Sardo Luxury Real Estate Magazine - Issue 1

Regus Building, Buganvilia Plaza, Estrada da Quinta do Lago 1, 8135-024 Almancil

Telephone +351 919 101 040

Email enquiries@sardorealestate.com

Website www.sardorealestate.com

Mario had the ability to clearly understand my requirements and provided valuable guidance during our journey into buying a home in Quinta do Lago. He is a great communicator and was regularly in contact throughout the buying process. He has an excellent network of trusted partners and was able to introduce me to a property surveyor, lawyer and interior designer. This removed the stress of buying a home abroad and I truly felt I was in safe hands. I would recommend Mario Sardo without hesitation.

Carolyn McCall - CEO

- ITV

&HELLO WELCOME

Welcome to the inaugural edition of Sardo Luxury Real Estate magazine!

A heartfelt thank you to our valued clients and partners for their unwavering support of our mission to serve and inspire our buyers by sourcing and brokering their dream properties through the power of a trusted network and two decades of market knowledge and local expertise.

We’re thrilled to embark on this journey of showcasing the exquisite lifestyle, premium resorts and coastal locations, and the stunning landscapes of Vale do Lobo, Quinta do Lago and the Ria Formosa natural park.

Immerse yourself in a wealth of content designed to support your holiday and lifestyle needs. Delve into expert reviews, insightful comparisons and comprehensive guides spanning a variety of categories from interior design and art to home technology and the latest Bentley Bentayga “S” model, we also step into Portugal’s award-winning residential villa in Quinta do Lago, and so much more.

So, whether you’re seeking guidance and knowledge on buying a property, trending restaurants and beach bars, the latest art exhibitions, or an open chat with TV celebrity Carol Smillie and her husband, Alex Knight, sharing their personal home journey in Portugal, this edition will add value to your knowledge and appreciation of life in The Algarve.

Explore our pages and embark on a journey to discover why the lifestyle on offer is being sought after by holiday makers and property buyers from around the world.

Once again, thank you for choosing Sardo Luxury Real Estate’s magazine, where dreams of a home in Southern Portugal come to life.

With Love & Respect,

Mario Sardo

Founder – Sardo Luxury Real Estate

36 Villatura

In the heart of Quinta do Lago, amidst the splendour of the Algarve, stands Villatura.

52 For the Journey Charlize Theron introduces two new sizes of Breitling's iconic Navitimer watch.

58 Timeless Living Outdoor living from Dunas Living, design store and showroom in the Algarve.

30 At Home with Carol Smillie & Alex Knight

TV celebrity Carol Smillie and her husband, Alex Knight, share their personal home journey in Portugal.

80 A Gastronomic Journey

Indulge in the culinary treasures that the enchanting Golden Triangle has to offer.

88 The Perfect Drive

The launch of the Bentley Bentayga 'S' model, the latest version of Bentley’s go-anywhere luxury SUV.

10 Why use a Buying Agent

How our services add value.

14 Market Report

A market review of the past year and a look ahead to the future.

22 Market Headlines

Recent news from the local area.

24 Location, Location, Location

Quinta do Lago, Vale do Lobo & Pinheiros Altos: A blend of luxury living, nature and world-class amenities.

46 The Buying Process

A guide to buying property in Portugal.

50 Property Taxation in Portugal

Taxes on privately owned property and taxes on corporate ownership.

64 Alluring Algarve

The joys of exploring the Algarve.

74 Grand Designs

Located in Almancil, Sofia Sardo by Design is a full-service interior design agency

94 The Ria Formosa

Must-see incredible wildlife and natural surroundings

98 Tee Time

In the heart of the region lies a trio of golfing havens that epitomize the pinnacle of excellence in golf.

106 Olá Lisboa!

Get away to Lisbon, a weekend escape!

WHY USE A BUYING AGENT

ardo Luxury Real Estate was created on the foundation of serving the more discerning client based on a set of values which reflects my personal deepest priorities. Values such as love and respect, service, inspiration and quality. Living by these principles and remaining faithful to our mission has enabled us to influence the marketplace and challenge the conventional norms in luxury real estate.

In 2020 and 2021 the Covid-19 pandemic disrupted the global real estate market, leading to a rapid change in how the industry operates. As a result of this market transformation, Sardo Luxury Real Estate has been firmly positioned as the leading buying agency within luxury real estate.

Estate agents are contracted to work only for the seller, Sardo Luxury Real Estate act only for buyers therefore eliminating any conflict of interest. It has become an essential part of the buying process ensuring our clients have access to the entire market, are correctly advised and can secure their dream property at the best price whilst saving time and eliminating the challenges associated with buying a property in Portugal.

For more than 20 years, I have dedicated my career to specialising in the premium resorts of Quinta do Lago, Pinheiros Altos, Vale do Lobo and neighbouring areas. This has given me the opportunity to represent some of Europe’s leading CEO’s, entrepreneurs, professional sports people and media celebrities with their real estate purchases.

Mario assisted us in the acquisition of our property in Quinta do Lago. Mario was at all times extremely helpful, and guided us through the sale process - very important for foreign buyers who may not be familiar with Portuguese property law or customs. His responsiveness and understanding of the brief simplified the sales process for us. We would not hesitate to recommend Mario's services to any prospective buyer of property in the Quinta do Lago/Vale do Lobo area.

Denis McCarthy - Chairman - FEXCO, Ireland

HOW OUR SERVICES ADD VALUE

ACTING ONLY FOR BUYERS

SAVING YOU MONEY

360º MARKET VIEW

OFF MARKET PROPERTY

SAVING TIME

EXCLUSIVE NETWORK

FREE SERVICE

PRIVACY

Estate agents are contracted and work only for the seller, we act only for the buyer. We are not an estate agency and we don’t list properties for sale. We therefore avoid any conflict of interest.

We are expert negotiators. Once a property has been identified, we manage the negotiation on your behalf applying the latest data and insights to achieve the best price on your investment.

Our objective is to provide a view of the entire market by sourcing the most suitable properties both on and off the market. Being fully independent gives us access to the entire market, saving you time and stress, while increasing the probability of finding your dream property.

Accessing the increasing number of discreet sales that never make it to the open market. In recent years, 30% of all transactions have been off market. Over the past 2 decades, we have built an impressive black book of contacts of owners, developers and potential sellers.

Successfully acquiring the finest luxury property takes time and dedicated resources – it’s a full time job. We apply our in-depth knowledge to immediately identify suitable locations and properties. We filter the options, agree on a shortlist and organize the viewings on your behalf accompanying your every step of the way.

We leverage our local knowledge and experience to partner with an exclusive network of leading law firms, tax advisors, property surveyors, builders, architects and interior designers. Purchasing a property abroad should be an enjoyable process and we ensure everything is taken care of providing you with peace of mind.

In most cases, our service not only covers it’s own costs but also demonstrates its financial benefit through prudent negotiations resulting in reduced purchase prices, the best terms and conditions and preventing costly mistakes.

We conduct discreet representation on your behalf, safeguarding your identity throughout negotiations and transactions. Our commitment extends to ensuring that your personal information remains confidential, avoiding any unwarranted attention and publicity.

OUR PROCESS

At Sardo Luxury Real Estate we take time to carefully listen ensuring we fully understand your specific property requirement, preferred locations, and the lifestyle you are seeking.

Our effective 5 step process has been fine tuned to help us to source properties in line with your brief, saving you time and negotiating the best terms and conditions.

We are committed to supporting you every step of the way to ensure a seamless and enjoyable process all the way through to completion.

DETAILED BRIEF

At the core of our process lies the crucial stage of the brief. Here, we discuss your requirements and objectives, capturing the key factors driving your vision, be it a dream home or an investment.

We personally take the time to thoroughly understand your vision, providing guidance and offering expert advice on optimal locations based on your criteria. Whether you possess a clear vision or are still shaping your preferences, we focus on bringing your aspirations to fruition.

PROPERTY SEARCH

Once we have clearly defined your brief, we commence on an extensive market search in your preferred location. This entails collaborating with local real estate agencies and our network of property owners and developers to identify the most suitable properties, whether on or off the market. Typically, our comprehensive property search is completed within a period of 10 to 15 days.

We will then mutually establish a shortlist of your preferred properties based on the search results. Taking care of all arrangements, we will organise a viewing schedule and personally accompany you, ensuring a thorough evaluation of each property.

PROPERTY VIEWINGS

Our meticulous market screening enables us to curate a shortlist of the finest properties available. After these viewings, our clients often find themselves ready to make an offer, benefiting from the time-saving aspect of our process.

Property viewings are scheduled to align with your availability, and we accompany you throughout the process, ensuring your undivided attention, without any sales pressure from real estate agents.

OFFER & NEGOTIATION

When you are ready to make an offer on a property, we step into the negotiation process, leveraging our years of experience, market knowledge, data and insights to excel in this domain.

Together, we will establish the most effective negotiating strategy tailored to your objectives. While the seller and real estate agents aim to achieve a high sale price, our role is to secure your desired property at the best price, terms and conditions.

COMPLETION OF PURCHASE

Upon acceptance of the offer, we seamlessly collaborate with your lawyer, surveyor, mortgage broker, tax advisor and other relevant parties to finalise the purchase.

Acting as your dedicated point of contact, we streamline communication with all relevant parties involved in the process, meticulously overseeing the due diligence and contract process, ensuring a secure and professional completion of the transaction.

MARKET REPORT BY MARIO SARDO

As I sit down to write this annual market report, I have been reflecting on the incredible journey that has defined Sardo Luxury Real Estate so far. I am grateful for all the experiences we have shared over the past two decades and how fortunate we are to be living in this beautiful country that has enriched our lives.

We have pioneered the market with our service and have proven that by placing focus on the buyer we can provide more value, more resources, and a more tailored experience than anywhere else in the Algarve real estate market.

Despite the geopolitical climate, ongoing war in the Ukraine and the Israel Gaza war, high inflation and interest rates, our research indicates steady demand and consistent sales within the Algarve luxury real estate market. We’ve found that while it’s true that 2023 saw fewer transactions than 2020, 2021 and 2022, those years were unpredictable due to the positive impact caused by the Covid pandemic. The reality is, when looking at the performance of 2023 compared to historical averages as far back as 2013, this past year was positive in terms of stabilization and health.

These results are being driven by capital preservation, income generation, but it’s ultimately the lifestyle factor driving buyers purchasing decisions. This highlights the disruption caused by the Covid pandemic and a families need to live a quality lifestyle, close to nature and within a safe environment.

Quinta do Lago, Pinheiros Altos & Vale do Lobo are now well established as leading luxury lifestyle destinations attracting a global audience. Considerable investments have been made to their golf courses, sports facilities, restaurants, and general infrastructure ensuring they are not just somewhere to live, but somewhere to enjoy a long and healthy life with loved ones.

I could not be more excited about the year ahead, the time is now and we look forward to serving our clients and the community for many more years to come.

BUYER PURCHASE MOTIVATIONS

Lifestyle has been the key driving factor as to why foreigners are increasingly drawn to purchasing a property in this area of the Algarve. The area boasts the stunning Ria Formosa nature reserve, Europe’s best beaches, a broad selection of gourmet and seafood restaurants, championship golf courses and sports facilities, and good infrastructures. These world class amenities are all set within a safe and peaceful environment making it an idyllic destination for those seeking a high quality lifestyle.

The cost of living is also affordable compared to most European countries, making it an appealing option for individuals and families looking to relocate or retire. Moreover, The Algarve’s rich culture, history and the charming cities of Loulé, Faro, Silves and Tavira offer a unique blend of old-world charm and modern amenities.

Over the past 10 years, the premium resorts of Vale do Lobo, Quinta do Lago, Pinheiros Altos and neighboring areas have experienced staggering price growth. This growth reflects the demand for luxury properties due to their prime locations and upscale amenities, and underscores the attractiveness of buying a property due to a high quality lifestyle, capital preservation and income generation.

PREMIUM LUXURY RESORTS

BUYER NATIONALITY MIX

Our latest data report indicates an increase in property purchases from global property buyers. This is attributed to the high quality lifestyle offering consistant all year round temperatures, Europe’s best beaches, superb local cuisine, safety and security, political stability and world renowned championship golf courses and sport facilities.

UNITED KINGDOM: 75%

IRELAND: 7%

GERMANY: 4%

THE

FRANCE: 2%

PORTUGAL: 2%

SWEDEN: 2%

US: 1%

OTHER: 4%

BUYER AGE PROFILE

The buyer age profile ranges from mid-30’s to mid60’s with a significant portion falling into the 50’s age range. In fact, the average age of a property buyer in 2023 was 51 years old. This has come down from the pre pandemic age which was tracking at 58 years old. This indicates the demand for families seeking access to quality resort amenities, close to nature and within a safe environment.

3%

PREMIUM LUXURY RESORTS

SUPPLY & DEMAND DYNAMICS

Over the last three years we’ve consistently seen absorption of quality inventory as a huge influential factor on the market, resulting in buyers who were willing to pay premium values for exceptional properties, and sellers who are unlikely to change the perceived value of their property.

This trend was evident by the fact that the previously set record of €18,500,000 for the most expensive residential property to be sold in Portugal was surpassed last year by two sales in Quinta do Lago. Both properties achieved values in excess of €20,000,000 which is a strong indication of where the ultraluxury segment of the market is headed. We believe that this will ultimately result in higher value transactions in 2024 and beyond.

Our research indicates that demand will remain high as real estate is a critical and growing part of high-net-worth individuals’ portfolio. Following the pandemic people want to work, live and invest internationally. This has had a huge impact on the luxury residential and touristic residential market, and we believe this is a pivotal moment for foreigners seeking a quality lifestyle in a safe and stable country like Portugal.

INTEREST RATES

Another important consideration from last year, and which will shape the market over the next year, is macro-economic factors, namely interest rates.

Over the coming months, we expect two potential outcomes: the first being that the European Central Bank will hold interest rates with forecasts suggesting the first cut will have to wait until July despite expectations of a euro zone recession. In this case, which is what we’ve seen last year, €5,000,000+ property owners who purchased their property in the lowinterest rate market of previous years will be less motivated to sell, as their new acquisition to replace the home they sold would likely mean paying higher interest rates. This low interest-rate environment fuelled the tremendous absorption of inventory that has been a consistent theme over the last several years.

PRICE TRENDS

2023 was said to be a year of turmoil for the global luxury real estate market, but we are pleased to report an average price growth of 9.2% on the resorts of Quinta do Lago, Pinheiros Altos & Vale do Lobo, once again proving how resilient these areas are to global market fluctuations and economic uncertainty. Price growth was down in comparison to the three previous years, but markets are cyclical and last year’s results point towards market stabilization and healthy price trends in line with what we have seen prior to the Covid boom.

