Vale do Lobo Property News AUTUMN/WINTER 2019/2020

PROPERTYNEWS

Autumn/Winter 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 You will have access to our portfolio of Vale do Lobo properties and plots 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 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 gain access to exclusive advantages only the Official Team can offer!

Call us today or visit us at the Parque do Golfe Sales Office.

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 | November 2019

A SELECTION OF RECENT SALES BY THE OFFICIAL TEAM

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

ALGARVE

MICHELIN STAR RESTAURANTS IN 2019 20 | 6 TODAY’S GOLFER AWARDS 2019

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

Plot With Sea View €1.600.000 • CODE 2033 • 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.

You can design your own home to take advantage of this privileged location with accommodation spread over three floors and plenty of terraces plus a pool for enjoying the al fresco lifestyle within the resort.

Being just a short walk from the beach, yet within easy reach of all the resort has to offer, this is a great opportunity to build the home of your dreams in an enviable location.

OWNED BY VALE DO LOBO - BUY DIRECTLY

1160 sqm

Plot Close to the Beach €1.400.000 • CODE 2080 • 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.

You can design your own home to take advantage of this privileged location with accommodation spread over three floors and plenty of terraces plus a pool for enjoying the al fresco lifestyle within the resort.

Being just a short walk from the beach, yet within easy reach of all the resort has to offer, this is a great opportunity to build the home of your dreams in an enviable location.

OWNED BY VALE DO LOBO - BUY DIRECTLY

920 sqm

12 | PROPERTY NEWS

Walking Distance to the Beach €1.300.000 • CODE 2081 • 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.

You can design your own home to take advantage of this privileged location with accommodation spread over three floors and plenty of terraces plus a pool for enjoying the al fresco lifestyle within the resort.

Being just a short walk from the beach, yet within easy reach of all the resort has to offer, this is a great opportunity to build the home of your dreams in an enviable location.

OWNED BY VALE DO LOBO - BUY DIRECTLY

860 sqm

Short Walk to the Beach €1.500.000 • CODE 2087 • 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.

You can design your own home to take advantage of this privileged location with accommodation spread over three floors and plenty of terraces plus a pool for enjoying the al fresco lifestyle within the resort.

Being just a short walk from the beach, yet within easy reach of all the resort has to offer, this is a great opportunity to build the home of your dreams in an enviable location.

OWNED BY VALE DO LOBO - BUY DIRECTLY

1.002 sqm

14 | PROPERTY NEWS

Prime Beachfront Location €4.900.000 • CODE 2123 • 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.

One of the most exclusive and impressive plots available from Vale do Lobo, this large site is ideal for clients looking to build an equally impressive property to reflect the prime position and beach front location.

A chance to build a property in one of the most sought after locations, not only within the resort but in Portugal as a whole, this large plot is one that promises to leave a lasting impression.

OWNED BY VALE DO LOBO - BUY DIRECTLY

2235 sqm

The Infinity Villa €6.600.000 • CODE SP18 • DETACHED VILLA A magnificent five bedroom beachfront property with spectacular views and direct access to the beach.

You enter the property on the first floor into a light infused lobby with sea and pool views which then leads towards the master suite with a terraced area. The kitchen, dining and living areas are all also on the first floor, allowing for optimum views of the ocean and easy access between the exterior and interior and to the south facing infinity pool area complete with two tier landscaped gardens.

On the ground level there are three bedrooms flanked by patio areas, while in the basement there are two levels allowing for a cinema area/lounge, wine cellar and access to the fifth bedroom adjacent to the spa. The property is sold fully furnished and equipped. It also includes a 5 year Golf Membership and a 5 year Wellness Membership for two.

2169 sqm

470.33 sqm

5

4

A

16 | PROPERTY NEWS

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.

Entered via main gate onto a paved driveway, the villa sits within mature gardens offering both good sun exposure and seclusion. Accommodation includes a fully fitted and equipped kitchen, a large living room with fireplace and a dining area that opens up to an extensive covered terrace.

