ONE Select Properties Mag 2022

+351 289 143 940 | info@oneselectproperties.com | www.oneselectproperties.com Loja 12, Quinta Shopping, Quinta do Lago, 8135-862, Almancil, Portugal

2022: The Year of Rebounds This past year has been reinvigorating for the real estate market in the Algarve. Property purchase transactions throughout Portugal reached a record breaking number, in the past 5 years, of 250,000 homes sold.

In Quinta do Lago and surrounding areas, this has definitely resonated, which again confirms and demonstrates the stability and reliability of the real estate sector.

As

Portugal

becomes

the

second

country in the world, following the United Arab Emirates, with almost 90% of the population vaccinated against COVID-19, I trust we are on the right path to keep a healthy national and international economy, following two globally tough years.

With this global pandemic seeming to reach a controlled halt, the vaccine rollout for 2022 will be crucial, more importantly, for the hospitality sector in Portugal, which should see a pickup in foreign demand, as travel restrictions are updated and vaccination rates increase.

With international travel boarders safely opened, the demand for high-end luxury properties should maintain for the coming year. Alongside confidence in the market, a global shift for more accommodating homes located in city vicinities, with safety, health and life-enhancing facilities available, Quinta do Lago and the surrounding areas will prove to be a sure investment for the coming years.

JOSÉ CARVALHO, COMPANY DIRECTOR

01 M AR K E T U P DAT E 2022

MARKET UPDATE 2022 | 02

What to Expect for 2022 The world economy seems solid according to the Organization for Economic Cooperation and Development (OECD), predicting a record speed growth of 4.5% for 2022 (PWC, 2021). However, moving from “the great lock down to the great rebound” could globally, be tougher than it sounds.

The future of the real estate market will depend on the vaccine rollout of the first two quarters of 2022. Specifically in Northern European countries, that are expected to reach close to full vaccination in the second semester of 2022 (PWC, 2021). Mostly impacted by this rollout has been the hospitality sector in Portugal, which should see a pickup in foreign demand as travel restrictions are updated and vaccination rates increase.

With Portugal reaching a GDP of 4.8% in 2021 (a 4.2% growth from 2020), higher than forecasted, experts indicate a steady economic recovery path, reaching 5.6% GDP values for 2022. As indicated by the Portuguese Prime Minister, Antonio Costa, the national economy has shown an incredibly resilient comeback and has revealed all the “right ingredients” to keep growing.

03 | MARKET UPDATE 2022

PROPERTY TRENDS Despite economic uncertainties, the property market in Portugal has shown throughout the years to be a resilient and stable investment. According to the National Institute of Statistics (INE) median property prices have been on the rise since 2020, at +6.8% this past year, a value more accentuated than other countries in the EU. In the past 10 years, the price per square metre, in Portugal, has risen by 86%, from €1,432 in 2010 to €2,670 in 2020. Whilst this increase can be noted nationally, experts point to a similar increase of 70%, per square metre pricing in the Golden Triangle area.

British buyers have always been prominent property owners in the Golden Triangle and when the Brexit deal was proposed the Algarve real estate market was predicted to suffer. Undeterred by so, the nationalities which have most seeked luxury homes in the Algarve are British (55%), Irish (20%), German (10%), French (7%) and Other (6%).

LOCATION, LOCATION, LOCATION “Location, location, location”. Never has this famous saying in real estate been so relevant. More than ever, property buyers are looking for locations in the vicinities of big cities or town centres, with an expansive outdoor space, large terraces, a home office, more bedrooms and bathrooms and overall communal, lifestyle enhancing amenities.

Properties in the luxury resort of Quinta do Lago and the surrounding areas, are indeed the answer to all of these and more requirements. This location provides expats and international buyers with the lifestyle they have always wished for.

Real estate experts point out, that the future of the Portuguese real estate market, will depend on the support given to extremely important sectors such as tourism and hospitality.

Correspondingly, the demand for high-end luxury properties should remain, provided the scarcity of product decreases. Perhaps a lower rate of sale in 2022 could be impacted by lack of properties, delays in project licensing in most municipalities, alongside considerable strain in obtaining credit for construction.

MARKET UPDATE 2022 | 04

Investors Looking for the Golden Visa In October 2012 the Portuguese Government introduced the Golden Visa scheme, a residency program which has since attracted more than €5.7 billion of direct foreign investment into Portugal.

With the aim of attracting High Net Worth Individuals (HNWIs) to the country, the Golden Visa offers a residency visa for up to 5 years, in exchange for a qualifying investment made in Portugal and is valid only for non-EU-EEA or Swiss citizens.

