Quinta do Lago and V ale do Lobo Property Guide 20 15/16 11th E

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Quinta do Lago and V ale do Lobo Property Guide 20 15/16 11th E
Quinta do Lago and Vale do Lobo Property Guide 2015/16
11th Edition
Avenida da Gondra, Quinta do Lago, 8135-162 Almancil, Portugal. Tel: +351 289 396 073 Fax: +351 289 398 086 Email: [email protected]
www.quintaproperty.com
Independent property consultants specialising in the Quinta do Lago and Vale do Lobo area. Licence No. AMI – 1252 The property specialists in the Quinta do Lago and Vale do Lobo area.
Alison Buechner Højbjerg (left)
and Kerstin Buechner (right)
QP Directors & Owners
31-65
67-99
101-113
QP MARKET UPDATE
QP PROPERTY PORTFOLIO
LIFE WITH
INSIDER INFORMATION
CONTENT
9-27
QP’s insight into the property
market, finance, legal matters
and ownership.
A small selection of
properties from QP’s
exclusive portfolio.
An inside look at life in the
Quinta do Lago and
Vale do Lobo area.
Maps, contacts and
insider information.
Editor: Kerstin Buechner
Main Contributing Editorial: Kerstin Buechner, Alison Buechner Højbjerg
Contributing Photographers: Pedro Rodrigues, Birch Photography
Design & Production: Village Design, Bristol, UK +44 (0)117 910 6050 www.villagedesign.co.uk
7
To ensure we give the
best possible service,
we are passionate about
sharing our insight and
equipping our clients
with all the relevant
information they need
to make well-informed
decisions when investing
in property.
9
Anyone who has visited the central Algarve
recently will probably agree that there is a real
sense of energy and rebirth. Businesses which
have run on a skeleton staff, or even closed their
doors over the past few years, are now back in
business. And there are a number of new shops
and businesses now starting to open.
This reawakening started gradually during
2014 and now, as we write this in our quieter
winter season, the energy and optimism is
tangible among the locals as well as visitors
looking to invest in property before prices
really start to increase.
34%
increase in 2014 sales
Over the past four years we have seen a year on
year increase in the number of sales, culminating
in a 34% increase in 2014 on the previous year.
More demand, stoked by a weakening euro and
attractive tax and residency programmes have left
far fewer properties on the market and in recent
months vendors are receiving much higher offers
if not their full asking prices.
Global investors from China, the USA and
UK want a part of the action. Large dormant
developments and existing resorts are being
negotiated and awakened from their slumber.
The largest contributor to new buyers is the
French market. Irresistibly attractive tax benefits
have brought literally thousands of French buyers
to Portugal who are not only buying, but also
moving here lock stock and barrel. Interest in
the Non-Habitual Tax Residency programme
(details on page 17) has grown substantially
and more and more northern Europeans are
discovering that the Algarve has a lot to offer
besides easy access, sun, beach and golf!
The Golden Visa programme (details on page
18) continues to bring a good number of nonEuropean investors to Portugal mainly investing
in properties between EUR 500k and 750k.
At time of going to print in Spring 2015, there
have been 2,203 applications and the momentum
is not slowing.
Families looking for holiday homes and investors
are back! Confidence has returned to the market
and we are seeing a good number of wealthy,
sophisticated British, Irish, Belgian and other
Europeans coming to Quinta do Lago and Vale do
Lobo in much greater numbers all looking to invest
in property. Encouraged by a stronger pound and
Swiss franc and weakening euro, many investors
now have greater buying power.
Buyers generally visit the area a number of times
and do their research before but once negotiating
starts, deals are agreed quickly and the vast
majority of buyers have cash. Even though banks
are lending again, we can hardly remember the last
time a buyer required a mortgage.
lifestyle and of course location all contribute to its
recipe for success. Where else can you travel to so
easily and arrive in a comparable area?
The properties that are selling continue to be
well presented and ‘ready to move into’. New, big
and beautiful ‘Supervillas’ will sell for EUR 4m and
5m and those in the best locations with water
views may fetch twice this amount. If only we had
more of these to sell! Investors are keen to buy
projects requiring work and until recently these
have changed hands at relatively low prices.
This market is now changing fast with less available
and fewer older properties for sale. Demand is
outweighing supply and prices are increasing.
What will 2015 bring?
