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Golf Is A driver For Algarve Property Investment
August 31, 2009Article by Ray Withers
Buying Algarve property on a golf resort development is on a par with buying property on a course anywhere else in the world, according to international property consultants Property Frontiers.The Algarve has more than 30 top class courses that host the cream of World and European golf events each year.The country is also in the running for the 2018 Ryder Cup competition.
“A unbeatable combination of world class beaches and golf courses combined with a sensational climate, has led tourism to be the main driver of the Algarve economy,” said Property Frontiers director Ray Withers.
“The Algarve is visited by golfers from all around the world. The eight times consecutive host of the European Seniors Tour Qualifying final, Vale de Pinta is rightfully respected.”
Properties in the exclusive Vale Da Pinta golf development have been in high demand and few are unsold.
Property Frontiers has negotiated a deal for a small number of luxuriously completed linked villas and one-bedroom apartments, overlooking the golf academy and course.These twelve two and three bedroom villas and seven one bedroom apartments, are on the market at a 20% discount to current bank valuation and come with 100% finance.
The mortgage offers a low interest rate and a five-year interest only period.Each villa or apartment is finished to an excellent standard. Prices are £200,000 for a one bed apartments and £345,500 for a two bed villa and £371,650 for a three bed villaOwners have access to extensive resort facilities and a dedicated on site property rental and management office.
Such locations come at a premium in the Algarve as the golf access drives much greater rental demand through the winter season. It also offers a great lifestyle choice as the quality combined with facilities means the property can be enjoyed and rented out with minimum hassle
As an additional benefit all investors who choose to purchase a property within this development receive a £26,000 (€30,000) membership to the Gramacho and Vale da Pinta golf courses.Vale Da Pinta is in a superb location that is a reasonable, short drive from the busy airport hub at Faro.
If you don’t want to spend all your time playing golf, Vale Da Pinta, is only a few miles from the sea and sandy beaches. The development is also midway between the popular holiday cities of Albufeira and Lagos.