Algarve Resort Vale D’Oliveiras is Even Better 2nd Time Around
28 April 2011
Savills Associate, Select Resorts has just re-launched what they believe could be one of the finest opportunities the Portuguese holiday home investment market has ever seen. Vale D'Oliveiras is a completed 5 star resort on the Algarve, which has just been re-launched at lower prices than its original launch off-plan in 2004.
Not only can prospective buyers purchase properties in the Vale D'Oliveiras Resort, client can also buy quarter shares in properties as well; a choice that is becoming increasingly popular because it greatly reduces the potential risk by splitting it -- in this case -- 4 ways, as well as of course splitting the purchase price, buying costs and maintenance costs as well.
The development was taken off the market in 2008 because of changes to the plans which caused some delays, however construction resumed soon after. The decision was made however to keep the project off the market until it was completed, had had been granted its' 5 star status. Now the development offers fully completed properties, in a fully completed and highly luxurious resort at lower prices than it was being sold for off-plan.
"We wanted to factor in just how much the market has changed in the last 2 years," said Michael Reilly, Select Resorts director. "We have considered the changes in the forex market, as well as in the property market, and in the European economy, and we are sure potential buyers will find prices very attractive," he added.
But this is more than just another Portugal property development; in fact Vale D'Oliveiras is more of a holiday resort with properties on sale, than a resort property development. And what a resort it is: a fully gated community with 24 hour security Vale D'Oliveiras has sufficient facilities to make it a whole-holiday resort, where one needn't leave the resort at all.
The centrepiece of the resort is the large outdoor swimming pool, which is conveniently located directly beside the children's pool. The resort's gourmet restaurant has a terrace directly overlooking the pool, and there is a poolside bar serving drinks and light snacks -- perfect for a day beside the pool. The resort also has a luxurious Health Club with fitness room, heated indoor pool, Jacuzzi and sauna, as well as two tennis courts. For the kids there is a kids club, with adventure playground and activities programme during the holidays.
From an investment point of view; all properties come with full management; becoming part of the resort's inventory, this includes cleaning the property prior to guest arrival, and replacing broken items etc.
Prices on the resort start from 79,500 Euros for a quarter share of a property, and from 280,000 Euros to buy outright. Inspection trips are currently available for just £199.