Algarve Hot Properties
Friday, March 30, 2007
Property: Large Development Site
The development site is located on the Av. Infante Sagres in Quarteira and is positioned
on the beachfront only 50 metres from the sea.
This is undoubtedly one of the best areas in all of Quarteira and presents a rare opportunity to acquire a superb site with excellent development potential in a primelocation.
Seldom does a property development opportunity like this come onto the market in this busy thriving town.
Quarteira is only 20 minutes from Faro airport and only 1 Km from the well-known Vilamoura resort. It is a busy market town and has numerous shops, restaurants and commercial premises.
There is a local fish and fruit market nearby as well as a market day on Wednesdays.
The Camera ( city council ) has given official permission to demolish the existing
building and the construction of a five-story building, 4 floors of eleven apartments
with a retail or commercial area on the ground floor and an additional underground
basement with parking spaces.
South Facade Total 7 apts:
•One T2 per floor and one T1
•One T3 on the top floor
Read more! ¶ 4:20 PM 0 comments
The development site is located on the Av. Infante Sagres in Quarteira and is positionedon the beachfront only 50 metres from the sea.
This is undoubtedly one of the best areas in all of Quarteira and presents a rare opportunity to acquire a superb site with excellent development potential in a primelocation.
Seldom does a property development opportunity like this come onto the market in this busy thriving town.
Quarteira is only 20 minutes from Faro airport and only 1 Km from the well-known Vilamoura resort. It is a busy market town and has numerous shops, restaurants and commercial premises.
There is a local fish and fruit market nearby as well as a market day on Wednesdays.
The Camera ( city council ) has given official permission to demolish the existingbuilding and the construction of a five-story building, 4 floors of eleven apartments
with a retail or commercial area on the ground floor and an additional underground
basement with parking spaces.
South Facade Total 7 apts:
•One T2 per floor and one T1
•One T3 on the top floor
North Facade Total 4 apts:
•One T2 per floor
•One T1 on the top Floor
The total construction area extends to 1,336 sq. Metres.
There is na alternative plan for eight apartments , instead of 7 apartments that can be replaced by 4 T3 aptartments ( one per floor )
The ground floor retail area is perfect for all kind of commercial activities due to its large size, rare in that area, such as for a Restaurant, Fast food, Steak House, Sea food,Pastel area, Furniture and Decoration stores, etc.
AREAS:
BELOW THE GROUND:
Basement/ Garage: 358 sq. metres (3853 sq. ft.)
ABOVE THE GROUND
Retail/ Commercial at street level 353 sq. metres (3799 sq. ft.)
Apartments on upper 4 floors 983 sq. metres (6727 sq. ft.)
TOTAL AREA 1.336 sq. metres (14,379 sq
•One T2 per floor
•One T1 on the top Floor
The total construction area extends to 1,336 sq. Metres.
There is na alternative plan for eight apartments , instead of 7 apartments that can be replaced by 4 T3 aptartments ( one per floor )
The ground floor retail area is perfect for all kind of commercial activities due to its large size, rare in that area, such as for a Restaurant, Fast food, Steak House, Sea food,Pastel area, Furniture and Decoration stores, etc.
AREAS:
BELOW THE GROUND:
Basement/ Garage: 358 sq. metres (3853 sq. ft.)
ABOVE THE GROUND
Retail/ Commercial at street level 353 sq. metres (3799 sq. ft.)
Apartments on upper 4 floors 983 sq. metres (6727 sq. ft.)
TOTAL AREA 1.336 sq. metres (14,379 sq
Read more! ¶ 4:20 PM 0 comments
Wednesday, March 14, 2007
Property: The Stone House
Read more! ¶ 6:37 PM 0 comments
This exclusive property in Portugal is located at the highest point in the Algarvean hillside (Serra do Algarve) and yet, it's only 10 minutes away from the nearest beach, in Vilamoura.
It is blessed with amazing panoramic views over the sea in a quiet, calm and totally integrated in the natural environment of the Serra.
This property includes a 4.000m2 lawn garden area and a 400m2 house
with a detached bungalow/ apartment made out of stone walls.
We can find stones slabs everywhere, on walls, fountain, on the water
cascade, garden and surrounding the property as a delimiter.
GENERAL FEATURES
• Sauna - 6 people, chromotheraphy,
bathrooms, shower-spa & storage.
• Air conditioning - All the house areas.
• Heated floor.
• 2 Water heaters with capacity for 600
litres for 70ºc.
• Laundry - Washing machine,
SIEMENS dryer, storage & sink.
• Main Gate - Electrical, remote control
and video entry system.
• 2 Service manual access gates.
• 2 Cars shed.
• Natural water hole and water
reservoir for 20.000 litres.
• Water treatment plant.
• Satellite dish.
• Mediterranean style garden that
covers the total property area.
• Stone water fountain.
• Swimming pool - 15m x 5m w/overflow,
jacuzzi for 4/6 people, water heating
pump, preinstallation of electric
coverage for the swimming pool,
preinstallation water heating pump.
• Shed - barbecue & open kitchen.
• Fifteen spot lights on surrounding
wall of property..
It is blessed with amazing panoramic views over the sea in a quiet, calm and totally integrated in the natural environment of the Serra.
This property includes a 4.000m2 lawn garden area and a 400m2 house
with a detached bungalow/ apartment made out of stone walls.
We can find stones slabs everywhere, on walls, fountain, on the water
cascade, garden and surrounding the property as a delimiter.
GENERAL FEATURES
• Sauna - 6 people, chromotheraphy,
bathrooms, shower-spa & storage.
• Air conditioning - All the house areas.
• Heated floor.
• 2 Water heaters with capacity for 600
litres for 70ºc.
• Laundry - Washing machine,
SIEMENS dryer, storage & sink.
• Main Gate - Electrical, remote control
and video entry system.
• 2 Service manual access gates.
• 2 Cars shed.
• Natural water hole and water
reservoir for 20.000 litres.
• Water treatment plant.
• Satellite dish.
• Mediterranean style garden that
covers the total property area.
• Stone water fountain.
• Swimming pool - 15m x 5m w/overflow,
jacuzzi for 4/6 people, water heating
pump, preinstallation of electric
coverage for the swimming pool,
preinstallation water heating pump.
• Shed - barbecue & open kitchen.
• Fifteen spot lights on surrounding
wall of property..
Read more! ¶ 6:37 PM 0 comments
Wednesday, January 24, 2007
I’m about to buy a property. How much will I pay in IMT taxes?
This must be one of the top doubts in most people minds upon buying a house. Allow me to give you a little help on that. Here’s the IMT table for 2007, for continental Portugal.
I know it looks a bit confusing at first sight (especially in Portuguese…didn’t have it in English, I apologise) but it’s really simple. Let me explain:
If you’re buying a home to live full time, you want to look at the first, top table. Other than that, refer to the second table.
Now, an example to do the math:
I’m buying a holiday apartment that cost me, let’s say, 200.000€.
I refer to the second table and to the fourth line, that covers properties from 159.800,00€ to 266.400,00€.
I use the corresponding percentage, in this case 7%, and I multiply the price of the property with it. So:
200.000,00€ X 7% = 14.000,00€
I grab this value, and subtract the number on the right of the table, in this case 7.567,01€:
14.000,00€ - 7.567,01€: = 6432,99€ …And there you go; this is the number your check to finances must carry.
Rural land will always pay straight away 5% IMT.
Any other type of property (ex; shop, warehouse, etc) will pay 6,5% of the value.
If you buying thru an ‘Off-shore', or if your residence is in a country with more favourable fiscal rules, IMT will always be 8%.
No numbers to subtract in this last three cases.
Pretty simple!
Read more! ¶ 10:49 PM 0 comments
This must be one of the top doubts in most people minds upon buying a house. Allow me to give you a little help on that. Here’s the IMT table for 2007, for continental Portugal.
I know it looks a bit confusing at first sight (especially in Portuguese…didn’t have it in English, I apologise) but it’s really simple. Let me explain:
If you’re buying a home to live full time, you want to look at the first, top table. Other than that, refer to the second table.
Now, an example to do the math:
I’m buying a holiday apartment that cost me, let’s say, 200.000€.
I refer to the second table and to the fourth line, that covers properties from 159.800,00€ to 266.400,00€.
I use the corresponding percentage, in this case 7%, and I multiply the price of the property with it. So:
200.000,00€ X 7% = 14.000,00€
I grab this value, and subtract the number on the right of the table, in this case 7.567,01€:
14.000,00€ - 7.567,01€: = 6432,99€ …And there you go; this is the number your check to finances must carry.
Rural land will always pay straight away 5% IMT.
Any other type of property (ex; shop, warehouse, etc) will pay 6,5% of the value.
If you buying thru an ‘Off-shore', or if your residence is in a country with more favourable fiscal rules, IMT will always be 8%.
No numbers to subtract in this last three cases.
Pretty simple!
Read more! ¶ 10:49 PM 0 comments
Tuesday, January 16, 2007
Property: Under-construction Condo in Vilamoura.
2 detached Villas, 10 townhouses, 24 2-bedroom apartments and 8 1-bedroom apartments, facing one of the Golf’s in Vilamoura. Close to 10.000 m2 of construction. Why is this a good business?
Well…you go ahead and try to find a plot of land to built such a luxury, private condominium on the Golf course, in Vilamoura.
Let me save you some time; at the moment, this might be the only one available.
The property is delivered as it is, in final stage of construction.
The expected return on investment in this business, after all finishing works, will be somewhere around 30%.
Want to know more?
Read more! ¶ 10:44 AM 0 comments
2 detached Villas, 10 townhouses, 24 2-bedroom apartments and 8 1-bedroom apartments, facing one of the Golf’s in Vilamoura. Close to 10.000 m2 of construction. Why is this a good business?