As of the beginning of 2021, UK passports lost their freedom of movement in the Schengen Area. Here are 3 great reasons why UK citizens could look at Portugal for residency; travel rights across Europe, a desirable lifestyle, and ultimately a European citizenship through investment.

As of January 2022, Golden Visa applicants must invest and apply using the one of the following routes: Real Estate Acquisition - Purchase worth at least € 500,000, within the designated “lower density” areas; Fund Subscription - Capital transfer of at least € 350,000 in a qualifying investment fund; Capital Transfer - Capital transfer of at least € 1million to a Portuguese bank account; Company Setup - Invest € 1million in a Portuguese company together with creation of jobs.

05 | MARKET UPDATE 2022

CHANGES JAN 1 2022 ST

Following amendments to the Portuguese 2021 State Budget, the Golden Visa scheme notes changes as of January 1st 2022, particularly for citizens looking to invest via a real estate acquisition.

The Golden Visa proved to be a successful accord for the real estate industry, especially in the capital, Lisbon and other cities such as Faro and Porto. As of beginning of 2022, foreign citizens looking to invest in real estate, in order to obtain legal residency, will be restricted to invest only in “lower density” rural areas.

This amendment to the visa scheme has been introduced so as to “boost” investment in cities within the interior of Portugal, which in the Algarve does not include the most sought after touristic parishes and will perhaps hinder real estate investment, via the scheme, in the area.

FUND INVESTMENT ROUTE This could be the alternative for investors who wish to apply for the residency scheme however may not see a profitable return, in real estate, specifically in “lower density” rural areas. The investment fund route was introduced through an amendment in Portuguese Law in August 28th, 2017.

This route might not be the answer for all citizens, however for HNWIs, especially if experienced and knowledgeable investors, this application process could prove to be an interesting business venture. Alongside applicants needing to have experience in fund investments, there is also the need to supply proof and sufficient funds. Which until the end of 2021 requires a minimum investment of only €350,000, increasing to €500,000 in January 1, 2022.

The fund investment route sees great advantages. It presents low investment, security, tax-efficiency, portfolio diversification and more importantly, low fees and taxes, seeing as these do not require payment of Transfer Tax, Stamp Duty or Notary Costs, only applicable to real estate purchases.

Nonetheless the exit period is at a minimum of 5/6 years, depending on the fund you choose to work with, as well as perhaps, some lack of control on allocation of funds, performance and management fees.

MARKET UPDATE 2022 | 06

A Blissful Retirement According to the Portuguese Chamber of Commerce approximately 46,300 British nationals live in Portugal and take advantage of the year-round sunshine, lifestyle enhancing amenities, blissful azure like waters, safety and political stability.

Throughout the past 10 years a diverse array of nationalities have chosen the sweet paradise of Portugal, especially the Algarve, as the place to spend their golden years. French, German, Dutch, Belgian and Polish, follow the British citizens who have chosen to move to Portugal and also make the most of the International Accords.

In essence, Portugal and the Algarve are a brilliant option for a healthy, active retirement in the sunshine. With an extensive and active expats community, made of retirees and professionals, the Algarve has become a lively multicultural address. It is no wonder that worldwide known celebrities and various sports stars have chosen to call the Algarve a home.

The Algarve offers property prices for all types of budgets. Experts have estimated that an affordable monthly living cost, between €1,200 and €1,500, can provide a comfortable style of living in the Algarve. If you are looking for a slower pace to your life, this could be the move for you.

07 | MARKET UPDATE 2022

THE GOLDEN TRIANGLE The Golden Triangle houses the luxury resorts of Quinta do Lago and Vale do Lobo, together with the surrounding areas of Vilamoura and Almancil. This is a great area to find delicious restaurants, buzzing bars, an active population and easy access to any beach.

The Quinta do Lago and Vale do Lobo resorts are the priciest of choice, however these locations offer the most luxurious properties and facilities, perhaps in the whole of Portugal.

Vilamoura can be called affordable luxury, offering impeccable facilities with tennis, spas, water sports, golf and the infamous marina. Almancil is a great alternative if you have a shorter budget, are looking for something slightly inland, but still in reasonable driving distance to all the amazing local amenities.

WEST & EAST ALGARVE Western and Eastern Algarve are ideal zones for those looking for a cheaper yet just as idyllic lifestyle. These are fantastic areas for expats who enjoy slightly unexplored inland and coastal living. For those who appreciate long hikes in nature, surfing, sailing and golfing, coupled with warm winter days, these are fantastic areas.

