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PROPERTYNEWS

Summer 2018

GOLF, BEACH AND FAMILY RESORT Apartments · Villas · Plots


NOW IS THE TIME TO BUILD CHOOSE A PLOT, BUILD A DREAM HOME…

See a selection of featured plots on page 10 in this edition of Property News or see full listings on our official website www.valedolobo.com


THE OFFICIAL REAL ESTATE TEAM The multi-lingual 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 to 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 | April 2018


4 | PROPERTY NEWS

VALE DO LOBO IN BRIEF Founded in 1962, Vale do Lobo is today the largest luxury resort in Portugal with 450 hectares, and 1500 properties in a unique location by the sea.

Beach 2km golden beach Golf Two 18 hole golf courses, the Royal and the Ocean Tennis One of the largest tennis facilities in Portugal: 14 courts, 2 padel courts, gym and swimming pool 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 2017

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 in the first 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 8%. 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.

• Complete a minimum stay of 14 days during the subsequent periods of 2 years • After the 6th year a definitive permit shall be issued with the opportunity to apply for Portuguese 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 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 in accordance with the official information available at the date of issue. For specific advise you should contact a lawyer or tax advisor.


PEACE OF MIND rs Property Owne 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 2018 (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 21M REACHES TURNING IN 2017 s e r u g i f t n e POINT c e R OVERNIGHT STAYS IN PORTUGAL SOURCE: INE

WORLD & 1.9B€

3B€

2017

2018

REAL ESTATE INVESTMENT SOURCE: REUTERS

70% OF ALL GOLF ROUNDS ARE IN

PLAYED THE

ALGARVE SOURCE: ATA

PORTUGAL

5 BEST GOLF DESTINATION BEST PLACES FOURTH TO BUY REAL ESTATE YEAR IN A ROW IN 2018 EUROPE’S FOR THE

RANKED NUMBER IN THE WORLD AS THE *

WORLD GOLF AWARDS

*

*

NUMBER OF TOURISTS STAYING IN PORTUGAL IN 2017

8.9%

*

SOURCE: INE

SOURCE: LIVE AND INVEST OVERSEAS.

AVERAGE

ALGARVE

2.7%

TO RETIRE

VOTED WORLD’S

ANNUAL RATE OF ECONOMIC GROWTH

2015 2016 2017

SOURCE: RICS SENIOR ECONOMIST, SIMON RUBINSOHN

SOURCE: LIVE AND INVEST OVERSEAS.

DESTINATION

8 10

& BEST DESTINATION

IN PORTUGAL

BEST VALUE (CONTINENTAL EUROPE) (EUROPE)

ALGARVE

IN 2017

TODAY’S GOLFER TRAVEL AWARDS 2017

SOURCE: GLOBAL PEACE INDEX

20%

BEST PLACE

› › IN 2017 ‹ ‹

THIRD-SAFEST COUNTRY IN THE WORLD

ALGARVE

TOURISTS IN PORTUGAL SOURCE: INE

OUT OF

TOP BEACHES ARE IN THE

ALGARVE

SOURCE: 2018 TRIPADVISOR TRAVELLER’S AWARDS

WORLD'S LEADING

DESTINATION

MICHELIN STAR R E STAU R A N TS *

VALE DO LOBO

VOTED

BEST RESORT IN PORTUGAL

PORTUGAL

* IN 2017 * *

EUROPE’S

1

12 6

2

ALGARVE

vs REST OF PORTUGAL

LEADING BEACH DESTINATION

ALGARVE


A SELECTION OF PROPERTIES Plots, apartments, linked and detached villas


10 | PROPERTY NEWS

Dune and NatureViews €1.415.440 • CODE 2095

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.

675 sqm


Imagem Detalhada . Vistas Zona Piscina

Lakeside Location €1.935.960 • CODE 3607

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. This prestigious plot enjoys a highly sought after lakeside location as well as being frontline to golf, offering you the chance to create a statement of luxury living within a haven of tranquility. Additional golf-front plots available. Plot sizes from 840m2 to 1.600m2. Plot prices from €1.150.000 Ask us for details.

1.095 sqm


12 | PROPERTY NEWS


Sought After Location €3.800.000 • CODE 156

Traditional style villa with unique position within a sought after area of the resort, benefiting from the elevation of the plot and the views towards the ocean.

EXCLUSIVE LISTING 1.514 sqm

465 sqm

6

5

C


14 | PROPERTY NEWS


Fantastic Contemporary Villa €2.495.000 • CODE 157

Set within a prime location this contemporary villa is within easy walking distance of the clubhouse and beach yet benefitting from privacy and seclusion.

EXCLUSIVE LISTING 1.150 sqm

287 sqm

4

4

D


16 | PROPERTY NEWS


Unique Sea Views ₏8.000.000 • CODE 154

This magnificent five bedroom villa enjoys breath-taking 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


18 | PROPERTY NEWS

Detached Villa ₏4.950.000 • CODE 100

This elegant four bedroom detached villa sits on an elevated plot offering sea and golf views from its tranquil setting.