Well…you go ahead and try to find a plot of land to built such a luxury, private condominium on the Golf course, in Vilamoura.
Let me save you some time; at the moment, this might be the only one available.
The property is delivered as it is, in final stage of construction.
The expected return on investment in this business, after all finishing works, will be somewhere around 30%.
Want to know more?
Read more! ¶ 10:44 AM 0 comments
Monday, December 18, 2006
Merry Christmas
Merry Christmas - video powered by Metacafe
I Wish all the viewers and friends, family and loved ones a Merry Christmas and a Happy New Year.
Read more! ¶ 10:16 AM 0 comments
Merry Christmas - video powered by Metacafe
I Wish all the viewers and friends, family and loved ones a Merry Christmas and a Happy New Year.
Read more! ¶ 10:16 AM 0 comments
Thursday, November 30, 2006
Property: Lovely one bedroom Villa in Vilamoura
Here’s a proof that there’s enough good business out there for every pocket!
This gorgeous villa as been completely redone, from top to bottom, from electricity to piping, floor’s, ceiling’s, timber, nothing was left behind.
The result is a beautiful property, ideal for a single person or a couple just starting life together, as the place is being sold totally furnished and equipped with brand new appliances, TV and 2 brand new air-conditioning.
Also featuring in this house is a nice patio, facing south, where one can enjoy a nice summer meal.
The property is located on a private condominium with private parking, gardens and pool. Condominium fees? 350€ per year with water included.
One the other hand, if you’re an investor looking for a quick flip, this is it! The original asking price was 138.000€, now reduced for 125.000€ for a quick sale (Who knows if you can still get something out of it?).
If you looking for a property with great rental potential and great appreciation potential… look no further, here you have it!
Read more! ¶ 12:32 PM 0 comments
Here’s a proof that there’s enough good business out there for every pocket!This gorgeous villa as been completely redone, from top to bottom, from electricity to piping, floor’s, ceiling’s, timber, nothing was left behind.
The result is a beautiful property, ideal for a single person or a couple just starting life together, as the place is being sold totally furnished and equipped with brand new appliances, TV and 2 brand new air-conditioning.
Also featuring in this house is a nice patio, facing south, where one can enjoy a nice summer meal.
The property is located on a private condominium with private parking, gardens and pool. Condominium fees? 350€ per year with water included.
One the other hand, if you’re an investor looking for a quick flip, this is it! The original asking price was 138.000€, now reduced for 125.000€ for a quick sale (Who knows if you can still get something out of it?).
If you looking for a property with great rental potential and great appreciation potential… look no further, here you have it!
Read more! ¶ 12:32 PM 0 comments
Monday, October 30, 2006
It’s hunting season!!
I tell you what! It’s been a while seen I last posted, but the market as been giving clear signs of rising, and I like to ride the wave while it’s big.
This is another one of those times when “everybody” is looking for a great buy. And because there’s so much offer on the market, people are usually able to negotiate a great win/win deal…well, at least those people it the nerve to make offers, or the people working with a experienced real estate agent.
Yes, businesses are happening as we speak. Business that, in time, will show surprising returns, and I’m not talking only multi-million businesses. There’s enough for every pocket out there! You’ll first run out of money, than the market runs out of opportunities.
‘Ye, Right!’ You must be thinking! Ok, I give an example, for those not afraid to invest a little more, with minimum risk and huge returns:
See that picture on the left? These plots highlighted in red and numbered are just been released for sale. Half’s already been sold. Why?!
The picture you see is located exactly in the heart of “Cidade Lacustre” in Vilamoura.
“Cidade Lacustre”, (Lakeside City) forms the core of the new development phase. It will become the major hub of entertainment and activity, including shops, restaurants and open-air cafés, surrounding the inland Marina, lakes and canals. Developments planned for this zone include new hotels, resorts and villas bordering waterways with private access to the inland Marina. All you see in the picture is just starting to grow!
This is the type of investment that after is gone, people will say: “I wish I knew then!”
Well, now you know!
Read more! ¶ 5:00 PM 0 comments
I tell you what! It’s been a while seen I last posted, but the market as been giving clear signs of rising, and I like to ride the wave while it’s big.
This is another one of those times when “everybody” is looking for a great buy. And because there’s so much offer on the market, people are usually able to negotiate a great win/win deal…well, at least those people it the nerve to make offers, or the people working with a experienced real estate agent.
Yes, businesses are happening as we speak. Business that, in time, will show surprising returns, and I’m not talking only multi-million businesses. There’s enough for every pocket out there! You’ll first run out of money, than the market runs out of opportunities.
‘Ye, Right!’ You must be thinking! Ok, I give an example, for those not afraid to invest a little more, with minimum risk and huge returns:
See that picture on the left? These plots highlighted in red and numbered are just been released for sale. Half’s already been sold. Why?!
The picture you see is located exactly in the heart of “Cidade Lacustre” in Vilamoura.
“Cidade Lacustre”, (Lakeside City) forms the core of the new development phase. It will become the major hub of entertainment and activity, including shops, restaurants and open-air cafés, surrounding the inland Marina, lakes and canals. Developments planned for this zone include new hotels, resorts and villas bordering waterways with private access to the inland Marina. All you see in the picture is just starting to grow!
This is the type of investment that after is gone, people will say: “I wish I knew then!”
Well, now you know!
Read more! ¶ 5:00 PM 0 comments
Friday, October 06, 2006
Property: Plot with Viability for 3 townhouses at a great price.
Fresh in our books, this is a plot of land with 1763m2. With construction viability for3 townhouses with approximately 230m2 each, between garage, ground floor and first floor with pool.
This plot is located 2 minutes, north from Loulé, with excellent access, electricity and piping.
With the amazing price of only 230.000,00€, if your looking to make some money with minimum risk, this business is definitely for you, or… if your just looking for a lovely 3bedroom house in a nice area…for free, simply buy this plot, built the houses, sell 2 of them, and there you go!
Have a look at the pre-approved first sketches below and judge by yourself.
The front:
The ground floor:
The first floor:
Read more! ¶ 5:56 PM 0 comments
Fresh in our books, this is a plot of land with 1763m2. With construction viability for3 townhouses with approximately 230m2 each, between garage, ground floor and first floor with pool.
This plot is located 2 minutes, north from Loulé, with excellent access, electricity and piping.
With the amazing price of only 230.000,00€, if your looking to make some money with minimum risk, this business is definitely for you, or… if your just looking for a lovely 3bedroom house in a nice area…for free, simply buy this plot, built the houses, sell 2 of them, and there you go!
Have a look at the pre-approved first sketches below and judge by yourself.
The front:
The ground floor:
The first floor:
Read more! ¶ 5:56 PM 0 comments
Tuesday, September 19, 2006
Property: Great buy - plot of land for a 200m2 3 bedroom Villa
In a land where good Real Estate opportunities don’t come cheap, every now and them we stumble upon real bargains. That’s the case with this great plot of land.
With great access and 1380m2 total area, this plot is located 5 minutes away from the centre of Boliqueime and 25 minutes from Faro airport. Electricity is just meters away (bringing down the cost for power request).
The view is simply breath taking. Even though you’re just 100meters from “civilization”, you will experiment great peace in here, as there’s nothing in front of the property, but overwhelming landscape.
With viability for a 200m2, 3 bedroom Villa, at the price of just 111050€ and with a great location, you can’t ask for more.
Check the pictures and check also, a very accurate simulation of how much would be the total costs for a Villa in here. Just scroll down for your amuse.
Read more! ¶ 3:44 PM 0 comments
In a land where good Real Estate opportunities don’t come cheap, every now and them we stumble upon real bargains. That’s the case with this great plot of land.
With great access and 1380m2 total area, this plot is located 5 minutes away from the centre of Boliqueime and 25 minutes from Faro airport. Electricity is just meters away (bringing down the cost for power request).
The view is simply breath taking. Even though you’re just 100meters from “civilization”, you will experiment great peace in here, as there’s nothing in front of the property, but overwhelming landscape.
With viability for a 200m2, 3 bedroom Villa, at the price of just 111050€ and with a great location, you can’t ask for more.
Check the pictures and check also, a very accurate simulation of how much would be the total costs for a Villa in here. Just scroll down for your amuse.
Read more! ¶ 3:44 PM 0 comments
Wednesday, August 30, 2006
Save $100,000 on Your Next Home By: Robert G. Allen
Read more! ¶ 4:35 PM 0 comments
One of the most important principals of creating wealth is to own your own home. The average family pays full retail price for their average home without thinking about the enormous financial consequences of their decision.
Your house will be the BEST or the WORST financial decision of your life!
Let me show you how to pay wholesale prices for your next house.
It's easy when you know how.
Let's take a simple example:
A $100,000 house with a fixed rate mortgage of 8% will have mortgage payments of $733.76 for 30 years or 360 months for a total of $264,155. In other words,
$100,000 principal payments
$164,155 interest payments
$264,155 total payments for house
Technique 1 - Never, EVER pay retail for Real Estate
There are 9 ways to find bargain properties that you can buy at wholesale prices.I go into detail on these 9 ways in my new book, Multiple Streams of Income.
Using one of these methods, you set a goal to buy your next house at least 20% below market. I’m assuming that you’ll also buy it with little or no money down using the ideas in my all time best selling real estate book, Nothing Down. Therefore, you’ve saved $20,000 by using patience and some bargain hunting skills.
Technique 2 - lower price gives you an immediate lower monthly payment
Not only will you save an immediate $20,000, but look at what happens over thelife of the loan. By buying right, your new loan will be $80,000 instead of$100,000. This will lower your monthly payments from $733.76 to 587.01. That'san immediate monthly savings of about $150. Not bad. Over 30 years, thisamounts to $52,830 in interest savings! Now you can see how just a few smartmoney decisions can have enormous impact on your financial future. But let's not stop there.
