In our previous article we spoke of how nature and the surroundings of the place we live, impact our wellbeing and our heath, to justify why the Algarve is the natural choice for those looking for the best quality of life possible. Today let’s focus on everything this region and its exclusive beachfront resort, Vale do Lobo have to offer to all those who decide to call it home.
A welcoming hand with unexpected gifts
Despite all the appeal, relocating abroad is an expensive enterprise. But, again, choosing Portugal has some attractive advantages. There are currently two schemes aimed at foreign buyers, both offering enticing financial incentives. The non-habitual residents (NHR) tax regime includes a relatively low rate (10%) on pensions and tax exemption on almost all income from foreign sources. The Portuguese Residency Visa Permit – also known as Golden Visa – allows free travel in the European Union and Schengen countries to buyers of properties valued at €500,000 or more.
A pro tem haven for digital nomads
Enjoying a revitalising location might not necessarily mean upping sticks and buying a new home. Our new age of remote working has made many professionals wake up to the fact that they could temporarily relocate their workplace anywhere in the world. And this mind shift is driving a trend for longer rentals. Many resorts, like Vale do Lobo, are creating ‘Work & Stay’ packages, offering spaces to live and continue working, with the added benefits of super-fast Wi-Fi, resort perks, and the inherent bonus of a stunning environment. Moreover, in achieving an enhanced work/ life balance, guests who have made the leap are finding they boost their productivity as well as their wellbeing.
Positive signs of a growing movement
We’ve discussed the reasons behind the trend to buy in the Algarve, but what of the proof? Despite the obvious restrictions last year, Vale do Lobo saw an uplift in property activity. A significant number of properties – from apartments through to the very high-end detached villas – were successfully sold by their sales team, and construction is soon to begin on purchased plots. The UK and Ireland remain their biggest markets, but increased leads and purchasers coming from Germany, Holland, Portugal and Belgium are a clear trend.
One interpretation of this welcome surge in activity is that the market is responding to recent pivotal world events. The COVID-19 pandemic has inspired many to look at Portugal as a safe haven. And Brexit has given rise to a flurry of interest from clients wanting to take advantage of the Golden Visa scheme before the rules change in July 2021.
Such strong signs of property activity – ongoing in early 2021 – prove that a Vale do Lobo home continues to entice as a highly desirable investment. The resort boasts a strong sense of community and social energy, a rich menu of amenities and experiences, and an enviable beachfront situation. In many ways, Vale do Lobo is the region’s sweet spot and the natural choice for savvy homebuyers.
As we write, vaccines are starting to offer us a glimmer of hope that we might move freely around the world once more. In our opinion – and the facts clearly support it – making your first flight a property viewing trip to Vale do Lobo might be the smartest move you’ve ever made – a step in the right direction to living your best life.