Going West towards Sagres and Lagos, currently apartments can be found starting at €400,000 and villas at €750,000. Filled with a natural beauty, traditional algarve living, made of rugged cliffs, numerous small parks and beautiful deserted beaches.

Further East towards Olhão and Tavira, property prices are similar and an extremely popular option with expats.

Following the Ria Formosa for more than 60km of coastline, the fishing and port villages are filled with history of fortresses and castles.

MARKET UPDATE 2022 | 08

03 E U R O P E AN I N T E R N AT I O N A L ACCORDS

13 | EUROPEAN INTERNATIONAL ACCORDS

The Golden Visa Scheme Offering a fast and simple way for non-EU citizens to enjoy the many benefits of living and working in Portugal.

In 2012, the Golden Residence Permit, otherwise known as the Golden Visa was devised to attract money into the country by granting residency, in exchange for a variety of approved investments.

Investing in real estate in Portugal is a popular choice among Golden Visa applicants. This is partly because property prices in Portugal are lower that in many other European countries – providing investors with a greater opportunity for capital growth. In addition, the minimum investment required is set at a very affordable level.

Following amendments to the Portuguese 2021 State Budget, the Golden Visa scheme notes changes as of January 1st 2022, particularly for citizens looking to invest via a real estate acquisition. This amendment to the visa scheme has been introduced so as to “boost” investment in cities within the interior of Portugal, which in the Algarve does not include the most sought after touristic parishes.

Please Note: The tax rates, scope and rules may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; individuals should take personalised advice.

15 | EUROPEAN INTERNATIONAL ACCORDS

Beneficiaries of the Golden Visa are entitled to: - A residence Visa waiver for entry in Portugal; - The possibility to live and work in Portugal, conditioned to staying in Portugal for 7 or more days in the first year, and 14 or more days in subsequent years; - Visa exemption for travelling within the Schengen Area; - Family residency; - Future possibility to later apply for Portuguese Citizenship and/or Permanent Residence.

APPLICATION ELIGIBILITY All citizens outside the Schengen Area with intent of conducting an investment activity, as an independent entrepreneur or through a company setup in Portugal, or in another EU Member State, may apply by one of the following routes:

Capital Investments

Property Investments

Job Creation

- Transfer of funds of more than €1,000,000 - Transfer of funds of more than €350,000 for scientific research activities - Transfer of funds above €250,000 for artistic or cultural activities - Transfer of funds above €500,000 for capitalisation of small or medium sized companies

- Acquisition of property worth over €500,000, within designated “lower density” areas - Acquisition of property worth over €350,000, if property is more than 30 years old or located in areas of urban renovation

- Creation of at least 10 jobs

EUROPEAN INTERNATIONAL ACCORDS | 16

The Non-Habitual Residency Scheme Offering a fast and simple way for non-EU citizens to enjoy the many benefits of living and working in Portugal.

Since its introduction, in 2009, many people moving to Portugal from other countries have been able to enjoy a 10 year long highly advantageous tax arrangement, under the Non-Habitual Residency Scheme.

A Non-Habitual Resident can benefit from a flat 20% income tax rate, if/when employed in Portugal, instead of the hefty 45%+. Nonetheless, an individual’s professional qualifications must fall within the specifications of the regime, further explained in the Portuguese Authorities Portal online.

If eligible for the NHR scheme, most of an individual’s income from a foreign source is tax exempt in Portugal for 10 consecutive years. This means that expatriates can maximize any rental income outside of Portugal, capital gains on foreign real estate, interest and dividends.

Please Note: The tax rates, scope and rules may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; individuals should take personalised advice.

17 | EUROPEAN INTERNATIONAL ACCORD

TAX ON FOREIGN PENSION Until April 1st 2020, the scheme allowed for income from foreign pensions to be received tax-free in Portugal.

Nonetheless the 2020 Portuguese Governmental Budget, introduced a new flat 10% tax rate on foreign pension income. All individuals that applied for the scheme prior to the 1st of April 2020, are still eligible for tax exemption on pension income.

Exceptions are applied to all foreign pension income on individuals who performed service professions, including local authority, army, police, teaching, fire service and national health service.

Benefits of the Non-Habitual Residency Scheme: - All Portuguese employment income, considered as qualified within the scheme is taxed at a flat rate of 20%; - Almost all foreignly sourced income is tax exempt; - Inheritance or gift tax are tax exempt on possessions outside of Portugal, given that these are transferred to spouse, descendants or ascendants. If transferred to other individuals these are taxed at a flat rate of 10%; - Exemption from wealth tax, in Portugal or abroad as well as any tax on funds settlement; - Dependant on the Double Taxation Treaties signed between Portugal and the respective country, owning a Portuguese company means the possibility to take advantage of EU rules and directives on mergers, dividends, interest and royalties; - If an individual is interested in foreign investment, when owning a Portuguese company these can benefit from the participation exemption regime on dividend or capital gains obtained.

