It is undeniable that 2022 was an extremely positive year for real estate in key locations throughout the world regardless of the price point attached.
From first or second home purchases, property flipping, VISA acquisition or “marquee asset” buys to value asset portfolios, luxury real estate was the talk of the town between investors in Portugal.
This stunning and unique corner of the earth, that is the Golden Triangle has valued immensely since its very beginning, almost half a century ago. Shaped not only by those who directed and drove the vision forward to cater for this niche market, but also by clients and tourists alike who recurrently choose the Algarve as their destination.
In working towards elevating what are now luxury resorts like Quinta do Lago, Vale do Lobo and Vilamoura, the offering of services, amenities, infrastructures, transport, construction and architecture developed to, and in some ways surpassed the high standards of a worldly clientele. The work put forward in preserving and elevating all these elements, has hugely contributed towards acquiring an investment whose value grows throughout the years, however more so, grants all buyers a “cash cow” asset that will seldom decrease in value.
Former and current property owners in this area have rarely, if ever, lost capital in these “hard asset” investments. This is one of the great motives, why interest in moving or investing in the Golden Triangle has hugely increased and will remain a safe bet.
After almost 40 years in the luxury real estate business of the Algarve, I am extremely proud of the immense effort put forward by everyone in the area, in showcasing a truly special region, that I have shared with many clients to this day and hope to share with many more in the future.