These premium resorts are located in the Ria Formosa nature reserve which is a protected area highly sought out by tourists from all over the world. It was designated a Natural park in 1987, and is included in the wetlands of worldwide interest. For this reason, there is a very limited supply of land available for purchase which ultimately drives the base cost of the land. The average sales price per m2 varied across these premium resorts and can be viewed in the graph on the right.

AVERAGE LAND VALUES PER M2

€16,000

€14,000

€12,000

€10,000

€8,000

€6,000

€4,000

€2,000

SURROUNDING DEVELOPMENTS

AVERAGE PROPERTY VALUES PER M2

The average villa sales prices per m2 varied across these premium resorts however Quinta do Lago saw the highest average sales prices among the three resorts at €15,000 per m2

This was an increase of 13% on the previous year with Quinta do Lago establishing itself as one of the best performing luxury residential resorts in Southen Europe.

Each premium resort or neighboring development showcased distinct pricing dynamics reflecting their unique offerings and appeal to foreign buyers and investors.

LOOKING AHEAD

In 2024, our projections are that even with market stabilization, the key indicators to watch out for are over valued properties, sitting inventory and the rates of new construction. These factors will be pivotal in gauging the resilience of the market and its sustained growth, reaffirming its status as an alpha market. These trends will not only reflect ongoing demand but will also signify a commitment from foreign buyers to establish the area as their long-term holiday destination or permanent residence.

The anticipated increase in new high quality constructions is poised to elevate the value of these premium resorts, creating a ripple effect that will establish a solid price floor for the overall market. In essence, the increase of these new properties to the market is expected to prevent a return to the transactional rates experienced in recent years, at least for the foreseeable future.

This presents a favorable scenario for property buyers, as we anticipate prices to remain stable throughout the coming year. Furthermore, with the expected decrease in interest rates in Q3 2024, the market is positioned as an opportune time for buyers to seek guidance from Sardo Luxury Real Estate to make informed and strategic investments.

We will experience a change in the real estate market, and our advice is buyers should adopt a more strategic approach over an extended buying cycle, emphasizing thoughtful investment decisions rather than reactionary ones.

Patience in the buying cycle, especially in the €5,000,0000+ segment, signals a healthy market, contrasting 2020, 2021, 2023 and the rush to purchase a property or turn-key property. The rise in premium resort sales to 26% in 2023 (compared to 16% in 2021 and 23% in 2022) reflects buyers' willingness to wait for quality properties in the right location.

Despite these shifts, sellers are not hastily lowering prices, signaling a stabilizing market rather than a slowdown. Overall, the market exhibits thoughtful decision-making and a sustained demand for quality properties on these premium resorts.

At Sardo Luxury Real Estate we are committed to providing our buyers with more value, more resources, and a more personalized experience than anywhere else in luxury real estate.

Mario Sardo

MARKET HEADLINES

Golden Visa Scheme

As of October 2023, the Portuguese Government implemented serious changes to the Golden Visa scheme, marking a significant change in the landscape of residence permits for investment activities. The law explicitly states that "new applications for residence permits for real estate investment activities are not accepted." However, it is essential to note that this cessation does not impede the option to renew existing golden visas. Those who have already received authorisations under the legal framework in place until the effective date of this law can still renew their golden visas. This renewal provision extends to residence permits for family reunification as well.

Under the current Golden Visa scheme, there are relatively affordable investment options to choose from ranging from cultural and artistic donations, investment funds and business set-up. Minimum investment requirements start from €250,000.

Non-Habitual Resident Tax Scheme

Portugal's parliament approved the State Budget 2024, marking the end of the Non-Habitual Resident (NHR) tax scheme for new entrants as of December 31, 2023. Existing NHR permit holders remain unaffected. Transition provisions allow individuals committing to residency in Portugal, meeting specific criteria, to access the NHR regime in 2024. The scheme will be phased out to new entrants during 2024 and fully terminated by 2034. The move, politically motivated, follows a significant rise in tax-exempted amounts under NHR, exceeding €1 billion in 2021. A new "incentive to scientific research and innovation" regime will be introduced, while the 'Former Residents' tax regime is extended.

7th Safest Country on the Planet

Portugal stands as a beacon of safety, securing its position as the 7th safest country on the Global Peace Index. With a rich history and vibrant culture,

Portugal offers not only stunning landscapes and warm hospitality but also a remarkable commitment to peace. The nation's low crime rates, effective law enforcement, and social harmony contribute to its global reputation for safety. Portugal's emphasis on community, coupled with progressive policies, fosters a secure environment for residents and visitors alike. Whether strolling through historic streets or enjoying picturesque coastlines, Portugal consistently proves that it's not just a destination for beauty but for tranquility and security.

Quinta do Lago Triumphs at World Golf Awards

Quinta do Lago has achieved remarkable success at the 2023 World Golf Awards, securing three prestigious titles. The resort was honored with the title of 'Europe's Best Golf Venue,' and its acclaimed South Course was once again named as both 'Europe's Best Golf Course' and 'Portugal's Best Golf Course.'

Vale do Lobo Sold to US Fund

A consortium led by investment funds advised by Davidson Kempner Capital Management LP, and comprising operating partners Highgate and Kronos has completed the acquisition of leading Portuguese investment manager ECS Capital for €850,000,000. The deal includes the acquisition of two funds managed by ECS, as well as some additional Portuguese companies, whose assets comprise of attractive hospitality, residential and commercial properties predominantly located across the Algarve region. The ECS real estate portfolio includes 18 hotels and three golf courses, as well as residential properties and land to develop at the renowned Vale do Lobo Golf & Beach Resort and the popular Conrad Algarve Hotel in Quinta do Lago.

This highlights the long-term vision for the region and the focus placed on further developing the Algarve as an upmarket tourist destination of Southern Europe.

The Algarve Leads the Way

The Algarve clinched Europe's Leading Beach Destination for the 10th time, beating out competitors like Cannes and Sardinia. The region's 200 km of diverse coastline, from cliffs to hidden coves, along with year-round mild temperatures, contribute to its global appeal. Portugal secured 17 awards at the World Travel Awards, including Europe's Leading Destination 2023.

Expansion for Vale do Lobo

Spanish real estate firm Kronos Homes is set to build 460 luxury houses at Vale do Lobo, marking the expansion of the 450-hectare resort. The €500 million investment over the next decade includes the acquisition cost and represents phase 2.0 for Kronos in the Algarve. Construction will commence in 2024, with 237 units in the Vale Real expansion phase and a five-star hotel. Vale de Santo António is the last development area, emphasizing a focus on the premium segment. The project aims to preserve Vale do Lobo's lifestyle and iconic status, catering to a diverse international residential community.

Improved Flight Connections for Faro

André Gomes, President of the Algarve Tourism Association (ATA), lauds the Algarve's ascent

The Algarve clinched Europe's Leading Beach Destination for the 10th time, beating out competitors like Cannes and Sardinia.

as an exceptional tourist destination, noting its global recognition across diverse segments. The region's growing connectivity underscores this acclaim, with numerous new routes and air connections confirmed for this year. ATA anticipates highly positive prospects in response to these developments.

Noteworthy European routes comprise of Faro/ Helsinki (Finnair), Faro/Southampton (easyJet), and Faro/Brest (Volotea). US links include Azores Airlines connecting Faro to Ponta Delgada.

The inaugural direct flight from Faro to Newark, New York by United Airlines which was due to start in May 2024, marking a significant stride in the region's international accessibility has been postponed until summer 2025.

President Gomes underscores the strategic pursuit of reaching diverse markets and year-round tourism promotion. Beyond enhancing global tourism, the expanded routes offer newfound travel options for Faro-based expats, catering to varied needs such as family visits, homeward journeys, or vacations.

These developments complement the Algarve's ongoing investment in transport links and infrastructure, solidifying its appeal as an ideal yearround living destination.

LOCATION, LOCATION

Quinta do Lago, Vale do Lobo & Pinheiros Altos: A Blend of Luxury Living, Nature and World-Class Amenities.

TA L GARV E

he term Golden Triangle refers to the three leading golf resorts of the Algarve, these sophisticated residential resorts are renowned for their unparalleled luxury, exclusive lifestyle, and splendid natural beauty. This opulent area, covering about 800 acres, has long been an ideal retreat for the world’s elite, and continues to be a sought-after destination for discerning homeowners.

Location and Proximity

This prime location boasts direct access to the Atlantic Ocean and enjoys the tranquility of Ria Formosa Nature Park, an 18,000-hectare natural reserve that borders the Quinta do Lago and Vale do Lobo to the south. Known for its unique biodiversity and wetland systems, the park’s proximity adds immense value to the location. The resort is conveniently situated just 15 minutes away from Faro Airport, offering easy access to international visitors and homeowners alike.

Lifestyle and Amenities

Beyond the region’s picturesque scenery, these premium resorts deliver a lifestyle defined by comfort, luxury, and a broad choice of recreational activities.

Golf enthusiasts will be delighted to find some of the world’s best golf courses, such as Vale do Lobo Ocean, Vale do Lobo Royal, Pinheiros Altos, San Lorenzo, Quinta do Lago North, Quinta do Lago South and Quinta do Lago Laranjal. These resorts are home to over 300 days of sunshine per year, making it a year-round golf destination.

The Campus and Quinta Verde Training Centre are advanced facilities designed for peak performance and innovation, catering to athletes, teams, and sports enthusiasts across all skill levels and ages. In the general area, one will find a of vibrant sporting hubs promoting an active lifestyle focused on health, fitness, and overall wellness. Discover their cutting-edge amenities including a toptier gymnasiums, tennis and padel courts, swimming pool, cycling facilities, diverse group classes, personalized training services.

Quinta do Lago

Loulé

Tavira

Vila Real de St. António Albufeira

Portimão

Lisboa

Silves

Lagos

Aljezur

Vila do Bispo

Faro

Sevilha

Sta Bárbara de Nexe Vilamoura

Sagres

Quinta do Lago and Vale do Lobo also boast beautiful sandy beaches, including Ancão and Garrão, which are perfect for a relaxing day under the sun. The Quinta do Lago Lake is a hub for water sports activities where enthusiasts can enjoy sailing, stand up paddling and fun water activities for all the family to enjoy. In addition to these, the resort offers horse riding centres, tennis clubs, sumptuous spas and an exciting selection fine dining restaurants for a rounded, luxurious lifestyle experience.

For shopping needs, residents have access to Quinta Shopping, Forum Shopping and Mar Shopping, all three shopping centres are filled with a mix of international brands, home accessories, jewellery and so much more.

Foreigners can take comfort from the fact that premium resort staff and security personal are all trained for life saving situations. There’s also a medical centre within Vale do Lobo and Quinta do Lago for any health-related needs. The private hospitals of Loulé and are within 15 minutes’ drive away from the resorts.

Dining Experiences

The area also embraces culinary diversity through a variety of international restaurants that cater to cosmopolitan tastes. From upscale Asian fusion cuisine to authentic Italian trattorias, visitors can embark on a global culinary journey without ever leaving the area.

Top: Quinta do Lago South Golf Course. Middle: Praia de Vale do Lobo. Bottom: Mar Shopping.

Dining is an opportunity to explore, discover, and indulge in the rich flavours that the Algarve has to offer. Whether savouring haute cuisine in an elegant fine dining establishment, dining by the sea at a charming beachfront restaurant, or exploring international flavours at a cosmopolitan restaurant, visitors are invited to embark on a culinary adventure that celebrates diversity, creativity, and sophistication.

In this gastronomic playground where every meal is a celebration, Vale do Lobo and Quinta do Lago offer an unparalleled dining experience that is sure to delight even the most discerning of palates.

A Trusted Destination

For families with children, safety is of paramount importance, and Vale do Lobo and Quinta do Lago offer an idyllic setting where children can grow and thrive in a secure environment. With pedestrian-friendly streets, well-maintained parks, and an abundance of recreational amenities, these communities are designed to cater to the needs of families, providing ample opportunities for outdoor play and exploration.

For families with children, safety is of paramount importance, and Vale do Lobo and Quinta do Lago offer an idyllic setting where children can grow and thrive in a secure environment.

Portugal’s reputation as one of the safest countries in the world further enhances the appeal of Vale do Lobo and Quinta do Lago as desirable destinations for families and individuals seeking a secure and welcoming environment. With its low crime rates, stable political climate, and robust infrastructure, Portugal provides a solid foundation upon which these resorts have built their reputation as premier residential and holiday destinations.

In conclusion, safety and security are fundamental pillars of life in Vale do Lobo, Quinta do Lago and neighbouring areas, where residents and guests enjoy a tranquil and protected environment that prioritizes their well-being above all else. With round-the-clock security measures, family-friendly amenities, and the backing of Portugal’s stellar safety record, this area offers a sanctuary of peace and security where families can thrive and memories can be made without worry or hesitation.

Top right: The Campus, Quinta do Lago.

Ria Formosa: The Natural Paradise

A distinctive gem in the area is the Ria Formosa nature reserve, designated a Natural Park in 1987. Stretching for 60 kilometres along the coastline, the park is characterized by its unique biodiversity, marshy lands, navigable channels, sandy islands and distinctive flora and fauna. It’s a birdwatcher’s paradise, home to a myriad of native and migratory birds. Also, the park accounts for 90% of the shellfish consumed in Portugal and hosts an incredible array of wildlife for visitors to enjoy.

Luxury Real Estate and Market Performance

The real estate market reflects its upscale lifestyle, offering a range of luxurious villas, townhouses, apartments, and last remaining plots for development. The properties combine modern design aesthetics with a range of architectural designs, surrounded by breath-taking landscapes, golf course and lake views, and, in some cases superb views of the surrounding Ria Formosa and Atlantic Ocean.

Investing in real estate on these premium resorts presents a unique opportunity to experience a fusion of luxurious living and stunning natural beauty. These up-market resorts and their neighbouring areas maintain an enduring appeal among high-net-

worth individuals looking for a second home or a permanent move to a locale that epitomizes a quality lifestyle.

The blend of luxury living, natural beauty and a broad selection of amenities make it a prime choice for discerning homeowners. With the continued growth of its property market and the promise of a lifestyle filled with golf and sports facilities, fine dining and a stunning natural backdrop, the premium resorts of Vale do Lobo, Pinheiros Altos and Quinta do Lago remain a leading destination for luxury living in Portugal’s Algarve region.

Top: Quinta do Lago bridge in the Ria Formosa. Above: Luxury real estate in Quinta do Lago.

AT HOME WITH CAROL SMILLIE & ALEX KNIGHT

With a television career spanning three decades, Carol Smillie has become a household name, gracing screens from 'Wheel of Fortune' to the iconic 'Changing Rooms'. Her talent has garnered prestigious awards including the Indie and National TV Award, along with a coveted BAFTA nomination. Carol's wit and charm have entertained audiences on numerous talk shows and panel programs, showcasing her versatility and enduring appeal.

