Vale do Lobo has seen a 374% increase in plot sales and over 156% increase in overall real estate sales in 2021 when compared to 2020. Once again, this surge in real estate purchases confirms the Algarve resort is the destination of choice for British buyers seeking the best of both worlds.
Following a period of time that has inspired a worldwide re-evaluation of lifestyle priorities putting a greater emphasis on community, keeping active and a better work/ life balance, many British citizens are seeking a move to Portugal, enticed by the sun and sea. As a result, Vale do Lobo, an iconic beachfront resort in the Algarve, reveals a surge of over 156% in real estate sales in 2021. Its broad property portfolio includes detached luxury villas ranging from €3M to €6M, to select prime homes starting from €10M. The high-end townhouses starting from €1M have generated large amounts of interest from buyers looking for a second home that offers them the ability to work their 9-5 and take advantage of the surrounding amenities. Incredibly popular with buyers looking to be close to the beach, phase I of the Oceano Townhouses sold rapidly, with the anticipated launch of further three-bedroom luxury townhouses in phase II already generating more interest.
Positioned in southern Portugal’s scenic Algarve region, Vale do Lobo’s premium luxury properties are in high demand from affluent buyers seeking the area’s desirable lifestyle, and a home that speaks to their wants and needs. The latest figures also show that Vale do Lobo’s plots have seen high attention from keen buyers looking to build their oceanside dream home from scratch, and the resort has plots in stunning positions to suit many personal visions. In 2021, sales of individual plots of land within Vale do Lobo have increased by over 374%, showing a new demand for buyers to have more control over creating a home uniquely tailored to their needs and lifestyle. With Vale do Lobo’s dedicated team of specialist architects on hand, buyers are able to design their own bespoke villa built upon their selected plot. Ideal for sun seekers looking to create their dream oceanside paradise, the last remaining plots in Oceano Clube at Vale do Lobo offer the perfect location to build the perfectly suited second home. The premium plots positioned right next to the sea offer stunning views of the Atlantic Ocean. Vale do Lobo has just completed the sale of the highest priced plot ever – €6 million – which shows that demand is strong among high-net-worth individuals.
For keen golfers, Vale Real will be the newest development of exclusive properties and plots to be released by the resort. Set in a tranquil and spectacular location alongside the golf course, it offers the best of the area’s natural beauty combined with panoramic golf course views.
The sustained interest in Vale do Lobo properties signals a change in priorities prompted by the COVID-19 pandemic. As remote working becomes the norm, many are revaluating their work/ life balance and placing a priority on enjoying the outdoors and a community environment. The Algarve is renowned for being one of the healthiest and happiest places to call home, and the resort’s residents are perfectly positioned to enjoy the best of a Mediterranean lifestyle. Due to remote working and wanting to live life to the full, Vale do Lobo has noticed owners are increasingly visiting more frequently and for longer periods than they did before the pandemic to enjoy their property, the resort, the weather and the community. They now have the opportunity of working and still experiencing the active, outdoor lifestyle of the resort. At Vale do Lobo, buyers have access to world-class golf courses and tennis courts on-site, a nearby beach, the vibrant ‘Praça’, an array of wellness activities and, most importantly, a strong community feel.
Pedro Reimão, Executive Board Member at Vale do Lobo, comments: “Portugal’s Golden Visa scheme coupled with the lifestyle shift caused by the pandemic has inspired a surge of welcome interest in Portuguese properties as UHNWIs are revaluating their work/ life balance and placing a priority on enjoying the outdoors and seeking a strong sense of community when purchasing a property abroad. We have seen an increase in plot sales of over 300% in 2021 compared to 2020 and have noticed that buyers are especially interested in plots over €1.5 million, well suited to design and build a dream villa. It shows that Vale do Lobo properties are premium assets; an investment haven offering value protection and potential for growth even in uncertain times. Buyers are also realising that a second home in Vale do Lobo is not so ‘second’ at all, as they can work remotely, stay for longer periods and achieve an even better balance in their lives. This is fostered by our unique community environment. We offer the perfect mix of strong social energy, enviable amenities ranging from lush golf courses to wellness activities, and breath-taking natural landscapes, including pristine beaches and pervasive pine tree woods. Vale do Lobo offers a natural choice for homebuyers seeking this laid-back yet active lifestyle. The UK and Ireland have remained our strongest source markets and as we move closer to the end of 2021, we anticipate an added surge from buyers looking to complete deals ahead of the New Year.”