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Aspirational Algarve

08.02.21

The Association of Portuguese Resort reports a wave of new enquiries for properties in the Algarve from all over the world. The APR’s latest data found that the highest of enquires came from neighbouring Spain, followed by those from the UK and Ireland. Out of the UK enquires, 36% came from people living in London. These findings are backed by an Adecco and YouGov survey that found that 40% of Londoners said they would be open to leaving the UK and working elsewhere in Europe.

London is also the third city to generate the most enquiries globally, after Madrid and Rio de Janeiro. Fourth on the list is New York, showing that people from big cities all over the world are looking for a move to Portugal’s sun-drenched southern coast.

The APR’s findings also reveal insights into the potential buyers’ priorities. Across all markets, the main reason for enquiring was in relation to a primary residence, with this accounting for 43% of leads. Many others were interesting in finding a holiday home in Portugal. Overall, it was the desire for a fundamental change of location and lifestyle that’s behind the majority of enquires.

Vilamoura in particular, has seen a surge in interest. It’s an excellent example of the balanced blend of community and services that any expat from any part of the world is looking for in a move to Portugal. Villas and apartments are surrounded by an extensive modern infrastructure and all the community services required and sort after for a vibrant luxurious town. The community delivers a wide range of lifestyle choices and leisure opportunities, including an international award-winning marina, seemingly endless beaches, five renowned championship golf courses, world-class equestrian facilities, water and land-based sports facilities and high-quality education and health facilities. It is an ideal location for anyone looking for a life of leisure and luxury in the sun.

Vilamoura World is the Master Planner of the touristic town of Vilamoura. The company is responsible for the promotion of residential, touristic and hotel plots within the estate of 1,700 hectares. Offering a range of land plots ready for development and master planned to complement existing amenities, there are land banks available for development comprising a total buildable (Gross Construction Area) of 569,000 square metres of residential, touristic, hotel and retail accommodation.

Vilamoura World owns the centrepiece of Vilamoura, the long-term concession to operate Portugal’s largest Marina with 825 berths which has a multi-international award-winning track record. VW also owns one of Europe’s leading equestrian facilities covering 25 hectares.

For more information, call +351 914 071 129 or visit www.vilamouraworld.com 

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