Beyond television, Carol is a multifaceted entrepreneur and author. She founded DiaryDoll – Pretty Clever Pants, a brand that gained acclaim and was later acquired by High St TV. Additionally,

Carol has authored insightful books such as 'Carol Smillie’s Working Mum’s Handbook' and provided fitness guidance through her pre- and post-natal DVD, 'Changing Shape'. Her columns in publications like Woman’s Own and The Sunday Times reflect her wisdom and relatability.

In a surprising career pivot in 2018, Carol embraced a new role as a Humanist Celebrant with Humanist Society Scotland. This transition allowed her to guide individuals through significant life events, enriching her perspective and providing profound fulfillment.

Despite her professional success, Carol's greatest joy lies in her family life. She shares a loving relationship

Food and

enjoying

the experience of being present with loved ones has always been an important

part

of our

family

life.

Whether at the villa or at a restaurant, time spent together in the Algarve gave the family an opportunity to slow down and enjoy each others company.

with her husband of over 30 years, Alex Knight, and takes pride in their three children, Christie, Robbie and Jodie. As she enters her 60s, Carol's passion for her various endeavors remains undiminished, embodying the spirit of lifelong learning and growth. Her journey serves as an inspiration, proving that with determination and dedication, one can thrive in multiple spheres of life.

On a recent visit to Portugal, we had the pleasure of sitting down with Carol and Alex at their beautiful villa for an open chat on what brought them to the Algarve, how they found their new home and they openly share some heartfelt stories of family life in this beautiful part of the world.

Q - CAN YOU SHARE WHAT INITIALLY ATTRACTED YOU TO THE ALGARVE AND WHY YOU PURCHASED A PROPERTY HERE?

Carol - We had young children at the time, two were under four and I was pregnant with our third. Initially, the recommendation had come from a friend of ours who had said that the Algarve was a great family destination, was easy to travel to and the people were so friendly.

Alex - Carol had a high profile job and we had holidayed in Spain, but she struggled because of photographers and the lack of privacy there. Portugal however, gave her a sense of comfort as she didn’t experience this here which was important when enjoying quality time with our family outside of a busy work schedule.

Carol - So, we decided to holiday in Vale do Lobo which had been recommended as a reputable family resort ideal for young families. We rented a property for two weeks, fell in love with the resort and being the impulsive people we are, found a property and placed a deposit on a villa before we returned! This was summer 1999 and the villa was finished in 2000, we have been visiting the Algarve on multiple occasions every year since.

At the time, with busy lifestyles and three young children, Vale do Lobo provided us with an opportunity to slot into holiday mode straight away as the supermarket, restaurants, beach and a broad range of resort amenities were so easily accessible.

Q

- WHAT MAKES THE ALGARVE STAND OUT COMPARED TO OTHER DESTINATIONS YOU'VE CONSIDERED?

Carol - Accessibility has always been important for me on the basis that if I ever needed to get back for a job, flights were quick, easy and to a range of UK airports. [Laughing] a lot of the time I wouldn’t even tell my agent that I was in Portugal!

Alex - Over the years and as the children got older, Portugal became an important part of our lives. Our children, Christie, Robbie & Jodie, developed a close group of friends in the area, they wanted to return every year which also allowed the family to enjoy countless summer holidays together.

Carol - As the children grew up they were given the freedom and independence to hang out with friends at the beach, Praça and Gecko’s nightclub which allowed them to form incredible relationships within a safe environment. These relationships have grown in strength over the years and have been influential in terms of the decisions the children have made and the paths they have followed in life.

Food and enjoying the experience of being present with loved ones has always been an important part of our family life. Whether at the villa or at a restaurant, time spent together in the Algarve gave the family an opportunity to slow down and enjoy each others company.

The children remain deeply connected to the Algarve which means they continue returning year after year. This has allowed us to enjoy quality time together which otherwise may not have existed if there wasn’t a shared love for the region.

Q

- CAN YOU DESCRIBE YOUR EXPERIENCES THROUGHOUT THE PROPERTY BUYING PROCESS

Carol - Well, that’s easy! We dealt with three reputable estate agencies but felt they all over promised and under delivered.

We chose to work with Mario on the basis that he was a professional with many years of experience, he asked the right questions and took the time to carefully listen.

Listening was very important to us as it meant he genuinely cared which in turn made us feel confident that he had our best interests at heart.

Q - CAN YOU DESCRIBE THE MOMENT WHEN YOU KNEW YOU HAD FOUND YOUR "FOREVER HOME" IN THE ALGARVE? WHAT MADE IT STAND OUT?

Carol - We had seen a lot of properties through other estate agents that simply weren’t of interest and this led us to believe that perhaps we had made the wrong decision to sell our property and buy another one in the area.

Mario however, understood exactly what we wanted so we didn’t waste time viewing properties that didn’t suit our needs. From memory he took us to see five properties which all matched our brief, but when we walked into our current home we knew straight away that this was the one!

Alex - We loved the fact that it had been a family home for many years, the outside space and garden was mature and just a beautiful area to enjoy. The flow of a house is very important to us and this property has spacious open plan living with a natural flow to the pool and outdoor dining area. We spend a lot of time eating outdoors so to have this incredible private outdoor dining area overlooking beautiful gardens was a big selling point for us.

Carol - I think there’s a certain amount of compromise, but buying a house is like falling in love, you just know!

Owning a property in the Algarve has definitely been a healthy addition to our lives!

Q - HOW DID MARIO'S GUIDANCE SUPPORT YOU WITH BUYING A PROPERTY?

Carol - Searching for a property can be overwhelming. We struggle to understand pricing in this market, there is no transparency and the advice is inconsistent. Saying that, we felt that Mario was able to apply his local knowledge and leverage his contacts to source a range of properties in line with what we were looking for.

There is also a limited supply of properties available for sale and we felt that his approach to sourcing properties saved us a lot of time and stress, and increased the likelihood of finding a home.

Q - LIFE IN THE ALGARVE:

What aspects of life in the Algarve do you enjoy the most?

Alex - The culture, food and climate are what stands out to us and our family.

Carol - The people are friendly and hospitable, the food is fresh and of the highest quality and the climate is sunny with all year round moderate temperatures.

How has living in the Algarve impacted your lifestyle and well-being?

Alex - A lot of people say that if you have a house abroad you don’t travel elsewhere, but the flip side is when you arrive at your home you switch off and relax the minute you open the door.

This then allows you to do the things you love, whether it’s a walk on the beach, a meal at a restaurant or simply discovering new things we haven’t experienced before. Owning a property in the Algarve has definitely been a healthy addition to our lives!

Could you share some highlights or memorable experiences from your time living in Portugal?

Carol - We have so many memorable experiences that we don’t know where to start, but for a few years we made it an annual family day to head over to No Solo Agua in Portimao. We’d all book massages, enjoy a long lazy lunch overlooking the ocean and spend the day there, just the five of us.

Carol and Alex suddenly burst into laughter remembering that it was at this annual event that Alex would find and place a Buddha in the centre of their dining table at No Solo Agua. The Buddha being a sign that a serious family discussion was about to take place. It was at this moment, that they told the children they had made the decision to sell

the house in Vale do Lobo. They were pretty shocked and worried, until they realised it wasn’t the end of family holidays in the Algarve, just the start of a new adventure in a new house, off resort.

Are there any particular aspects of Portuguese culture or lifestyle that have significantly influenced your perspective or enriched your life during this phase of your lives?

Carol - Life in the UK is relentless. The negative media dominates our televisions so to be able to come to the Algarve allows us to switch off, enjoy this haven and change the pace of life.

Alex - Portuguese people have always stood out to us for their kindness, they have always made us feel welcome and are happy to share their food, culture in an authentic way.

Q - YOUR TESTIMONIAL MENTIONED THE TRANSITION FROM CLIENT TO FRIEND WITH MARIO. CAN YOU ELABORATE ON HOW THIS RELATIONSHIP EVOLVED OVER TIME?

Carol cheekily says with a smile on her face, “He’s alright, he’s alright!”

Carol - the older one gets the less open you become to making new friends and expanding your friendship circle, but Mario and Sofia are our young and cool friends. We formed a great connection with Mario while working with him and once we met Sofia the relationship grew into a friendship. Sofia and I share a love for interior design, the arts and of course, a little shopping!

Alex - With some people you feel a certain warmth and your inner voice says that yes, he’s part of my tribe. Mario lives his life according to a great set of values and desires to be a genuine, warm and caring father to his two daughters and I see myself in him.

Q - YOU'VE RECOMMENDED MARIO TO OTHERS LOOKING TO BUY IN THE ALGARVE. WHAT DO YOU TELL THEM ABOUT YOUR EXPERIENCE?

Alex - Buying a property in the Algarve is not as easy as it may seem, but we found dealing with Mario a breath of fresh air. He had a genuine desire to understand our needs.

Unlike estate agents, he does not list properties for sale and was therefore not trying to sell us a property on his portfolio. Instead he persevered and sourced a selection of properties in line with what we were looking for. He then negotiated a great price and was

regularly in contact, keeping us updated on the legal process.

Carol - As a buyer, it was great to have a specialist like Mario looking after our best interests!

Q - WHAT ADVICE WOULD YOU GIVE TO SOMEONE CONSIDERING PURCHASING PROPERTY IN THE ALGARVE?

Carol - Use a buying agent like Mario Sardo! It’s important for buyers to be patient, open minded and decide what’s best for them and their family. Do you want to be on-resort close to the beach and amenities or are you willing to look in neighboring areas where you can get more value for money?

A list of the top 5 priorities works well for them, but Alex and Carol agree that one of the key factors is, be prepared to comprise.

Carol - Things are always changing and evolving in life so be open minded and be willing to compromise because what you see as a non-

negotiable now will be of less importance a year or two down the line.

Q - ARE THERE ANY PROJECTS OR PLANS YOU'RE EXCITED ABOUT IN YOUR NEW HOME?

Carol – [laughing] Because of the type of people we are, we blitzed it after buying the property so there isn’t that much left to do! However, saying that I love the garden. This has developed into a new life passion and has allowed me to be more interested in gardening both in Portugal and at our home in Glasgow.

I’m not a fan of lying in the sun for hours on end so to be in the garden surrounded by nature, enjoying watching the fish swim in the pond while listening to music is therapeutic and something that I find fulfilling.

Alex - We also love art and there is a developing art scene in the region so we often head up to some of the galleries in Loulé or find some new ones along the Algarve. We are not sentimental about our possessions so buying and selling art is something

we enjoy and through this we are often tweaking and improving the interiors of our home.

Buying and selling property in the Algarve, it’s so difficult to know where to start. From the first moment we met Mario, we knew we were in safe hands.

Q – LOOKING AHEAD, HOW DO YOU SEE YOUR LIFE IN THE ALGARVE

EVOLVING?

Alex - It has already evolved, we have come to the conclusion that we are not going to live here all year round, but will spend 5 – 6 months of the year in the Algarve. We also have a great life and network of friends in Glasgow and love being there.

The kids are now much older and come backwards and forwards to the Algarve on their own, and that’s great. They’re now all responsible enough to enjoy the house with their friends, and we get a lot of satisfaction knowing that the property is being used and enjoyed by all of them.

Carol - In life, we never know what is around the corner so we take a view on enjoying today and should our circumstances change in the future this property and Portugal have been very good to us and our loved ones.

He was so professional and not only had a wealth of experience and knowledge of the area, but he was the only one who truly listened to what we wanted. Rather than waste our time sending us a list of unsuitable properties already listed with multiple agents, he took the time to understand what was right for us and our budget, before personally showing us his carefully selected shortlist.

He was always available to chat through any concerns we had, and not only sold our house quickly, but at the same time, found us the perfect forever home in the sun, without any hassles or issues we may have expected. Not only that, but the relationship then went from client to friend, and as a result we have recommended him to so many people.

Carol Smillie

In the heart of Quinta do Lago, amidst the splendour of the Algarve, stands Villatura, a beacon of award-winning elegance and architectural prowess. Crowned as the 'Best Residential Property - Portugal' at the International Property Awards 202324, Villatura is not just a villa, it's a masterpiece that encapsulates the essence of luxury living in one of Europe’s most prestigious resorts.

Villatura is not just a villa, it's a masterpiece that encapsulates the essence of luxury living in one of Europe’s most prestigious resorts.

The villa's design philosophy is a testament to harmony with nature, blending contemporary aesthetics with the natural beauty of its surroundings. Designed by leading architect, Jutta Hoehn, the choice of materials reflects a commitment to sustainability and luxury, with imported natural stones, exceptional quality woods, and sliding glass walls creating a seamless transition between indoor opulence and the stunning natural surroundings including ocean vistas. This thoughtful integration ensures that the villa not only stands out for its beauty but also respects and enhances its picturesque environment.

The villa's architectural finesse extends to its leisure and wellness facilities. A fully equipped gymnasium, rejuvenating spa, treatment room and indoor heated pool ensure the well-being of its residents and guests.

Step into this exquisite property and immerse yourself in a realm of unparalleled luxury, where the furnishings have been meticulously curated to evoke a sense of refined opulence. From sumptuous sofas to designer wallpaper adding a touch of elegance and personality, every piece has been selected with the utmost care to ensure both comfort, style, and sophistication. Indulge in the lavish surroundings as you unwind in the embrace of extravagant furnishings, enveloped in an atmosphere of timeless sophistication.

Built by leading construction company, Unique Build, the property features six luxurious bedrooms with en-suite designer bathrooms, chefs’ kitchen with state-of-the-art appliances, while extensive living areas offer the perfect setting for creating unforgettable memories. The expansive outdoor spaces are idyllic for relaxing alongside a heated pool surrounded by meticulously landscaped gardens by international landscape designer, Richard Westcott.

The villa's architectural finesse extends to its leisure and wellness facilities. A fully equipped gymnasium, rejuvenating spa, treatment room and indoor heated pool ensure the well-being of its residents and guests, while the private state-of-the-art cinema

The principal bedroom consists of the entire first floor and features private lift access, floor to ceiling glass sliding doors with access to a spacious southerly facing terrace.

and chill out lounge promise endless hours of enjoyment. These amenities, combined with the villa's architectural beauty and technical sophistication, ensure a living experience that is as indulgent as it is comfortable.

Arrive by lift onto a luxurious private sunroof terrace, where exclusivity meets entertainment in an unparalleled setting. With its private lounge and built-in bar, guests can unwind in style while sipping on cocktails and soaking in the breath taking views of the Atlantic Ocean. For intimate gatherings, the teppanyaki grill offers a unique dining experience, where culinary delights are prepared before your eyes against a backdrop of ocean vistas. Complete with sound system and a sparkling heated swimming pool, this terrace sets the stage for unforgettable private parties, where every moment is infused with sophistication and relaxation.

Technically, Villatura is unmatched, boasting stateof-the-art features that redefine modern living. From the advanced home automation system that offers unparalleled convenience at the touch of a button to the energy-efficient solutions that underscore the villa's commitment to eco-friendly living, every aspect has been meticulously designed to meet the highest standards of functionality and comfort.

