Portugal is internationally renowned as a golf destination for players of every level while many of its courses, designed by famous architects, prove challenging for the most experienced golfer.
The Algarve has an ideal climate that enables play throughout the year and, with a wide variety of almost four dozen courses, the region is a golfers’ paradise. Most courses are located in protected areas, with stunning views and are internationally recognised for the quality of their facilities. Portugal’s Silver Coast is also one of Europe’s must-play destinations with courses like Praia del Rey and the newer Royal Óbidos regularly featuring in lists of Europe’s top golf courses.
What’s more, the Global Residence and Citizenship Programs (GRCP) rating, which considers factors such as immigration laws, tax regimes and quality of life, has concluded that Portugal is one of the best destinations in the world to invest in property. With the seemingly endless demand on properties, prices per square metre are gradually growing in appreciation. Paul Cotterell, sales director of Casas do Barlavento, says, “There has not been any let up in the buyers’ requests this year; the supply and demand for luxury properties are becoming more evident as the days go by.”
Ricardo da Costa of Luximos, an affiliate of Christie’s International Real Estate, reports that the company’s clients are mainly international with many from the UK, Ireland and USA. “They are buying in the most prestigious areas of the Algarve, surrounded by golf courses and close to the ocean.”
According to Brennon Nicholas, commercial director at Monte Rei, the majority of people who buy at so-called golf resorts, do not even play golf! “People like the services offered at resorts or estates,” he says, “where they know there is a full time onsite team who can look after their property as well as provide amenities such as restaurants and concierge services. They are also attracted by the manicured landscapes and views that are likely to remain unchanged.
“Portugal as a whole is a relatively safe destination. In terms of crime, terrorism and political stability, it compares very favourably with many of the other familiar holiday destinations. Buyers do spend more time doing their homework these days, and though they may not be deciding factors, the favourable tax regime is a selling point that many take into consideration when buying.”
