Published in October
2022, the report reveals that Portugal’s resort real estate market witnessed a 20%
increase in the number of sales in the first half of 2022 when compared to the
second half of 2021. The report also shows that, in the Algarve, prices of
homes in resorts had a year-on-year rise of 21% in the second quarter of 2022.
Whilst the
Algarve has always been a favourite with British and other European property buyers,
the market is witnessing increasing demand from a diversity of other
nationalities, namely from US investors. Ombria Resort, the luxury sustainable
resort in the Algarve, confirms that over 40% of sales in Oriole Village – its latest phase of residential homes – are from residents
in the USA.
João Richard Costa, Director of Sales & Marketing at
Ombria Resort, says: “Real estate has always been a safe haven for investors,
and, with global economic uncertainty, we are seeing increasing sales enquiries
from US residents looking to diversify their investment portfolio. Serviced properties within sustainable resort
communities with private gardens, pools and access to 5-star facilities and
services attract particularly high interest as these properties usually have
great rental yield and capital appreciation potential.
“Owners will be able to use their property either as permanent residence or as a
holiday home. The fact that these homes are eligible for the Golden Visa program
and owners can benefit from the Non-Habitual Resident tax regime is also a huge
benefit that draws in savvy real estate investors.”
Oriole Village
properties will be located next to a 5-star hotel, the first one managed by US-based Viceroy Hotels &
Resorts in southern Europe, planned to open in Autumn 2023, within a pleasant
resort environment and views to Ombria’s 18-hole golf course which is
meticulously maintained.
To ensure Ombria
Resort’s commitment to sustainability is reflected in Oriole Village’s design,
the team partnered with Portuguese award-winning Promontorio architects. The
practice incorporated bioclimatic architecture, geothermal energy in some
villas and focused on low building density to perfectly integrate the
properties into its natural environment.
Ombria Resort is situated in a tranquil countryside setting, 2km from one of the Algarve’s largest Nature Reserves and 7km north of the town of Loulé, with Faro airport and the beaches a mere 25-minute drive away.
For more information:
Ombria Resort (Sales & Marketing Suite)
Largo Dr. Bernardo Lopes, 14 - 8100-663 Loulé
T +351 289 413 901 (Portuguese landline number)
Poor Algarve people. We have enough of the rubbish in Lisbon. So good luck with the rubbish.
By J from Lisbon on 10 Feb 2023, 12:12