PROPERTYNEWS
Summer 2019
GOLF, BEACH AND FAMILY RESORT Apartments · Villas · Plots
s g n i t s i l w e n g n i k e Se Thanks to the buoyant real estate market in Portugal and the Algarve, the Official Vale do Lobo Real Estate Team is actively seeking new listings – from apartments and linked villas, to detached properties of all sizes and values to meet the growing demand from prospective buyers all keen to invest within Vale do Lobo. Recently the team has seen a marked increase in interest from prospective buyers looking to purchase plots within the resort to build a property, allowing buyers to be able to build the home of their dreams in one of the most sought after areas of the region. Buying a plot is seen by many as the best way to create a bespoke home as unique as every individual buyer and the Official Team are able to guide buyers every step of the way.
While plots continue to be in high demand, so too do all other properties in Vale do Lobo and the Official Team require new listings to add to their current portfolio of properties for sale in the resort. With offices located in the heart of the resort in the Parque do Golfe next to the main Resort Reception, the Official Vale do Lobo Real Estate Team is ideally placed to bring buyers and sellers together and also uses a dynamic range of online and offline marketing tools to further promote properties. Visit the Vale do Lobo Real Estate Team to find out more about the benefits of listing a property or to discover how to become a home owner within the resort today.
A SELECTION OF RECENT SALES BY THE OFFICIAL TEAM
THE OFFICIAL REAL ESTATE TEAM The multilingual Official Real Estate Team are specialised in understanding the unique needs of clients within the resort. Using their considerable knowledge and years of experience, they are able to find an ideal property solution for every client and are able to showcase a wide range of exclusive listings within Vale do Lobo.
WHY CHOOSE US? We are able to introduce you to the unique and welcoming Vale do Lobo community
Our team is able to work closely with the other departments of Vale do Lobo to get the best possible conditions across the resort
You will have access to our portfolio of Vale do Lobo properties and plots
You gain access to exclusive advantages only the Official Team can offer!
We are able to share our unrivalled knowledge of Vale do Lobo with you You will benefit from us always going the extra mile to ensure the very best deal and conditions You can relax knowing that we will be with you every step of the way, even if later you decide to upgrade or sell your property
Joana Rebelo
Sales Consultant | joanar@vdl.pt
Alda Filipe
Real Estate & Marketing Director | aldaf@vdl.pt
Fiona Lang
Sales Consultant | fional@vdl.pt
Call us today or visit us at the Parque do Golfe and Praça Sales Offices. Tel.: +351 289 353 101 · E-mail: realestate@vdl.pt · www.valedolobo.com
The contents of this publication are for general information only and does not constitute a formal proposal. Conditions presented can be changed without previous notice. Reproduction of any part of this magazine is strictly forbidden without the written permission of Vale do Lobo. COPYRIGHT VALE DO LOBO, RTL, SA | May 2019
4 | PROPERTY NEWS
VALE DO LOBO IN BRIEF Founded in 1962,
Beach 2km golden beach
Vale do Lobo is today the
Golf Two 18 hole golf courses, the Royal and the Ocean
largest luxury resort
Tennis One of the largest tennis facilities in Portugal: 14 courts, 2 padel courts, gym and swimming pool
in Portugal with 450 hectares, and 1500 properties in a unique location by the sea.
Shopping Boutique stores, supermarket, newsagents, golf shop, wine shop, hairdresser Restaurants and bars 15 restaurants and bars Wellness Royal Spa, Fitness Centre, Medical Centre Beach complex (Praça) Communal pools (adult & children), Live music during the summer, children’s entertainment Other facilities Conference facilities, car rental, bank, post office, car valet, art gallery Other services 24 hour reception 24 hour security vigilance and medical assistance, internal resort bus, property management, property maintenance
United Kingdom (60%) Who OWNS A PROPERTY in the resort?
OWNER PROFILE
Others (2%)
Around 10% of property owners are permanent residents (150 families) helping to create the strong community feeling in the resort and supporting the continuous activities and events.
