QP Savills proudly present Marriott’s new W Residences, Algarve

Located just 350 meters from the beach, owners can enjoy all-day dining, spa and spectacular pools. A limited collection of 1-3 bed apartments and 3-bed duplex penthouses with pool and sea views. Phase 2 sold out quickly, phase 3 now released! Prices from €625,000 to €2,850,000

Text Kerstin Buechner, Director QP Savills

QP Savills are one of the largest property agents in the Algarve with a long history and unrivalled expertise in dealing with top properties across the coast. They have been Savills associates for over 20 years and have four local offices. Owners, directors, and sisters (and usually best friends) Kerstin Buechner and Alison Hojbjerg could not be prouder of their team of 22 Special Agents, as they have become known.

“When we started over 20 years ago out of a small office in Quinta do Lago we were three people and all shared one computer,” Alison recalls. All these years later, and with a lot of hard work, commitment to excellence and providing a truly first-class service, things are a little different. With a careful, yet determined, strategy for growth, their impressive 500sqm head office in Quinta do Lago is now joined by an office in Vale do Lobo, another in a beautiful historical building in the centre of Loulé and the newest pearl in their chain is an office at Marriott’s new W Algarve, where they are the privileged exclusive agents tasked with selling the exciting new W Residences.

“Portugal’s allure has not escaped the attention of international developers and hoteliers,” says Kerstin. “Marriott, one of the world’s most recognised and successful hospitality operators has arrived and is opening the fabulous 5-star W Algarve.”

Located waterfront to some of the most iconic beaches on the coast including Evaristo, Marriott’s W Algarve is the most exciting new development to arrive in the Algarve and listed in Forbes to be one of the most exciting hotel openings worldwide! Here, it is set to ignite the local scene with trendsetting style and innovative luxury design. The resort will have 134 stylish hotel guest rooms and suites, extravagant 5-star facilities, and a full range of culinary experiences. Kerstin continues with pride: “The development includes 83 W Residences; one, two, three and four-bedroom which we launched in early summer 2019 and the project is currently the fastest selling development in Europe.”

Developed by Nozul and now well under construction and due to open its doors in the spring of 2021, sales started well from the launch, and even during lockdown the project has attracted an unprecedented number of enquiries. Phase 2 sold out this summer and what is also really interesting is the profile of the buyers.

Many are relatively new to the Algarve but often huge Marriott fans and the development’s beachfront location, and unrivalled plethora of facilities, restaurants and W style entertainment are a big draw. The buyers are generally well-travelled young families who appreciate top-quality facilities and services and couples in their 50s and 60s looking for a fully serviced residential community with everything at their doorstep.

Prices start at €625,000 and go up to €2,850,000 for the larger units.

The Residences are Golden Visa and NHR friendly and with the recent travel restrictions, we are delighted to be receiving much attention from the Portuguese market with wealthy families from Porto and Lisbon showing more and more interest. If you would like to have a personal tour of the W Algarve or take a virtual peak, call us! Our team are at your service and more than happy to show you around.

The property market in the Algarve has gone from strength to strength. Over the past three years, QP Savills have sold a number of large properties in the Quinta do Lago and Vale do Lobo area for over €18,000 per square metre. This is an important milestone for the country’s property market and represents values not seen before nationally. Price tags of over €10 million are now more and more common, with standards of construction and design able to compete with the best in the world.

In a world where safety and security, accessibility, and world-class facilities are in high demand, no wonder Portugal features prominently on the world travel map. No wonder the likes of Marriott and world-class developers have set their sights on this very special part of the world.

In conclusion, Alison says: “We are excited about growing our business. We are fully committed to maintaining the high standards of service which we have developed over the past 20 years and we are delighted to be the chosen sales agents for Marriott’s new W Algarve Residences.”

(+351) 289 396 073
ask@qp.pt | www.qp.pt

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