Technique 3 - Negotiate the lowest interest rate!
Is it worth the hassle to shop around for a ‡% to 1% lower interest rate?Let's run the numbers. If you could get your mortgage for 1% less, your mortgage payments drop to $532.24...or about $55 less per month. Over 30 years this amounts to almost $20,000! Is that worth a few extra hours of shopping? Every 1/2% drop in interest saves you $10,000. Seller financing can be even more exciting than bank financing.
Technique 4 - Own your home debt free in half the time!
One of the most popular loans today is the 15 year mortgage. There are even 10 year mortgages. I don't recommend either of these loans. I recommend instead that you get the traditional 30 year loan...for the sake of flexibility...but that you voluntarily increase your monthly payment to the bank in order to payoff your loan much faster. For example, the previous example had monthly payments of $532 on an $80,000 mortgage over 30 years. By increasing your payments by only $187 per month, you will pay off that loan in 15 years instead of 30. And save yourself those last 15 years of payments. This will save you $95,000!
Read more! ¶ 4:35 PM 0 comments
Thursday, August 10, 2006
Property: Centenary property for reconstruction
Here’s a rare piece of property: a Centenary Palace, located within the old city of Faro limits. Part of the medieval wall, that surrounded the city, is actually part of the property.
What can you Find Here?
600m2 of construction area, divided by 21 rooms and a private 530m2 gardens, surrounded by the centenary walls in total privacy. This garden features ancient trees and with a bit of work, can be turned into a paradisiacal retreat. Had it a pool and you can’t ask for a better place in the middle of the city.
The Property needs major repairs and it can be turned into one luxury mansion, or castle, for that matter. It can be turned into a small family, luxury condominium. Or it can be transformed into a nice B&B. It’s your call.
Curiosity:
Back in 1858, the property owner; the Count of St.ª Maria Cape, whom was also the city President, had a watch tower built in the wall (still there, standing still). The purpose of that tower was to help communications between him and is Employees. This count was also the owner of a tuna fishing company. Whenever the fisherman’s would return from the sea, they would lift a flag. The colour of this flag would tell the watchmen in the tower, how many Kilos were fished that day.
Read more! ¶ 5:46 PM 0 comments
What can you Find Here?
600m2 of construction area, divided by 21 rooms and a private 530m2 gardens, surrounded by the centenary walls in total privacy. This garden features ancient trees and with a bit of work, can be turned into a paradisiacal retreat. Had it a pool and you can’t ask for a better place in the middle of the city.
The Property needs major repairs and it can be turned into one luxury mansion, or castle, for that matter. It can be turned into a small family, luxury condominium. Or it can be transformed into a nice B&B. It’s your call.
Curiosity:
Back in 1858, the property owner; the Count of St.ª Maria Cape, whom was also the city President, had a watch tower built in the wall (still there, standing still). The purpose of that tower was to help communications between him and is Employees. This count was also the owner of a tuna fishing company. Whenever the fisherman’s would return from the sea, they would lift a flag. The colour of this flag would tell the watchmen in the tower, how many Kilos were fished that day.
Read more! ¶ 5:46 PM 0 comments
Wednesday, August 02, 2006
Property: Rehab project on the beach
This is a commercial property comprising guest house, restaurant and apartment which has the potential to be converted to various other uses.
With stunning panoramic views over one of the most beautiful beaches of the Algarve and the Atlantic Ocean, a better location for almost any enterprise would be hard to find.
This property offers an exciting challenge to someone with imagination and flair.
Situated atop the cliffs of the Beach, in the heart of this large resort by a bustling estuary town, this property has huge potential for the creative developer or entrepreneur during a time of massive growth in the area.
There’s a catch! This property is situated in the main strip, with massive night life most part of the year, only comparable to Ibiza. Now, how do you look at the cup? Is it half empty? Or is it half full?
Overlooking the Atlantic Ocean and the beach to the South, alongside the main promenade to the North This incredible property is just waiting for its new owner to give it a new life.
Have a look at the pictures. If you like what you see and feel that this could be your project, just contact me.
The beach in front.
The building. The property actually finishes on the beach!
Read more! ¶ 12:43 PM 0 comments
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This is a commercial property comprising guest house, restaurant and apartment which has the potential to be converted to various other uses.
With stunning panoramic views over one of the most beautiful beaches of the Algarve and the Atlantic Ocean, a better location for almost any enterprise would be hard to find.
This property offers an exciting challenge to someone with imagination and flair.
Situated atop the cliffs of the Beach, in the heart of this large resort by a bustling estuary town, this property has huge potential for the creative developer or entrepreneur during a time of massive growth in the area.
There’s a catch! This property is situated in the main strip, with massive night life most part of the year, only comparable to Ibiza. Now, how do you look at the cup? Is it half empty? Or is it half full?
Overlooking the Atlantic Ocean and the beach to the South, alongside the main promenade to the North This incredible property is just waiting for its new owner to give it a new life.
Have a look at the pictures. If you like what you see and feel that this could be your project, just contact me.
The beach in front.
The building. The property actually finishes on the beach!Read more! ¶ 12:43 PM 0 comments
Tuesday, July 25, 2006
Real Estate Guide: Taking Photos of Your Home for Listings
If you are considering selling your property, you will need photographs for your marketing efforts. If you are going to take the photographs yourself, here are some tips.
I love reading National Geographic to see the amazing photographs of far off places I will probably never visit. I consistently play the lotto, but one has to be realistic. Regardless, the photographs are works of art and I often find myself wishing I could go to the location in the photograph. This is true even though I had no knowledge of the place until I saw the photograph and probably would have blanched had anyone suggested such a trip. This is the power of a good photograph.
Photographs of properties in marketing materials should inspire the same type of response from homebuyers. Make no mistake about it, your photographs represent the first impression, known a curb appeal, the buyer will have of your property. Given this fact, it is vital that your photographs present the best aspects of your property. Simply walking out to the curb and firing off a couple snapshots is a mistake of the highest order. Don’t do it!
At this point, you should consider using a professional photographer. They understand issues such as lighting, bordering, spacing and angles. Trust me, they are worth every penny.
Assuming you are going to shoot the pictures yourself, consider the following tips:
1. Lighting is critical. First, make sure there is enough light to detail what you are shooting. On the other hand, try to avoid situations where the entire picture is to bright. Strategic shadows in a corner can add definition and the impression of uniqueness.
2. If you have a view, make sure to take a picture of it. If the view can be seen from inside the home, make sure the photograph shows as much by taking it from the interior. You want the photograph to contain some evidence that the view can be seen from inside.
3. When it comes to the front of your home, don’t take a flat picture. A flat picture is when you shoot the home dead on. Stand off to one side or the other to give it some definition.
4. On interior shoots, add props to the room such as flowers. Make sure drapes and so on are positioned in an attractive manner. Hide all cords. Really hide all pets!
5. Experiment with angles. Taking pictures of your home is not a task to be done as quickly as possible. Take as many photographs as possible and then pick out the best. This is what professional photographers do.
Taking photographs of your property is hardly a difficult task. That being said, if you put a bit of thought and effort into it, you can make your listing stand out from the others on the market.
By: Raynor James is with the site - FSBOAmerica.org - FSBO homes for sale by owner.
Article Source: http://EzineArticles.com
Read more! ¶ 11:43 PM 0 comments
I love reading National Geographic to see the amazing photographs of far off places I will probably never visit. I consistently play the lotto, but one has to be realistic. Regardless, the photographs are works of art and I often find myself wishing I could go to the location in the photograph. This is true even though I had no knowledge of the place until I saw the photograph and probably would have blanched had anyone suggested such a trip. This is the power of a good photograph.
Photographs of properties in marketing materials should inspire the same type of response from homebuyers. Make no mistake about it, your photographs represent the first impression, known a curb appeal, the buyer will have of your property. Given this fact, it is vital that your photographs present the best aspects of your property. Simply walking out to the curb and firing off a couple snapshots is a mistake of the highest order. Don’t do it!
At this point, you should consider using a professional photographer. They understand issues such as lighting, bordering, spacing and angles. Trust me, they are worth every penny.
Assuming you are going to shoot the pictures yourself, consider the following tips:
1. Lighting is critical. First, make sure there is enough light to detail what you are shooting. On the other hand, try to avoid situations where the entire picture is to bright. Strategic shadows in a corner can add definition and the impression of uniqueness.
2. If you have a view, make sure to take a picture of it. If the view can be seen from inside the home, make sure the photograph shows as much by taking it from the interior. You want the photograph to contain some evidence that the view can be seen from inside.
3. When it comes to the front of your home, don’t take a flat picture. A flat picture is when you shoot the home dead on. Stand off to one side or the other to give it some definition.
4. On interior shoots, add props to the room such as flowers. Make sure drapes and so on are positioned in an attractive manner. Hide all cords. Really hide all pets!
5. Experiment with angles. Taking pictures of your home is not a task to be done as quickly as possible. Take as many photographs as possible and then pick out the best. This is what professional photographers do.
Taking photographs of your property is hardly a difficult task. That being said, if you put a bit of thought and effort into it, you can make your listing stand out from the others on the market.
By: Raynor James is with the site - FSBOAmerica.org - FSBO homes for sale by owner.
Article Source: http://EzineArticles.com
Read more! ¶ 11:43 PM 0 comments
Thursday, July 20, 2006
Property: Taste of Japan in middle of Algarve
This ground floor house is situated in Southern Portugal, Algarve. Built from 1991-1993 in combination of Japanese classical architecture with European luxury and American Standard, on 315 meters above the sea level, 24 km from the airport of Faro.