Netherlands (5%) Ireland (7%) Portugal (14%)
Germany (12%)
BUSINESS
PLOTS OF LAND
REAL ESTATE
OF
TOURISM
with golf and sea views
Apartments and villas
Choose from exclusive beachfront and golf-front locations within the resort, and build your own dream home.
There is a wide choice of property within the resort from the Official Real Estate Team either for a permanent or holiday home.
OCEANO CLUBE
AREAS
A full property management service for owners and an exclusive guaranteed investment return package on selected properties.
VALE REAL
Prime real estate in a golf front location with detached plots for custom-built villas.
Plot sizes from 650m2 to 4,500m2 Plot prices from €1.300.000
Plot sizes from 840m2 to 1,600m2 Plot prices from €1.150.000
RENTALS
HOLIDAY PACKAGES
Choose from a wide range of accommodation options for the perfect Vale do Lobo holiday, from exclusive luxury villas to family friendly apartments.
Combine a holiday in Vale do Lobo with golf, tennis, spa treatments or special promotions with one of the resort holiday packages.
24 HOUR RECEPTION
CORPORATE EVENTS
Help and assistance 24 hours a day for everyone. The Vale do Lobo reception helps with all needs, from arranging transport to organising babysitting services.
The Vale do Lobo Auditorium offers a dynamic and modern space for corporate events including meetings and conferences.
The Vale do Lobo Golf Club is one of the most active in Portugal, with competitions being held on the resort courses every single day. Open days, club competitions, tournaments and events help to build the strong community spirit within the club.
BEACH FRONT COMPLEX
LEISURE
PROPERTY MANAGEMENT
An exclusive beachfront location with plots for custom-built villas.
GOLF CLUB
GOLF
A SELECTION OF PROPERTIES
Relax by the swimming pool or on the beach before enjoying the restaurants, bars, shops and entertainment in the beach front complex – the Praça – throughout the year.
OCEAN GOLF COURSE
ROYAL GOLF COURSE
18 Holes · Par 73 · 6,137m
18 Holes · Par 72 · 6,059m
EVENTS
WELLNESS
Year round events including live musical performances, art exhibitions, children’s entertainment, concerts, charity events and cultural activities.
A state of the art gym, calming wellness centre, health and beauty treatments, medical centre and dental clinic for total wellness.
6 | PROPERTY NEWS
BUYING A PROPERTY IN PORTUGAL Investment advantages Non Habitual Residents (NHR) This regime allows for tax exemption on almost all income from foreign sources and a flat income tax rate of 20% on the majority of revenue sources, such as salaries. Some other advantages of this special tax regime include: • Tax exemption on pensions • Tax exemption on inheritance • Tax exemption on capital income • Tax exemption on dividends and interests
Portuguese Residency Visa Permit – – The Golden Visa This special residency card is aimed at any non EU nationals who are looking to gain a visa to allow free travel in the European Union and Schengen Countries. The Golden Visa is granted to individuals who: • Buy a property in Portugal of a value equal to or greater than €500.000. • Complete a minimum period of stay in Portugal of 7 days per year
Property Taxes & Costs There are a number of costs related to buying property in Portugal that you need to budget for. In order to help you make your decision, we have collated some important information which you should be aware of when buying and owning properties in Portugal. Property Purchase Tax (IMT) Purchase Transfer Tax is a property purchase tax which is to be paid by the buyer before completion. It is calculated by the higher value of either the value of the deeds (sales price) or on the VPT (Valor Patrimonial Tributário - rateable value of property attributed by the tax authorities to calculate property taxes). IMT rate is variable and depends on the type of property and the value of the property -according to a sliding scale, varying between 1% and 6%. For urban plots for construction, the tax rate is fixed at 6,5%. Stamp Duty, Notarial, registration fees and Legal fees The stamp duty is calculate at 0,8% of the declared value of the deal. In the event that the sales price is lower than the VPT, the tax is calculated based on the highest amount. Notarial and registration fees are generally circa €1.500.
• After the 5 years investors may apply for permanent residency or citizenship
Taxes applicable to buying, selling and owning property in Portugal
Annual council tax on real estate property (IMI) The IMI tax is payable annually. The tax is calculated upon the taxable value (VPT) of the real estate property. The IMI rate is determined by the competent Municipality Assembly for the next year. The applicable rate ranges between 0,3% and 0,45% for urban property and 0,8% for non-urban properties.