If an individual has not been a resident in Portugal in the previous 5 consecutive years, all nationalities (including non-EU/EEA citizens), can apply for the NHR scheme.

For eligibility an individual must meet the Portuguese Residency rules, alongside spending 182 days a year or having a main home in Portugal.

EUROPEAN INTERNATIONAL ACCORDS | 18

04 YO U R C U S T O M I Z E D BUYING PLAN

YOUR CUSTOMIZED BUYING PLAN | 20

What To Expect: Taxes on Purchase Which taxes do I have to take into account prior to buying a property in Portugal?

IMT (PROPERTY TRANSACTION TAX) Upon a financial transaction concluded regarding the purchase or sale of a property, IMT must be payed by the future property owner. IMT is a municipal real estate transaction tax, which occurs when there is an alteration to the property ownership. This tax varies according to the type (country or urban), location (mainland or autonomous) and purpose of the property (permanent or second home).

To calculate the IMT, the below formula can be used; applying both the relevant rate and portion to be deducted, that can be both consulted below, or on the Portuguese Tax Office Portal.

IMT = Deed Property Value * Tax Rate * Tax Deductions 21 | YOUR CUSTOMIZED BUYING PLAN

TAX RATES 2021 Primary & Permanent Residence DEED PROPERTY VALUE

TAX RATE

up to €92,407.00

DEDUCTED AMOUNT

exempt

€0.00

from €92,407.00 to €126,403.00

2%

€1,848.14

from €126,403.00 to €172,348.00

5%

€5,640.23

from €172,348.00 to €287,213.00

7%

€9,087.22

from €287,213.00 to €574,323.00

8%

€11,959.26

from €574,323.00 to €1,000,000.00

Flat 6%

---

upwards of €1,000,000.00

Flat 7.5%

---

Secondary Residence & Renting DEED PROPERTY VALUE

TAX RATE

DEDUCTED AMOUNT

up to €92,407.00

1%

€0.00

from €92,407.00 to €126,403.00

2%

€924.07

from €126,403.00 até €172,348.00

5%

€4,716.22

from €172,348.00 até €287,213.00

7%

€8,163.09

from €287,213.00 até €550,836.00

8%

€11,035.30

from €550,836.00 to €1,000,000.00

Flat 6%

---

upwards of €1,000,000.00

Flat 7.5%

---

STAMP DUTY, NOTARY & REGISTRATION Stamp duty in Portugal is currently at a fixed rate of 0.8% on the agreed sales value. In regards to notary and registration fees, these can vary dependant on your preference, however should amount between €1,000 to €2,000. These values are to be payed by the purchaser prior to signing the notary deed and registration of transition into the new buyer’s name.

YOUR CUSTOMIZED BUYING PLAN | 22

What To Expect: Taxes after Purchase Which taxes do I have to take into account after buying a property in Portugal?

IMI (MUNICIPAL PROPERTY TAX) The Municipal Property Tax is an Annual fee apprised and updated by each municipality, dependant on property location. Urban properties are levied at a rate between 0.3% and 0.5%, whilst rustic properties have a rate of 0.8%. The appraisal value is registered by the Portuguese Tax Authorities and the overall total property tax value payments are done in instalments.

23 | YOUR CUSTOMIZED BUYING PLAN

AIMI (ADDITIONAL MUNICIPAL TAX) The Additional to Municipality Property Tax, was created in 2017, which compliments the current yearly property tax, but is indeed different to the IMI, which is to be payed separately, in a single instalment usually in September. AIMI is levied on the combined total value of the rateable value of properties, which is applicable on all urban residential property or land destined for construction. In regards to corporately owned properties a flat rate of 0.4% is applied, whereas for privately owned properties there are 3 different classifications of AIMI: PRIVATELY OWNED PROPERTY VALUE