In closing, Villatura is more than just a villa, it's a symbol of beauty and elegance in the Algarve. It stands as a testament to what modern architecture can achieve when it harmonizes with nature, embraces technology, and focuses on the comfort and luxury of its residents. The villa is not just a space to live, it's a masterpiece to be experienced, offering a unique blend of tranquility, beauty, and modern convenience that sets a new standard for luxury living in Europe.

For more information please contact us at Sardo Luxury Real Estate.

TAKE A VIDEO TOUR OF

I first met Mario in 2009 when I was looking for my first property in Quinta Do Lago. I met a number of capable agents, all from reputable agencies, but decided to ask Mario to handle my property purchase. I made the decision primarily because I trusted Mario to negotiate the best possible outcome for me. This was built on my belief that Mario had a really strong in-depth knowledge of the market, could identify opportunities and was a very good negotiator. We found a property which had potential to add value and negotiated a great price. This was my first property purchase outside the UK and Mario helped me find a great lawyer, builder, landscaper and project manager. Looking back, I’m sure I made the right decision to work with Mario and have no hesitation in recommending him. I will certainly use him for my next property purchase in Portugal.

Mark Featherstone Managing Director - TCC Global, London

THE BUYING PROCESS

If you are intending to buy property in Portugal, the process is relatively fast and straightforward, provided the property documents are in order. Private and Corporate transactions can be completed within 6-8 weeks.

01 THE PROCESS:

After you have found your property and negotiated your purchase, Sardo Luxury Real Estate will prepare the ‘Letter of Intent’ to be signed. This document outlines the terms and conditions of the agreement between you and the seller. The LOI is then sent to the lawyers representing both parties. Once your lawyer receives all of the property documentation they will then perform due and prepare the contract. We will also prepare an inventory list to send to the lawyers and attach to the contract.

BUYING PROCESS

PRIVATELY OWNED PROPERTY

02 03 04

03 04 04 06

Following the signing of this contract, a 10% deposit is made to the seller, this is usually facilitated through the lawyers client account.

The transfer of ownership to the buyer, known as the Final Deed or “Escritura” is signed at the notary´s office on an agreed date. In the event that one of the parties is unable to be present, power of attorney may be given to their legal representative.

The transaction is finalised once the payment of the balance of the purchase price and associated taxes are made.

Following the completion of the due diligence on the property, the Promissory Contract, “Contrato Promessa de Compra e Venda”, is prepared, which requires signature from both parties. 05 06

For the final step, your lawyer will register you as the new owner in the Land Registry, “Registo Predial”, and generally also perform the necessary alterations to the utility bills.

BUYING PROCESS

IF THE PROPERTY IS HELD IN A CORPORATE STRUCTURE

02 03

Your lawyer will proceed with the normal legal searches on the property and will also carry out the due diligence on the corporate structure. These measures will include the confirmation of the liabilities, fees, warranties, representation, history and the legal procedures of the company.

The next step entails the preparation of a Share Purchase Agreement by your lawyer, which is then signed by both Parties. At this point all the conditions of the transaction are secured, normally with a 10% deposit being made to the seller, through the lawyer’s client’s accounts.

During the final step, the respective management company will transfer the share ownership from seller to buyer. This process is generally fast and simple and it may be carried out in English. 03 04 04 06

This transaction occurs under the jurisdiction of the company’s domicile, although it can also take place under Portuguese jurisdiction or another one connected with the parties. The formalities applicable to the transfer of the shares or rights in the jurisdiction of the company’s domicile are this way safeguarded.

05 06

The buying process is finalised when both parties fulfil the terms formerly described in the Share Purchase Agreement and once you have transferred the balance of the purchase price to the seller, also generally through the lawyers.

TAXES ON PRIVATELY OWNED PROPERTY TAXES ON CORPORATE OWNERSHIP

(NON-RESIDENT COMPANIES)

IMT - PROPERTY PURCHASE TAX

• 5% rustic land

• 6.5% plots for construction and others

• 7.5% properties for habitation

CAPITAL GAINS TAX

28% on the gain in Portugal for non-residents (Residents in Portugal are not taxed on 50% of their capital gain and the other 50% is added to their usual annual income tax return)

IMI - PROPERTY TAX

• 0.3% to 0.45%

• 0.8% rustic Land

AIMI - ADDITIONAL MUNICIPALITY ANNUAL PROPERTY TAX

• Up to EUR 600,000 - No AIMI tax

• EUR 600,000 to 1m - 0.7%

• EUR 1m to 2m - EUR 2,800 + 1% on the value above EUR 1m

• Above EUR 2m - EUR 2,800 + 1% on the value up to 2m + 1.5% on the value in excess of EUR 2m

OTHER PURCHASE COSTS

• 0.8% stamp duty

• EUR 250 for registration fees

• Notary and lawyer fees will vary depending on the value of the purchase and complexity of the deal

ANNUAL RUNNING COSTS OF THE COMPANY

• None

ANNUAL FISCAL REPRESENTATION

• Around EUR 250*

* Estimated amount, subject to the complexity involved

IMT - PROPERTY PURCHASE TAX

• No IMT for the purchase of shares in nonresident companies

• 6.5% for the purchase of shares in Portuguese companies that own Portuguese real estate (depends on certain criteria)

• 10% for acquisition by offshore entities (or entities controlled by them) included on the Portuguese blacklist

CAPITAL GAINS TAX

• 25% if the property is sold outside of the company

• 28% for UBO if the shares are sold; subject to the double treaty taxation between PT and country of residence of the UBO

IMI - PROPERTY TAX

• 0.3% to 0.45%

• 0.8% rustic land

• 7.5% for real estate held (directly or indirectly) by offshore entities included on Portugal´s blacklist

AIMI - ADDITIONAL MUNICIPALITY ANNUAL PROPERTY TAX

Provided the property is attributed to the personal use of its shareholders and directors, (as well as direct family members):

• 0.7%

• 1% on tax value above EUR 1m

• 1.5% on tax value above EUR 2m

• 7.5% on properties held by offshore entities included on Portugal´s blacklist

OTHER PURCHASE COSTS

• No stamp duty

• No registration fees

• 1 to 2% legal fees

ANNUAL RUNNING COSTS OF THE COMPANY

• EUR 1,500 - 4,500*

* Estimated amount, subject to the complexity involved

FOR THE JOURNEY

We are delighted to announce Breitling has introduced a showstopping assortment of their iconic Navitimer watch in two slender new sizes, featuring radiant mother-of-pearl dials, traceable 18k red gold, and responsible lab-grown diamonds. The new Navitimer 36mm and 32mm make their debut in an intimate NAVITIMER – FOR THE JOURNEY campaign starring Charlize Theron.

The Navitimer is one of the most recognisable watches ever made. It’s on collectors’ lists of the greatest watches of all time. What began in 1952 as a tool for pilots has gone on to mean something profound to every single person who has had this timepiece along on their personal journey. Now Breitling introduces two new additions to the Navitimer collection, in new 36mm and 32mm sizes for people who love the look and feel of a smaller diameter watch. But these showstoppers have so much more to offer than just their trim new sizes. Pops of pastel, mother-of-pearl, and traceable precious materials combine with the Navitimer’s distinct beaded bezel to create timepieces with a jewellery-like appeal— giving the legendary navigational watch a versatile elegance that’s ready for wherever the journey takes you.

The campaign for the Navitimer 36 and 32 stars Academy Awardwinning actor Charlize Theron who shares the personal journey that took her from remote South Africa to the international A-list. Theron’s NAVITIMER – FOR THE JOURNEY campaign is part of an intimate series told by Breitling’s brand ambassadors in their own words.

“You can spot someone from across a room and know they are wearing a Navitimer. It’s just that recognizable,” says Breitling CEO Georges Kern. “Charlize Theron so wonderfully represents this line because she too is an icon known the world over for her strength, beauty, talent, and powerful journey.”

ALL THE LOOK IN A JEWELRY-LIKE FORMAT: THE NAVITIMER AUTOMATIC 36

The 36-mm Navitimer features the beaded bezel and iconic circular slide rule (used by pilots as an analog calculator) that give the Navitimer its unmistakable appearance. But here it comes in a

Pops of pastel, motherof-pearl, and traceable precious materials combine with the Navitimer’s distinct beaded bezel to create timepieces with a jewellery-like appeal.

trio of chic metallic dial colors (mint green, silver, and anthracite) with baton indexes, or with a white mother-of-pearl dial set with round-cut “better diamonds”.

Part of Breitling’s mission to do better, these diamonds are labgrown and traceable to accredited producers who have achieved the SCS-007 Sustainability Rated Diamonds Standard. Similarly, the full-gold version is crafted in “better gold”, traceable to artisanal and small-scale mines that meet the Swiss Better Gold Association’s criteria for social and environmental impact.

All watches in the line that feature better gold, better diamonds, or both, carry the Origins label, a marker of their precious materials’ product integrity.

The Navitimer 36 is powered by the COSC-certified Breitling Caliber 17, providing three-hand time and automatic winding.

FLAWLESS STYLE, EXCEPTIONAL ACCURACY: THE NAVITIMER 32

This dazzling new interpretation of the classic aviation watch forgoes the slide rule in favor of a simplified dial design suited to its slim diameter. Where this small watch packs a big punch is in its mother-of-pearl dials in powdery pink and light-blue—a first for Breitling—along with classic white. As with the larger 36, the 32 features better diamonds across the line and better gold on the full-gold version. They all carry the Origins label.

The power behind this watch comes from the Breitling Caliber 77, a supremely precise SuperQuartz™ movement that, as with all of Breitling’s quartz calibers, has the added distinction of being COSC-certified. It also features a 50-meter (5-bar) water resistance, impressive for a watch this size.

CHARLIZE THERON’S JOURNEY

After 70 years, the Navitimer has transcended being a tool used by pilots to navigate their course. It now stands as a symbol for all those making their personal journeys through life.

Breitling celebrates this significance in the NAVITIMER – FOR THE JOURNEY campaign. It stars the Navitimer Squad, made up of basketball superstar Giannis Antetokounmpo, principal dancer Misty Copeland, aviation pioneer Bertrand Piccard—and now, Academy Award-winning actor Charlize Theron, the face of the new Navitimer 36 and 32.

Each member of the Navitimer Squad has been on an incredible journey to get to the top of their fields. Using powerful visuals and the Squad Members’ own narration, the campaign gets to the heart of these moving journeys.

“My journey has always been about being up for any challenge,” says Theron. “I travelled from South Africa to Los Angeles when I was quite young and both that physical journey and the journey of being open-minded and ready for new experiences has served me well personally and professionally.”

Paulo Miranda Joalheiro Forum Algarve, Loja 035, 8000-126 Faro, Portugal www.paulomirandajoalheiro.com

Image: Tribú.

TIMELESS LUXURY

From Dunas Living

The Algarve lifestyle revolves around outdoor living, and for those who choose to move to Portugal’s sun drenched southern coast, spending time in nature and embracing the slowly moving seasons is a core and cherished part of daily life.

No one knows this more than Simon and Judy Clayton, the cofounders of Dunas Living, who have spent the last two decades reshaping the narrative behind the design of outdoor spaces surrounding the Algarve’s most beautiful homes. Arriving from Belgium in 2004, and originally from London, they have been pioneers in bringing some of the world’s finest outdoor, designled brands to the Algarve.

“Many of our clients move here to create new memories in a warmer climate and enjoy a special quality of life surrounded by some of the world’s most award winning natural landscapes“ explains Judy. “Yet, accustomed to seeking cosiness and comfort within their previous living spaces, the initial inclination is to prioritise the interiors of their new homes.” After 20 years of

Left top: Roda. Left bottom: Kettal & Tuuci. Below: Tribú.

By encouraging our clients to recognise that their outdoor spaces are integral extensions of the interior home, we are able to create seamless outdoor environments that reflect their personal taste, and enhance their time spent outside.

living here, Simon and Judy believe that, with 80% of leisure time being spent outside, this conventional approach needs to be challenged. “By encouraging our clients to recognise that their outdoor spaces are integral extensions of the interior home, we are able to create seamless outdoor environments that reflect their personal taste, and enhance their time spent outsidelounging by the pool, dining on a shaded terrace or toasting sundowners a rooftop.”

The commitment to cutting edge design, high quality materials and sustainability is what makes Dunas Living different, and forms an important element in Judy and Simon’s criteria for selecting brands. Whilst design is important, innovation in fabrication, and resistance to the elements, also form key features of their world renowned collections. “Many well known interior designers and architects such as Vincent van Duysen, Sebastian Herkner, Patricia Urquoia and Monica Armani, are now designing outdoor furniture, and together with our brands including Tribù, Dedon, Kettal, B&B Italia and Roda, they have placed a fresh and exciting emphasis on the connection of indoor and outdoor spaces.”

The culmination of Judy and Simon’s vision has led to the recent unveiling of their latest destination, an architecturally striking concept store and design studio in Almancil, centrally located near the prestigious resorts of Quinta do Lago and Vale do Lobo. Enveloped by a meticulously landscaped Mediterranean garden, clients can move through “outdoor room” settings to inspire their own projects, choosing from lounge & dining furniture, day beds, sunbeds, state of the art shade solutions and curated accessories. Judy and her dynamic team of experts also offer consultation at the initial design phase of projects - that can range from rural restored quintas to architecturally designed contemporary homes - giving crucial advise on terrace layouts and sun direction. Renovation of existing spaces also gives new life to well loved homes in need of refreshment.

“We have created a space that transcends the conventional store display of furniture and turns it into an experience - where our clients can come and feel inspired by the boundless possibilities of a life spent under the blue canopy of the Algarve,” explains Judy, whose hand chosen, extensive array of collections, allows customers to physically interact with the furniture, fabrics and finishes. “We feel passionate about making sure that each of our clients outdoor spaces reflect their personal taste and style, just as the rooms inside their home would, and with numerous bespoke options offered, we can ensure that no two outdoor environments are the same.”

In addition to outdoor furniture, a further multipurpose retail space acts as a complimentary experience for those seeking something smaller, including beautifully curated homewares, decorative pieces, floral arrangements, scented products and coffee table books from international brands such as Aqua di Parma, Baobab Collection, Carrol Boyes and Assouline. “We were inspired to create something similar to the multifaceted, design-centric retail spaces

of London and Brussels - places we would either go to with a purpose, or just to wander and browse, always leaving inspired… and with a candle or two.“

Understanding that the future of retail revolves around this full and circular experience, Dunas Living has collaborated with “austa” - a farm-to-table restaurant and coffee shop, kitchen and community with a connection to the land - in order to give their clients a connecting space to reflect and reconvene after time spent shopping or creating. Under the passionate care of Judy and Simon’s daughter, Emma and husband David Campus, and aligned with their vision of immersion in the outdoors, “austa”s own mission is to provide a menu that shifts and evolves with the seasons - led always by quality, provenance and the purpose of simplicity. The restaurant is set within the gardens of Dunas Living where “austa” also tend the vegetable garden and orchard, providing abundant sustenance for their kitchen.