There are two en suite bedrooms and two other bedrooms with adjoining bathroom.

2190 sqm

230 sqm

4

3

NA

Refurbished Townhouses €990.000 • CODE SP33 • LINKED VILLA From its elevated position these 3 bedroom properties are just a short stroll from the beach. Set within a quiet area of the resort the properties offer privacy and seclusion yet are within easy reach of all resort facilities.

The careful refurbishment project maintains their picturesque nature and original charm whilst offering comfortable modern interiors.

OFF PLAN 311 sqm

124.80 sqm

3

3

NA

18 | PROPERTY NEWS

Fantastic Golf Front Location €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

1

90.46 sqm

1

Two Bedroom Royal Golf Villa €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.

215.47 sqm

2

2

D

C

Well Located Studio Apartment €250.000 • CODE SP10 • APARTMENT This light and airy studio apartment is conveniently located within walking distance of the Tennis Academy and beach.

D

1

50.10 sqm

Spacious Three Bedroom Violeta Apartment €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

20 | PROPERTY NEWS

Margarida Apartment with Golf Views €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.

2

152.85 sqm

2

D

Margarida Apartment with Pool €950.000 • CODE SP17 • APARTMENT This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation, with the interior favouring natural stone, wood and ceramic tiling.

232.85 sqm

2

2

D

Three Bedroom Duplex Apartment with Pool €795.000 • CODE 354 • APARTMENT This stunning three bedroom duplex apartment is well located close to the Tennis Academy and within walking distance of the beach. The property offers spacious accommodation that has been decorated and furnished to a very high standard, creating a real wow factor throughout.

EXCLUSIVE LISTING 312.93 sqm

3

2

22 | PROPERTY NEWS

Prestigious Villa with Panoramic Sea Views €8.000.000 • CODE 154 • DETACHED VILLA This magnificent five bedroom villa enjoys breath-taking views of the Atlantic from its privileged elevated position.

This fantastic luxury villa with its natural light, open spaces inside and amazing landscaped gardens and infinity pool area spread over an extensive plot of land offering an enviable lifestyle by the beach.

Neighbouring this amazing property is a separate plot of land with an additional 2.630m2, also available for sale.

2776 sqm

652.04 sqm

5

5

C

Fantastic 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.

The roof terrace offers many possibilities for entertaining, relaxing or merely enjoying the views over the golf course to the ocean beyond.

Ideally located for a holiday home within close proximity of all resort facilities yet benefitting from privacy and seclusion.

EXCLUSIVE LISTING 1150 sqm

287.50 sqm

4

4

D

24 | PROPERTY NEWS

Contemporary Five Bedroom Detached Villa €4.950.000 • CODE 159 • DETACHED VILLA

The villa is located in an exclusive area of the resort and has breath-taking golf views over the famous Royal Course, accentuated by the sweeping windows throughout the property.

Every element of the property, from the use of natural stone and slate, to the inclusion of high tech home solutions, has been considered carefully and the strong contemporary design of the property creates a stunning impression while remaining highly practical.

1118 sqm

544.53 sqm

5

4

A

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 previleged 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

308.90 sqm

4

5

B-

26 | PROPERTY NEWS

Townhouse with Sea View €875.000 • CODE 244 • LINKED VILLA This three bedroom linked villa offers stunning ocean views from all floors.

Being within a short stroll of the Praça, it offers easy access to the beach, main resort pool complex and a good selection of restaurants.

3

140 sqm

2

D

Two Bedroom Tulipa Apartment with Jacuzzi €550.000 • 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.

174.36 sqm

2

2

C

EXCLUSIVE LISTING

Townhouse with Sea Views €590.000 • CODE 243 • LINKED VILLA This charming two bedroom house has been completely refurbished to a very high standard in a modern style to offer light, bright accommodation.

106 sqm

2

3

E

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

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.

V0350 2531 19 © VDL MKT

T. +351 289 353 101 | www.valedolobo.com