We fully expect to see the market boom this
year. The climate, and we don’t mean the weather,
on all fronts points to more demand and less
availability. The source and number of buyers has
diversified and increased substantially, creating
competition for the best properties and for the first
time in five years we are actively looking for good
instructions again in the Quinta do Lago and Vale
do Lobo areas.
One need only look around Quinta do Lago,
no less than 48 properties are under construction
or serious renovation. Money is pouring into the
area and new Supervillas are emerging.
Mainly for wealthy European families who desire
bigger, better and technologically advanced
properties – only the very best will do and they feel
this is the right location. They build for themselves,
so very few construction sites are for re-sale.
We are looking forward
to a great year and
being of service to all
our clients.
Smaller properties are also in demand.
The area lacks good accommodation for an
ageing population. Many long-time residents in
Quinta do Lago and Vale do Lobo are thinking of
downsizing from larger villas and there’s a lack of
availability of these properties. The limited supply
of property in the area undoubtedly contributes to
the overall success of the property market so, no
complaints, but this surely creates an opportunity
for developers! There are still some undeveloped
areas of land within the two main resorts and
with the older population growing, our accessible
location and climate is perfectly suited.
Are we out of the recession? Compared to other
markets, were we ever in one? Debatable but we
would much rather be in property in our area than
in many others. Prices never plummeted and bank
repossessions commonplace in Spain are relatively
rare here. The local clientele is perhaps more
recession proof than in other markets.
It is no coincidence that
Savills use Quinta do
Lago as a template for
success when advising
developers worldwide.
Kerstin Buechner and
Alison Buechner Højbjerg
QP Directors & Owners
Sharon Beddall
QP Chief Operating Officer
Quinta do Lago and Vale do Lobo offer a set
of ingredients which are hard to beat. Apart from
sun, beach and golf, the area allows wealthy
Europeans incredibly easy access to a lifestyle
they will always strive for themselves and their
families. In a crazy world of fear and danger, the
Algarve is a quiet, safe haven. It has learnt from
Spain and others that oversupply and cheap is
not enduring. Quality in environment, facilities and
11
Evolution of buying trends.
Long-standing Sales Executives
at QP comment on how the
market has changed over the
past decade.
Debbie Pugsley,
QP Senior Sales Executive
Rebecca Patterson,
QP Sales Executive
When meeting new visitors to the area we
start the tour by explaining that it is like a bubble,
a totally unique haven known by just a privileged
few. The combination of its golden beaches,
restaurants and facilities make it unequalled,
topped by the fact that since its inception it has
proved itself financially. This is especially well
demonstrated as a good number of our buyers
over the past ten years have been existing owners
or their friends.
Over this period of time, some things have
changed. However, one important thing
remained the same –
the outstanding quality of life
offered here and the desire to be
a part of it.
Like our marketplace we’ve also had some great
times and some tricky times. Through it all we have
adapted and evolved and have had a lot of fun in
doing so. Hopefully our clients have too! This is a
brief recap of the changes we have seen:
Who are our buyers?
The profile is still very much what it has always
been – mainly families who enjoy a warm climate
and the outdoors lifestyle and are looking for
luxury and the highest quality, without having to
fly for nine hours to find it. Then and now it has
been the ever-reliable British that have been the
predominant buyers. Other nationalities however
have varied over the years. Ten years ago there
was a strong Irish presence; they were fantastic
advocates of this special place as they spread
the word to all their friends who quickly followed
suit. There were also many investors with multiple
projects on the go to keep up with demand.
Many holidaymakers, here for the first time,
would fall in love with the area and by the time
they were on the plane home, they had negotiated
the purchase of a property.
In recent years, we’ve seen new trends.
Nationality wise, there has been an influx of French,
many of whom are looking to take advantage of
Portuguese fiscal benefits. Another change is
age which might just be imagined because we are
getting older; however, there does seem to be a
trend of many more younger buyers; these families
realise that the facilities on offer will provide
activities and entertainment for the whole family,
whatever their age. Another new trend we have
noticed is that the buyers tend to be very familiar
with the area, either because they have owned a
property here already or have been coming for
years on holiday. Investors are still here, only they
now tend to take on just one project at a time.
How do they buy?
Looking back, the typical home searcher would
plan one trip, view the available properties that
fit their criteria and choose one before the end
of their visit. They didn’t always find it easy as
property owners called the shots and insisted on
getting their prices. There was also a trend to
‘multi buy’, choosing one property as the holiday
home and another just as an investment. The
confidence levels were so high that, in some
cases, properties were purchased without even
being viewed. There were also a large number of
purchases made using mortgages.