The built area is 500 M2 (five hundred square meters) of the most exquisite style among the modern villas.
The construction material is imported from Japan, USA, Italy and France.
One symphony of French Oakwood, Italian grey purple granite, Japanese black slate stone and African mahogany treated in Italy.
Gardens area of 3,500 M2 (three thousands five hundred square meters) in Japanese style is divided in three parts.
Before the main gate entrance to the garden there is a huge parking space, a stone garden surrounded by palm and pine trees, all around a wooden fence. From there you enter into a big garage with two remote control doors.
From the main entrance is another stone garden with very high bamboo trees planted around a pond with a waterfall, lush of fishes, and a wooden Japanese bridge crossing the entrance from the garage area to the main entrance of the house.
The second part of the garden is green with the highest bamboo I’ve ever seen. In the garden you can find ten by five meters covered swimming pool with heated air and water, what practically gives you the possibility to enjoy the swimming pool all around the year, during the day and night as well.
You will also find in the garden a separate house dimensions 3, 30 x 5, 50 meters presently a Meditation room, which could serve a new owner for different purposes. (Guest room, office, winter tea house or bedroom). In this part of the garden there is also an area with two original Brazilian hammocks, where you can enjoy the afternoon breeze.
The house is covered with security cameras and sensors that detect every movement around the house.
The villa contains four bedrooms; of these one is a master bedroom with fifty square meters. In front of the beds is a stone fire place imported from France. In the bedroom area there’s a Jacuzzi, a sauna, big walk-in closet and separate stone cabins with shower, toilet and washing basins, and another three bedrooms each with their own bathrooms.
Spacious living room with an open fire place imported from France, and very original sunken dinning area in front of an aquarium hundred eighty by hundred centimeters, built in the wall and receiving natural light from the outside.
Beside the main living area there is a tea room surrounded by Belgium tinted glass, with the view of the bamboo forest, and the swimming pool.
Among the other spaces there is a small dinning room with a bar and closed fire place.
By the garage area there are rooms for servants with a bathroom, additional kitchen, working room, and space for drying laundry.
In every room and kitchen as well, there is an air-condition unit installed for the heating and cooling, and also the house has modern central heating by oil.
The kitchen is built in Italian grey purple granite with two washing basins designed by a worldwide-known fashion designer. Owner’s good who’s name I’m not going to tell, because you wouldn’t believe me (let’s just say is first name starts with a ‘C’, and the last name with a ‘K’).
In front of the swimming pool there is an opened dinning area covered by natural Indonesian straw with a barbecue place, refrigerator and stone thirteenth century washing basin.
Included in the price of the property are: fully furnished rooms, two parabolic motorized antennas with receptions of 350 channels including all movies channels with decoders, HI-FI of the highest quality and ISDN & ADSL connections 5 phone lines, modern Siemens switchboard connecting all rooms by wireless interphone. Fully equipped kitchen with electronic cookers, washing machine, refrigerator, freezer, and all other kitchen equipment.
Asking price for this property: 725.000,00€ Why is this a good business? Considering the quality of everything inside and outside the house, the quality of the surroundings and the quality of life you’ll find in here, I know for sure, the property is well, well worth almost the double!
Read more! ¶ 5:52 PM 0 comments
This ground floor house is situated in Southern Portugal, Algarve. Built from 1991-1993 in combination of Japanese classical architecture with European luxury and American Standard, on 315 meters above the sea level, 24 km from the airport of Faro.
The built area is 500 M2 (five hundred square meters) of the most exquisite style among the modern villas.
The construction material is imported from Japan, USA, Italy and France.
One symphony of French Oakwood, Italian grey purple granite, Japanese black slate stone and African mahogany treated in Italy.
Gardens area of 3,500 M2 (three thousands five hundred square meters) in Japanese style is divided in three parts.
Before the main gate entrance to the garden there is a huge parking space, a stone garden surrounded by palm and pine trees, all around a wooden fence. From there you enter into a big garage with two remote control doors.
From the main entrance is another stone garden with very high bamboo trees planted around a pond with a waterfall, lush of fishes, and a wooden Japanese bridge crossing the entrance from the garage area to the main entrance of the house.
The second part of the garden is green with the highest bamboo I’ve ever seen. In the garden you can find ten by five meters covered swimming pool with heated air and water, what practically gives you the possibility to enjoy the swimming pool all around the year, during the day and night as well.
You will also find in the garden a separate house dimensions 3, 30 x 5, 50 meters presently a Meditation room, which could serve a new owner for different purposes. (Guest room, office, winter tea house or bedroom). In this part of the garden there is also an area with two original Brazilian hammocks, where you can enjoy the afternoon breeze.
The house is covered with security cameras and sensors that detect every movement around the house.
The villa contains four bedrooms; of these one is a master bedroom with fifty square meters. In front of the beds is a stone fire place imported from France. In the bedroom area there’s a Jacuzzi, a sauna, big walk-in closet and separate stone cabins with shower, toilet and washing basins, and another three bedrooms each with their own bathrooms.
Spacious living room with an open fire place imported from France, and very original sunken dinning area in front of an aquarium hundred eighty by hundred centimeters, built in the wall and receiving natural light from the outside.
Beside the main living area there is a tea room surrounded by Belgium tinted glass, with the view of the bamboo forest, and the swimming pool.
Among the other spaces there is a small dinning room with a bar and closed fire place.
By the garage area there are rooms for servants with a bathroom, additional kitchen, working room, and space for drying laundry.
In every room and kitchen as well, there is an air-condition unit installed for the heating and cooling, and also the house has modern central heating by oil.
The kitchen is built in Italian grey purple granite with two washing basins designed by a worldwide-known fashion designer. Owner’s good who’s name I’m not going to tell, because you wouldn’t believe me (let’s just say is first name starts with a ‘C’, and the last name with a ‘K’).
In front of the swimming pool there is an opened dinning area covered by natural Indonesian straw with a barbecue place, refrigerator and stone thirteenth century washing basin.
Included in the price of the property are: fully furnished rooms, two parabolic motorized antennas with receptions of 350 channels including all movies channels with decoders, HI-FI of the highest quality and ISDN & ADSL connections 5 phone lines, modern Siemens switchboard connecting all rooms by wireless interphone. Fully equipped kitchen with electronic cookers, washing machine, refrigerator, freezer, and all other kitchen equipment.
Asking price for this property: 725.000,00€ Why is this a good business? Considering the quality of everything inside and outside the house, the quality of the surroundings and the quality of life you’ll find in here, I know for sure, the property is well, well worth almost the double!
Read more! ¶ 5:52 PM 0 comments
Property: Gorgeous 3+1 bedroom Villa with Moorish influence
As you arrive to the gates of this property, surrounded by tall trees and walls, it becomes hard to guess what to expect inside.
It’s only when you cross the first gates, revealing a parking area with 2 outside parking spaces and a garage, and arrive to the second set of gates, that the charm of this property starts revealing it self.
As you walk inside, you’re welcomed with luxurious and leafy green gardens, and you start noticing discrete Moorish influences as you head to the pool.
There’s not one centimetre of this 2000m2 property that hasn’t been carefully planned and covered with beautiful and healthy plants or grass.
The interior is equally appealing as there is plenty of natural light to enhance the clever features of this Villa; 1 bedroom, 1suite with dressing room, 1 master suite with a huge 40m2 dressing/bath room that also supports the pool…ideal for when you have visits, living room, laundry and storage, breakfast room, fully equipped American-style kitchen, indoor patio, total of 3 bathrooms, all ground floor.
Outside we can also find a nice barbecue, a gorgeous swimming pool with very pleasant covered terrace, a green area with volleyball net, a beautiful lake and a ‘granny-annexe’.
Just outside Quarteira, if there’s a place one can experiment the laid back way of living in the Algarve…this is it!
Asking price for this property? 845.000,00€. Is it negotiable?...it doesn’t hurt to ask…
Read more! ¶ 5:01 PM 0 comments
As you arrive to the gates of this property, surrounded by tall trees and walls, it becomes hard to guess what to expect inside.
It’s only when you cross the first gates, revealing a parking area with 2 outside parking spaces and a garage, and arrive to the second set of gates, that the charm of this property starts revealing it self.
As you walk inside, you’re welcomed with luxurious and leafy green gardens, and you start noticing discrete Moorish influences as you head to the pool.
There’s not one centimetre of this 2000m2 property that hasn’t been carefully planned and covered with beautiful and healthy plants or grass.
The interior is equally appealing as there is plenty of natural light to enhance the clever features of this Villa; 1 bedroom, 1suite with dressing room, 1 master suite with a huge 40m2 dressing/bath room that also supports the pool…ideal for when you have visits, living room, laundry and storage, breakfast room, fully equipped American-style kitchen, indoor patio, total of 3 bathrooms, all ground floor.
Outside we can also find a nice barbecue, a gorgeous swimming pool with very pleasant covered terrace, a green area with volleyball net, a beautiful lake and a ‘granny-annexe’.
Just outside Quarteira, if there’s a place one can experiment the laid back way of living in the Algarve…this is it!
Asking price for this property? 845.000,00€. Is it negotiable?...it doesn’t hurt to ask…
Read more! ¶ 5:01 PM 0 comments
Monday, July 17, 2006
Property: Commercial opportunity in the heart of Vilamoura
One of the last remaining commercial areas within, the heart of Vilamoura and close to the main hotels with a total combined area of approximately 1680m2. Parking is not a problem as there is an abundant parking space close by.
The area is divided in two, but can be joined up to create one spacious area. This space holds a license for gym or supermarket respectively but may be used for other commercial means as long as the project is approved.
