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Algarve Property News

28th October 2008: Vilamoura Hosts The Portugal Masters

The Victoria Golf Course in Vilamoura on the Algarve recently hosted the Portugal Masters - one of the of the most important golf tournaments in the PGA European Tour. Five European Cup players – Robert Karlsson, Miguel Angel Jiménez, and British players Lee Westwood, Oliver Wilson and Graeme McDowell were among the international stars that competed in the tournament.

In hosting such a prominent tournament, Portugal has reinforced its status as a major golfing destination. This is thanks to the high quality and choice of golf courses, the established international airport of Faro and fantastic year round weather.

Anyone with a rental property in Portugal would be wise to market it to golfers to guarantee income as this market is growing consistently year on year. Elite Algarve Properties Ltd have a comprehensive portfolio of golf property and can recommend the best approach for buy to let investors. With flight prices to failing emerging markets going up, the Algarve is benefiting as many tourists and investors return to more tried and tested countries.

The Portuguese government has highlighted golf as one of the 10 strategic tourist products in its National Tourism Strategy. As such, the construction of top-level golf courses and the hosting of major golf tournaments have been prioritised.

Portugal currently has 75 golf courses, 33 of which are located in the Algarve. Each year, Portugal attracts 300,000 golfers playing 1.4 million rounds of golf generating €1.8m in revenues. In 2006 and 2007, Portugal won the Golf Destination of the Year – Europe award from the International Association of Golf Tour Operators.

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