AIMI TAX

up to €600,000

N/A

between €600,000 and €1,000,000

0.7%

between €1,000,000 and €2,000,000

1.0%

above €2,000,000

1.5%

CGT (CAPITAL GAINS TAX) On the sale of property, in Portugal, there is Capital Gains Tax (CGT) to be payed at a rate of 28% for non fiscal residents and 25% on non-resident companies. Residents are taxed 50% CGT, which is then included in the individual’s annual income tax return. If the funds are reinvested for a permanent residence, within 3 years of the date of sale, anywhere in the EU/EEA area, CGT will not apply. To calculate your taxable gain, either formula below can be used: A ) CGT = Value of Sale - (Acquisition Costs * Devaluation Coefficient) - Costs Incurred During Transfer of Ownership (IMT) - *Property Improvement Costs *(property improvements that have been incurred within 12 years prior to sale)

B ) CGT = 1st Allocated Rateable Value by Tax Office * Devaluation Coefficient

INHERITANCE TAX Between close relatives there is no inheritance tax in Portugal, i.e. parents/ children and spouses although on gifts, 0.8% stamp duty is calculated based on the Property’s Rateable Value. Any other situations of inheritance or gift will be subject to stamp duty at a rate of 10.8% of the Property’s Rateable Value.

YOUR CUSTOMIZED BUYING PLAN | 24

The Buying Process Property Visits & Negotiation Process ONE Select Properties team will always work with you in order to find the property that matches all your requests. Once the right property is found, your representing agent will act as a mediator in the negotiation process. After a mutual value is agreed, a proposal is outlined by the vendor’s representative.

As price and timing is agreed upon, both parties will usually appoint a local lawyer and formal property documentation will be sent to the buyer, in order for the representing lawyer to perform due diligence and prepare the buying contract.

PRIVATE OWNERSHIP 1. Signing of Promissory Contract When looking to purchase property in Portugal the buyer will have to acquire a Portuguese Tax Number, which can be done with the aid of the appointed lawyer. Once drafting and agreeing upon the terms and conditions of the buying contract, the promissory contract can be signed. This is signed by the buyer and the vendor, or their representatives, which is also normally accompanied by a 10% deposit based on the total purchase value agreed. At this stage a deadline is usually set for the signing date of the final deed. If either party defaults in the completion of the final deed, a compensation is then in place with this deposit.

2. Signing of Final Deed (Escritura) Before signing the final deed, which usually takes place in a public notary, the buyer must pay IMT (Property Transfer Tax).

Both parties can either be present or give power of attorney to their legal representative. Upon signature of the final deed the buyer will pay the remaining property purchase balance, alongside notary and registration fees.

3. Property Ownership Officiation With the purchase and deed complete, the representing lawyer will help the buyer complete their registry in the Land Registry, as well as changing all utility bills to the new owner’s name.

25 | YOUR CUSTOMIZED BUYING PLAN

UNIQUE 6 BED VILLA WITH MARVELLOUS FEATURES REF. 2280 - QUINTA DO LAGO

CORPORATE OWNERSHIP 1. Structure Due Diligence When the required documentation is shared, your appointed representative lawyer will preform the essential due diligence, on both the history and the legal procedures of the structure in question. This will allow for the buyer and the lawyer to understand the exact status of the company to be acquired, in regards to matters like, maintenance fees practiced, ongoing costs, warranties, company legal representation as well as present procedures followed.

2. Signing of Share Purchase Agreement Much like signing a promissory contract, when dealing with the purchase process of a corporately owned property, a Share Purchase Agreement is drafted and agreed upon by both parties. Once a consensus is reached, both in regards to the property value and the terms and conditions of the agreement, a 10% deposit is transferred from the buyer to the vendor. At this stage a deadline is usually set for the signing date of the final deed. If either party defaults in the completion of the final deed, a compensation is then in place with this deposit.

3. Payment of Remaining Purchase Balance The complete transfer of company ownership, takes place once the remaining purchase balance is payed, and this can either be done under the company’s domicile or under Portuguese jurisdiction. Upon agreement of the final terms and conditions of the Share Purchase Agreement, the remaining balance can either be transferred to the buyer’s lawyer’s account or via any other agreed form of payment to the vendor.

4. Company Ownership Officiation To complete the new company proprietorship, the appointed company management team will transfer the shares of the ownership to the new UBO (Ultimate Beneficial Owner). Any other remaining tasks will be organised by the management company.

YOUR CUSTOMIZED BUYING PLAN | 26

DOURO

Breathtaking settings. Historic vineyards and centennial olive groves seduced and turned our family into the latest curator of two remarkable pieces of land in the Douro Valley: Quinta de Ceis in the Cima Côrgo sub-region and Quinta de Vale do Fojo in the Douro Superior sub-region, both in UNESCO World Heritage Sites, in Portugal.

5085-242 Gouvães do Douro, Sabrosa | Portugal +351 226 178 157 | geral@quintadeceis.com | www.quintadeceis.com

Limited Editions. Old Vines. Numbered Bottles.