The gym section comes equipped with an indoor pool and the pump-house is separate. A squash court with natural light, two reception areas, a gym zone for all workout machinery, WC´s for Ladies and Gents and with locker room area. 5 smaller rooms for steam bath, sauna and massage cabins. The entrance is visible from the main street and receives natural light as well.
The supermarket area has one office and WC´s for both Ladies and Gents and a small store room. A central extractor and inlet air system machine room is near the office room. One entrance visible from the main avenue and also receives natural light. The other entrance is situated at the back and may only be accessed by the property owners within the Aparthotel (Apartment Hotel).
This commercial area also comes with two underground parking spaces and one extra storage room.
Read more! ¶ 12:16 PM 0 comments
One of the last remaining commercial areas within, the heart of Vilamoura and close to the main hotels with a total combined area of approximately 1680m2. Parking is not a problem as there is an abundant parking space close by.
The area is divided in two, but can be joined up to create one spacious area. This space holds a license for gym or supermarket respectively but may be used for other commercial means as long as the project is approved.
The gym section comes equipped with an indoor pool and the pump-house is separate. A squash court with natural light, two reception areas, a gym zone for all workout machinery, WC´s for Ladies and Gents and with locker room area. 5 smaller rooms for steam bath, sauna and massage cabins. The entrance is visible from the main street and receives natural light as well.
The supermarket area has one office and WC´s for both Ladies and Gents and a small store room. A central extractor and inlet air system machine room is near the office room. One entrance visible from the main avenue and also receives natural light. The other entrance is situated at the back and may only be accessed by the property owners within the Aparthotel (Apartment Hotel).
This commercial area also comes with two underground parking spaces and one extra storage room.
Read more! ¶ 12:16 PM 0 comments
Wednesday, July 05, 2006
Property: 4 bedroom apartment with stunning views in Quarteira
How would you like to wake up in the morning, step into your balcony, and enjoy this incredible view?
How would you like to seat down for a delicious and relaxed breakfast with the ocean breeze and warm, morning sun as your company?
How good it would be to know that the beach is just there, across the road, but for now…you’ll just enjoy your breakfast looking from above, from the 8th floor, to the spectacular view!
We’re talking about almost 400m2 between 4 Balconies (like the one in the picture), 4 bedrooms, 4 bathrooms, kitchen, hall, huge living room and dinning room, all topped with a 360º view over the sea, city and country!
Quality of life is what this incredibly 4 bedroom, duplex penthouse will offer you.
Just Check out the pictures!!
Read more! ¶ 6:04 PM 0 comments
How would you like to wake up in the morning, step into your balcony, and enjoy this incredible view?
How would you like to seat down for a delicious and relaxed breakfast with the ocean breeze and warm, morning sun as your company?
How good it would be to know that the beach is just there, across the road, but for now…you’ll just enjoy your breakfast looking from above, from the 8th floor, to the spectacular view!
We’re talking about almost 400m2 between 4 Balconies (like the one in the picture), 4 bedrooms, 4 bathrooms, kitchen, hall, huge living room and dinning room, all topped with a 360º view over the sea, city and country!
Quality of life is what this incredibly 4 bedroom, duplex penthouse will offer you.
Just Check out the pictures!!
Read more! ¶ 6:04 PM 0 comments
Monday, July 03, 2006
Real Estate Guide: Why You Need to Find a Real Estate Agent Before Buying a House?
Buying a home is a major commitment in terms of both time and money. There are many things to consider when purchasing a home, and the services of a Real Estate Agent can be a big help when navigating this somewhat confusing world.
A Real Estate Agent is a professional who is trained in the ins and outs of the real estate industry. He or she will be able to guide you through the entire home selection and home buying process.
A realtor can also help the buyer to understand any disclosures and disclaimers that are being made by the seller. The real estate professional will know what questions to ask to bring out the information the buyer needs. The Realtor will know if there’s a particular issue regarding the property you want and will make sure there are no hidden pitfalls in your new home.
Once you have found the home of your dreams and had it thoroughly inspected, your real estate professional can guide you through the negotiation process and help ensure you get the best possible deal. The realtor will have a good idea of the fair market value of the home, as well as any other offers that may be on the table. You can use this valuable information to make sure you get a good deal. The services of a qualified realtor can prevent you from overpaying while insuring that you get the home you want.
As you can see, the services of a realtor are important throughout the entire home buying process. From the time the decision is made to buy a home to the date of the closing, the services of a realtor can make the entire home buying process easier, more pleasant and more affordable.
What to Look for In a Real Estate Agent?
A good real estate agent can help the home buyer find the perfect home and avoid potential pitfalls. A home is a major purchase, and a major financial commitment such as this demands the services of a professional. While you may think you can do it alone, the services of a good real estate agent can be a huge help any time you are looking for a home or any other type of real estate.
First of all, make sure the real estate agent you chose, works with a fully licensed real estate agency. Such an agency will always be identified by is full legal name and is ‘AMI’ number. This should be easily spotted in every public display made by the agency (its mandatory by law), like “for sale” signs, web pages, newspaper signs, etc.
I totally advice to reject the services of part-time realtors or free lancers, because if anything goes wrong, you’re in trouble, and you’re on your own.
Another very important factor in choosing a real estate agent is his or her experience. It is particularly important that the real estate agent have experience that is relevant to the part of the real estate market you are entering. For instance, if you are searching for investment properties, you will want to use a real estate agent who understands the challenges and opportunities of buying and selling investment properties.
The first time home buyer, or the home buyer moving up to a larger house, will also want to look for years of experience in their real estate agent. Ask probing questions about the number of homes he or she has found for buyers, the number of houses he or she has sold, and the areas in which he or she specializes. All real estate agents are more familiar with some areas than others; you will want to find an agent who is familiar with the area where you are shopping.
A real estate agent who lives in the area in which you are interested may have more insight into the nature and character of the neighbourhood than an agent who lives elsewhere. As you know, location is a paramount consideration with any type of real estate, whether it is your primary residence or an investment property. The outlook of the area, and its prospects for growth, will in large measure determine the future direction of home prices. You naturally want your home to appreciate over time, so paying attention to the area in which you invest is an important consideration.
Of course you will also want to make sure that your real estate agent has the backing of a strong company behind them. The support provided by a major real estate company can be a big help in helping you find the best home for your lifestyle and your budget.
Read more! ¶ 11:55 AM 0 comments
A Real Estate Agent is a professional who is trained in the ins and outs of the real estate industry. He or she will be able to guide you through the entire home selection and home buying process.
A realtor can also help the buyer to understand any disclosures and disclaimers that are being made by the seller. The real estate professional will know what questions to ask to bring out the information the buyer needs. The Realtor will know if there’s a particular issue regarding the property you want and will make sure there are no hidden pitfalls in your new home.
Once you have found the home of your dreams and had it thoroughly inspected, your real estate professional can guide you through the negotiation process and help ensure you get the best possible deal. The realtor will have a good idea of the fair market value of the home, as well as any other offers that may be on the table. You can use this valuable information to make sure you get a good deal. The services of a qualified realtor can prevent you from overpaying while insuring that you get the home you want.
As you can see, the services of a realtor are important throughout the entire home buying process. From the time the decision is made to buy a home to the date of the closing, the services of a realtor can make the entire home buying process easier, more pleasant and more affordable.
What to Look for In a Real Estate Agent?
A good real estate agent can help the home buyer find the perfect home and avoid potential pitfalls. A home is a major purchase, and a major financial commitment such as this demands the services of a professional. While you may think you can do it alone, the services of a good real estate agent can be a huge help any time you are looking for a home or any other type of real estate.
First of all, make sure the real estate agent you chose, works with a fully licensed real estate agency. Such an agency will always be identified by is full legal name and is ‘AMI’ number. This should be easily spotted in every public display made by the agency (its mandatory by law), like “for sale” signs, web pages, newspaper signs, etc.
I totally advice to reject the services of part-time realtors or free lancers, because if anything goes wrong, you’re in trouble, and you’re on your own.
Another very important factor in choosing a real estate agent is his or her experience. It is particularly important that the real estate agent have experience that is relevant to the part of the real estate market you are entering. For instance, if you are searching for investment properties, you will want to use a real estate agent who understands the challenges and opportunities of buying and selling investment properties.
The first time home buyer, or the home buyer moving up to a larger house, will also want to look for years of experience in their real estate agent. Ask probing questions about the number of homes he or she has found for buyers, the number of houses he or she has sold, and the areas in which he or she specializes. All real estate agents are more familiar with some areas than others; you will want to find an agent who is familiar with the area where you are shopping.
A real estate agent who lives in the area in which you are interested may have more insight into the nature and character of the neighbourhood than an agent who lives elsewhere. As you know, location is a paramount consideration with any type of real estate, whether it is your primary residence or an investment property. The outlook of the area, and its prospects for growth, will in large measure determine the future direction of home prices. You naturally want your home to appreciate over time, so paying attention to the area in which you invest is an important consideration.
Of course you will also want to make sure that your real estate agent has the backing of a strong company behind them. The support provided by a major real estate company can be a big help in helping you find the best home for your lifestyle and your budget.
Read more! ¶ 11:55 AM 0 comments
Monday, June 26, 2006
Property:Four seafront units
Here’s a great deal! Four apartments on the seafront, with at least 25%return on the spot, guaranteed. How?
First, let me just mention the average price for a two bedroom apartment, on the sea front, in Quarteira: From 400.000€ if brand new and never less than 250.000€ for an old apartment (no lift, no parking), in need of some repairs.
Located on a third floor(top of the building), these are two bedroom apartments with one kitchen, one bathroom, one living room and one extra small room (can be an office, a child’s room, etc.) and two balconies, one facing the ocean, and the other in the back of the building with laundry area.
