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Luís Lima, president of the Portuguese association for real estate agents (APEMIP), recently spoke of a lack of high value property for sale in parts of the Algarve, which could threaten the future of the Government's Golden Residence Permit Programme: Meravista, the Algarve's biggest property portal, disagrees.
The Government's Golden Residence Permit Programme was launched in 2012. One requirement to qualify for a Permit is the investment of €500,000 or more in Portuguese property. So far, a total of 1,649 'Golden Visas' have been issued. Of those, 1,563 were via property investments and 80% of investors were Chinese.
In Luís Lima's opening speech at the Salão Imobiliário de Portugal conference and exhibition in Lisbon last month, he expressed concern that this successful initiative could be halted by a dearth of properties in the required price bracket and suggested that someone ought to invest in urban regeneration, and fast.
The APEMIP president included Lisbon, Cascais and 'desirable' parts of the Algarve in his list of areas where there was a shortage of properties on the market priced in excess of half a million euros.
Algarve property specialist Meravista doesn't agree that there's a shortage of high end property for sale in the region's sought-after locations. Meravista director, Anita van Huson, comments: "A quick search of Meravista's property map should be reassurance enough that there are many suitable properties for sale - in the Algarve at least." She explained: "We currently have 3000 properties in our database valued at half a million euros or more and that's not counting commercial property or plots of land. In Loulé alone, which covers the Golden Triangle resorts of Quinta do Lago and Vale do Lobo, we can offer buyers 1092* exclusive homes."
Examples of property considered suitable by Meravista for Golden Residence Programme investors include the following:
Luxury living in Lagos
This spacious and immaculately presented four bedroom property on the outskirts of Lagos is on the market for €995,000. It has many stunning features and is close to Boa Vista golf course and all main amenities.
Two for the price of one
This farmhouse-style property, in picturesque Vale Telheiro, comprises two separate houses with an inviting pool in the middle. It's about 1.5km from the centre of Loulé and a short drive from beaches, golf courses and Faro Airport. A bargain at €590,000.
Haven in the hills
This restored and refurbished home is priced at €850,000. Located in the hills of Vale Formosa, close to Almancil, it's only 5 minutes' drive from restaurants and shops, 8 km from beaches, golf courses, Quinta do Lago / Vale do Lobo resorts and 15 km from Faro airport.
Shake hands with the celebrities
It's all about location. This magnificent new home is in the sought-after Quinta do Lago resort – favoured by celebrities across the globe. It adjoins the Quinta do Lago golf course and has just about everything you could wish for, except maybe the €4.5m price tag!
Ms van Huson continued: "It's easy for buyers to find property in their preferred area at a price to meet their budget, as well as the golden visa criterion. They simply need to select their price range then zoom in on the map location to view the range of homes available." She concluded: "As well as property in the better-known coastal resorts, there are many excellent homes priced between €500,000 and €1m in the hills and countryside around popular towns such as Tavira and Silves. That's the beauty of Meravista, it lets buyers shop around in the comfort of their own living room, whether that living room be in Ireland, France or China."
For further information contact Anita van Huson email@example.com.
*Based on Meravista's database of 25063 properties. Correct at 22.10.14
The properties featured in this blog were listed for sale on Meravista at the time of publication, but may have since been sold or removed from the website.
Meravista is the world's largest property portal devoted exclusively to the Algarve. It brings visitors the latest state-of-the art search technology, making it easy for them to find their perfect property in the Algarve.
Property buyers can search for their retirement Quinta in Tavira, luxury villa in Quinta do Lago, a second home in Lagos or a beachfront apartment in Vilamoura.
They can choose their favourite location on the map, select their desired criteria, and see the Algarve properties that fit the bill:
- View maps, listings and property details at the same time
- Choose from over 15000 Algarve properties
- Compare properties side by side
- Save favourite properties and searches
As written earlier the evening with Lukas Resetarits, the award-winning Austrian comedian, was a marvellous event. The German School Lisbon was the stage on Saturday, 11. October 2014. See some impressions of the event.
(c) All images by Hammer Computer
Wir suchen einen Pächter für unser Grundstück mit Bebauung (2-5 Häuser) in der Nähe von Odemira. Das Anwesen liegt strandnah in einem Tal mit Korkeichen und einem See.
Wie und in welcher Konstellation das Zusammenleben gestaltet werden soll bleibt jedem Pächter selbst überlassen.
Als ganz besondere Senioren-WG, die ihren Lebensabend zum größten Teil im Alentejo verbringen möchte (Deutsche Rente ist ´steuerfrei in P!). Als zweiter Wohnsitz mit viel Platz für die Besuche der Großfamilie. Oder als Urlaubsdomizil für Menschen, die an diesem Fleckchen mehrere Wochen oder Monate im Jahr verbringen möchten. Wir machen keine Vorgaben was die Wohnform oder die Bewohner angeht.
Die Gruppe findet sich selbstständig oder wird vom Pächter gesucht.
Unser Wunsch ist es, das Anwesen dauerhaft zu verpachten. Wer sich vorstellen kann, hier Jahrzehnte oder sogar sein ganzes Leben zu verbringen, wird kurzfristig Planenden vorgezogen.
Ausführliche Informationen zum Projekt finden Sie unter www.lebensplatz.com.
Insurance For Foreigners In Portugal
afpop has organised two seminars aimed at clarifying the options available on insurances and using insurance for investment. Presentations by Henrique Pinheiro of Medal Insurance and Matthew Krystman, independent financial adviser, will cover many important aspects of relevance to foreigners residing in Portugal. Insurance is a very broad and often confusing subject so our two speakers, both experts in their own fields, will be explaining a number of issues that afpop has been asked about by Members and the options of many more ... and will also be available to answer general questions about insurance related matters 'from the floor' at the end of the presentations.
The seminars will include:
- car insurance for foreign registered vehicles and the difference between insurance policies in other countries
- house insurance cover and the options
- health insurance age limits, cover for pre-existing conditions, foreign health policies
- the potential for tax advantages when investing in insurance products and the diverse investment choice
- using insurance products as a platform for retirement planning – the role of QROPS and QNUPS
The first of the two seminars will be held in the Câmara meeting rooms in the walled old city of Faro on Thursday 23rd October and the second will be held the day after at Boavista Golf Clubhouse, Lagos, on Friday 24th October. Registration and coffee will start at 10.30am and the seminars will begin at 11.00am and finish by 12.30.
Please book your place as soon as possible through the afpop office on 282 458 509 or by e-mail to firstname.lastname@example.org. The seminars are open to all and will be free to afpop Members but a small charge of 10 euros will be made to non-Members payable on the door.
Bei der Unterkunftssuche setzt jeder Urlauber andere Kriterien an. Der Eine sucht nur eine günstige Übernachtungsmöglichkeiten und ist viel am Strand unterwegs und der andere möchte mehr Entspannen und ein schönes Ambiente zum Lesen haben.
Businessreisende haben nochmal andere Anforderungen, die auch ein einfaches Arbeiten mit dem Laptop erlauben und absolute Nachtruhe garantieren.
Nutzen Sie die Hotelsuche von Hotel-Vergleich.net, denn hier ist die Besonderheit, dass Sie nicht nur die Hotelzimmerpreise miteinander vergleichen, sondern auch geografisch zugeordnete Privatzimmer entdecken, die oftmals vom Platzangebot und dem Ambiente im großen Gegensatz zu den Hotels stehen.
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Better Living in Portugal
BLIP (Better Living In Portugal) exhibition
Date: 4-5 October 2014
Where: Portimão Arena