According to an article by The Portugal News, the Algarve region, long known by the English and other European buyers as a real estate investment reference, is now on the radar of several other nationalities, namely American investors.
The golf, the privileged landscape, thanks to its unspoilt natural beauty, the proximity to a friendly community, the gastronomy and the return on investment are pointed out as the factors that make the Ombria Resort the choice of these investors.
Media underlines that more than 40% of the sales at the Oriole Village - the newly launched construction phase - are from American investors.
According to the Ombria Resort's Director of Sales and Marketing, João Richard Costa, "Real estate has always been a safe haven for investors and, with the global economic uncertainty, we are seeing an increase in sales requests from US residents seeking to diversify their investment portfolio."
João Richard Costa, also highlights that "Owners will be able to use their property as a permanent residence or as a holiday home. The fact that these homes are eligible for the Golden Visa program and the owners can benefit from the Non-Habitual Resident tax regime is also a great benefit that attracts experienced real estate investors."
According to the newspaper, the Oriole Village project was designed in partnership with award-winning Portuguese architects Promontório and incorporated high standards of sustainability, drawing on the use of renewable energy such as geothermal and solar energy and focus on low density construction.
With the opening of the first phase planned for Autumn 2023 at Ombria Resort, investors will find an investment opportunity in the south of Portugal that encompasses several property typologies located next to a 5-star hotel, the first managed by Viceroy Hotels & Resorts in Europe, in a pleasant resort environment and exceptional views to the Ombria Resort's 18-hole golf course.
The Portugal News, 23 February 2023
