Emanuele Midolo recently wrote in The Times about the evolution of property investments in the Algarve, focusing on investments made in residential serviced and managed properties.
He also described the enticing Golden Visa investment scheme, which has been increasingly sought after in the Algarve by British home-hunters younger than the typical buyer.
For anyone looking to invest in southern Portugal, the Ombria Resort is one of the ongoing low building density real estate projects scheduled to open in autumn 2023.
The Ombria Resort is just a ten-minute drive from the charming city of Loulé, close to Faro airport and beautiful, sandy beaches. It hosts the five-star Viceroy Hotel, a spa where the region’s nature and local produce take centre stage, a kids’ club, restaurants serving mouth-watering meals, and an outstanding golf course. The Ombria Resort is all about a lavish lifestyle and superb quality of life for homeowners and guests alike.
The local villages inspired the complex’ layout and design, and the first building phase will result in 65 furnished and equipped residences managed by Viceroy Residences. It will also deliver 83 flats ranging from one to four bedrooms in Oriole Village; a group of independent villas and plots in Alcedo Villas, where you can bask in nature throughout the year; and Par 71, an outstanding 18-hole golf course where nature seamlessly becomes part of the golfing experience, representing both a challenge and offering quite a different view from regular golf courses.
The Times also underscored the project’s sustainable elements: the complex will use renewable energy – geothermal and solar – and a water management system to store rainwater in a manmade lake next to the golf course.
The Times, 26 January 2023