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Meravista Reports Positive Trend in Algarve Property Market

Following you will find the most current market survey from Meravista regarding the recovering Algarvian Property market in 2014.

Meravista’s latest property market survey reveals that the banks’ valuations of homes across Portugal’s Algarve have risen by 11% in the last three months, with housing prices following the trend and increasing by 13%.

When Meravista last reported on property valuations for the Algarve in February this year, the provincial average was 1371 €/ m², only 5% higher thanStatistics Portugal’s (INE) bankvaluation of 1298 €/ m². As of May 2014, it looks like prices have risen. The Meravista average now stands at 1550 €/ m² and the INE’s is 1442 €/ m² demonstrating a gain in housing prices of 13% and 11% respectively. Going forward, Meravista plans to monitor this positive movement by broadcasting monthly property numbers and valuations reports for the Algarve region.

This first report analyses property located within the Algarve as a whole and in each of the 16 Concelhos (counties) of the region. Meravista’s research shows that the average value of property across the Algarve is €309,000 and the average price per m² is €1,550.

In calculating the number of properties in each price bracket, Meravista noted that a fifth of all homes in its database are being marketed for under €100,000, and just over 60% are priced between €100,000 and €500,000. Just 13% of properties fall within the €500,000 plus price range.

Property type numbers and valuations entire Algarve 2014

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German Cabaret Ensemble Kom(m)ödchen in Lagoa

Following you will find some impression from the German Cabaret Ensemble Kom(m)ödchen from Düsseldorf „Freaks. Eine Abrechnung“ last Saturday in Lagoa organized by the German Embassy Lisbon.

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Seminar: Income from Portuguese Property

AFPOPAFPOP and euroFINESCO announced their upcoming seminar: "Income from Portuguese Property: Holidays Lets, Long-term Rentals and Property Managers".

While Portuguese tax rates have increased on many forms of income, recent changes in legislation have opened a fully compliant strategy that can dramatically reduce tax assessment on short-term lets to holidaymakers as well as levies on Property Managers. Rather than paying a minimum of 28% as in conventional rentals, tax on Local Lodging can be less than 4%. Even better, Property Managers can now pay less than 1%.

afpop and euroFINESCO will be presenting the information at a seminar which will cover:

  1. Distinction between Local Lodging holiday lets and long-term rentals
  2. A comprehensive overview of compliance requirements
  3. The appropriate role of Property Managers
  4. How to maximise occupancy and still pay the legal minimum in tax

The seminar will take place at the Conrad Algarve Hotel (opposite Quinta Shopping), Quinta do Lago, Almancil on Wednesday 7th May. Coffee and registration will start at 10.15 and the seminar will commence at 11am ending at 12.45.

Bookings should be made in advance via the afpop office – Telephone 282 458 509 or e-mail info@afpop.com. The seminar is open to all at a cost of 15 euros per person (payable on the day) but is free of charge to afpop Members and to euroFINESCO clients and invited guests.

   

Open Door #10 at Quinta dos Vales

Quinta Dos Valles - Open Door 2014

Quinta dos Vales invites all to the “Open Door #10” event on Sunday, April 6th, from 11am to 7pm.

Everyone is welcome to visit this 10th edition which has become really popular over the last couple of years.

There will be musical entertainment, show cooking, a regional products market, archery and dancing amongst other surprises. As soon as the programm is available, we will inform you.

Find more informaion at Facebook.

Website: www.quintadosvales.eu

   

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