As the Algarve revels in red-hot desirability as a sunny, safe and affordable haven for digital nomads and relocating families, many landlords are reluctant to give year-long contracts to capitalize on lucrative summer lets, increasing the pressure of demand on the rental market.
According to the British-Portuguese Chamber of Commerce, 42,071 Britons moved to Portugal in 2021, i.e. an increase of 34% comparing to 2020. In this challenging context, many Brits are opting to buy property of their own instead of being at the mercy of a highly saturated rental market.
At Ombria Resort, we offer plenty and unique real estate investment opportunities that can adjust to each and every client’s needs and lifestyle. Adding to the Alcedo Villas and the Viceroy Residences, Ombria has recently launched a new collection of luxury apartments, townhouses and villas - the Oriole Village.
Nestled on a south-facing slope within Ombria Resort, the properties at Oriole Village have internal areas that range from 70 to 300 sqm and take full advantage of panoramic views across the resort’s 18-hole golf course and lush green hills beyond.
Owners at Oriole Village can use their properties either as permanent residences or as holiday/second homes. If vendors decide to rent out their properties, they can find comfort in the fact that their holiday let is managed by Ombria’s management company and operated by a market-leading hotel operator such as Viceroy Hotels and Resorts.
Scheduled to open in summer 2025, properties at Oriole Village are intended to break down boundaries between outdoor and indoor living, once they express and complement the surrounding natural beauty to maintain the traditional essence of the Algarve.
in The Times, October 7th 2022