These apartments are in need of severe repairing.
Asking price for these apartments: 165.000€ as they are, or 199.000€ total repaired, featuring:
Total repairing of walls and ceiling with plaster and repainting.
Completely new doors, frames and wardrobes in solid wood.
New windows with electric shutters.
New floor
New Bathroom
New kitchen with furniture and totally equipped
Pre-installation of air conditioning.
New piping featuring PEX technology
New electricity wiring
New gas piping
Etc
If in a rush to sell, one can very reasonably get 50.000€ in return, per apartment.
If adding the potential for renting and the appreciation over the years, the return on this investment is very attractive.
Read more! ¶ 1:16 PM 0 comments
Here’s a great deal! Four apartments on the seafront, with at least 25%return on the spot, guaranteed. How?
First, let me just mention the average price for a two bedroom apartment, on the sea front, in Quarteira: From 400.000€ if brand new and never less than 250.000€ for an old apartment (no lift, no parking), in need of some repairs.
Located on a third floor(top of the building), these are two bedroom apartments with one kitchen, one bathroom, one living room and one extra small room (can be an office, a child’s room, etc.) and two balconies, one facing the ocean, and the other in the back of the building with laundry area.
These apartments are in need of severe repairing.
Asking price for these apartments: 165.000€ as they are, or 199.000€ total repaired, featuring:
Total repairing of walls and ceiling with plaster and repainting.
Completely new doors, frames and wardrobes in solid wood.
New windows with electric shutters.
New floor
New Bathroom
New kitchen with furniture and totally equipped
Pre-installation of air conditioning.
New piping featuring PEX technology
New electricity wiring
New gas piping
Etc
If in a rush to sell, one can very reasonably get 50.000€ in return, per apartment.
If adding the potential for renting and the appreciation over the years, the return on this investment is very attractive.
Read more! ¶ 1:16 PM 0 comments
Tuesday, June 20, 2006
Property: Off Plan Villas in Praia da Luz
We've all heard the old adage that real estate is all about 'Location, Location, Location' and ‘Moradias do Mar’ is a gleaming example..
Located in the heart of the Western Algarve in the beautiful and wild coast of ‘Praia da luz, this modern 4 bedroom, semidetached villas offer panoramic views of the Atlantic ocean.
With great attention to interior architectural detail, deluxe features offer residence amenities that include state of the art appliances and security features, gourmet kitchens, sumptuous baths, and much more. All designed to perform beyond your greatest expectations and enhance your uncompromising lifestyle.
Read more! ¶ 6:10 PM 0 comments
We've all heard the old adage that real estate is all about 'Location, Location, Location' and ‘Moradias do Mar’ is a gleaming example..
Located in the heart of the Western Algarve in the beautiful and wild coast of ‘Praia da luz, this modern 4 bedroom, semidetached villas offer panoramic views of the Atlantic ocean.
With great attention to interior architectural detail, deluxe features offer residence amenities that include state of the art appliances and security features, gourmet kitchens, sumptuous baths, and much more. All designed to perform beyond your greatest expectations and enhance your uncompromising lifestyle.
Read more! ¶ 6:10 PM 0 comments
Tuesday, June 13, 2006
Property: Remaining piece of Paradise in Algarve
Plot of land with 1655m2, situated in the area of Albufeira. Located about 100m from the beach, this property is all about location, location, location. And it gets better...this plot of land is sold with construction project already approved, with the following characteristics:
5 bedrooms ( each with 30m2), all with bathroom and clothing room, living room with 70m2 and dinning room with 30m2.
Total ground floor area: 400m2
Basement (garage): 400m2
Total area of the house: 800m2
According to the license, there’s also the possibility to build another 50m2 in the first floor.
This plot is on the edge of the government protected area, so, you can rest assure no more construction will be allowed anywhere close to this plot (let alone in front).
Great opportunity to get your own house on the beach, or acquire an investment with a huge return.
Want to know more? alvarojustino@gmail.com
Read more! ¶ 11:17 AM 0 comments
Plot of land with 1655m2, situated in the area of Albufeira. Located about 100m from the beach, this property is all about location, location, location. And it gets better...this plot of land is sold with construction project already approved, with the following characteristics:
5 bedrooms ( each with 30m2), all with bathroom and clothing room, living room with 70m2 and dinning room with 30m2.
Total ground floor area: 400m2
Basement (garage): 400m2
Total area of the house: 800m2
According to the license, there’s also the possibility to build another 50m2 in the first floor.
This plot is on the edge of the government protected area, so, you can rest assure no more construction will be allowed anywhere close to this plot (let alone in front).
Great opportunity to get your own house on the beach, or acquire an investment with a huge return.
Want to know more? alvarojustino@gmail.com
Read more! ¶ 11:17 AM 0 comments
Thursday, June 08, 2006
Real Estate Guide: Selling a Property in Portugal
The following tips are given in the hope they will prove to be of some assistance to sellers, especially when selling a property in which you have enjoyed for many years.
Resale property is viewed by a potential buyer and in the back of his mind will always be the question - "Why is the property for sale?” The Agent will need a realistic answer.
Most sellers have a pre-conceived idea of the figure they wish to receive for their property. As there are many other factors, which affect the value a more realistic view is to obtain some valuations from chosen Real Estate Agents. A good Agent, will take into consideration the sellers point-of-view, plus their professional local knowledge of similar properties and the current market trends. Discuss with your Agent the policy to use in regard to pricing.
The seller should always bear in mind that a buyer is only interested in paying what they consider to be a reasonable price in relation to what they have been shown elsewhere. Instructing the Agent to market the property at a price determined only by the seller often becomes an obstacle in achieving a sale.
Choose your Real Estate Agent carefully, and we recommend that you do not use more than three, as the buyers tend to think negatively about a property that is being handled by "everyone"! Agents often specialize in certain segments of the market, and these should be considered in relation to the selling potential of a property. It is strongly recommended that you have the same market price for all Agents to avoid possible manipulation by prospective buyers.
Prepare a sales package for your real estate Agent.
Arrange for access to the property to be made as easy as possible. The buyers are normally viewing during a short visit to the Algarve and sales are often lost because of limitations created by the seller.
We strongly recommend that a seller carefully thinks about the risks involved before considering handing the property to sell to any individual who is not a Real Estate Agent. If anything later goes wrong these individuals have no legal responsibility in your sale and you may have involved a in serious legal problems.
Many properties in the past were purchased through an Offshore Company. This method places a property in the ownership of a Company that is registered outside Portugal through a Share Purchase Agreement. If the property is already in an Offshore Company it is safe to assume that the buyers lawyer will explain to his client the advantages and disadvantages about this type of ownership may recommend to dispense with the Offshore ownership.
The legal regulations relating to selling a property in Portugal are relatively uncomplicated and the movement of the resulting funds is unrestricted.
If selling is the intention of the owner then it makes very good sense to make sure that the property is placed where it will be best exposed to the potential market.
Firstly, there is the considerable convenience to owners in using a licensed Real Estate Agent - especially owners that are often tend to be absent.
Most Agents spend serious money in marketing their list of products in foreign markets.
Established Agents also enjoy many referrals from past contacts and clients.
Agents will use their professional skill in presenting a property to potential buyers which in turn increases the chance of a sale being achieved.
As most foreign buyers have little or no real knowledge of the Algarve an Agent has to invest considerable time to achieve each sale.
The market system in the Algarve is that a commission related by a percentage of the actual sales value is paid by the seller to the Real Estate Agent. It is not the normal practice for any commission to be paid by the buyer.
Agents will request a seller to sign a legally binding "Contrato de Mediação" which is a document required under law stating the terms of agreement, the details of the property, the price sought, and the commission that is to be paid to the Agent. In Portugal there are occasional agreements between the various Real Estate Agents. The usual position is that a commission is paid by the seller to the Agent that is chosen by the buyer. This is regardless of the possibility of other Agents being involved in the sale.
When an owner decides to sell a property it is necessary to check that they have all the necessary documentation and that it is up-to-date. It is advisable to have this package of documents ready to be given to each of the Real Estate Agents they have selected to represent their interests.
In the case of an Urban property the necessary documentation is as follows:
a) A photocopy of the Habitation License for property constructed after 1951 (Other documents may be required).
b) A photocopy of the Certificate of the insertion in the records of the Land Conservatory.
c) A photocopy of the detailed "Caderneta Urbana" from the Tax Office.
d) A photocopy of the "Escritura" when they originally purchased the property.
e) A photocopy of the Plans of the property.
f) A photocopy of any maintenance agreement, any regulations related to the re-sale or restrictions imposed by a developer.
g) A photocopy of the last payment of the "Contribuição Autárquica".
f) A photocopy of the ID and their "Contribuição Fiscal" from the Tax office for each of the owners named in the "Escritura" document.
In the case of a rural property an extra document is necessary which is a detailed description of the rural part of the property. This is named a "Caderneta Rústica" and it is issued by the local Tax Office.
Promissory Contract - In order to secure the Deal, it is advisable and usual in Portugal to sign a Promissory Contract of Purchase and Sale "contrato promessa de compra e venda", whereby all conditions, for the Sale agreed between the Vendor and the Buyer will be stated including completion date. A deposit is payable at the signature of the said contract and its amount subject to agreement between the parties. This promissory contract is also signed by both the vendor and the buyer and an agreed deposit is paid by the buyer to the vendor (normally 10% of the value of the property). This contract safeguards both parties; should the vendor not complete the sale, he is required by law to repay twice the amount of the deposit to the buyer. Should the buyer not complete the purchase, the vendor is entitled to retain the deposit paid.