Capital Gains Tax All acquisition costs can be offset against future capital gains tax liabilities (currently 28% for non-residents and 25% for companies (non-resident) as so are some refurbishments and improvements made to the property, providing they are properly documented, so it is important to keep and file records carefully.
Additional Municipal Property Tax (AIMI) The AIMI is applicable to apartments, houses and plots for construction, excluding non-urban properties and properties of commercial/ service nature. The taxable value to which the AIMI relates is the sum of the Taxable Patrimonial Value (VPT) of the properties held by each taxpayer, as of January 1st of each year. The AIMI is applicable when the sum of the VPTs is over €600.000 for privately owned properties as follows: • Sum of VPTs from €600.000 to €1.000.000: rate of 0,7% applies on the difference. • Sum of VPTs above €1.000.000: rate of 0,7% on €400.000 + 1% on the value in excess of €1.000.000. • Company owned properties: rate of 0,4% on the total value
Inheritance Tax There is no inheritance tax in Portugal for non-residents and for immediate family. On gifts a 0,8% stamp duty is calculated on the VPT. In other cases, a 10% stamp duty will be applied Mortgages in Portugal Mortgages for property in Portugal are normally available for up to 75 percent of the value of the bank valuation (loan to value LTV). This generally means you’ll need to find at least a 25 percent deposit and be able to prove your income. Mortgages in Portugal are available over periods of between 5-30 years. Lending criteria & rates vary between mortgage companies. Note: The above information is general. For specific advice you should contact a lawyer or tax advisor.
rs e n PEACE OF MIND w O ty r e p o r P for As a property owner in Vale do Lobo you are able to benefit from complete property management and maintenance services offered directly from the resort, allowing for complete peace of mind and the chance to enjoy many discounts and privileges.
Contact the Official Vale do Lobo Real Estate team to find out more about becoming a property owner and a Resort Member – your first step to becoming part of the Vale do Lobo community.
VALE DO LOBO RESORT MEMBERSHIP ADVANTAGES OF BEING A RESORT MEMBER • Security every day of the year and 24 hours a day
RESORT MEMBERSHIP 2019 (price per annum)
• 24-hour front desk services for Owners, family and guests
1 bedroom
• Free use of Internal Resort Bus
2 bedroom
€ 2.131
• Exclusive access to the Club of Clubs members’ lounge Dedicated Reception desk · Business Centre
3 bedroom
€ 2.776
4 bedroom
€ 3.421
• Exclusive discounted golf prices
5 bedroom
€ 4.066
• Discounts and privileges Wellness Centre, Tennis Academy, Kids Club, restaurants, bars and shops
6+ bedroom
• Free use of Swimming pools at the Praça and Tennis Academy
Residents in Vale do Lobo for more than 180 consecutive days per year.
€ 420
Resort Membership on a 2nd property.