2.173 sqm

627 sqm

4

4

C


Contemporary Villa ₏5.500.000 • CODE 155

An exceptional four bedroom villa with fantastic fittings and finishings and a strong contemporary design feel. The villa is located in an exclusive area of the resort and has beautiful sea and resort views, accentuated by the sweeping windows throughout the property.

1.629 sqm

734 sqm

4

5

CERTIFICATE IN PROGRESS


20 | PROPERTY NEWS

FourBedroom Villa ₏2.500.000 • CODE 152

This four bedroom villa is located in an exclusive and sought after area of the resort by the Royal Golf Course and within walking distance to the beach. It is an opportunity to develop a brand new property taking advantage of its fantastic views, or a refurbishment making the most of its quaint look and design. Neighbouring this amazing property is a separate plot of land with an additional 2.178 sqm, also available for sale and development.

EXCLUSIVE LISTING 2.600 sqm

425 sqm

4

2

D


Outstanding Plot of Land ₏1.700.000 • CODE PL01

This exceptionally spacious plot of land is located in a private and sought after area of the resort. With remarkable dimensions, this plot of land takes full advantage of its elevated position and views whilst upholding its privacy. An amazing development opportunity in the heart of Vale do Lobo and within walking distance to the beach.

EXCLUSIVE LISTING 2.178 sqm


22 | PROPERTY NEWS

Amazing Ocean Views €4.100.000 • CODE 146

Fantastic four bedroom villa located in Oceano Clube benefiting from amazing views down to the coastline. A luxury villa with natural light, open spaces and amazing landscaped gardens, offering an enviable lifestyle by the beach.

1.167 sqm

352 sqm

4

4

CERTIFICATE IN PROGRESS


Secluded Villa ₏1.750.000 • CODE 153

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.

EXCLUSIVE LISTING 1.260 sqm

229 sqm

5

4

E


24 | PROPERTY NEWS

Apartment with Golf Views From €830.000 • CODE SP13

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

Spacious Three Bedroom Apartment From €750.000 • CODE SP11

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


Apartment with Pool From ₏950.000 • CODE SP17

This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation, combining classic and contemporary design. Situated adjacent to the 12th hole of the Royal Golf Course, the apartment is conveniently located for all resort facilities.

233 sqm

2

2

D


26 | PROPERTY NEWS

Fantastic Golf Front Location From €400.000 • CODE SP3

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

Well Located Studio Apartment From €250.000 • CODE SP10

This light and airy studio apartment is conveniently located within walking distance of the Tennis Academy and beach.

50 sqm

1

D


Two Bedroom Villa From ₏1.090.000 • CODE SP22

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 alongside the 12th hole of the stunning Royal Golf Course, it offers easy access to all resort facilities.

215 sqm

2

2

D


28 | PROPERTY NEWS

Fabulous Three Bedroom Apartment €895.000 • CODE 340

This fabulous three bedroom apartment is located in the Royal Golf Development. It is beautifully furnished and finished to the highest standard with natural stone and wood, ceramic tiling and wooden decked exterior.

189 sqm

3

3

CERTIFICATE IN PROGRESS

Golf View Villa with Pool €775.000 • CODE 239

An attractive two bedroom villa, with additional study, located in the peaceful area of Vale das Flores and enjoying golf and countryside views. The property benefits from views across the 8th fairway of the Ocean Course and is surrounded on two sides by landscaped gardens with a secluded terrace and a heated swimming pool.

170 sqm

3

3

D


Golf Front Villa ₏730.000 • CODE 096

This beautiful linked villa is located in the Royal Golf Development, alongside the 12th fairway of the famous Royal Golf Course. Enjoy the al fresco lifestyle outside in the fenced garden, on the terrace with barbecue area or by the swimming pool of this impressive villa.

216 sqm

2

2

D


30 | PROPERTY NEWS

Three Bedroom Apartment €559.000 • CODE 325

This comfortable three bedroom apartment is well located in front of the Tennis Academy within walking distance to the Clubhouse. An ideal location for a tranquil holiday home.

216 sqm

3

2

D

South Facing Linked Villa €650.000 • CODE 235

This bright three bedroom linked villa offers spacious well laid out accommodation. Located opposite the Tennis Academy, it is within walking distance of the beach and convenient for all resort facilities.

167 sqm

160 sqm

3

3

D


Linked Villa €550.000 • CODE 237

This three bedroom linked villa is set within a quiet area of the resort, within a short walk of the Tennis Academy and offers easy access to all resort facilities.

191 sqm

86 sqm

3

2

D

Charming Two Bedroom Apartment €395.000 • CODE 024

This charming two bedroom duplex apartment enjoys views of the surrounding area and is located within a few minutes’ walk of the Tennis Academy.

165 sqm

2

2

C


Golf Courses · Holiday Rentals · Real Estate 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

V0312 2331 18 © VDL MKT

Play today… Stay forever!

Profile for Vale do Lobo Algarve

Property News Summer 2018  

Apartments | Villas | Plots

Property News Summer 2018  

Apartments | Villas | Plots