05 THE BEST PLACE O N E AR T H

THE BEST PLACE ON EARTH | 30

Luxury Golfing Playing golf in the Algarve is a unique experience, coupled with a breathtaking coastline filled with hues of blue, orange and green. Knowing when to play golf in the Algarve and discovering the best golf courses in the Algarve is close to every golfer’s dream whether they be professional or amateur.

Quinta do Lago Golf Made up of 5 Championship awarded golf course, Quinta do Lago offers the utmost golfing luxury in the Algarve.

Within the Quinta do Lago Resort, golfers can enjoy 5 luxury golf courses; Quinta do Lago North Golf Course and South Golf Course, San Lorenzo Golf Course, Pinheiros Altos Golf Course as well as the Laranjal Golf Course.

Rates to play in Quinta do Lago Golf Courses range from €61 to €130 per player, per round.

Vale do Lobo Golf The Vale do Lobo Resort offers 2 legendary and beautiful 18-hole golf courses. A once in a lifetime experience of playing on the beach cliffs overlooking the endless Atlantic Ocean.

Golf players who visit this resort can enjoy and make the most of challenging courses, like the Ocean Golf Course and the Royal Golf Course. Rates to play in Vale do Lobo Golf Course range from €70 to €90 per player, per round.

31 | THE BEST PLACE ON EARTH

Vilamoura Golf Vilamoura is one of Europe’s largest tourist complexes, covering around 2,000 hectares of land. The Vilamoura Resort offers a dream and expansive sandy beach, a luxury marina, tennis courts and a sports club, 5 and 4 starhotels, nightclubs, casinos and various bars and restaurants.

There are 6 wonderful golf courses surrounding the Vilamoura complex; The Portugal Masters Championship Victoria Golf Course, the Millennium Golf Course, the Old Course, the Pinhal Golf Course, the Laguna Golf Course and attached you will find the 27-hole Vila Sol Golf Course. Rates to play in Vilamoura Golf Courses range from €80 to €130 per player, per round.

In the Albufeira area we can find the ‘links’ style Salgados Golf Course and the Palmares Golf Course, as well as the Pine Cliffs Golf Course, the Balaia Golf Course and the Amendoeira Golf Course. Further down the coast in Castro Marim we can find the luxury Monte Rei Golf Course.

When to Play Golf in the Algarve The months of March until May boast a wonderful fresh breeze throughout, taking advantage of Easter Packages with discounted golf rates. During the months of September to November, again golf players can make the most of the weather as well lower green fee rates in the colder months.

Algarve Golf Tee Times & Golf Club Hire As with anything, booking your tee times and club hire in advance is an absolute must in order to make the most of your golfing experience in the Algarve. All the courses in the Algarve offer a wide selection of men and women’s golf clubs. To insure your play time, make sure to contact the clubhouses in advance.

THE BEST PLACE ON EARTH | 32

Divine Coastlines Beaches in the Algarve offer all kinds of holiday scenes, whether it be ostentatious rock formations, or building-high cliffs, exotic white sands in desert islands, beach coves only accessible by boat or even simple long stretches of sand where you can run as you wish and breathe in that special sea breeze.

EASTERN ALGARVE Cabanas Island near Tavira This uniqueness is home to a remarkable blend of fresh and salt water wildlife, from fauna to flora. The perfect exploration ground for all nature lovers. Although perhaps challenging to reach, the Cabanas Island near Tavira, there are Water Taxis in the village that make this trip fun and different. Otherwise, wait for those low tides and take an adventurous walk across the river.

Praia do Farol near Faro Home to a historic lighthouse built in 1851, this beach is known to locals as Ilha do Farol. It is a beach that is extremely popular with inhabitants of Faro and Olhão, who many times take the first ferry out and come back on the last ferry to make the most of the day. Just like the Armona Island, this beach is a marvellous way to really understand and enjoy the culture of the true Algarve.

33 | THE BEST PLACE ON EARTH

CENTRAL ALGARVE Ancão Beach near Loulé Located between Quinta do Lago and Vale do Lobo, the Ancão Beach enjoy an extensive sandy beach perfect for daily walks with the dog or jogging. With an accessible and close parking lot, this stretch of dunes also boasts a wooden path starting at the entrance of Faro Beach, all the way to Julia’s Beach. Another serene and extremely safe beach for the whole family.