Notarial deeds of Purchase and Sale completion is known in Portugal as "Escritura Pública de Compra e Venda" whereby ONLY THEN the ownership of the property is transferred to the Buyer. All the property documents must be submitted to the notary, together with the proof of payment of tax on the transfer of the property known as Municipal Transfer Tax (MTT) whenever applicable. This "escritura" is signed at a Notary's book on the date you have agreed to close the deal. At this same time the balance of the purchase price is paid to the vendor.
Read more! ¶ 12:17 PM 0 comments
Resale property is viewed by a potential buyer and in the back of his mind will always be the question - "Why is the property for sale?” The Agent will need a realistic answer.
Most sellers have a pre-conceived idea of the figure they wish to receive for their property. As there are many other factors, which affect the value a more realistic view is to obtain some valuations from chosen Real Estate Agents. A good Agent, will take into consideration the sellers point-of-view, plus their professional local knowledge of similar properties and the current market trends. Discuss with your Agent the policy to use in regard to pricing.
The seller should always bear in mind that a buyer is only interested in paying what they consider to be a reasonable price in relation to what they have been shown elsewhere. Instructing the Agent to market the property at a price determined only by the seller often becomes an obstacle in achieving a sale.
Choose your Real Estate Agent carefully, and we recommend that you do not use more than three, as the buyers tend to think negatively about a property that is being handled by "everyone"! Agents often specialize in certain segments of the market, and these should be considered in relation to the selling potential of a property. It is strongly recommended that you have the same market price for all Agents to avoid possible manipulation by prospective buyers.
Prepare a sales package for your real estate Agent.
Arrange for access to the property to be made as easy as possible. The buyers are normally viewing during a short visit to the Algarve and sales are often lost because of limitations created by the seller.
We strongly recommend that a seller carefully thinks about the risks involved before considering handing the property to sell to any individual who is not a Real Estate Agent. If anything later goes wrong these individuals have no legal responsibility in your sale and you may have involved a in serious legal problems.
Many properties in the past were purchased through an Offshore Company. This method places a property in the ownership of a Company that is registered outside Portugal through a Share Purchase Agreement. If the property is already in an Offshore Company it is safe to assume that the buyers lawyer will explain to his client the advantages and disadvantages about this type of ownership may recommend to dispense with the Offshore ownership.
The legal regulations relating to selling a property in Portugal are relatively uncomplicated and the movement of the resulting funds is unrestricted.
If selling is the intention of the owner then it makes very good sense to make sure that the property is placed where it will be best exposed to the potential market.
Firstly, there is the considerable convenience to owners in using a licensed Real Estate Agent - especially owners that are often tend to be absent.
Most Agents spend serious money in marketing their list of products in foreign markets.
Established Agents also enjoy many referrals from past contacts and clients.
Agents will use their professional skill in presenting a property to potential buyers which in turn increases the chance of a sale being achieved.
As most foreign buyers have little or no real knowledge of the Algarve an Agent has to invest considerable time to achieve each sale.
The market system in the Algarve is that a commission related by a percentage of the actual sales value is paid by the seller to the Real Estate Agent. It is not the normal practice for any commission to be paid by the buyer.
Agents will request a seller to sign a legally binding "Contrato de Mediação" which is a document required under law stating the terms of agreement, the details of the property, the price sought, and the commission that is to be paid to the Agent. In Portugal there are occasional agreements between the various Real Estate Agents. The usual position is that a commission is paid by the seller to the Agent that is chosen by the buyer. This is regardless of the possibility of other Agents being involved in the sale.
When an owner decides to sell a property it is necessary to check that they have all the necessary documentation and that it is up-to-date. It is advisable to have this package of documents ready to be given to each of the Real Estate Agents they have selected to represent their interests.
In the case of an Urban property the necessary documentation is as follows:
a) A photocopy of the Habitation License for property constructed after 1951 (Other documents may be required).
b) A photocopy of the Certificate of the insertion in the records of the Land Conservatory.
c) A photocopy of the detailed "Caderneta Urbana" from the Tax Office.
d) A photocopy of the "Escritura" when they originally purchased the property.
e) A photocopy of the Plans of the property.
f) A photocopy of any maintenance agreement, any regulations related to the re-sale or restrictions imposed by a developer.
g) A photocopy of the last payment of the "Contribuição Autárquica".
f) A photocopy of the ID and their "Contribuição Fiscal" from the Tax office for each of the owners named in the "Escritura" document.
In the case of a rural property an extra document is necessary which is a detailed description of the rural part of the property. This is named a "Caderneta Rústica" and it is issued by the local Tax Office.
Promissory Contract - In order to secure the Deal, it is advisable and usual in Portugal to sign a Promissory Contract of Purchase and Sale "contrato promessa de compra e venda", whereby all conditions, for the Sale agreed between the Vendor and the Buyer will be stated including completion date. A deposit is payable at the signature of the said contract and its amount subject to agreement between the parties. This promissory contract is also signed by both the vendor and the buyer and an agreed deposit is paid by the buyer to the vendor (normally 10% of the value of the property). This contract safeguards both parties; should the vendor not complete the sale, he is required by law to repay twice the amount of the deposit to the buyer. Should the buyer not complete the purchase, the vendor is entitled to retain the deposit paid.
Notarial deeds of Purchase and Sale completion is known in Portugal as "Escritura Pública de Compra e Venda" whereby ONLY THEN the ownership of the property is transferred to the Buyer. All the property documents must be submitted to the notary, together with the proof of payment of tax on the transfer of the property known as Municipal Transfer Tax (MTT) whenever applicable. This "escritura" is signed at a Notary's book on the date you have agreed to close the deal. At this same time the balance of the purchase price is paid to the vendor.
Read more! ¶ 12:17 PM 0 comments
Saturday, June 03, 2006
Real Estate Guide: Buying a Property in Portugal
Q. Who sets the price of the property in the Algarve?
Q. Do I need a fiscal number?
Q. Is there any condominium costs for the property?
Q. What additional costs are there to living in the Algarve?
Q. Do I need permission to purchase a holiday property in the Algarve?
Q. Do I have to be in the Algarve to complete the transaction?
Q. Can I take money in and out of the Algarve freely?
Q. In whose name should I purchase the holiday property in Algarve?
Q. Should I make a Will for my holiday property in the Algarve?
Q. What are the legal steps required to purchase a holiday property in the Algarve Portugal?
Q. Is there Inheritance Tax in Portugal?
Q. Who sets the price of the property?
A. If you are purchasing a holiday property on a new development in the Algarve, it will have been set by the developers/management company. Regardless of agent's commissions, you should still pay the same price whoever you purchase through ... whether you go direct or through a third party. Resale properties in the Algarve are usually handled by Government licensed Real Estate agents.
A. Going through a licensed company has several advantages: You will get to see a wide range of properties that suit your requirements; you will have the benefit of our many years experience, as well as fully staffed offices to support you in the all of the bureaucracy of the paper work. It will eliminate any possible language problems and it helps take away the stress and strain associated with purchasing a holiday home in the Algarve.
Q. Do I need a fiscal number?
A. Yes you need a fiscal number: an application has to be made to obtain a fiscal number. Without this fiscal number document, a buyer will not be able to complete the deed of purchase.
Q. is there any condominium costs for the property?
A. When buying a property in a condominium there are condominium costs. This condominium costs cover the maintenance of the condominium, example: garden, pool…. communal areas. Average charged prices per year: one bedroom apartment € 500, two bedroom apartment € 700.Independent villas don’t pay condominium.
Q. What additional costs are there?
A. You may be looking into your budget to purchase a property in the Algarve. You should be aware of the following costs (estimated)Notaries and registration fees - 1.5% of the purchase priceIMT transfer tax, as similar to UK stamp duty - up to 8% (depending on the type of property and price).
Real Estate Agent's fees (PAID BY THE SELLER ONLY, NOT BY THE BUYER) are usually subject to agreement.
We can recommend you a lawyer or solicitor (normal charge, 1% of the price of the property).
Q. Do I need permission to purchase a property in the Algarve?
A. Generally, no. Where necessary, a lawyer can apply for the permission for you.
Q. Do I have to be in the Algarve to complete the transaction?
A. In the event that you will not be able to attend the signature of the promissory contract and the "escritura", your lawyer will provide you with a power of attorney and advise you of the necessary formalities for this document to be prepared abroad and accepted in Portugal.
Q. Can I take money in and out of the Algarve freely?
A. Yes.
Q. In whose name should I purchase the holiday property?
A.There are a number of ways to purchase the property in the Algarve: In your own name, in the joint names of you and your partner, or co-purchaser(s), in the names of your adult children, or in the name of somebody who will eventually inherit the property from you, or In the name of your Company.
Q. Should I make a Will for my property in Portugal?
A. It is strongly recommended that once you have purchased a property in the Algarve Portugal in your own name, you instruct your lawyer to prepare a Will. You are allowed to have a Will for your Portuguese assets only, without replacing the main Will you may have in your own country. The most common type of Wills is also signed at the Portuguese Notary's books and is strictly private and confidential. With the right people assisting you, purchasing an overseas property can be an enjoyable and rewarding experience ... If you still have questions having read this section, please don't hesitate to contact me!
Q. What are the legal steps required to purchase a holiday property in the Algarve?
Step 1 - Property searches: we would call this phase the essence of buying a property in the Algarve. In order to make sure that the property you are willing to buy has a good clean title searches must be carried out, at least, in the following public departments: (Conservatória do Registo Predial) - Land Registry Department. This is a department where you will find information about property, i.e. ownership, description, mortgages, encumbrances and charges.( Repartição de Finanças) - Finance Department. You will also find in this department information about properties - their description and taxes, namely predial tax "IMI". Câmara Municipal - City Council. In this department you will find information about planning permission, possibility of construction in country areas, rules applicable to certain developments, approval of projects, building licences and habitation licences.
