What aspects of a country, city or region help us determine whether we should, or if it is wise, to invest in the real estate market? Specifically when the purchase is for a permanent residence or second home?
For the past 40 years, the Algarve has been a safe haven for many, whether for holidays or living and the benefits have grown to serve those who choose to do so. At ONE Select Properties we hope to pair our service with your real estate investment wishes, as well as, with some of the most wonderful living conditions available.
Daily routines spent walking the beach, dipping into a warm swimming pool, t-shirt weather all year round and never needing gloves or scarves. Essentially that is life in the Algarve. If you wish to leave behind the snow and cold this is the right choice, with over 300 days of sunshine.
The southern regions of Portugal can offer up to 3036 hours of sunshine versus 1481 hours in London. Temperatures never fall below zero and with the sun shining, more time can be spent breathing the fresh air and enjoying outdoor activities with friends and families.
Sporty Lifestyle Filled With Nature Loving Hobbies
As they usually say: work hard, play harder! Throughout the years the areas of Quinta do Lago and Vale do Lobo have grown to meet visitor’s needs. The Algarve offers, all year round, activities for all ages and desires. From pottery to skydiving, national trails to the lately popular paddle tennis. The choices are endless.
Nonetheless, living in, or close to the luxury resorts can be of added value, specifically when it comes to golfing and yachting. Portugal has over 40 golf courses, with more than half of these being in the Algarve and together, Quinta do Lago and Vale do Lobo, offer close to 10 golf courses to explore, some of which are considered championship courses.
Vilamoura offers 6 more golf courses, surrounded by luxury villas and gated condominiums with quick access to a premium marina for those who are boat lovers. Ranked one of the best in Europe, the Vilamoura marina is a wonderful location for an afternoon gelato, fine dining experiences or even a leisurely bike ride to enjoy the views.
Premium Healthcare & Quality of Life
Portuguese health services and care is ranked amongst the highest in the world and has seen incredible improvements over the past decade. Ranking higher than the UK, Spain, Italy and Ireland, the high score is attributed to excellent patient rights, data treatment, accessibility, waiting times and most importantly cost.
Tourists and second home owners have access to almost the same as that of which is available to residents in Portugal. Emergency care is free, as well as healthcare for other essential situations, alongside, all visitors can choose between great services within the public or private health sector.
Portugal has always offered lower living costs paired with a higher standard of living both for tourists, as well as residents. This is not only compared globally, however also in relation to other Southern European countries on cost basis of food, transport, utilities and leisure.
International Visas & Tax Benefits
The Non-Habitual Residence (NHR) and The Golden Visa were international accords created, to attract more international investment and have served second home residents for many years.
The NHR tax scheme looks to serve highly regarded foreign professionals and high net worth individuals. The tax regime caps personal income tax at 20% for the first 10 years of residence, a reduced taxation on dividends and exemption to inheritance, gifted or wealth tax.
The Golden Visa was devised to attract money into the country by granting residency, in exchange for a variety of approved investments, varying from capital or property investments or the creation of jobs. As of July 2021, obtaining legal residency is restricted to invest only in “low density” rural areas of Portugal instead of larger cities such as Lisbon and Porto.
Highly Ranked Privacy & Safety
Portugal was ranked amongst the 5 safest countries in the world, according to the 2021 Global Peace Index, following Iceland, New Zealand and Denmark. Living in this advanced digital age and maintaining your security and privacy can be particularly concerning, alongside concerns of living conditions that are always a priority.
Throughout the years these concerns have been at the top of the list, for those investing in real estate and Portugal has consistently delivered. Portugal is not only stable politically and criminally, but also in terms of actual peace of mind in everyday life.
Great Travel Connections Worldwide
With 3 main airports in Lisbon, Porto and Faro, Portugal’s travelling possibilities have grown throughout the past decades. Having a secondary residence or real estate investment abroad is extremely dependent on the travel connections offered.
The Quinta do Lago and Vale do Lobo areas are extremely well served with the Faro airport, with daily flights to various countries and major cities in Europe, as well as other major cities around the world. Alongside, the country is extremely well connected internally with rail services and great motorways, together with connections to the neighbouring country Spain.
Luxury Amenities & Concierge Services
Since its growth, around 40 years ago, the area of the golden triangle has flourished to cater to all the needs of its residents, offering the latest and most luxurious living services.
Both the Quinta do Lago and Vale do Lobo resorts provide excellent restaurant, spa, sport, golfing, fitness and health facilities, combined with an unequivocal concierge service where all desires can and will be fulfilled.