Vale de Centeanas Beach near Carvoeiro There is a path that has been built all the way on top of the beach, overlooking the fabulous never-ending ocean, and you can simply glide through the various beaches and observe almost from a birds eye view. The beach itself is quite small, so it’s always best to arrive early and enjoy that refreshing morning breeze on the sand. You can also enjoy the sun-beds to hire, or even the restaurants and bars around.

WESTERN ALGARVE Praia de Odeceixe in Alzejur It’s an absolutely marvellous place filled with silence and peace. The uniqueness of this place is how as tide lowers we are welcomed to a river style island/beach, offering the most amazing of experiences with nature.

Monte Clérigo Beach in Alzejur As part of the Vicentine Coast Monte Clérigo Beach is the perfect mix of a relaxed family afternoon, with an adventures surfing morning. The fauna and flora that embellish this beach are worth the visit and deserve our absolute attention.

THE BEST PLACE ON EARTH | 34

06 Q U I N TA D O L A G O PROPERTIES An exclusive resort in the Algarve with stunning natural beauty, perfect for the purchase of your luxury property.

If you are looking for the finest sandy beaches, championship golf courses and other first-class sporting activities you will fall in love with Quinta do Lago.

Set among awe-inspiring pine forests in the Ria Formosa Natural Park, Quinta do Lago is one of the jewels of the Algarve and one of the most exclusive resorts in Europe.

QUINTA DO LAGO | 40

EXCLUSIVE WITH ONE

A

Villa San Lorenzo A breathtaking classical grand villa with prime location, views, and incredible features for the most luxurious of lifestyles.

2123

3150

1150

6

6

2015

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

BUILT YEAR

2

2

As you approach this marvellous villa, you are welcomed into a sweeping driveway with a sculptured stone fountain and a cobbled stone pathway surrounded by beautifully landscaped flowerbeds.

Entering through the double doors, one becomes immediately aware of the luxurious details that have been thoughtfully chosen for this villa: the natural hand-picked marble tiles throughout the floor, the impressive reception room with its unique Murano glass chandelier and the feature walls with Italian-brand Bisazza tiles.

41 | QUINTA DO LAGO - Residential

•

Air Conditioning - Ducted

•

Gym

•

Landscaped Garden

•

Electric Shutters

•

Underfloor Heating

•

Garden with Automatic Irrigation

•

Basement

•

Natural Stone Floors

•

Terrace

•

Cinema Room

•

Sound System

•

Alarm System

•

Cloakroom

•

BBQ

•

Borehole

•

Double Glazed Windows

•

Infinity Pool

•

Double Garage

•

Fireplace

•

Pool Heating

•

Furniture Partly Included

Residential - QUINTA DO LAGO | 42

Villa Starlight Some properties deserve to be marketed discreetly, we select these exclusive homes for the ideal potential buyer before disclosing further details.

2341

1700

491

4

4

2010

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

BUILT YEAR

2

2

OFF-BOOK LISTING

A

43 | QUINTA DO LAGO - Residential

With 4 generous double bedrooms each with en suite bathrooms with the latest designs, boasting “rain forest” showers and Villeroy & Boch bathroom accessories. The fitted wardrobes are designed to cleverly partition the bedroom from the dressing areas.

All common areas are very spacious and the open plan Italian kitchen includes an unusual curved counter opening to a sophisticated covered terrace, heated swimming pool and manicured garden.

•

Air Conditioning - Split Units

•

Fireplace

•

Electric Gates

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Air Conditioning - Ducted

•

Gym

•

Pool

•

Electric Shutters

•

Underfloor Heating

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Pool Heating

•

Basement

•

Laundry

•

Alarm System

•

Ceramic Floor Tiles

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Open Plan Living Area

•

Garage

•

Cloakroom

•

BBQ

•

Furniture Included

•

Double Glazed Windows

•

Carport

Residential - QUINTA DO LAGO | 44

B

Villa Amalfi A contemporary prestigiously located villa, with exceptional golf views and a central location.

2289

1875

901

6

6

2007

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

BUILT YEAR

2

2

45 | QUINTA DO LAGO - Residential

This elegant contemporary villa benefits from a privileged position within Quinta do Lago, right on the 8th fairway of the North Course and in walking distance to many facilities of the development.

The double volume entrance hall sets the tone for this impressive, light flooded property and leads to the enormous living and dining areas with high ceilings. Furthermore there is a fully fitted modern kitchen, which accesses the pool terrace with spacious outdoor dining areas and plenty of sunshine throughout the day.

There are 2 generous suites on this floor with direct access to the terraces. On the first floor you will find 2 large suites, both with private terraces and delightful views of the golf course.