In more recent times the typical client goes
about their purchase in a very different way.
They tend to have lengthy conversations and
correspondence with us before they visit.
Clients have been doing more research and request
detailed information on the properties, for example
running costs are high on the list. Not all have
succeeded in finding a property on their first visit.
In some cases, it has even taken a few years to find
the right one. In this buyer’s market another trend
was that many came looking for impossibly low
prices. These buyers did not always achieve their
goal though; many vendors continued to be so
relaxed about selling and just carried on enjoying
their properties. Even though they recently have
become more readily available, mortgages have
been virtually unheard of in the last few years.
Buyers have arrived with cash and have been
ready to move quickly.
The British have always been
the predominant buyers but
there has been an influx of
French, many of whom are
looking to take advantage of
Portuguese fiscal benefits.
What do they buy?
Well, in a way it is very much the same as always
– only the best with the highest quality will do.
What evolves is what is considered to be the best;
currently, cutting-edge architecture and modern
sleek interiors feature very high on the list.
The combination of this demand and the desire
for the best deal has led many property searchers
to roll up their sleeves and take on a project
themselves – anything from the renovation of a
small apartment to the demolition of an old villa
and creation of a new sparkling Supervilla. The vast
majority of construction we have seen in Quinta do
Lago in recent years has been by and for end users.
They are investing vast sums of money to create
their perfect holiday or second home.
This is in contrast to the period around 2005–2007
when speculators could not build fast enough
(and not always to the highest standards) to meet
the demand.
What has the evolution of trends been at QP?
Throughout the years our goal has always
been to advise our clients as best as possible and
provide a top-notch service.
Now, the thirst for knowledge and understanding
from our clients has meant that we have spent a
lot of our time explaining all the complexities of the
market before we even begin to discuss available
properties. We have, figuratively speaking, held
their hands throughout a process which has taken
longer than in years past. To ensure we pass on the
most correct and up-to-date information we are
frequently seeking advice from professionals such
as lawyers and financial experts. This has meant
that, even through the toughest times, we gained
the trust of our clients and we are confident to say
that we provided them with the best service and
we will always continue to do this.
Another change is the
age; there does seem
to be a trend towards
younger buyers.
13
When Quinta do Lago first threw
open its doors in the early 1970s,
tourism along the Algarve was
embryonic. The resort immediately
set the gold standard.
That is why Quinta do Lago has become a
byword for excellence among investors across
Europe and can truly lay claim to be Portugal’s
premier residential resort. It is also one reason why
Savills are so proud of our association with Quinta
Properties, the top sales agents for the resort who
know every inch of the 800-acre estate.
Alison and Kerstin’s passion for property
combined with expert knowledge of buyers’
requirements at this most demanding price point
gives them a clear market advantage. We call them
our No. 1 Ladies Estate Agency, a powerbase of
essential local information and attention to detail
presented with a glamorous and ever-friendly face.
They sell the dream lifestyle with
unfailing attention to delivering the
very best service for their clients.
Quinta do Lago continues to evolve – over the
years property specifications have changed to
reflect modern demands and many of the original
homes have been replaced, keeping the resort
fresh, which sets it apart from many of its potential
competitors. Tour its quiet, leafy roads and you’ll
see traditional Portuguese design mixed with
Moorish style and increasingly, the finest examples
of contemporary architecture.
“In my role as Head of Global
Residential at Savills, I visit
many resorts around the world.
Quinta remains one of my personal
favourites, and a prospective
client will not find a better service
than that provided by Alison and
Kerstin and their dedicated and
energetic team. They have been
our Associates in this high profile
area for 18 years and we look
forward to many more.
In this ever-changing and at times challenging
landscape, Quinta Properties’ success is a constant.
They saw a 34% increase in sales last year, following
on from a 30% increase in 2013. Quinta do Lago
consistently outperforms the wider Algarve market
as buyers appreciate the resort’s unique attributes
for both investment and lifestyle.
Savills has a network of 600 offices and
Associates around the world. Over the last two
years, our coverage has expanded to include new
Associates in Los Angeles, San Francisco, Geneva,
Marbella, Tuscany, Cayman Islands and Dubai;
only in the past couple of months we have added
Verbier and Paris offices to this illustrious list.