€ 420
• Access to a wide range of Property Management services Payment of invoices · Property Supervision · Cleaning services Maintenance · Swimming pools and gardens · Alarm monitoring
€ 1.487
price on request
Available Discounts
Admittance fee (one-off)
€ 3.120
8 | PROPERTY NEWS
PORTUGAL'S REVIVAL REACHES TURNING POINT
Recent figures ALGARVE: BEST GOLF DESTINATION (EUROPE)
70% OF ALL GOLF ROUNDS ARE PLAYED IN THE ALGARVE
WORLD & EUROPE’S BEST GOLF DESTINATION
TODAY’S GOLFER AWARDS 2019
WORLD GOLF AWARDS
ATA
MICHELIN STAR RESTAURANTS IN 2019 20 | 6 TODAY’S GOLFER AWARDS 2019
ALGARVE 20%
TOURISTS IN PORTUGAL
8.9% INCREASE IN TOURISTS STAYING IN PORTUGAL IN 2017
21.000.000 OVERNIGHT STAYS IN PORTUGAL IN 2017
INE
INE
INE
VALE DO LOBO VOTED BEST RESORT IN PORTUGAL TODAY’S GOLFER AWARDS 2019
PORTUGAL RANKED NUMBER 5 IN THE WORLD AS THE BEST PLACES TO BUY REAL ESTATE IN 2018 LIVE AND INVEST OVERSEAS
6 OUT OF 10 TOP BEACHES IN PORTUGAL ARE IN THE ALGARVE 2019 TRIP ADVISOR TRAVELLER’S AWARDS
EUROPE’S LEADING BEACH DESTINATION: ALGARVE WORLD TRAVEL AWARDS WINNER 2017
WORLD'S LEADING DESTINATION: PORTUGAL WORLD TRAVEL AWARDS WINNER 2018
ALGARVE VOTED WORLD’S BEST PLACE TO RETIRE 2015, 2016, 2017, 2018 & 2019 LIVE AND INVEST OVERSEAS
FOURTH SAFEST COUNTRY IN THE WORLD IN 2018 GLOBAL PEACE INDEX
A SELECTION OF PROPERTIES Plots, apartments, linked and detached villas
10 | PROPERTY NEWS
Breathtaking Natural Beauty €2.229.444 • CODE 2106 • PLOT OF LAND
Some of the last true beachfront land available in Portugal; Oceano Clube at Vale do Lobo directly overlooks the Atlantic waves and is flanked by a stunning nature reserve. The natural beauty of the Algarve is at its most prominent within this plot which offers views not only of the ocean, but also of the pine tree area and across the natural lake and dunes. Additional beachfront plots available. Plot sizes from 650m2 to 4.500m2. Plot prices from €1.300.000. Ask us for details.
OWNED BY VALE DO LOBO - BUY DIRECTLY
1181 sqm
Frontline Golf Location €1.481.792 • CODE 3510 • PLOT OF LAND
Vale Real is the latest luxury development to be released by Vale do Lobo Algarve, offering a spectacular location along the Golf Course and the opportunity to build a bespoke property on one of its exclusive plots. Set alongside the 5th tee of the Royal Golf Course this plot allows you to construct an exquisite property offering peace and tranquility yet within easy reach of all the resort has to offer. Additional golf-front plots available. Plot sizes from 840m2 to 1.600m2. Plot prices from €1.150.000. Ask us for details.
OWNED BY VALE DO LOBO - BUY DIRECTLY
1.096 sqm
12 | PROPERTY NEWS
Dune and Nature Views €1.415.440 • CODE 2095 • PLOT OF LAND
Some of the last true beachfront land available in Portugal. Oceano Clube at Vale do Lobo directly overlooks the Atlantic waves and is flanked by a stunning nature reserve. Set within a quiet cul-de-sac this plot offers a privileged location and is just a short walk from the golden sands of the beach. Additional beachfront plots available. Plot sizes from 650m2 to 4.500m2. Plot prices from €1.300.000. Ask us for details.
OWNED BY VALE DO LOBO - BUY DIRECTLY
675 sqm
Expansive Fairway Views €1.764.672 • CODE 3719 • PLOT OF LAND
Vale Real is the latest luxury development to be released by Vale do Lobo Algarve, offering a spectacular location along the Golf Course and the opportunity to build a bespoke property on one of its exclusive plots. Making the most of the natural environment and harnessing the beauty of the surroundings, this plot offers expansive golf views across two fairways of the stunning Royal Golf Course. Work your personality into creating a property exclusive to you and attain an effortlessly eye-catching home in the sun.
OWNED BY VALE DO LOBO - BUY DIRECTLY
1.212 sqm
14 | PROPERTY NEWS
Contemporary Villa €2.495.000 • CODE 157 • DETACHED VILLA Set within a prime location this contemporary villa is within easy walking distance of the clubhouse and beach. Ideally located for a holiday home within close proximity of all resort facilities yet benefitting from privacy and seclusion.
EXCLUSIVE LISTING 1.150 sqm
288 sqm
4
4
D
Stunning South Facing Villa €2.750.000 • CODE 163 • DETACHED VILLA This stunning south facing villa has recently been renovated to a high standard to provide a contemporary living space both inside and out.