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Air Conditioning - Ducted

•

Laundry

•

Pool Heating

•

Basement

•

Lift

•

Garden with Automatic Irrigation

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Cinema Room

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Natural Stone Floors

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Terrace

•

Cloakroom

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Office/Study

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Alarm System

•

Double Glazed Windows

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Wine Cellar

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Central Location

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Gym

•

BBQ

•

Double Garage

•

Heating

•

Electric Gates

•

Furniture Included

Residential - QUINTA DO LAGO | 46

D

Villa Liana From the living room with an open fireplace, kitchen and dining room, the view is just stunning.

2040

2610

889

5

5

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

2

2

This is a home for a large family. Comprised of 5 bedrooms, 2 with en suite bathrooms and 2 others with a shared bathroom. One other is on the ground floor being used at present as an office/study.

Terracotta flooring combines with the soft architectural motifs to give a generously traditional space and a cosy feel. Central ducted air conditioning has been fitted throughout as well as heated swimming pool, to ensure your time spent here is a comfortable one, whatever the season.

47 | QUINTA DO LAGO - Residential

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Air Conditioning - Ducted

•

BBQ

•

Borehole

•

Fireplace

•

Pool

•

Central Location

•

Heating

•

Pool Heating

•

Garage

•

Terracotta Floors

•

Landscaped Garden

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Furniture Negotiable

•

Open Plan Living Area

•

Terrace

•

Sauna

•

Alarm System

Residential - QUINTA DO LAGO | 48

07 PROPERTIES IN SURROUNDING AREAS The exclusive Vale do Lobo resort is situated among lush pine forests that lead down to a sparkling blue sea. From its visionary inception in 1962 to its present-day status as a golfing paradise, Vale do Lobo has maintained its position as one of the most sought-after luxury resorts in southern Europe.

If you are looking for a taste of Algarve luxury, Vilamoura is one of the finest resorts in southern Portugal. The upmarket holiday destination boasts pristine beaches, celebrated golf courses, outstanding restaurants, superb shopping, glamorous night-life and glorious weather. No wonder it is a preferred choice for those seeking a stylish and sophisticated holiday in the Algarve sun.

SURROUNDING AREAS | 58

Townhouse Mar With breathtaking views of the Atlantic Ocean, this property enjoys a unique location, on the 1st line of Vale do Lobo’s waterfront.

2343

300

130

3

2

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

2

65 | SURROUNDING AREAS

2

Surrounded by a lovely private garden, the property comprises of a bright open plan living dining area with a fire place, a fully fitted kitchen, a storage and laundry under the stairs, and 3 bedrooms, one en suite and the other 2 share a bathroom.

There are various terraces to soak up the sun and admire the views, including and sunny outdoor area for meals and sunset drinks. There are various terraces to soak up the sun and admire the views, including and sunny outdoor area for meals and sunset drinks.

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Air Conditioning - Split Units

•

Terracotta Floors

•

Terrace

•

Aluminium Shutters

•

Open Plan Living Area

•

Central Location

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Ceramic Floor Tiles

•

Condominium Pool

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Furniture Included

•

Fireplace

•

Landscaped Garden

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Refurbished

•

Laundry

•

Roof Terrace

•

Walking Distance to Beach

SURROUNDING AREAS | 66

C

Villa Apra With a stunning location in a natural country landscaped, only a short drive from the market town of Loulé.

2336

9849

390

4

4

2008

REFERENCE

M PLOT

M BUILT

BEDROOMS

BATHROOMS

BUILT YEAR

2

71 | SURROUNDING AREAS

2

With 4 bedrooms, all with en-suite with fitted wardrobes and traditional terracotta floors, the bedrooms are split in the two levels of this villa. The entrance hall invites to the exterior with a large window, with a very spacious kitchen and dining room and a bright sitting room with an open fireplace.

Unusually and charming architectural design, sitting room windows open into the walls providing a complete simbioses between interior and exterior.

Set in a very large elevated plot, the views are outstanding to the sea, the coast and the countryside. There are plenty of covered terraces with mature bougainvillaea plants and fresh water dribbling in the entrance fountain.

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Air Conditioning - Ducted

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Terracotta Floors

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Landscaped Garden

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Wooden Shutters

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BBQ

•

Garden with Automatic Irrigation

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Basement

•

Carport

•

Terrace

•

Cloakroom

•

Electric Gates

•

Fire Pit

•

Double Glazed Windows

•

Cisterna

•

Alarm System

•

Fireplace

•

Pool Heating

•

Borehole

•

Heating

•

Pool Cover

•

Furniture Included

SURROUNDING AREAS | 72

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