Thanks to the strength of our network, marketing
your property with Savills puts it in front of a truly
global audience.”
Jelena Cvjetkovic
Associate Director
Residential International
Rupert Seabag-Montefiore
Head of Global Residential
The Buying
Process
The Letter of Intent and Appointing
a Local Lawyer
Once you have found the property you
would like to buy and your agent has
successfully negotiated a deal on your behalf,
a professional agent will prepare a 'letter of
intent'. This document clearly states the agreed
price, exchange and completion dates, and
what is to be included.
At the same time, we recommend that you
instruct a local lawyer to represent you in the
purchase. Your signed letter of intent will be
sent to your legal representative as a reference
to the agreed terms.
Contents:
15
The Buying Process
16 Property Tax Issues
17Non-Habitual Residents
Regime
18 Golden Visa
19Private Property vs Company
Ownership
19Aproquila
20 Project Management
20 Property Management
20 Estimated Running Costs
21
Fixed Annual Property
Running Costs 2015
This information is for guidance only.
www.quintaproperty.com
Tel: +351 289 396 073
Corporate Ownership
Exchange of contract
Many high-end properties are owned by a
corporate structure. The property itself is an
asset of the company and buyers purchase
the company’s shares. These structures
are usually domiciled in Malta or Delaware;
however, there are several other white-listed
jurisdictions around the world. If the property
you choose is in one of these structures, your
local lawyer will carry out the legal searches on
the property as normal. In addition to that, they
will carry out the due diligence on the corporate
structure through a request to the management
company that binds them in accordance to
their regulations. These searches will clarify
the fees, warranties, representations and legal
procedures of the company. A Share Purchase
Agreement will then be prepared and, upon
signature by both parties, all the conditions
of the transaction are secured and a usual
10% deposit will be paid to the vendor, via the
lawyers’ clients’ accounts. This transaction
takes place under the jurisdiction of the
company’s domicile.
Private Ownership
Exchange of contract
Now that your lawyer has been instructed,
they will begin all the necessary legal searches
on the property. These include ensuring the
seller has clear title to sell and that there are
no outstanding charges on the property.
Your lawyer will then prepare the Promissory
Contract (Contrato Promessa de Compra e
Venda) which is a legally binding contract
between buyers and vendors and is normally
signed by both parties in the presence of a
notary/lawyer. The Promissory Contract will
confirm who the buyers and vendors are,
details of the property, schedule of payments,
completion date and any special terms agreed
by both parties. Upon signature, it is normal
procedure for the buyer to pay the vendor a
10% deposit, usually via the lawyers’ clients’
accounts. Under Portuguese law, if the vendor
does not fulfil his contractual obligations,
they are liable to pay back the deposit in double
to the purchaser. If the purchaser is in breach of
contract, the deposit is non refundable.
Did you know ?
Completion
The Final Deed (Escritura) is the official deed
of transfer of ownership from the vendor to
you. It will be signed on the agreed date at the
notary’s office, either by you or by your lawyer if
you have opted to give them power of attorney.
At this time, the balance of the purchase price
is paid and the notary subsequently records
the transaction in the official record. Once the
deed and all other associated transactions are
completed, your lawyer will register you as
the new owner in the Land Registry (Registo
Predial). Buyers should request a copy of this
registration for their files.
Private Ownership
IMT – Property Purchase Tax
This is the Portuguese Property Transfer Tax
which is payable by the purchaser prior to
completion. The rate is variable and is based
on a sliding scale according to the price of the
property, up to 6%. Your lawyer will always
advise you of these costs at an early stage.
Fiscal number
To purchase a property in Portugal you will
require a Portuguese fiscal number. This fiscal
number will be for you as a non-resident and
therefore has no tax implications in Portugal.
Your lawyer will normally advise and help to
obtain one.
The buying process is usually
completed within four to six
weeks but our fastest sale
completed in three days!
Completion
The process is simply completed by both
parties fulfilling the terms described in the
Share Purchase Agreement and the buyers
transferring the balance of the purchase price
to the vendors, again usually via the lawyers.
Afterwards, the respective management
company will transfer the share ownership
from vendor to purchaser. This process is
quick, simple and in English.
The Buying Costs
Legal expenses
Lawyers’ fees normally vary from 1% to 2% of
the purchase price.