The villa is surrounded by terraces allowing for sun or shade all day and it also offers a good degree of privacy in its quiet cul-de-sac location. Yet it is still ideally located within easy reach of all resort facilities.
840 sqm
277 sqm
4
4
F
16 | PROPERTY NEWS
Stunning Beachside Villa €3.400.000 • CODE 161 • DETACHED VILLA This four bedroom villa located in the prestigious Oceano Clube offers not only a breathtaking sea view from its privileged position but is also within a short walk of the beach. Spacious, bright and modern, this contemporary villa is an ideal choice for year round usage as a holiday home, permanent residence or as an investment within this exclusive part of the resort.
876 sqm
309 sqm
4
5
B-
The Infinity Villa €8.000.000 • CODE SP18 • DETACHED VILLA A magnificent five bedroom beachfront property with spectacular views and direct access to the beach. The property is sold fully furnished and equipped. It also includes a 5 year Golf Membership and a 5 year Wellness Membership for two.
EXCLUSIVE LISTING 2.169 sqm
470 sqm
5
4
A
18 | PROPERTY NEWS
Unique Sea Views €8.000.000 • CODE 154 • DETACHED VILLA This magnificent five bedroom villa enjoys breathtaking views of the Atlantic from its privileged elevated position. Neighbouring this amazing property is a separate plot of land with an additional 2.630 sqm, also available for sale.
2.776 sqm
652 sqm
5
5
C
20 | PROPERTY NEWS
Secluded Villa €1.750.000 • CODE 153 • DETACHED VILLA This lovely five bedroom villa offers privacy and seclusion yet is within easy walking distance of the club house and supermarket. The single storey property nestles within a lush, mature landscaped garden and affords good views to the golf course from the roof terrace.
1.260 sqm
229 sqm
5
4
E
Fantastic Opportunity €1.250.000 • CODE SP30 • DETACHED VILLA An exclusive opportunity to purchase a property ideal for a renovation project in a quiet cul-de-sac in Vale do Lobo. Plots with these conditions rarely come on to the market, making this an exciting opportunity for an owner to redevelop the existing property to the style and specifications they desire. The existing traditional property sits within a large plot with ample space for landscaped gardens, terraces and a new swimming pool to make the most of the al fresco Algarve lifestyle. Located in the heart of Vale do Lobo within walking distance of Parque do Golfe this renovation project offers a fairly unique opportunity in a great location.
EXCLUSIVE LISTING 1.630 sqm
277 sqm
4
3
NA
22 | PROPERTY NEWS
Exceptional Opportunity €950.000 • CODE SP27 • DETACHED VILLA An exclusive opportunity to purchase a property ideal for a renovation project in one of the most sought after areas of Vale do Lobo. The existing traditional property sits within a large plot with the mature planting surrounding the property offering privacy while still being next to the Parque do Golfe and all amenities. There is ample space for landscaped gardens, terraces and a new swimming pool to make the most of the al fresco Algarve lifestyle.
EXCLUSIVE LISTING 1.065 sqm
145 sqm
2
2
NA
Prime Location €1.325.000 • CODE 160 • DETACHED VILLA This charming four bedroom villa is well located in Vale das Laranjeiras, a central area of the Resort within walking distance to golf, beach and other resort facilities. The property is sold completely furnished.
910 sqm
168 sqm
4
2
E
24 | PROPERTY NEWS
Exceptional Opportunity €1.250.000 • CODE SP31 • DETACHED VILLA An exciting opportunity for a new owner to redevelop the existing property to the style and specifications they desire. The existing traditional property sits within a large plot with ample space for landscaped gardens, terraces and a new swimming pool to make the most of the al fresco Algarve lifestyle. Located in the heart of Vale do Lobo within walking distance of Parque do Golfe this renovation project offers a fairly unique opportunity in a great location.
EXCLUSIVE LISTING 1.630 sqm
277 sqm
4
3
NA
Charming Villa in Spacious Plot €1.650.000 • CODE SP32 • DETACHED VILLA Located in the heart of Vale do Lobo this four bedroom villa is set in a cul-de-sac and offers privacy from its location. Although ready to live in, this property would also be a fantastic project for those wishing to create a home away from home.