This family has created a unique space, envisioning a better future for sustainable choices in everything from furniture to food, and creating a unique blend of culinary and design experiences unseen elsewhere in Portugal.

dunas-living.com | @dunasliving | info@dunas-living.com austa.pt | @austa_resta | eat@austa.pt

The culmination of Judy and Simon’s vision has led to the recent unveiling of their latest destination, an architecturally striking concept store and design studio.

Right: Kettal. Far right: Manutti. Below: Dunas Design Store. Bottom: Dedon.

ALLURING ALGARVE

Embracing the joys of exploring the Algarve!

The Algarve is a treasure trove awaiting exploration. Here, history intertwines with nature’s splendour to create an irresistible tapestry of experiences. From the enchanting towns of Faro, Loulé and Silves to the serene islands of the Ria Formosa and the quaint fishing villages of Carvoeiro, Lagos and Sagres, the Algarve beckons adventurers to embark on a journey filled with endless delights.

Unveiling Timeless Treasures

Step into the Algarve, where history whispers tales of ancient civilizations and vibrant cultures. Wander through the narrowcobbled streets of Faro’s Old Town, where Moorish architecture and Gothic cathedrals stand as testaments to bygone eras. Lose yourself in the labyrinth narrow walkways of Loule, where a medieval castle and bustling markets await, or venture to Silves, where a majestic red sandstone castle overlooks a landscape steeped in legend.

Nature’s Canvas

Beyond its historical riches, the Algarve enchants with its natural wonders. Discover the hidden gems of the Ria Formosa, where secluded islands such as Deserta, Farol, Armona and Fuseta boast pristine beaches, tranquil lagoons, and an abundance of wildlife. Whether kayaking through winding channels or simply lounging on sun-kissed shores, each moment spent amidst this coastal paradise is a testament to nature’s unparalleled beauty. Collect a private water taxi boat from Cais das Portas do Mar and head over to Isla Deserta, relax on white sandy beaches and then enjoy a unique restaurant experience at Restaurant Estaminé. Tel. +351 917 811 856 / www.ilhadeserta.com.

Enjoy a moderate two-hour hike on the awe-inspiring Seven Hanging Valleys hike from Praia da Marinha to Praia da Centeanas, where every step offers jaw-dropping views. Wander along the cliffs, catching sight of the stunning coastline and clear blue waters. Don’t miss the chance to explore hidden caves, admire the dramatic rock formations, and relax on the secluded beaches tucked away in these picturesque valleys—it’s an unforgettable adventure through the Algarve’s natural wonders.

Top left: Faro’s historical district. Top right: Silves castle. Above: Praia do Carvoeiro.

The allure of the Algarve extends to its charming coastal towns and villages, each offering a unique slice of paradise. From the golden sands of Galé to the rugged cliffs of Carvoeiro, every corner reveals a postcard-perfect scene waiting to be explored. Indulge in freshly caught seafood at beachside restaurants, meander through colourful streets adorned with traditional “azulejos”, or simply soak up the sun on pristine beaches framed by dramatic rock formations.

As Europe’s leading beach destination, there are many breath taking beaches waiting to be discovered along the Algarve coastline. Some highly recommended beaches are:

Praia de Benagil: Accessible only by sea, the famous Benagil Cave is a must see and is known for its dramatic sea stacks and secluded coves. Charter a boat tour from the Vilamoura marina and explore the cave, soak up the sun on one the many pristine beaches nearby and enjoy a long lunch at Restaurant Evaristo or Restaurant A Sardinha. Tel: +351 289 591 600; Tel. +351 289 591 666 / www.evaristo.pt.

Praia da Dona Ana: With its golden sands and stunning rock formations, Praia da Dona Ana is often considered one of the most beautiful beaches in the Algarve. Spend the day swimming in the turquoise waters or exploring the hidden caves along the coastline.

Praia da Falésia: Stretching for miles along the coast, Praia da Falésia is renowned for its towering red cliffs and golden sands. Take a leisurely stroll along the beach stopping at Restaurant Rocha Baixinha for a drink or meal or try your hand at water sports like surfing or stand up paddling. If dancing is your thing, head to No Solo Agua for sunset party and dance the night away.

Praia da Marinha: This beach is a must-visit for its iconic rock formations and crystal-clear waters. Spend the day snorkelling among colourful marine life or simply relax on the golden sands surrounded by towering cliffs.

Top: Benagil Cave. Middle: Praia da Dona Ana. Bottom: Praia da Falésia. Below: Praia da Marinha.

Market Marvels

Immerse yourself in the vibrant tapestry of local life at the Algarve’s bustling markets. Loulé is a fantastic destination for a day trip, on Saturday mornings vibrant stalls overflow with handcrafted treasures, aromatic spices, and farm-fresh produce from the surrounding countryside. Visit the “Cidade Velha” or Old City, In-The-Pink photo gallery and boutiques lining the streets of this historic town.

The markets of Lagos offer a vibrant pulse with the rhythm of traditional music and the aroma of regional delicacies. Lagos is a hidden gem in the Algarve and boasts historic cobblestone streets, beautiful beaches, and surf spots, viewing points like Ponta da Piedade, and a vibrant art and cultural scene. Here, every encounter is a celebration of the region’s rich cultural heritage and agricultural abundance.

Untouched Beauty of Sagres and Portugal’s West Coast

Tucked in Portugal’s southwest, Sagres and the unspoiled west coast offer a rugged charm unique to the region. Here, dramatic cliffs meet the Atlantic Ocean, creating a natural paradise for surfers and adventurers. Authentic Portuguese culture thrives in quaint fishing villages like Sagres, where historic landmarks tell tales of maritime history.

As the sun sets, breath-taking displays of golden hues paint the sky, casting a spell over visitors. Sagres and the west coast beckon travellers seeking authentic experiences amidst untouched landscapes. In this hidden treasure, nature reigns supreme, offering moments of pure magic for those willing to explore off the beaten path. Embark on an unforgettable journey to discover the untouched beauty of Sagres and Portugal’s unspoiled west coast.

Enjoy a homemade meal at Three Little Birds in Sagres or head up the coast to Restaurant O Sargo for a long lazy lunch whilst overlooking the beach in Monte Clerigo. Tel. +351 282 624 432 / www. tlb.pt; Tel. +351 282 097 347 / www.restauranteosargo.pt

Conclusion

The Algarve beckons you to embark on a journey of discovery, where every moment is infused with the magic of history, nature, and coastal charm. From wandering through ancient towns to basking on secluded beaches, each experience in this region is a treasure waiting to be uncovered. So, pack your beach towels and sunscreen, set out on an adventure, and let the Algarve captivate your heart and soul with its timeless beauty and unforgettable memories.

Immerse yourself in the vibrant tapestry of local life at the Algarve’s bustling markets. Loulé is a fantastic destination for a day trip.

Above: Loulé Market.

Above: Lighthouse of Cabo Sao Vicente, Sagres.

SMART HOME & CINEMA SOLUTIONS

DERITEC EXCLUSIVE specialises in residential control, intelligent lighting, home automation, networking, air conditioning systems, security, audio and video distribution, to a fully customised home cinema. We are official partners of the best international brands, such as Control4®, Lutron®, Crestron® and PrimeTheater®, also an official CEDIA member.

Imagine your home as an extension of yourself, where you can feel your personality in every detail that surrounds you. At every moment, intelligent lighting adjusts to create special environments, your home's automation intervenes while you relax after a long day, you feel the comfort of the temperature control adjusted according to your needs and real time environment conditions, and most importantly, maintaining your family's safety with advanced alarms and video surveillance systems.

We strive for innovation and apply the latest technology in our Smart Home solutions to allow users to feel even more comfortable at home without having to worry about anything. You can even program the house to welcome you the way you deserve as soon as you approach it.

Change the way you listen to music at home. Go through every room in your house and never stop listening to your favourite playlist, as you move around the music will simply follow you from your living room, to the kitchen, the garden and even in the pool.

You also have the possibility of enjoying an incomparable cinematic experience in the comfort of an exclusive high end cinema in your own home. All projects are exclusive, designed thought out and planned specifically to meet your needs and preferences.

DERITEC EXCLUSIVE not only offers high-quality home automation products and services, but also a unique and unparalleled experience.

The entire trajectory covered by DERITEC EXCLUSIVE, the years of experience, technical research, the dedication of our team, have left marks of wisdom and competence that are transmitted in each interaction with our customers.

www.deritec.pt

PERCHED FOR PROSPERITY

Expert guidance in navigating property taxation in Portugal with AFC.

Portugal's enchantment extends far beyond its captivating landscapes and rich cultural heritage, it boasts a taxfriendly environment that is increasingly alluring to property buyers. Beyond the appeal of holiday homes and investment opportunities, Portugal's favourable tax conditions offer a significant boost to financial prospects, making it a top choice for savvy investors seeking both lifestyle and financial benefits.

One of your top priorities when investing in Portugal, must be seeking tax advice at the early stages. This will make all the difference in enjoying your retirement or otherwise your life in Portugal, with the assurance of not having any unpleasant surprises later.

AFC can be your right arm during this process, whether you are investing in property, something else, or simply retiring. Our tax

advisors will analyse your specific case, considering your country of residence, the location of your assets, your nationality, your family links, and your aim when you decide to invest in Portugal.

Portugal has double taxation treaties in place with several countries to prevent expats from being taxed twice on the same income. This treaty ensures that residents in Portugal who still pay taxes abroad can avoid double taxation, providing further reassurance to investors seeking to establish roots in Portugal without financial burdens.

IMT: Property Purchase Tax

One of the pivotal taxes to consider when delving into an investment is the Property Purchase Tax (IMT) which is levied on real estate acquisitions in Portugal. This tax, which fluctuates from 0% to 8% hinges on factors such as the property's location

and purchase price. While Stamp Duty serves as an additional consideration, it imposes a lower rate at 0.8% compared to some other countries, further enhancing Portugal's appeal to investors.

For construction plots and urban non-habitual properties, regardless of the purchase price a flat rate of 6.5% applies. For rustic land, 5% Property Purchase Tax (IMT) rate applies.

When buying the shares of a foreign company, Property Purchase Tax (IMT) does not apply.

IMI: Annual Property Tax

Municipal Property Tax (IMI) is an annual levy based on the property's Municipality. Ranging typically from 0.3% to 0.45% of its tax value, IMI may vary depending on location and property type. In the Loulé Municipality the current tax is at 0.3%.

AIMI: Additional Municipal Tax

Portugal's Additional Property Tax, known as AIMI, targets properties valued above €600,000, with exemptions available for jointly owned properties up to €1.2 million. Notably, Portugal stands distinctively by not imposing inheritance or wealth taxes, streamlining wealth preservation and succession planning for investors.

Migrate your Company to Portugal

It is likely that you may come across the home of your dreams in Portugal, and that it is in a company’s name, often registered in a different jurisdiction than Portugal. This is only one more case that requires AFC expertise to overcome with success the tax aspects of the transaction, minimizing tax impacts and giving you peace of mind to enjoy living in Portugal.

Portugal is indeed a very attractive country in which to invest in. Foreign companies are now starting to consider continuing their activities in Portugal, especially those that own real estate properties in this country.

Migrating a company means transferring its legal seat and place of effective management to Portugal. Being deemed as resident for tax purposes in Portugal, the taxable capital gains derived from the sale of the real estate held by the company, would be assessed according to the Corporate Income Tax rules and charged at a 21% rate. The company may also be subject to state and municipal surtaxes. A state surtax will apply to taxable profits exceeding EUR 1,500,000, at a rate ranging between 3% (profits over EUR 1,500,000 and up to EUR 7,500,000), 5% (profits over EUR 7,500,000 and up to EUR 35,000,000) or 9% (profits exceeding EUR 35,000,000). The

One of your top priorities when investing in Portugal, must be seeking tax advice at the early stages.

municipal surtax shall be levied at a rate of up to 1.5%, depending on the municipality in which the company is based.

The taxable capital gains, if any, will correspond to the value resulting from the difference between the proceeds from the disposal and the acquisition cost of the immovable property.

According to the Portuguese corporate income tax code, by

moving the company’s residence to Portugal, the acquisition cost of the assets held by the Company at the time of the migration may correspond, for tax purposes, to their net book value (reflected in the company’s accounts) or market value (for a migration from within the EU).

In this regard, the company may potentially benefit from a step up on the acquisition cost of the Portuguese real estate, depending on the book value accounted for before the Company’s migration (if higher than the cost of acquisition of the plot of land and subsequent developments/improvements).

The value established as the “acquisition cost” cannot exceed the property’s Fair Market Value at the time of the migration and must be properly supported.

The use of the net book value to establish the tax acquisition cost of assets of companies that migrate into Portugal is a recent rule. There is no case law or known position of the tax authorities regarding how it should be applied.

In cases where the property holding company was domiciled in a black-listed jurisdiction, the aggravated rates now also apply to companies that are dominated or controlled, directly or indirectly, by an entity registered in the said jurisdictions.

of the gain. The assessment of the applicable tax rate (up to 53%) will be made taking into account the seller’s world-wide income.

For a foreign company, the CGT upon direct disposal of real estate properties is levied at a flat rate of 25%.

From a Personal Income Tax perspective, it is also worth noting that, for Portuguese tax residents, total/partial exemption on the capital gains arising from the sale of the main residence may be tax exempt, should the proceeds –and not the gains – be invested within 36 months in the purchase of the new main abode, either within Portugal or in another European Union jurisdiction.

Due to the importance of the this regime, and considering it is still somewhat recent – applicable from the 1st of January, 2023, onwards – it is worth remembering that Portuguese tax residents’ short term capital gains - securities held for less than 365 days - will be subject to the progressive tax rates in case a taxpayers’ total taxable income – including the short term capital gains – is equal to the last tax brackets’ maximum amount.

Incentives for Scientific Research, Innovation and Higher Education and the End of NonHabitual Residence

investments and capital transfer investments no longer qualified. Under the current Golden Visa scheme, there are relatively affordable investment options to choose from ranging from cultural and artistic donations, investment funds and business set-up. Minimum investment requirements start from €250,000.

Local Lodging and Rental Activities

Due to a recent legislation change, the pursuit of new local lodging activities is now more restricted.

However, to provide more stability to the housing market, an exemption on income tax – both from a corporate and personal perspective – was established for properties that, among other requirements:

• Were duly registered and allocated to local lodging activities until December the 31st, 2022; and

• Are allocated to long term housing rental until December the 31st, 2024.

Portugal is indeed a very attractive country in which to invest in.

Capital Gains Tax

Capital gains from the sale of a property by a non-resident in Portugal will only be taxed on 5O%

Despite the conclusion of the NonHabitual Resident (NHR) tax regime in 2024, a fresh incentive now takes aim at scientific research, innovation, and higher education. Qualified individuals can reap the benefits of a 20% flat tax rate on relevant income for a decade, providing added allure for skilled professionals and entrepreneurs to relocate to Portugal.