Stamp duty, notary and registration fees
These are payable by the purchaser upon
signature of the deeds at the public notary
and at the Land Registry when the transfer of
property ownership is registered. The stamp
duty is a flat rate of 0.8% of the property price.
Corporate Ownership
In the case of a share transfer process, the IMT,
notary, stamp duty and registration fees are
mitigated.
15
Property
Tax Issues
Property tax laws in Portugal have gone through
several significant changes during recent years.
The rateable value of properties (VPT) being
the value attributed by the tax authorities to
properties for tax purposes and is the base used
to calculate property taxes or in certain cases
determine the minimum taxes applicable to
property transactions. Previously the VPT was
very low and in general a huge discrepancy
existed between the rateable and market values.
To rectify this situation and increase tax revenues,
the Portuguese tax authorities implemented in
2003 a deep reform to property tax laws which
has resulted in the gradual increase in the rateable
value of all properties, bringing them more in
line with actual market values and consequently
increasing taxes payable whilst reducing and
controlling tax evasion.
To update the VPT the legislator created
a formula in which the new VPT is more
objectively calculated and achieved:
VPT = VC x A x Ca x CI x Cq x CV, where:
VPT = Rateable value attributed by tax authorities
to the property
VC = Base value of properties built (value
of construction per m2 fixed annually by tax
authorities plus value of m2 of implantation
ground 25% of such value) – presently EUR 603
A = Gross area of construction – sum of the total
area of construction including terraces, garage,
parking places and storages
Ca = Purpose of the property i.e. commerce,
services, residential
CI = Location – coefficient fixed every three
years by the municipality and can vary between
0,4 and 3,5
Cq = Quality and comfort – factors that can
increase or decrease the value like existence
of swimming pool or non-existence of lift in a
building with more than three floors
CV = (Vetustez) Age criteria applicable in
accordance with age of the property.
Older properties lower coefficient.
All properties sold since 2003 have been
revalued in accordance with this new formula.
All other properties were subject to a process
of general revaluation which ended in 2013.
In the vast majority of the situations the increase
of the rateable value of the properties, led to an
increase in the IMI payable. Upon receipt of the
tax authority’s notification with the new rateable
value, areas and coefficients applicable should
have been checked as mistakes did happen.
Although the time limit given by the tax authorities
to submit a claim is 30 days from receipt of the
notification, the tax authorities accept they will
make amendments in cases where there is a
clear mistake in the elements used to make
the valuation.
Properties for habitation and plots of land for
construction are updated every three years based
on factors corresponding to 75% of the currency
devaluation coefficients fixed annually by the
government; for income tax purposes this can also
be revalued at the request of the owner within
three years from the last revaluation. This is an
opportunity to rectify any mistakes found.
Here is a summary of the taxes applicable
to buying, owning, selling or inheriting
properties in Portugal:
IMT – Paid on the acquisition of a property. This tax
is payable by the purchaser prior to completion of
the transaction. On properties for habitation the
rate varies according to the purchase price of the
property and can go up to 6%. On rustic land the
rate applicable is 5%, on plots of land or other type
of properties the applicable rate is always 6.5%*.
The minimum amount on which the IMT can be
paid is the VPT even if the sales price is lower.
Notary, stamp duty and registration fees – these
have to be paid by the purchaser prior to signing
the notarial deed and the registration of the
property into the buyer’s name. The stamp duty
on the purchase is 0.8% of the sales price. The
minimum amount on which the stamp duty can
be paid is the VPT even if the sales price is lower.
Notary and registration fees and expenses will not
exceed EUR 1,000.
IMI – Annual Property Taxes – Payable yearly in
arrears usually in two installments although as
from 2012 (rates paid in 2013) it can be paid in
three instalments (April, July and November),
for annual IMI invoices above EUR 500. This tax
is based on the VPT and can vary between 0.3%
and 0.5%. Within this limit the rate is fixed annually
by the council of the area where the property is
located. In the Council of Loulé the rate applicable
for 2015 is 0.39%. The IMI for rustic properties
remains at 0.8%*.
