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The Central Algarve In Brief

10th June 2009: Algarve Property News



The Central Algarve is one of Europe’s favourite holiday destinations, famous for its world-class golf courses and luxury resorts such as Vilamoura, Quinta do Lago and Vale de Lobo. More established than other Algarve regions, it still retains its charm and tradition and has a reputation for refined quality, prestigious communities and fantastic range of activities.

Property Investment In The Central Algarve:

For a property investment, the Central Algarve has a lot to offer the lifestyle investor. It is a mature area with a long history of successful real estate development and a solid rental and resale market.

The excellent infrastructure, golf, services and facilities attract visitors throughout the year and Vilamoura alone records over 300,000 rounds of golf per annum. This makes a buy to let property investment in the Central Algarve completely viable and most importantly, low risk.

This is crucial in today’s market. With so many emerging property markets over promising and seriously under delivering, the Central Algarve goes from strength to strength as a solid, dependable long-term property investment option.

Portuguese developers are naturally conservative and many have years of experience delivering real estate to exceed the high expectations of Northern European buyers.

It is these quality levels, superb locations, easy access to Faro International Airport, high demand for self-catering property and exciting plans for the future which should make the Central Algarve a first choice for lifestyle property investors in northern Europe.

Estimated Buy To Let Yields In The Central Algarve:

There follows a review of rental yields in the Central Algarve, taken as the average from local letting agents and UK market rates. Additional costs are not included.

Apartment: 810 GBP per week high season, 580 GBP per week mid season, 370 GBP per week low season, 587 GBP per week average, 16,436 GBP per annum with 28 weeks rental.

House: 1,250 GBP per week high season, 820 GBP per week mid season, 500 GBP per week low season, 857 GBP per week average, 20,568 GBP per annum with 24 weeks rental.

Small Villa: 2,150 GBP per week high season, 1,700 GBP per week mid season, 750 GBP per week low season, 1,533 GBP per week average, 30,660 GBP per annum with 20 weeks rental.

Large Villa: 3,000 GBP per week high season, 2,350 GBP per week mid season, 1,400 GBP per week low season, 2,250 GBP per week average, 36,000 GBP per annum with 18 weeks rental.

A Quick Guide To Towns In The Central Algarve:

Faro is the capital of the Algarve and is the largest, busiest and one of the oldest of the region's towns. Home to 41,934 people, the municipality has 58,305 inhabitants. Faro Airport is located about 7 km to the west.

In 2008, approx. 5.6 million people flew from Faro. This airport is mostly used by holiday makers but is seeing and increased number of business travellers as it is one of Europe's major low cost hubs.

Airlines that fly into Faro - Aer Lingus, Aigle Azur, Air Berlin, Arkefly, Austrian Airlines, Bmibaby, British Airways, Brussels Airlines, EasyJet, Finnair, Flybe. Flyglobespan, Germanwings, Hamburg International, Jetairfly, Jet2.com, Lufthansa, Luxair, Monarch Airlines, Norwegian Air Shuttle, Palmair, Ryanair, SATA International, Swiss International Air Lines, TAP Portugal, Thomas Cook Airlines, Thomson Airways, transavia.com, TUIfly

Vilamoura: Portugal's largest and most complete resort, it features the country's largest marina, 6 challenging golf courses, blue flag beaches, many sports & leisure activities, casino, medical & educational facilities, shops, bars, restaurants and all the entertainment you need.

Golden Triangle: The Algarve’s most exclusive area, it consists of prestigious resorts such as Quinta do Lago, Vale de Lobo and Almancil.

Quinta do Lago: Portugal’s finest residential and leisure development comprising four top golf courses, lakes and some of the most spectacular and beautiful property in Europe.

Vale de Lobo: One of the oldest and more established luxury resorts in the Algarve with two magnificent golf courses, as well as excellent tennis facilities with 14 courts and a great gym. There is a fantastic beachfront plaza with bars and restaurants.

Almancil: A small but busy village, conveniently located by the Algarve’s main national road N125 and is the main business and service centre for the greater surrounding resorts. Here you can find banks, post office, supermarkets, lawyer’s offices, restaurants and an excellent variety of services.

Golf Courses In The Central Algarve:

Laguna, Millenium, Old Course, Victoria, Pinhal, Vila Sol, Vale Do Lobo, Ocean, Vale Do Lobo, Royal, Quinta Do Lago North, Quinta Do Lago South, Pinheiros, Altos, San Lorenzo

Beaches In The Central Algarve:

Vilamoura, Quarteira, Vale de Lobo, Garrao, Quinta Do Lago, Faro


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