Golden Visa

Changes were made to the Golden Visa scheme in October 2023 whereby real estate

In addition, regarding the personal income tax – and with the stabilization of the housing market in mind - the general tax rate applicable to long term housing rentals has dropped from 28% to 25%. Tax residents maintain the possibility of applying the marginal tax rates.

If you are seeking expert guidance in navigating the intricacies of Portuguese tax law, AFC stands ready for trusted fiscal representation and tax consultancy in Quinta do Lago, Algarve.

GRAND DESIGNS

Established in 2018 and located in Almancil, Sofia Sardo by Design is a full-service interior design agency, founded by Sofia Sardo, a Lisbonborn designer raised in South Africa and living in the Algarve.

Drawing inspiration from her multi-disciplinary studies, colourful upbringing, experiences and deep-routed passion for design, Sofia set out to create an interior design agency in the Algarve with the core values of authenticity, culture and a devotion for creating bespoke interiors that resonate with the ideals and lifestyles of her esteemed clientele.

Sofia’s design philosophy revolves around the idea that good interior design should ultimately create connection between aesthetics, functionality and client needs. Making each space reflect who her clients are while maintaining design cohesion and harmony is key to the success of Sofia Sardo by Design.

Catering to clients with properties located within the Golden Triangle and Lisbon, we recognise the importance of creating interior design solutions to not only look good but also boost your seasonal rental’s income, maximise your investment property’s ROI and ultimately design with longevity in mind. Understanding that each property possesses its own distinct character and potential is what sets us apart and has driven our design process into what it is today. We understand the importance of your investment and strive to make the process as seamless and rewarding as possible.

From initial conceptualization to installation, our priority is authentic design, quality craftsmanship, and meticulous project management to ensure expectations are exceeded.

As seasoned professionals, we collaborate closely with our clients to curate project visions and goals. Not only does this effortless flow and exchange of information form the basis of our project starting point but it creates strong bonds between the team and our clientele, some so strong it has resulted in repeat customer projects.

Our method of pairing client briefs with the right tradespeople, quality artisans, local suppliers and using the best possible materials to meet budgets, deadlines and aesthetic expectations has led to our success.

We pride ourselves on our diverse skillset and offering, as a full-service design agency we offer a number of services from 3D creative rendering, bespoke furniture design and concept management to manufacturing, renovations, home staging and installations. Our comprehensive range of services and dedicated project management are tailored to suit the brief and ultimately the end goal of our clients.

Our combined efforts and experience over the years have seen us through some fulfilling residential and commercial project executions in Vilamoura, Vale do Lobo, Quinta do Lago, Lisbon and Faro to name a few.

From bespoke furniture design and manufacture for luxury vilas to full turnkey operations and large-scale hospitality renovations, we have executed many projects to suit varied tastes and requirements.

Investing in property within highly sought-after areas within the Golden triangle and Lisbon entails a significant commitment and finding a tried-and-trusted interior designer with a proven track record of successful executions is equally important.

Our promise to all clients who choose to collaborate with us is to gently and responsibly guide and progress the project process while providing the best level of customer service though our collective expertise, while remaining true to our design roots and honouring the ultimate vision and goal for the project at hand.

Making each space reflect who her clients are while maintaining design cohesion and harmony is key to the success of Sofia Sardo by Design.

We welcome you to join us as we successfully execute projects and evolve on our design journey as an agency. For more insight into our work, the team and day-today activities, follow us via the social handles below and our website.

Instagram - @sofia_sardo_by_design Website – www.sofiasardo.com

Let us take the stress out of securing interior designer so you can focus on enjoying the benefits of your investment. Get in touch with us today to discuss how we can bring your vision to life. info@sofiasardo.com

PERFECT PLANNING

Embarking on the homeownership journey, a dream for many, necessitates a robust financial foundation. At Blacktower Financial Management, we specialise in crafting tailored financial plans that serve as the bedrock of your path to acquiring your dream property. This is more than just about saving; it's about strategically accumulating wealth, in line with your aspirations for homeownership or property investment, providing you with a sense of security and confidence.

Tailored Strategies for Homeownership

Our approach is not just personalised; it's deeply so. We delve into your unique financial landscape, crafting strategies aligning with your aspirations. From effective savings mechanisms to investment opportunities, we ensure every financial move is a step closer to the doorstep of your dream home, making you feel understood and valued.

Expert Guidance Through Financial Landscapes

Our financial advisors are your companions in navigating the complex pathways of finance. They simplify the intricacies of mortgages, taxes, and investment, making the process of achieving mortgage readiness as smooth as possible. This guidance is pivotal in securing favourable loan terms and optimising investment returns, laying a strong financial foundation for your property purchase.

From Vision to Reality: The Journey to Your Dream Home

Blacktower is your steadfast companion from the initial planning phases to the moment you unlock the door to your new home. Our comprehensive support spans every financial aspect of the buying process, ensuring you're fully prepared for the financial commitments of homeownership. This level of support and guidance is designed to make you feel secure and confident in your decision.

Achieving Long-Term Security

Beyond the purchase, our strategic financial planning aims to secure your future, ensuring your new home remains a source of joy and stability. We consider the long-term financial health of our clients, advising on protective measures like insurance and estate planning to safeguard your property investment.

By interweaving detailed financial planning with your property goals, Blacktower turns the aspiration of owning your perfect home into a tangible achievement. Our client-focused approach ensures that the foundation of your property dreams is built on comprehensive, strategic financial planning, promising a future where your dream home is not just a vision but a reality.

For more information on how we can help you plan for your future, contact us on:

+351 289 355 685 info@blacktowerfm.com www.blacktowerfm.com

A GASTRONOMIC JOURNEY

As the sun sets over the picturesque Ria Formosa, a symphony of flavours awakens the senses, inviting locals and foreigners alike to indulge in the culinary treasures that the Golden Triangle has to offer.

The area boasts a dynamic and vibrant dining scene that rivals some of the most renowned culinary destinations in Southen Europe, offering a tantalizing array of international cuisines, exquisite wines and fresh seafood harvested from the Atlantic Ocean and Ria Formosa.

For the discerning food enthusiast, the area is a paradise waiting to be explored. There is an impressive selection of restaurants, each offering a unique dining experience that celebrates the rich tapestry of Portuguese and international gastronomy. From quaint family-owned bistros to upscale fine dining establishments, this unique area of the Algarve caters to every palate, ensuring that each meal is a memorable culinary journey.

One of the hallmarks of dining out is the exceptional quality of international cuisine available in the area. Influenced by centuries of trade and cultural exchange, the restaurants showcase a fusion of flavours from around the globe, expertly crafted by talented chefs who are passionate about their craft. Whether it's savoury Italian pasta, aromatic Indian curries, or succulent Japanese sushi, diners can expect nothing but the highest standards of culinary excellence.

No culinary exploration would be complete without indulging in the exquisite wines produced in Portugal. Renowned for its viniculture heritage, Portugal boasts a diverse range of grape varietals that thrive in the region's unique terroir. From crisp Vinho Verde to full-bodied Douro reds, the wines of Portugal perfectly complement the rich tapestry of flavours found in restaurants, elevating the dining experience to new heights.

Of course, no visit to the Golden Triangle would be complete without savouring the fresh seafood sourced from the Atlantic Ocean and nearby Ria Formosa. The area’s proximity to the coast ensures that diners can enjoy an abundance of seafood delicacies, from plump oysters and succulent prawns to tender octopus and flaky sea bass. The beach restaurants that line the pristine shores offer a truly unforgettable dining experience, where guests can dine al fresco while savoring the freshest seafood and enjoying breathtaking views of the ocean.

What sets this area apart from other culinary destinations is not just the quality of its restaurants, but also the warmth and hospitality of its people.

Whether you're dining in a Michelin-starred restaurant or enjoying a casual meal at a beachside café, you'll be greeted with a genuine smile and treated like family. It's this sense of hospitality that truly sets it apart, making every dining experience memorable.

The Golden Triangle is a culinary gem waiting to be discovered by food enthusiasts from around the world. With its diverse selection of international cuisine, exquisite wines, and fresh seafood, the area offers a dining experience like no other. Whether you're a seasoned gourmet or a curious traveler, don’t hesitate to make a reservation and indulge in the culinary delights and discover the true essence of Portuguese gastronomy. Bom proveito!

Discover the Top 10 Restaurants!

Join us as we unveil the top 10 restaurants that promise to redefine your notion of dining pleasure. Within the vibrant culinary landscape, these establishments have been carefully chosen for their exceptional quality and dedication to the art of upscale dining. From seaside venues showcasing the freshest seafood to esteemed establishments boasting Michelin-starred menus, each restaurant on this list promises an unforgettable dining experience with your loved ones.

Prepare

to embark on a gastronomic journey that celebrates the diversity and richness of the dynamic local culinary scene. Whether you prefer classic comfort dishes or innovative creations, these restaurants offer a culinary tapestry that caters to discerning palates.

Life's beauty is magnified when we gather around the table with loved ones, sharing not just a meal, but also laughter, stories and genuine connection. These moments become the highlight reel of our lives, etched with the warmth of companionship and the comfort of being surrounded by those who matter most. So let's relish these shared moments, for they are the true essence of a life well-lived.

Brava

Located in the heart of Almancil, Brava beckons with its vibrant ambiance and exquisite cuisine. Specializing in petiscos-style dishes, Brava offers a tantalizing array of meat, fish and vegetarian options. From succulent meats to fresh seafood and inventive vegetarian fare, the menu caters to every palate with finesse. What truly sets Brava apart is its personalized service, where every guest is treated like family from the moment they step through the door. The attentive staff are always on hand to offer recommendations and ensure a memorable dining experience.

As conversations flow and plates are savored, Brava becomes more than just a restaurant - it's a destination where memories are made and cherished. In a world where culinary experiences often blur into the mundane, Brava stands as a beacon of excellence, inviting guests to indulge in the art of gastronomy. So, the next time you find yourself in Almancil, be sure to visit Brava and immerse yourself in a culinary haven that delights the senses and nourishes the soul.

Price range: €€

Where: Almancil

Address: No. 26, Estrada de Vale de Eguas, 8135-033, Almancil

Website: www.restaurantebrava.pt

Dois Passos and 3 Moços Bar

With a history spanning over three decades and evolving through various eras, Restaurant 2 Passos, seamlessly integrates with the surrounding nature. Joaquim and his dedicated staff are committed to ensuring an exceptional dining experience for every guest. With a focus on serving the freshest seafood amidst the breathtaking backdrop of Praia da Ancão, I invite you to savor the flavors of the ocean while soaking in the stunning vistas of Ria Formosa. They have an extensive wine list featuring a broad selection of Portugal's finest wines, perfectly complementing your meal.

Located on the shores of Praia do Ançao, 3 Moços Bar, exudes laid-back charm as the ultimate beachside retreat. With its eclectic atmosphere, groovy tunes, and unbeatable views, it's the perfect spot to unwind and soak in the vibrant Algarve sunset. Whether you're sipping on a refreshing cocktail or simply enjoying the company of friends, 3 Mocos promises an unforgettable experience where relaxation meets coastal cool.

Price range: €€€

Where: Praia do Ançao

Address: Praia do Ançao, 3404, 8125-905

Website: www.restaurante2passos.com

Sr Frangos

Established in 1992 and boasting the esteemed title of Best Grilled Chicken in the World Award in 1988, Sr Frangos in Almancil invites you to immerse yourself in the irresistible delights of Portuguese cuisine. Their signature dish showcases succulent chicken, expertly marinated in a spicy and flavorful Piri Piri sauce, then grilled to perfection. With each tender bite, you'll embark on a culinary journey, encountering a symphony of flavors that will leave you yearning for more.

Led by Silva Guerreiro and his team of dedicated professionals, Sr Frangos offers a welcoming and vibrant atmosphere, perfect for indulging in this iconic Portuguese dish. Whether you're a local resident or a visitor to Almancil, their restaurant promises an unforgettable dining experience, where tradition meets innovation.

But the pleasures of Sr Frangos extend beyond its acclaimed grilled chicken. Prepare to be amazed by their phenomenal selection of Portuguese and international wines and champagnes. Whether you're celebrating a special occasion or simply craving a memorable regional meal, Sr Frangos is a must.

Price range: €€

Where: Almancil

Address: Rua Manuel Viegas Guerreiro, 8135-016, Almancil

Website: www.srfrango.com

Alambique

Situated amidst serene landscaped gardens, Alambique embodies the essence of a cherished family-owned gem. Here, hospitality is not just a tradition but a way of life, as their dedicated team ensures every guest feels like a part of their extended family. Indulge in meticulously crafted traditional Portuguese meat and fish dishes, showcasing the finest ingredients and culinary expertise passed down through generations.

With a thoughtfully curated selection of Portuguese wines to complement your meal, every visit to Alambique is a celebration of tradition, quality, and unforgettable moments shared with loved ones.

Price range: €€

Where: Dunas Douradas & Garrão roundabout

Address: Sitio do Corgo da Zorra, 8135, Almancil

Website: www.alambique.net

Izzy’s Restaurant

Izzy's is renowned for its distinctive blend of relaxed ambiance, exceptional cuisine, and warm hospitality. Nestled along the Garrao beach, boasting breathtaking panoramic vistas of the Atlantic Ocean, Rory O'Shea, and his dedicated team guarantee an unforgettable experience perfectly complementing the stunning locale.

Whether you join for lunch or dinner, indulge in an array of quality seafood and meat dishes that will tantalize your taste buds. Alternatively, unwind with your feet in the sand and enjoy a cocktail in their beach lounge, either way the true essence of Izzy's awaits. Revel in live music performances every Saturday and Sunday afternoon, adding a touch of magic to your weekend retreat.

Price range: €€

Where: Praia do Garrâo

Address: Praia do Garrâo, Avenida Oceano, 8135-170, Almancil

Website: www.izzysbeachrestaurant.com

Izzy's is renowned for its distinctive blend of relaxed ambiance, exceptional cuisine, and warm hospitality.

Above and below: Izzy’s Restaurant, Praia do Garrâo.

Gusto by Heinz Beck is more than just a restaurant; it's a destination for culinary aficionados seeking a transcendent dining experience.

Gusto

Gusto by Heinz Beck at the Conrad Hotel in Quinta Do Lago stands as a beacon of culinary excellence, inviting patrons to embark on a gastronomic journey crafted by one of Europe's most revered Michelin-starred chefs. Heinz Beck's innovative approach to cuisine is showcased through meticulously curated seven and nine-course tasting menus, each a testament to his unparalleled expertise and creativity.

Gusto offers more than just exceptional food, it provides an immersive dining experience where guests have the option to witness the culinary magic firsthand with an open kitchen layout, infusing the ambiance with energy and excitement. For those seeking al fresco dining, the terrace offers picturesque views of the pool, providing the perfect backdrop for indulgence.