Stamp Tax – (IS) – To increase tax revenue and
meet the impositions of international entities
controlling Portugal’s economic restructuring in
2012, the Portuguese government introduced a
new annual tax on Portuguese properties with
residential purposes (including plots of land for
housing) with a VPT of over EUR 1m. The new tax
increases the total annual property tax payable
to a maximum of 1.5% of its rateable value, which
though high, is still substantially lower than other
European countries like Spain, Greece and France,
where annual property taxes can go up to 3.6%,
2.1% and 2.2% respectively**. This tax has been
applicable since 2013, relating to 2012 at the rate of
1% of the VPT*. The payments of this tax are to be
made within the same time limits of the payment
of the IMI and based on the same VPT used to
calculate the IMI.
Capital Gains Tax – On a sale of a property there
is currently a capital gains tax to pay at a rate
of 28% for non-resident individuals and 25% for
companies (non-residents). This tax is calculated
on the difference between the sales price and
either the purchase or construction price of
the property (if applicable) index linked or its
first rateable value index linked whichever is the
highest. It is important when building a property
to make sure that you receive proper invoices from
the builders of the amounts paid so that you have
the possibility to offset these costs against capital
gains tax payable when the property is sold.
There are other costs that you can use to offset
against this tax such as invoices of certain
refurbishments made to the property in the past
twelve years, taxes, notary and registration fees
paid at the time of acquisition of the property,
and the real estate agent fee.
Did you know ?
Invoices you use to offset against
your CGT no longer expire after
three years, you can use them for
up to 12 years.
If the property you are selling is your main
residence and if you reinvest the proceeds of
the sale within 36 months in the acquisition,
construction or refurbishment of another property
designated as your main residence, within the
EU territory or in a territory belonging to the
European economic area with whom Portugal has
agreements for the exchange of information in tax
matters. You can avoid the payment of this capital
gains tax totally or partially depending on the
value you reinvest.
Did you know ?
Inheritance Tax – This tax is not
presently applicable in Portugal
to inheritance or gifts occurring
between close relatives.
i.e. parents/children and spouses although on gifts
you have to calculate a 0.8% stamp duty based
on the VPT. Any other situations of inheritance or
gift will be subject to stamp duty at a rate of 10%
of the VPT.
Tax Department Lottery – In 2014 the government
introduced a tax department lottery (e-fatura)
whereby the individual taxpayers who request
a proper invoice detailing their fiscal number
when acquiring any assets and/or services will be
included in a draw and may win prizes (presently
cars). With this measure the government is aiming
to fight fiscal evasion. More information on this can
be obtained at www.portaldasfinancas.gov.pt
* P
lease note the values mentioned above for IMT,
IMI and IS will increase significantly and not benefit
from limitation of tax payable for two years if the
Company owning the property is domiciled in a
'blacklisted jurisdiction'.
** In Expresso – economy supplement 02/02/2013.
Please note this is general information and for specific
advice you should contact a lawyer or tax advisor.
• Regardless of spending less than 183 days in
Portugal, maintain a residence suggesting being
a habitual residence in Portugal during any day
of the period referred above.
Property Taxation
White-listed Corporate Ownership
of Property
Privately Owned Property
Property Purchase Tax (IMT)
Properties for habitation up to 6%
Rustic land 5%
Plots of land for construction & others 6.5%
No IMT
Other Purchase Costs
0.8% stamp duty
+/- EUR 750 notary and registration costs
Legal fees 1% to 2%
No stamp duty or registration fees
Legal fees 1% to 2%
Captial Gains Tax (CGT)
28% on the profit
(in Portugal for non-resident)
Please seek professional guidance
Annual Running Costs
of Company
None
Between EUR 1.5k and EUR 3.5k
Annual Property Tax (IMI)
This calculation is based on the
property rateable value
0,3% to 0,5%
0.8% rustic land
0.3% to 0.5%
0.8% rustic land
Properties with a Rateable
Value of over EUR 1m (IS Tax)
in addition to the IMI
1% of rateable value
1% of rateable value
Annual Fiscal Representation
+/- EUR 250.00
+/- EUR 510.50
Non-Habitual
Residents
Regime
Europe’s Best Kept Secret
Portugal may not be the first country that
comes to mind when talking about favourable
tax regimes but in fact, Portugal offers a very
attractive tax regime for resident individuals,
referred to as Non-Habitual Residents (NHRs).
This regime provides for a flat income tax rate
of 20% for qualifying employment and selfemployment income and a tax exemption for
almost all foreign source income.
