our client’s the property they want wherever they are looking and it gives the client the chance to see all the area’s a full range of property without having to to see 5,6,7 or more different agent’s.

2) Traditional real estate agents : Your traditionally agent’s generally cover the area where they are based and only that area, they have their own listing’s and only sell their own listings. A great option if you know exactly where you want to buy a property and want expert knowledge and advice from a company that works and covers that area only. The downside to this is there is no comparisons to other area’s the agents who chose an area and work like this too so as it’s an area they prefer so there is a bias towards it.

3) Overseas Property Agents : A lot of companies (or website nowadays) advertise and offer services in huge numbers of countries. Now on the face of it this looks great offering impartial advice in such a large range of countries is great, however most of the information is taken from other companies who advertise on these sites and, in the majority of cases, aren’t the actual company you’ll be dealing with when you make the appointment. For most buyer’s this is not a sensible way to buy and/or look for property, firstly to cover such a variety of countries without offices in them is impossible. A local agent, or broker agent in the country or area you are looking in would be a most better option than this, you’ll get up to the date information and much more information than dealing via, what’s effectively a property portal service.

 

For us the best and most efficient way to view property is with a Full broker agent especially if you haven’t been to the country very often and are still open to different area’s, you can be guided through different locations different price brackets and filter down your search that way. Of course even if you know the area you want it can be beneficial to work with a broker agent as they will be able to line up a larger range of properties for you with all the main agents of that area rather than having to go find them yourself and arrange different appointments with each one, starting from scratch in terms of requirements and personal taste.

One of the key benefits of a larger broker agent is the option of subsidised viewing trips which are a great way to find a property with the minimal of fuss and hassle.  You can read about Infinito Real inspection trips here if you’re interested.

 

To see a full range of properties for sale in the Algarve take a look at our website, which is constantly updated with new listings and information on buying property in the Algarve.

Portugal Property – Are price’s flexible?

Are property prices negotiable in the Algarve? And how does it work.

 

This is a hugely debatable topic, and one that has no set answer at the present time. The answer is Yes and No! Portugal property price’s have dropped, however they have not dropped to the same extent as say Spain’s Costa’s. Why you may ask, well it’s simple supply and demand. There are zero new developments in planning/construction in keys areas in the Algarve right now, very few prime plots available for villa’s and no new, undiscovered area’s to develop. What this means is once the properties are sold they are sold, done. Price is then determined by seller’s, and the Algarve market is not, primarily made up of buyers looking to “flip” properties. It also have very few desperate sellers any more, most can hold on to the property until the price’s realign.

Algarve Property Prices

 

What is difficult for buyers these days to understand is they can’t simply expect seller’s to lower the price by 40% because “the market’s bad”, it doesn’t work, and anyone saying this is the case is simply not telling the truth. It’s correct there has been large drops in price from builders original sales price as they were over priced to begin with that’s why they didn’t sell in the peak of the market. But now they are more or less good value for money, and asking for further reductions is not possible (of course a small reduction is always possible).

Algarve property price’s are at a great level just now, and although some properties will always come up for sale cheaper than the rest, the price point is relatively stable at this point and it would be pessimistic to say the least that price’s have further to fall.

A prime example of pricing to sell are Lusort in Vilamoura, they own substanital developments (Victoria Gardens, Sunset Villas & Monte Laguna) and were considered expensive even at the peak times. They have reduced their prices during the summer as a promotion and sold considerable amounts of property. This is a developer that would not even lower the price by €5,000 before 2010, now they have lowered all the developments by approx. €100,000 on average and they sold.  BUT they didn’t budge on these new prices, so the price you saw was the price you paid.

 

Portugal Property Bargains? 

 

The idea of this is to get buyers used to accepting the price they see as the discounted price, there is no need to negotiate further, and in most cases this wont make a huge difference anyway, as it has already been stripped to the minimum.  What tends to cause a bit of confusion is agents suggesting buyers can get huge discounts off everything in the hope of getting a buyer interested in the property, without knowing what the seller will take. This is, in my opinion, a waste of everyone’s time and is what causes part of the problem for buyers, as they want to believe the person telling them they can get discounts of 30% or more, and when they are rejected they loose interest.

Ultimately if your a buyer, by all means put in an offer, but a sensible offer speak with your agent and ask them how much they think is reasonable. If you offer substantially less, most buyers will reject it and not even counter offer, so if you do really want that house you’ll now be in a much weaker position as the seller is already offended.

 

 

We’re here to make the buying process as easy as possible so if you have any questions please just drop us a line.

Contact us here

 

LUXURY ALGARVE PROPERTIES, WITH FANTASTIC FINANCE DEALS!

The premise for these limited properties is straight forward. The bank have taken over the development from the builder as they can no longer support the loans on them.

The bank does not want to have properties on their books, so we have managed to agree a deal that suits everyone. They will finance the entire purchase price (subject to status) with rates of just 2% + Euribor.

It’s an opportunity that has rarely been available in the last few years, and will surely fuel massive interest in these projects.

The prices have been slashed drastically, and savings of over €100,000 are on offer, so even if you do not need this level of finance then the properties are still an unbelievably good deal.

We can provide you with a free financial analysis to determine what level of price you can qualify for within the criteria of this offer

For more information please contact us today. We have these deals in the following locations :

Vilamoura, Porches, Albufeira, Lagoa, Olhao, Loule, Alvor, Portimao.