According to a report by Idealista, Uptown, Central and Quintinhas, the three real estate projects that Vilamoura World (VW) has underway in Vilamoura, are attracting many investors.

The British were responsible for 17% of purchases and the French for 6%, with buyers from the US, Brazil and Japan also standing out, reveals the company, adding that there are investors of 15 nationalities.

“The excellent urban infrastructure and services, including an international school, equestrian and tennis centres, several golf courses and a marina with more than 800 mooring points, together with very pleasant weather conditions even in winter, confirm Vilamoura as a clear option for residence and long stays”, reveals VW in a statement.

Cited in the document, Miguel Palmeiro, administrator of VW with the commercial and marketing portfolio, says that there is “a change in habits both of the Portuguese and foreigners, accentuating the trend towards self-use of houses in the Central and Uptown developments, whether permanent or temporary”.

Uptown's 31 homes and townhouses are fully sold, while Central has only four of its 41 properties to sell. Quintinhas, a project with 25 lots of 2,500 square meters (m2) and which allows the construction of houses with areas between 400 and 550 m2, has 92% sold.