Step 2 - Promissory contract In order to secure the deal, it is advisable and usual in Portugal to sign a promissory contract "contrato promessa de compra e venda", whereby all conditions for the sale agreed with the vendor will be stated including completion date. A deposit is payable at the signature of the said contract and its amount subject to agreement between the parties. This promissory contract is also signed by both the vendor and the buyer and an agreed deposit is paid by the buyer to the vendor (normally 10% of the value of the property). This contract safeguards both parties; should the vendor not complete the sale, he is required by law to repay twice the amount of the deposit to the buyer. Should the buyer not complete the purchase, the vendor is entitled to retain the deposit paid.
At this stage you will need to decide whether you purchase the property in your name or you follow a different route. Nowadays with the changes in the law affecting offshore ownership companies this is no longer a route often chosen. A tax efficient way to purchase properties must be looked into case by case.
Step 3 - Notarial deed of purchase and sale completion is known in Portugal as "Escritura Pública de Compra e Venda" whereby the ownership of the property is transferred to you. All the property documents must be submitted to the notary, together with the proof of payment of tax on the transfer of the property known as Municipal Transfer Tax (MTT) whenever applicable. This "escritura" is signed at a Notary's book on the date you have agreed to close the deal. At this same time the balance of the purchase price is paid to the vendor.
Step 4 – Registration: Even though you have become the owner of the property, when you signed the "escritura", it is the registration of the property in your name, at the Land Registry Department, which grants you full security of ownership, as it will protect against claims by third parties.
Step 5 – Installation of water, gas and electricity—Applications for installation of water, gas and electricity where appropriate, are made to the authorities concerned, after the deeds have been affected.
Q. Is there Inheritance Tax in Portugal?
A. Inheritance Tax in respect of property has been abolished for persons with Portuguese residency - those with tax residency elsewhere will be liable (or not) under that jurisdiction.
A Will, It is highly recommended that once you have purchased a property in Portugal, in your own name, you have a Will for your Portuguese assets only.
We hope that the above summary will help you through the procedures of buying your home in the Algarve Portugal.
Read more! ¶ 11:50 AM 1 comments
Q. Do I need a fiscal number?
Q. Is there any condominium costs for the property?
Q. What additional costs are there to living in the Algarve?
Q. Do I need permission to purchase a holiday property in the Algarve?
Q. Do I have to be in the Algarve to complete the transaction?
Q. Can I take money in and out of the Algarve freely?
Q. In whose name should I purchase the holiday property in Algarve?
Q. Should I make a Will for my holiday property in the Algarve?
Q. What are the legal steps required to purchase a holiday property in the Algarve Portugal?
Q. Is there Inheritance Tax in Portugal?
Q. Who sets the price of the property?
A. If you are purchasing a holiday property on a new development in the Algarve, it will have been set by the developers/management company. Regardless of agent's commissions, you should still pay the same price whoever you purchase through ... whether you go direct or through a third party. Resale properties in the Algarve are usually handled by Government licensed Real Estate agents.
A. Going through a licensed company has several advantages: You will get to see a wide range of properties that suit your requirements; you will have the benefit of our many years experience, as well as fully staffed offices to support you in the all of the bureaucracy of the paper work. It will eliminate any possible language problems and it helps take away the stress and strain associated with purchasing a holiday home in the Algarve.
Q. Do I need a fiscal number?
A. Yes you need a fiscal number: an application has to be made to obtain a fiscal number. Without this fiscal number document, a buyer will not be able to complete the deed of purchase.
Q. is there any condominium costs for the property?
A. When buying a property in a condominium there are condominium costs. This condominium costs cover the maintenance of the condominium, example: garden, pool…. communal areas. Average charged prices per year: one bedroom apartment € 500, two bedroom apartment € 700.Independent villas don’t pay condominium.
Q. What additional costs are there?
A. You may be looking into your budget to purchase a property in the Algarve. You should be aware of the following costs (estimated)Notaries and registration fees - 1.5% of the purchase priceIMT transfer tax, as similar to UK stamp duty - up to 8% (depending on the type of property and price).
Real Estate Agent's fees (PAID BY THE SELLER ONLY, NOT BY THE BUYER) are usually subject to agreement.
We can recommend you a lawyer or solicitor (normal charge, 1% of the price of the property).
Q. Do I need permission to purchase a property in the Algarve?
A. Generally, no. Where necessary, a lawyer can apply for the permission for you.
Q. Do I have to be in the Algarve to complete the transaction?
A. In the event that you will not be able to attend the signature of the promissory contract and the "escritura", your lawyer will provide you with a power of attorney and advise you of the necessary formalities for this document to be prepared abroad and accepted in Portugal.
Q. Can I take money in and out of the Algarve freely?
A. Yes.
Q. In whose name should I purchase the holiday property?
A.There are a number of ways to purchase the property in the Algarve: In your own name, in the joint names of you and your partner, or co-purchaser(s), in the names of your adult children, or in the name of somebody who will eventually inherit the property from you, or In the name of your Company.
Q. Should I make a Will for my property in Portugal?
A. It is strongly recommended that once you have purchased a property in the Algarve Portugal in your own name, you instruct your lawyer to prepare a Will. You are allowed to have a Will for your Portuguese assets only, without replacing the main Will you may have in your own country. The most common type of Wills is also signed at the Portuguese Notary's books and is strictly private and confidential. With the right people assisting you, purchasing an overseas property can be an enjoyable and rewarding experience ... If you still have questions having read this section, please don't hesitate to contact me!
Q. What are the legal steps required to purchase a holiday property in the Algarve?
Step 1 - Property searches: we would call this phase the essence of buying a property in the Algarve. In order to make sure that the property you are willing to buy has a good clean title searches must be carried out, at least, in the following public departments: (Conservatória do Registo Predial) - Land Registry Department. This is a department where you will find information about property, i.e. ownership, description, mortgages, encumbrances and charges.( Repartição de Finanças) - Finance Department. You will also find in this department information about properties - their description and taxes, namely predial tax "IMI". Câmara Municipal - City Council. In this department you will find information about planning permission, possibility of construction in country areas, rules applicable to certain developments, approval of projects, building licences and habitation licences.
Step 2 - Promissory contract In order to secure the deal, it is advisable and usual in Portugal to sign a promissory contract "contrato promessa de compra e venda", whereby all conditions for the sale agreed with the vendor will be stated including completion date. A deposit is payable at the signature of the said contract and its amount subject to agreement between the parties. This promissory contract is also signed by both the vendor and the buyer and an agreed deposit is paid by the buyer to the vendor (normally 10% of the value of the property). This contract safeguards both parties; should the vendor not complete the sale, he is required by law to repay twice the amount of the deposit to the buyer. Should the buyer not complete the purchase, the vendor is entitled to retain the deposit paid.
At this stage you will need to decide whether you purchase the property in your name or you follow a different route. Nowadays with the changes in the law affecting offshore ownership companies this is no longer a route often chosen. A tax efficient way to purchase properties must be looked into case by case.
Step 3 - Notarial deed of purchase and sale completion is known in Portugal as "Escritura Pública de Compra e Venda" whereby the ownership of the property is transferred to you. All the property documents must be submitted to the notary, together with the proof of payment of tax on the transfer of the property known as Municipal Transfer Tax (MTT) whenever applicable. This "escritura" is signed at a Notary's book on the date you have agreed to close the deal. At this same time the balance of the purchase price is paid to the vendor.
Step 4 – Registration: Even though you have become the owner of the property, when you signed the "escritura", it is the registration of the property in your name, at the Land Registry Department, which grants you full security of ownership, as it will protect against claims by third parties.
Step 5 – Installation of water, gas and electricity—Applications for installation of water, gas and electricity where appropriate, are made to the authorities concerned, after the deeds have been affected.
Q. Is there Inheritance Tax in Portugal?
A. Inheritance Tax in respect of property has been abolished for persons with Portuguese residency - those with tax residency elsewhere will be liable (or not) under that jurisdiction.
A Will, It is highly recommended that once you have purchased a property in Portugal, in your own name, you have a Will for your Portuguese assets only.
We hope that the above summary will help you through the procedures of buying your home in the Algarve Portugal.
Read more! ¶ 11:50 AM 1 comments
Thursday, June 01, 2006
Why buy in the Algarve?
Read more! ¶ 10:46 PM 0 comments
With a Mediterranean climate, marked by the smell of the sea at low tide, the summers are never too hot and the winters never too cold. In fact, the climate can be so pleasant, that in any time of the year, it’s not unusual to find people lying down on glorious, golden beach beneath exhilarating azure skies.
The only things missing in Algarve that you can find in other sunny places of the world are... high crime rates, pollution, hurricanes…and stress!
The laid back culture and way of life will grow infectious the longer you stay here, has so many foreigners who decided to make the Algarve their Home, will confirm you.
Some of the best golf courses in the world and world class beaches! Lovely tradition and great sea food, the Algarve as it all!
Tourism has brought considerable prosperity and contributed to the overall economic strength.
The coast of living here is less than other European destinations.
The legal system gives foreign buyers and property owners the same rights and protection as those enjoyed by local citizens.
New legislation has even abolished inheritance tax for family members and house purchase taxes have been reduced.
With growing popularity and increasing property prices in the region, the returns to be made are very attractive. If you couple that with the great, all year round, rental potential, the question to make is not will you make money, is how much will you make.
In fact, on the channel fours program ‘A place in the Sun’, edition entitled 'the best 20 destinations to buy property in the sun', several destinations were ranked according to price, position and potential, with Algarve being voted as nº1, anywhere in the world.
Read more! ¶ 10:46 PM 0 comments