EXCLUSIVE LISTING 2.169 sqm
340 sqm
4
3
NA
26 | PROPERTY NEWS
Fantastic Golf Front Location From €400.000 • CODE SP3 • LINKED VILLA This charming classically designed one bedroom villa is located alongside the Ocean Golf Course and benefits from lovely views over the golf course.
92 sqm
90 sqm
1
1
C
OWNED BY VALE DO LOBO - BUY DIRECTLY
Well Located Studio Apartment From €250.000 • CODE SP10 • APARTMENT This light and airy studio apartment is conveniently located within walking distance of the Tennis Academy and beach.
50 sqm
1
D
OWNED BY VALE DO LOBO - BUY DIRECTLY
Two Bedroom Villa From €1.090.000 • CODE SP22 • LINKED VILLA This two bedroom Royal Golf Villa is an ideal lock-up-and-leave home, intertwining traditional architecture with contemporary lines. Situated in a quiet area of the resort, it offers easy access to all resort facilities.
215 sqm
2
2
D
OWNED BY VALE DO LOBO - BUY DIRECTLY
Apartment with Pool From €950.000 • CODE SP17 • APARTMENT This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation, combining classic and contemporary design. Adjacent to the 12th hole of the Royal Golf Course, the apartment is conveniently located for all resort facilities.
233 sqm
2
2
D
OWNED BY VALE DO LOBO - BUY DIRECTLY
28 | PROPERTY NEWS
Apartment with Golf Views From €830.000 • CODE SP13 • APARTMENT This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation. Situated adjacent to the 12th hole of the Royal Golf Course, the apartment is conveniently located for all resort facilities.
153 sqm
2
2
D
OWNED BY VALE DO LOBO - BUY DIRECTLY
Spacious Three Bedroom Apartment From €750.000 • CODE SP11 • APARTMENT This three bedroom duplex apartment is located within easy walking distance of the Tennis Academy and centrally located to access all resort facilities.
173 sqm
3
2
D
OWNED BY VALE DO LOBO - BUY DIRECTLY
Bright Duplex Apartment €350.000 • CODE 351 • APARTMENT Two bedroom duplex apartment located within the Tennis Valley offers easy access to all resort facilities and the beach, ideal for a lock-up-and-leave holiday home.
EXCLUSIVE LISTING 132 sqm
2
2
D
30 | PROPERTY NEWS
Two Bedroom Apartment with Jacuzzi €585.000 • CODE 345 • APARTMENT
This lovely two bedroom apartment is located in the quiet and peaceful area of Tennis Valley. Set within a tranquil area it is ideally located for a holiday home.
174 sqm
2
2
EXCLUSIVE LISTING
C
Spacious Duplex Apartment €310.000 • CODE 344 • APARTMENT Located within the Tennis Valley, this two bedroom duplex apartment offers easy access to the beach and to all resort facilities. The apartment is an ideal lock-up-and-leave holiday home, equipped with air conditioning for the hot summer days of the Algarve.
122 sqm
2
2
CERTIFICATE IN PROGRESS
Townhouse near the Beach €690.000 • CODE 242 • LINKED VILLA
This charming three bedroom house has been completely refurbished and is located within a 5 minute walk to Vale do Lobo beach.
117 sqm
3
2
D
Renovated Detached Villa €490.000 • CODE 162 • DETACHED VILLA This two bedroom detached stand alone villa is located in the ever popular aldeamento area of the resort and has been refurbished.
72 sqm
100 sqm
2
2
D
NOW IS THE TIME TO BUILD GOLF & BEACH FRONT PLOTS
Contact us to find out more about plots and properties in Vale do Lobo.
É TEMPO DE CONSTRUIR.
CONTACTE-NOS PARA MAIS INFORMAÇÕES SOBRE LOTES E PROPRIEDADES EM VALE DO LOBO.
V0344 1331 19 © VDL MKT
T. +351 289 353 101 | www.valedolobo.com