“The Algarve's Real Estate remains a hot commodity for investors and lifestyle buyers”. Through this title, João Richard Costa, Director of Sales and Marketing at Ombria Algarve, introduces the article written for the International Banker Magazine, where he presents Ombria as a reference for this option.
According to the Sales & Marketing Director, "International real estate is a frequently chosen vehicle to diversify an investment portfolio, and demand for residential properties doesn't appear to be easing".
"One of the top destinations for investors and lifestyle buyers is Portugal —particularly the Algarve, which still promises property-price growth and guaranteed rental returns."
According to the article, this event has contributed to Ombria Algarve's "continuous demand from international buyers from the United Kingdom, the Netherlands, France and the United States".
João Richard Costa also highlights that the "sunshine per year, regular flight connections from Faro International Airport, arts, culture and an abundance of activities to experience" are some of the characteristics that make the Algarve an attractive choice for investors. Furthermore, "In the 12 months to September 2022 alone, real-estate prices in the golden triangle of the Central Algarve increased by 15 percent, making it the second-highest performing European real-estate market."
Furthermore, although branded residences are not a new concept, "buyers still favour an investment linked to a household hotel brand name with a trustworthy team to manage their homes". Neste panorama o "Ombria has seen strong buyer interest in its branded residences: Viceroy Residences. More than 80 percent of the 65 one- and two-bedroom apartments, integrated within the five-star Viceroy at Ombria Algarve", where only 12 units remain.
"Due to be completed this year, Viceroy Residences are fully furnished and offer a guaranteed 5-percent net rental return per year for the first five years. Owners can be confident that the renowned Viceroy Hotels & Resorts will manage their properties perfectly."
João Richard Costa also highlights that in addition to the financial aspects,"The owner of a Viceroy Residence will have access to the hotel's facilities and Ombria's 18-hole golf course, eight onsite restaurants and bars, several heated pools, a spa, a kids' club, a fitness centre, a clubhouse and a conference centre, as well as services such as the concierge, cleaning, room service and maintenance ".
Banker Magazine - Summer 2023
