By: INÊS LOPES
A NEW concept real estate agent, focusing on the niche in the market to sell previously owned resort properties, has been launched in the Algarve.
Resort Resales Algarve, which inaugurated its new office in Praia da Luz, Lagos, on Friday, is a one-stop shop for clients looking for property across prime resorts in the western Algarve.
Independent from the developers, Resort Resales Algarve has sales personnel who specialise in resort re-sales. Property listings are generated from owners either selling to move off resort, those upgrading to larger homes or empty nesters looking for smaller properties.
David Westmoreland, director of Resort Resales Algarve, told The Resident: We know all the resorts in the western Algarve, their property types and specifications. We will listen to client s requirements and produce a balanced selection of options, which meet their buying criteria and budget. The western Algarve holiday home market splits into two key areas, independent properties and resort properties, the latter having a sales strategy that does not focus on re-sale homes. According to the company, the concept of a resort re-sales specialist has been well received by developers, who have acknowledged the idea and the need for this service, such as the Oceanico Group, which has appointed Resort Resales Algarve as their preferred resale partner.
The real estate agency claims to be the only service of its kind in the region and currently has properties available for sale at several of the western Algarve s top resorts.