Algarve in the top 10 of most expensive streets in Portugal

Latest reports show that the Algarve features twice in the most expensive streets in Portugal. Not surprisingly both are by the beach and offer lavish sprawling private villas.

Algarve in the top 10 of most expensive streets in Portugal

Algarve has long ago settled itself among the hottest real estate areas in Portugal and a recent indicator, once again, comes to reinforce this idea. The property portal Idealista has published a list of the ten most expensive streets in the country. The Algarve is “represented” by Loteamento Fonte Santa, in Quarteira, and Vale do Lobo.

The first and second places on the list are held by Lisbon. In Rua do Salitre, right in the historic city centre, the average cost of a property is around €2.9 million. Third place was awarded to Loteamento Fonte Santa, with €2.4 million as an average price. Vale do Lobo is the 10th, with an average of €1,5 million.

Fonte Santa Algarve Portugal

Algarve: quality tourism and real estate investment

Algarve is not exactly a new destination for tourists from Britain and all Europe, neither for real estate investors. The region celebrated last year the 50th anniversary of the Penina Golf Couse, designed by late Sir Henry Cotton, a big fan of the year-round golf conditions of the southern Portuguese region. Just a year before had opened the Faro Airport, and then the international trend started.

Up until today, Faro is the only important international airport in mainland Portugal apart from Lisbon and Oporto, which clearly demonstrates the economic relevance of tourism in Algarve. It’s not a coincidence that only Lisbon, Oporto and Algarve make this top-10 list.

The achievement of having 2 of the ten most expensive streets of the country also points towards the high-quality profile of the region. Unlike other tourist areas across Europe (notably in Spain), “The West” (the original meaning of the word “Algarve”, of Arabic origins) has kept a high-quality profile. First as a tourist destination, and then – and as a consequence – as a real estate destination.

Algarve as a quality destination is a real political issue in Portugal. Pressure from grassroots movements has contributed to this goal. Environmental groups and some political parties have long complained about deregulated developments and wild trends in urbanisation and construction. Although some straps of Algarve have been “lost” to massive urbanisation, most of the region was able to preserve its natural, unique feel.

Moreover, civil society is currently tackling, successfully, the effort from economic groups to start offshore drilling for oil, in Algarve. Projects are rejected as they’re considered to be a threat both to the environment and to the quality of the region as a tourist destination.

The political consensus in the Portuguese society about the strategic importance of Algarve, and the ability to make decisions about it is also an important factor of improvement and valorisation of the local real estate market.

Espaços a Não Perder no Algarve

Os espaços Purobeach são conhecidos mundialmente pelo seu ambiente chill-out e glamoroso, instalados em cenários incríveis, obedecendo a um critério de luxo que só algumas localizações podem oferecer, tais como… Palma, Marbella , Barcelona e Vilamoura.

Espaços a Não Perder no Algarve

Os espaços Purobeach são conhecidos mundialmente pelo seu ambiente chill-out e glamoroso, instalados em cenários incríveis, obedecendo a um critério de luxo que só algumas localizações podem oferecer, tais como… Palma, Marbella , Barcelona e Vilamoura.

Se ainda não conhece, não deixe de conhecer o espaço do Puro Beach Club Vilamoura e desfrute até ao final de Agosto de uma experiência única.

O Puro Beach Club oferece

lhe dois espaços de excelência, distintos, mas com a mesma qualidade e savoir faire que este prestigiado espaço já nos habituou .

Beach Club

Beachfront junto à fantástica praia de Vilamoura e o Poolside que nos oferece uma sofisticada piscina, camas balinesas , serviço de catering premium e a melhor seleção de música presente ao longo de toda a programação deste verão apresentada por vários DJs internacionais…as festas lendárias de champanhe junto à piscina existem e podem ser vividas por si, aqui no nosso Algarve.

Envoiroment Friendly – Portugal’s first ‘100 percent electric’ minibus launches in Faro

fullsize-dia-do-ambiente-580The first electric minibus in the country was inaugurated in Faro last week, in the presence of Portugal’s Minister for the Environment, and will be used for regular public transport.

Portugal’s first ‘100 percent electric’ minibus launches in Faro.
Designed and assembled in Portugal the minibus is powered by three rechargeable batteries, which last for eight hours, and can reach speeds of up to 80 kilometres an hour.

The vehicle is seven-and-a-half metres long, can seat fourteen passengers, is adapted for wheelchairs and can run for 100 kilometres without having to be charged.
It was specifically designed to travel the narrow streets of Faro with the body being developed by national company Irmãos Mota, from Vila Nova de Gaia.
Faro and indeed Portugal’s first electric minibus cost in the region of €160,000 and is one of a fleet of 28 vehicles. It was blessed ahead of its maiden voyage by Father Pedro Manuel of the Faro Cathedral.

“With the project, our county has taken yet another step towards sustainable mobility and stepped up its contribution to fulfilling one of the eight objectives for the millennium to which the council subscribed, which include promoting sustainable development, reducing the loss of biological diversity and reducing the size of the population without access to safe water and sanitation” a Faro council spokesperson said.

Story from: http://www.theportugalnews.com

World Golf Awards inaugural Gala Ceremony in Quinta do Lago

The Luxury Conrad Hotel in Quinta do Lago has been chosen to host the World Golf Awards inaugural Gala Ceremony. The event takes place in 5 months time, from 14th to 16th of November.

CONRAD_04

“It was announced earlier this week that the three-day sporting extravaganza will take place at what is one of the Algarve’s newest and most modern hotels, the Conrad Algarve.

The World Golf Awards were created to “celebrate and reward excellence in golf tourism, world class courses and golf destinations”, according to a statement sent to The Portugal News from the organisers.

It explained: “Golf tourism constitutes a vital segment in the global travel and tourism marketplace. An estimated 600 million golfer visits will take place in 2014 to the 32,000 golf courses and resorts worldwide. The inaugural World Golf Awards will focus on the leading 130 nations who are shaping the future of this dynamic industry.”

Story from: http://www.theportugalnews.com/