Quinta do Lago continues to be Hot Property for luxury buyers. As we approach the end of 2023 and with the festive season taking priority as we wind down to precious time with our families, we look back on a year that has seen Quinta do lago real estate continue to be a hot property location for luxury lifestyle buyers.
As referenced in our previous article, Why The Algarve Region is Attracting Young British Crowds for Property Investment, international real estate has seen increased growth in the Algarve throughout 2023. None more so than the idyllic Portuguese destination of Quinta do Lago.
Regardless of whether it’s the conventional property buyer or a younger crowd that has spotted a potentially lucrative investment opportunity, according to The Wealth Report 2023 a third of property buyers are turning to the Algarve’s real estate market to provide a potential safety net against inflation and diversify their new or existing property portfolio further. In the year ahead, 19 percent of UHNWIs (ultra-high-net-worth individuals) intend to invest directly in income-producing real estate. A promising statistic for the golden triangle in particular that provides a cachet of living experience and year-round sunshine as just a nod to the immense possibilities the southern coast has to offer.
Quinta do Lago, along with surrounding areas such as Vale do Lobo and Vilamoura continue to be top locations, frequenting those who have a taste for the finer things in life and appreciate luxuriousness around every corner.
With consistent property-price growth and guaranteed rental returns, Quinta do Lago has seen continuous demand from international investors from the United Kingdom and other European countries, even as far as the United States of America.
The Algarve’s Proposition
With tourism at an all-time high indicated by LUSA, tourists booking and staying in accommodation recorded some ground-breaking figures during August 2023.
So it’s no surprise that tourists have toyed with the idea of making their stay more permanent in regions such as Quinta do Lago which has proved to be popular with not only tourists but also budding investors.
As a result, between the periods of September 2022 and September of this year, real-estate prices in the Golden Triangle increased by 15 percent, making this desirable location the second-highest performing European real-estate market.
With interest in the Algarve in general peaking, this has driven demand for holiday homes, with real-estate values and rental returns growing over the past few years in Quinta do Lago.
With proximity to Faro International Airport, meaning family members have a fairly easy commute to visit in addition to shopping outlets, best-in-class bars and restaurants, award-winning golf courses, and a plethora of activities for young and old to enjoy under bright blue skies, it makes for a long term investment haven.
The Proffer of 2024
The property industry is very much dictated by supply and demand regardless of location, but here in Quinta do Lago and the wider Algarve Resorts Regency Luxury Property operates in, there are no indications of the demand for luxury investment opportunities in real estate stagnating. We only envisage residential sales and property values to continue to appreciate.
European Union [EU] and non-EU Investors also have the opportunity to take advantage of appealing tax benefits via the Portuguese Non-Habitual Resident (NHR) program. Thus, those who are looking to buy and offer their property for rental income, it’s a case of that the stronger the tourism market in this part of the world, with an average of 4.8 million visitors from all over the world visiting the Algarve, the increased chance and interest there will be during peak periods which means a sustainable side income on your chosen property.
Regency Luxury Property is available to guide you in the luxury real estate market helping you to make informed decisions tailored to your individual financial goals and risk tolerance. Our reputation has been built upon supporting the requirements of many property investors from all over the globe who fall in love with Portugal’s southernmost region.
If you are looking to invest in Quinta do Lago real estate or surrounding regions in the Golden Triangle in 2024, contact us for more information.
On behalf of the team at Regency Luxury Property, we wish you a very Merry Christmas and a prosperous new year ahead.