Property sales in Portugal increased by 47%

Signs of recovery are becoming more and more noticeable on the Portuguese property market. According to the latest figures, the number of properties sold in the first quarter of 2015 was the highest in five years. Continue reading

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Vilamoura Sold!

International investments in the world famous resorts of Vale de Lobo and Vilamoura have been massively reported in the media during the last couple of months.

Vilamoura is a resort town in the heart of the Algarve, covering more than 2,000 hectares, of which 70 are building land (for hotels and more than 5,000 villas and apartments), the prestigious 825 berth marina, awarded Best International Marina in 2015 by the Yacht Harbour Association, 5 golf courses, a golf academy, a casino and the controversial “Cidade Lacustre”, a project which contemplates the flooding of thousands of hectares of agricultural land to create a luxury “lake city”. Due to its status as a resort, it is run by a management company (Lusort) which is responsible for the town as a whole. Continue reading