At the heart of Gusto's allure lies its menu, meticulously crafted to celebrate the finest Portuguese and international ingredients. Beck's Mediterranean-inspired creations elevate familiar flavours to new heights, ensuring each dish is a harmonious symphony of taste and texture. To complement the culinary journey, an extensive wine list featuring both global and Portuguese selections ensures the perfect pairing for every palate.

Above and below: Gusto, Quinta do Lago.

For those seeking a pre- or post-dinner libation, the Gusto Bar stands ready to delight. Boasting an array of champagnes, premium spirits, and expertly crafted cocktails, it promises a sensory experience like no other. Each concoction, infused with the freshest spices and fruits, tells its own story, adding another layer of sophistication to an already remarkable evening.

Gusto by Heinz Beck is more than just a restaurant; it's a destination for culinary aficionados seeking a transcendent dining experience. From the innovative menus to the vibrant ambiance, every aspect is a testament to Heinz Beck's culinary mastery. Whether indulging in a tasting menu or savoring a cocktail at the bar, guests are sure to leave Gusto with memories of a truly unforgettable dining experience.

Price range: €€€

Where: Conrad Algarve

Address: Estrada da Quinta do Lago, 8135-162, Almancil Website: www.hilton.com

Paixa

Paixa offers an eclectic, contemporary space that transforms magically after dark. Its ambiance exudes discreet luxury, complemented by landscaped gardens and captivating sculptures. Culinary innovation takes center stage with a dynamic tapas menu featuring impeccably sourced seafood and succulent meat dishes. Ethical sourcing and sustainability are paramount, ensuring every ingredient is chosen with care.

The experience transcends mere dining, inviting patrons on a journey of sensory delight. Here, art, nature and gastronomy intertwine seamlessly, creating a haven for the discerning palate. With a commitment to conscious dining, it's a modern culinary destination where every bite is a celebration. We invite you to a realm where culinary excellence meets artistic inspiration.

Price range: €€

Where: Quadradinhos

Address: Lote 52, Quadradinhos, Vale do Lobo, 8135-034

Website: www.paixarestaurante.com

Casa Velha promises an unforgettable dining experience that will leave you longing to return time and time again.

Casa Velha stands as a testament to Quinta do Lago's rich history, tracing its roots back to its inception as the first cuisine restaurant in the area. Over the years, this cherished establishment, fondly referred to as 'This Old House,' has remained unwavering in its commitment to delivering exceptional dining experiences.

Step into Casa Velha and be transported to a world where time-honored recipes and fresh, locally sourced ingredients converge to create culinary masterpieces. Here, friends and family gather around the table to share in the warmth of traditional dishes, each bite a testament to the region's rich cultural heritage.

Experience the rhythm of life in the Algarve with an alfresco dinner on Casa Velha's terrace, surrounded by the sweet fragrance of blossoming lemon trees. As the sun sets over the orchard, diners are enveloped in an ambiance that is both tranquil and enchanting, a perfect setting for creating lasting memories.

Casa Velha is more than just a restaurant, it is a celebration of the stories and traditions that define the Algarve's culinary identity. With every dish served, Casa Velha pays homage to the artisans, farmers and fishermen who have shaped the region's gastronomic landscape.

As Casa Velha embarks on a new chapter in its storied history, we invite you to partake in the culinary delights that await. Whether you are a seasoned epicurean or a curious newcomer, Casa Velha promises an unforgettable dining experience that will leave you longing to return time and time again.

Price range: €€€

Where: Quinta do Lago

Address: Rua Formosa, Estrada da Quinta do Lago, 8135-024

Website: www.quintadolago.com

Casa Velha

Located alongside the lake in Quinta do Lago, Casa do Lago beckons diners to indulge in a culinary journey infused with the freshest seafood delights and seasonal ingredients. The tranquil ambiance is enhanced by the mesmerizing sight of the azure waters, where local seabirds gracefully glide and pedalo riders leisurely drift.

Step inside the restaurant, where the dining room exudes maritime elegance, adorned with tasteful nautical decor that sets the stage for unforgettable dining experiences. Whether it's a romantic dinner for two or a lavish celebration, Casa do Lago offers a versatile space that can be elegantly transformed to suit any occasion. Beyond the picturesque lake, the panoramic view extends to the majestic Ria Formosa and the vast expanse of the Atlantic Ocean, creating a breathtaking backdrop that elevates every moment spent at the restaurant. So, sip on a refreshing cocktail, relish the exquisite flavours on your plate and let Casa do Lago envelop you in its coastal charm, inviting you to unwind, relax and savor the beauty of its stunning lakeside setting.

Price range: €€€

Where: Quinta do Lago

Address: Roundabout 6, Avenida Ayrton Senna de Silva, Quinta do Lago, 8135-024

Website: www.quintadolago.com

Austa is more than just a place to eat and drink - it's a haven for honest living and genuine connections. With a deep-rooted commitment to authentic experiences and mindful consumption, Austa offers a gastronomic journey that celebrates the land and its bountiful offerings.

At Austa, the menu is a reflection of nature's rhythm, evolving with each crop and catch. Guided by a reverence for origin and a passion for purity, they craft plates that are as nourishing as they are delightful. And as a testament to their commitment to self-sufficiency, their kitchen delights in the daily harvest from their very own vegetable garden.

Austa is not just a restaurant, coffee shop, or kitchen - it's a vibrant community united by a common love for honest eating, thoughtful living, and the boundless beauty of the land.

Price range: €€

Where: Almancil

Address: Rua Cristovão Pires Norte, Almancil Website: www.austa.pt

Above: Austa, Almancil.

Casa do Lago

Austa

THE PERFECT DRIVE

For the first time since the launch of Bentayga in 2015, an ‘S’ model is now available with striking design cues and unique detailing on the latest version of Bentley’s benchmark, go-anywhere luxury SUV.

Inside a luxuriously refined cabin, a unique Bentayga ‘S’ style can be found using new seats, unique stitching, a new colour split and Alcantara® to reflect the striking exterior.

The new enhanced sports Bentayga provides an even more engaging drive, with Bentley Dynamic Ride active anti-roll control fitted as standard and an enhanced Sports chassis mode. A 15 per cent increase in damping stiffens the chassis and provides a platform for a more dynamic SPORT mode ESC tune. Together with a revised visual presence through the distinctive addition of black details, and a more sporting soundtrack courtesy of a newly designed, free-flowing sports exhaust, increases the already imposing presence of the Bentayga ‘S’ on the road.

The Bentayga ‘S’ is distinguished by a range of distinctive exterior features, including new unique 22” wheels with three finishes, innovative ‘S’ badges positioned on the lower edge of the front doors, and Blackline Specification as standard. The profile has increased presence due to the larger rear spoiler, gloss black

side sills and lower bumpers, front and rear. Dark tint lenses to head lamps and tail lamps, black door mirrors and black split oval tailpipes complete the striking exterior.

Inside a luxuriously refined cabin, a unique Bentayga ‘S’ style can be found using new seats, unique stitching, a new colour split and Alcantara® to reflect the striking exterior and increased dynamic ability. Colour accents on the instrument panel, centre console, door pads and seat bolsters as well as Alcantara® to seat cushion and back inserts, steering wheel and gear lever, give the Bentayga ‘S’ a bold and contemporary style. ‘S’ badges can be found on the passenger fascia as well as new graphics in the driver’s instrument panel and illuminated treadplates, denoting the model.

The Bentayga S features Bentley’s renowned 4.0-litre, twin-scroll turbocharged V8 petrol engine, combining immense power with impressive fuel economy. The latest-generation engine develops 542 bhp (550 PS) and 568 lb.ft. (770 Nm) of torque, with a 0-60 mph (0–100 km/h) time of 4.4 (4.5) seconds and a top speed of 180 mph (290 km/h). This class-leading performance is complemented by a range of 406 miles (654 km), with CO2 emissions of 294 g/km.

www.bentleymotors.com

THE RIA FORMOSA

The Ria Formosa’s must-see incredible wildlife and natural surroundings.

What is the Ria Formosa?

The Ria Formosa Natural Park is a lagoon on the glorious shores of the Algarve coastline. It’s one of the Seven Natural Wonders of Portugal, due to its ever-changing features and epic location and is included in the wetlands of worldwide interest.

It stretches for 60 kms along the coastline from Vila Real de Santo Antonio to the Anção beach close to Quinta do Lago and Vale do Lobo, and passes through Faro, Olhao and Tavira. All along its course there are distinctive features which are well worth discovering.

The navigability of its channels is possible, but should only be attempted by the experienced, due to its continuously changing shape and depth due to the winds, tides and currents. The locals however know the natural signs and are experts in weaving their way through it. The lagoon falls entirely into the ‘Sotavento’ part of the Algarve. The Algarve is divided into two areas, characterised by their prevailing winds, - the ‘Sotavento’ and the ‘Barlavento’ which divides east from west and creates a microclimate of the warmer waters the further you go east.

The Ria Formosa has an area of approximately 18,000 hectares with six navigable channels, two peninsulas and five small islands. The marshy land and its mixture of fresh and salty water gives it character creating habitat for numerous species of fish, crustaceans and plant life. The beautiful islands of Culatra, Armona, Tavira, and Cabanas have crystal clear warm waters, and are one of Southern Europe’s

Top: Fuseta. Above: Quinta do Lago and Olhao.

best kept secrets. For a long lunch or relaxing day on the beach with your family, get a water taxi from Faro or charter a motorboat from the Vilamoura marina.

Along its course is also the picturesque town of Tavira and further east the 17th century fort of Cacela Velha. Add to this the beautiful flora and fauna of the Ria, we have many points of interest for all tastes. The Ria is at its widest in Faro where it is approx., six kilometres wide, and narrows out on each side to a couple of hundred metres.

Incredible Wildlife at the Ria Formosa

The unique lagoon of Ria Formosa is home to an astounding amount of biodiversity including many endangered species and wildlife. With over 250 species of birds, 15 species of reptiles and 11 amphibians, plus a handful of endangered species, it’s a special place to visit.

On your marks, twitchers! Ria Formosa attracts bird watchers from around the world, especially because the lagoon acts as a muchneeded stopover for many migratory birds. Vital for resident birds too, Ria Formosa lagoon is part of the Natura 2000 Network, a system of core breeding and resting sites for both threatened and rare species. It’s also been designated as an "Important Bird Area'' (IBA).

Due to the saltwater and freshwater areas various bird species survive in different locations. The unique habitat is essential for aquatic birds and waders. Expect to experience everything from Ducks, Shovelers, Widgeon, Teal, and Pochards. Frequently visiting waders include Curlew, Dunlin and Bar-tailed Godwits!

The beautiful islands of Culatra, Armona, Tavira, and Cabanas have crystal clear warm waters, and are one of Southern Europe’s best kept secrets.

Notoriously the most famous beaked friends at Ria Formosa are the Greater Flamingos. These bright beasts can be seen throughout the year. But they’re easiest to spot from August to March, especially if you stay in Quinta do Lago and neighbouring areas. Among other wildlife, the Ria Formosa is most famous for its avian attractions, so you’d better bring your binoculars and your bird guides!

The Ria Formosa lagoon is also home to many fishes, shellfish and marine life. While the lagoon is protected from the ocean, it’s a tidal body of water, so many marine creatures start their life in the safety of shallow lagoon waters, before venturing into the big blue. You will often see the locals searching for shellfish and clams - over 300 species of molluscs are hiding in these waters. From time to time, you may be lucky to spot European pond turtles, Loggerhead sea turtles and Atlantic sturgeons.

For those conservation enthusiasts among us, you’ll be intrigued to hear Ria Formosa is home to endangered Seahorse species (no thanks to the Loggerheads and local Octopus)! The Mediterranean Chameleon is another endangered species which lives in the Ria Formosa and cannot be found anywhere else in the world. Originally

Above: Armona Island.

chameleons were brought by locals who were working as fisherman in the south of Spain and Morocco in the 1920’s, you can find them nestled in and around the pine groves and islands found along the lagoon.

Some of the animals which can be spotted from time to time are badgers, foxes, lizards, frogs and otters. Most of the time these animals are hidden, as they are by nature not roaming around. The presence of humans also restricts their daytime movement.

The Portuguese Water Dog is an energetic, affectionate and trustworthy breed native to the Algarve. Some of you may remember, Bo, the male Portuguese Water Dog which was gift to President Barak Obama and his family. Portuguese Water Dogs were threatened with extinction some decades ago, but they have now recovered in numbers.

There is so much to discover in this protected area, walking or cycling through the predefined routes will give a close and natural feel of the park. Another suggestion would be a guided boat trip, kayak or stand-up paddle excursion.

Love for human beings and the planet is a value of Sardo Luxury Real Estate and having described one of the most beautiful places in the world it would be unfair not to relate the dangers we humans have on the area. Over the years we have occupied vast areas of the planet to our benefit and most of the time without regard for the damage we are inflicting on the habitat. This area is a protected area, originally a Natural reserve, and in 1987 the government instated a law making it a natural park. This was further reinforced by the European union directive 79/409/UE.

Notoriously the most famous beaked friends at Ria Formosa are the Greater Flamingos. These bright beasts can be seen throughout the year.

However, the greed of man is constantly trying to bend the laws to our benefit and the laws remain on paper and seldom followed.

The Ria Formosa is no different and the pressure of real estate projects and developments constantly threatens it. Many laws have been passed and the ordinance plan of the park – Plano de Ordenamento da Ria Formosa – and fortunately, has extreme restrictions on what can be built in the area. Recent laws states that nothing new is allowed to be built within 500m of the coastline, anywhere in Portugal. In the Ria Formosa in the past, many buildings were built on the small islands mentioned before. This is no longer allowed and where possible structures have been removed, although legal implications restrict how much can be done.

Pollution of the waters by untreated effluent has improved dramatically over the years, but was a problem not so long ago, restrictions on the amount of fishing, hunting, and indiscriminate fish farms, has had to be stopped, to protect the fauna of the Ria Formosa. Much of what can be done, can be controlled by the locals and each visitor to the park, and avoiding pollution, respecting the flora and fauna of the park is a perfect way of being able to share the wonders of the park with its all of us.

Come and Visit the Ria Formosa

Celebrate the Ria Formosa, it’s open and beautiful all year around. From the beautiful birds to the magical marine life, there is so much to see and do! Immerse yourself in the natural beauty and discover the joy of experiencing the wonderful wildlife for yourself.

TEE TIME

The epitome of golfing excellence.

In the heart of the region lies a trio of golfing havens that epitomize the pinnacle of excellence in the sport: Quinta do Lago, Pinheiros Altos, and Vale do Lobo. These esteemed courses are renowned worldwide for their impeccable design and breathtaking landscapes and have established themselves as leading destinations for golf aficionados seeking an unparalleled playing experience.

QUINTA DO LAGO

With its three championship courses – North, South & Laranjal –stands as a testament to the artistry of golf course architecture. These courses seamlessly blend into the natural surroundings, offering players a challenging yet rewarding journey through undulating terrain and pristine fairways.

Quinta do Lago’s commitment to maintaining the highest standards of course maintenance, service and sustainability practices, ensure that every visit is met with the utmost satisfaction and admiration from players and industry experts alike.

North Course

The North Course underwent a complete transformation in 2014, helmed by acclaimed architect Beau Welling in collaboration with former European Ryder Cup captain Paul McGinley. This extensive renovation, backed by a €9 million investment, resulted in a course built to the most exacting standards.

Every aspect of the course was overhauled, from the greens and tees to the bunkers, irrigation systems, and cart paths, employing cutting-edge technology throughout. To cater to golfers of all skill levels, each hole now offers four sets of tees. The redesigned layout presents a formidable challenge, with undulating greens, strategically placed bunkers, and water hazards adding to the test of skill and strategy for players.

Contact details:

Tel. +351 289 396 141

Email: reservations@quintadolagogolf.com

South Course

The South Course is a renowned golf course favored by European Tour professionals. Situated within the picturesque Ria Formosa Natural Park, the course offers a breathtaking backdrop for players. Following an extensive renovation in 2020 at a cost of €7 million, it has garnered even more acclaim for its beauty and challenge.

This par-72 layout is consistently recognized by Golf World magazine, often earning a place in the prestigious ‘Top 100 Golf Courses in Europe’ list. Golf enthusiasts praise the course for its strategic placement of hazards and the varying levels of difficulty presented across its 18 holes.

Notably, the South Course has hosted the Portuguese Open on eight separate occasions, cementing its status as one of Portugal’s premier golfing destinations. Whether for professionals or enthusiasts, the South Course offers a memorable and rewarding golfing experience amidst stunning natural surroundings.

The Paul McGinley Academy

Established in 2011 under the guidance of Paul McGinley, the captain of the triumphant 2014 Ryder Cup team, The Paul McGinley Academy is dedicated to honing golfers’ skills by imparting the strategies and methodologies utilized by elite professionals on the tour.

Contact details:

Tel. +351 289 396 141

Email: reservations@quintadolagogolf.com

Quinta do Lago South Course.

Left:

Laranjal Course

The Laranjal Course opened in 2008 and was designed by Jorge Santana da Silva. It has garnered significant recognition, including being named Portugal’s Best Golf Course in 2011 at the Portuguese Travel Awards.

Situated amidst an orange grove, the par-72 course offers a serene and picturesque setting for golf enthusiasts. Its fairways are sown with Bermuda grass, adding to the challenge and beauty of the course. Measuring 6,480 meters in length, Laranjal presents a formidable challenge to players of all skill levels, demanding high levels of concentration and accuracy.

One of the standout features of Laranjal is its distinctive rolling terrain, expertly crafted and manicured to provide a world-class golfing experience. Whether navigating through the fairways or tackling the greens, players are treated to a challenging yet rewarding golfing experience set against the backdrop of the lush Portuguese landscape.

Overall, the Laranjal Course promises a pure golfing experience, blending natural beauty with a meticulously designed layout, making it a must-visit destination for players seeking a memorable and challenging round of golf.

Contact details:

Tel. +351 289 390 700 Email: reservations@quintadolagogolf.com

Top left: Laranjal Course. Above and top right: Golf in Vale do Lobo.

VALE DO LOBO

The courses are renowned worldwide for their iconic holes and picturesque vistas.

Vale do Lobo stands as one of the Algarve’s pioneering golf resorts, conceived by Sir Henry Cotton in the 1960s. His initial 18hole course design was later divided, giving rise to the two distinct courses known today as the Ocean and Royal.

Whether you’re a seasoned golfer or just starting out, the two 18-hole championship courses, the Ocean and Royal Courses, provide challenges and views that are second to none.

Nestled within the beautiful landscape of Vale do Lobo, the courses are renowned worldwide for their iconic holes and picturesque vistas.

Whether you’re teeing off against the backdrop of the Atlantic Ocean or navigating through the lush greenery of the resort, every round promises an unforgettable experience.

Ocean Golf Course

The Ocean course is renowned for its stunning oceanside holes, which stand out as the course’s highlights and are sure to be the ones you’ll remember the most. This course offers a proximity to the ocean unmatched by any other in the Algarve, drawing players closer to the sea’s edge. Particularly noteworthy is the stunning par three 15th hole, stretching 192 metres from the back tee, a worthy competitor to the Royal course’s acclaimed par three 16th.

Surrounded by umbrella pines and eucalyptus trees, with greens nestled on beautiful beachfront locations and even featuring a hole reminiscent of traditional links courses, the Ocean course presents a diverse and engaging layout. It’s a captivating addition to any golfing journey in the Algarve, guaranteed to capture your interest.

Royal Golf Course

The Royal Golf Course is recognized as one of Portugal’s most prestigious golf courses. It was inaugurated in 1997 and designed by the renowned American golf architect Rocky Roquemore, who based his design on the original drawings of Sir Henry Cotton.

The course features several notable elements, including the almost island green of the 9th hole and the famous 16th hole, which boasts a cliff-top carryover and is considered one of the most photographed holes in Europe. With its challenging layout and picturesque scenery, the Royal Golf Course offers an exceptional golfing experience for players of all skill levels.

The clubhouse offers a range of amenities, including a golf shop stocked with top-quality equipment and apparel. Additionally, the Golf Academy provides expert instruction and practice areas to help you improve your game.

San Lorenzo Golf Course is renowned as one of the premier golf courses in the Algarve region, situated amidst the breathtaking landscape of the Ria Formosa Estuary and Nature Reserve.

Above and top right: San Lorenzo Golf Course.

After your game on either of Vale do Lobo’s courses, the clubhouse awaits, where you can unwind and socialize with family and friends at Spike’s.

Contact details:

Tel. +351 289 353 465

Email: golf@vdl.pt

San Lorenzo Golf Course

San Lorenzo Golf Course is renowned as one of the premier golf courses in the Algarve region, situated amidst the breathtaking landscape of the Ria Formosa Estuary and Nature Reserve. Its picturesque setting features fairways winding alongside saltwater marshes, freshwater lagoons, and the refreshing Atlantic Ocean, providing golfers with a truly captivating experience.

The course is celebrated for its immaculate presentation, offering players a combination of stunning scenery and challenging holes throughout their round. San Lorenzo Golf Course has garnered widespread acclaim and recognition within the golfing community.

In collaboration with its sister hotel, Dona Filipa, San Lorenzo Golf Club has earned the prestigious distinction of being ranked 15th in the ‘Top 100 Golf Resorts in Continental Europe’ by Golf World Magazine. This acknowledgment underscores the exceptional quality and appeal of both the golf course and the accompanying amenities provided by Dona Filipa, making it an esteemed destination for golf enthusiasts seeking a memorable and rewarding experience.

Contact details:

Tel. +351 289 396 522

Email: donafilipa-golf@jjwhotels.com

PINHEIROS ALTOS GOLF COURSE

Nestled amidst the breathtaking scenery of the Ria Formosa Nature Reserve and renowned for its unparalleled natural beauty, Pinheiros Altos offers 27 holes and a quality golfing experience.

Renowned for its captivating design, Pinheiros Altos seamlessly integrates with the surrounding landscape, offering golfers an immersive experience like no other. Each hole presents a unique challenge, carefully crafted to test players’ skills while showcasing the surrounding nature. From strategic bunkering to meticulously manicured greens, every aspect of the design is quality and precision. It’s this attention to detail, combined with a deep respect for the environment, that elevates Pinheirs Altos to golfing excellence.

Contact details: Tel. +351 289 359 900 Email: pinheirosaltos-golf@jjwhotels.com

In Conclusion

Foreign golfers travelling to the region are continuously impressed by the unwavering commitment to excellence and innovation demonstrated by Quinta do Lago, Pinheiros Altos, and Vale do Lobo. From their pioneering environmental sustainability initiatives to their embrace of cutting-edge technology, these courses are at the forefront of shaping the future of golf tourism in Portugal. Their dedication to providing players with an unmatched golfing experience, coupled with their unparalleled beauty and sophistication, solidifies their status as a premier golf destination in Europe.

Renowned for its captivating design, Pinheiros Altos seamlessly integrates with the surrounding landscape.

Above: Pinheiros Altos Golf Course.

OLÁ LISBOA!

Get away to Lisbon, a weekend escape!

A mere 2.5 hour drive from the Algarve, nestled along the Tagus River lies one of Europe's best-kept secrets: Lisbon, a city brimming with charm, culture, and a captivating blend of oldworld elegance and modern vibrancy.

Lisbon is ready to enchant you with its winding cobblestone streets, historic landmarks, and delectable cuisine. From the majestic São Jorge Castle overlooking the city to the lively neighbourhoods of Alfama and Bairro Alto, there's an endless array of experiences waiting to be discovered in this coastal metropolis. So why wait? Embark on a journey of discovery and let Lisbon weave its magic, leaving you spellbound by its beauty and allure.

Check into the Four Seasons Hotel Ritz

Located in the pulsating heart of Lisbon, Hotel Ritz embodies the very essence of Portugal's rich cultural heritage. Step inside and be transported to a realm where art-deco elegance meets a contemporary interpretation of Louis XVI style, while their corridors proudly showcase a curated collection of vibrant artwork. As you gaze out from your windows, be captivated by the panoramic views of the city's undulating hills and intricately tiled facades.

After immersing yourself in the wonders of Lisbon, mere moments away from your doorstep on Avenida da Liberdade, this hotels extend a warm invitation for you to indulge in a culinary journey at CURA restaurant, where Michelin-starred gastronomy awaits with a menu inspired by the seasons.

Price range: €€€

Where: Marquês de Pombal

Address: Avenida Rodrigo da Fonseca, 88, 1099-039, Lisboa Website: www.fourseasons.com

Located in the pulsating heart of Lisbon, Hotel Ritz embodies the very essence of Portugal's rich cultural heritage.

Above: Four Seasons Hotel Ritz.

A Journey through Lisbon's Timeless Sites

Every corner tells a story, and every cobblestone whispers secrets of centuries past, embark on a journey through the timeless sites that define the soul of this captivating Portuguese capital.

Our suggested first stop is none other than the iconic São Jorge Castle, a Moorish castle perched majestically atop the city's highest hill. As we ascend its ancient ramparts, stop to pause and admire the breathtaking panoramic views of Lisbon and Tagus river, admiring how the past seamlessly merges with the present.

Next, wander through the labyrinthine streets of Alfama, the city's oldest district, where time seems to stand still amidst the maze of narrow alleys and hidden courtyards. Here, the haunting strains of fado music drift through the air, echoing the melancholic tales of love and longing that have echoed through these streets for generations.

As one ventures further, find ourselves enchanted by the grandeur of Belém, where historic monuments pay homage to Portugal's illustrious maritime past. From the majestic Belém Tower standing sentinel at the edge of the Tagus River to

the ornate Jerónimos Monastery, a masterpiece of Manueline architecture, each site beckons with its own tale of exploration and discovery.

No journey through Lisbon would be complete without a visit to the mesmerizing district of Sintra, where fairytale palaces and lush gardens transport us to a realm of enchantment and wonder. Lose yourself in the surreal beauty of Pena Palace, with its vibrant colors and whimsical turrets, or wander through the mystical forests of Quinta da Regaleira, where hidden tunnels and secret grottoes await around every corner.

Above: Palace of Pena in Sintra, Lisbon.

Dining Out, a Must!

Lisbon's dining scene has emerged as a culinary powerhouse in Europe, boasting some of the most talked-about restaurants on the continent. While the pandemic temporarily slowed the city's momentum, Lisbon's gastronomic landscape has rebounded impressively, with 2023 marking significant strides in reclaiming its status as a food hotspot. The resurgence has been fueled by a visitors returning to explore the city's charming cobblestone streets and vibrant dining scene.

For newcomers to Lisbon, the array of dining options may seem overwhelming, but fear not – whether you're craving traditional Portuguese fare or seeking innovative culinary experiences, the city caters to all tastes. Sample authentic local dishes like bacalhau (salted cod) and prego or bifana (beef or pork sandwiches) at one of the city's tascas, casual eateries beloved by locals and visitors alike. Alternatively, dive into the world of modern and Michelin-starred dining for a more upscale culinary adventure.

JNCQUOI Avenida

Located within the historic Tivoli building, JNcQUOI Avenida seamlessly merges timeless elegance with modern flair. Retaining the building's iconic high ceilings and infusing it with a chic yet contemporary décor, the restaurant exudes sophistication at every turn. Here, guests are treated to a culinary journey that celebrates the essence of Portuguese cuisine alongside international favorites, each dish presented with a delightful and unexpected twist. JNcQUOI Avenida offers a dining experience where the old world charm meets innovative gastronomy, inviting patrons to savor the best of both worlds in a stylish and refined setting.

Price range: €€€

Where: Tivoli Forum

Address: Avenida da Liberdade, 182-184, Lisboa Website: www.jncquoi.com

Belcanto

José Avillez invites diners on a distinctive gastronomic and sensory voyage. This esteemed restaurant presents contemporary Portuguese cuisine within an elegant setting that seamlessly intertwines Chiado's romantic heritage with a vision for the future. With its prestigious two Michelin stars and a current ranking of #25 on "The World's 50 Best Restaurants List," Belcanto resides in Lisbon's

historic center, delivering attentive, hospitable, and unobtrusive service. Complementing its culinary prowess is an exceptional wine selection, featuring some of Portugal's finest labels alongside acclaimed international choices.

Price range: €€€

Where: Chiado

Address: Rua Serpa Pinto, 10a, 1200-445, Lisboa Website: www.belcanto.pt

Bahr

The Bairro Alto Hotel stands as a beacon of excellence in hospitality, and its restaurant, BAHR, is a true culinary triumph. Whether you're drawn to its inviting interiors with curved ceilings and a cozy atmosphere or opt for al fresco dining on the terrace overlooking the city and Tagus River, BAHR promises a memorable dining experience. The menu presents a delightful twist on traditional Portuguese cuisine, featuring dishes like garlicky grilled squid with runner beans and turnip, raw beef ‘pica-pau’ taco with a subtle pineapple infusion, and buttery wild turbot with green kale sauce and chorizo—a dish not to be missed. After indulging in the culinary delights, venture to the hotel's new 18.68 cocktail bar, where art deco-style interiors and an innovative cocktail menu curated by head bartender Tiago Santos await, paying homage to the building's rich history as a former fire station.

Price range: €€

Where: Bairro Alto

Address: Praça Luis de Camões, No2, 1200-243, Lisboa Website: www.bahr.pt

Enhancing the allure of Lisbon is the ease at which one has the opportunity to delve into its rich history, dynamic culture, and varied culinary landscapes. This incredible city is a mesmerizing gem waiting to be discovered!