Portugal
Ranked 36 out of 144
2014-2015 World Economic Forums’ Global
Competitiveness Report
Portugal
Ranked 25 out of 189
2015 World Bank Doing Business Report
The Portuguese economy has become
increasingly diversified and service-based since
the country joined the European Union (EU) in
1986. In competitiveness, Portugal ranks 36 out of
144 countries in the 2014-2015 World Economic
Forums’ Global Competitiveness Report and
Portugal ranked 25 out of 189 countries in the
2015 World Bank Doing Business Report.
Add free remittance of funds, a friendly residence
permit regime allowing for free movement within
the Schengen area and the possibility to apply
for Portuguese nationality and consequently an
EU passport, the absence of wealth tax and a
beneficial treatment of gifts and inheritances, and
it is clear why Portugal is a very attractive location.
The country is investing to become a premium
tourism and real estate tourism location, as well
as a leading EU country in R&D and information
technology. The government has launched an
economic strategy focused on boosting exports
and foreign direct investment. The launch of the
‘Living in Portugal’ site (www.livinginportugal.
com/pt/), the Golden Visa programme (see page
18) and the 2014 Corporate Income Tax Reform
and the 2015 Personal Income Tax Reform are
examples of the government’s commitment to
attract foreign investment to Portugal.
Portuguese Tax Regime for Non-Habitual
Residents
The NHR regime, which is a beneficial Personal
Income Tax (PIT) regime, is available to individuals
becoming tax resident in Portugal, provided they
were not Portuguese tax resident in any of the
previous five years. The status is granted for a
period of 10 years. The Portuguese tax authorities
have simplified the procedures for registration
under the NHR regime, which is also an evidence
of Portugal’s commitment to attract foreign
talents, as well as high net worth individuals
(HNWIs) and their families.
Under certain circumstances, split-year residence
may be possible, i.e. taxpayers may be regarded
as tax resident during only part of the tax year
and as non-resident for the remaining part.
NHRs are subject to a reduced flat 20% personal
income tax rate on salaries as well as on business
and professional income of a Portuguese source
arising from listed “high value-added activities of
a scientific, artistic or technical nature”, as per a
list published by the Portuguese tax authorities.
A 3.5% surcharge is currently also applicable.
NHRs will be exempt from PIT on salaries of a
non-Portuguese source, if such salaries were
subject to tax in the country of source under an
existing double tax treaty or, if no double tax
treaty exists, provided that they were effectively
taxed in such country.
As a result, multinational corporations will have
a huge advantage in locating their centres of
excellence (e.g. R&D centres) in Portugal and
Portuguese companies will have a significant
stimulus to attract the best foreign talents.
Business and professional income of a nonPortuguese source relating to “high value-added
activities of a scientific, artistic or technical nature”,
as well as from intellectual or industrial property
or ‘know-how’, earned by NHRs abroad are
exempt from PIT, provided such income could be
taxed under an existing double tax treaty or could
be taxed in another non-blacklisted jurisdiction
in accordance with the provisions of the OECD
Model Tax Treaty. It is not necessary that the
income is actually taxed, but merely that the
country of source has the right to tax it.
Rental income, capital gains on the sale of foreign
real estate and investment income, such as
dividends and interest, from a non-Portuguese
source are also exempt from PIT, provided the
conditions above are met.
Pensions paid abroad to NHRs are also exempt
from PIT, if such pensions were subject to tax
under an existing double tax treaty or if the
pension is not considered as obtained in Portugal
and the related contributions did not give rise to
a PIT deduction in Portugal. Since most double
tax treaties grant exclusive taxation rights to the
country of residence (which would be Portugal),
in practice this means that the pension income
may end up not being taxed in Portugal or in the
country of source.
To be considered as a tax resident in
Portugal, and in accordance with the rules
in force as from 1 January 2015, one of the
following conditions should be met:
•S
pend more than 183 days, consecutive or not,
in Portugal in any 12-month period starting or
ending in the fiscal year concerned; or
www.quintaproperty.com
Tel: +351 289 396 073
17
Furthermore, by becoming Portuguese NHRs,
HNWIs may be able to accrue their wealth in a
friendly tax environment (other than a blacklisted
tax haven), to dispose of their assets while
benefiting from tax exemptions, to pass on their
wealth or estate without inheritance or gift taxes
to the next generation and/or to enjoy their
retirement without tax leakage on their pensions.
Why live and invest in Portugal
• A 20% flat rate for Portuguese-employment
income from qualifying activities and exemption
for almost all foreign source income is available
for NHRs;
• A tax exemption for gifts and inheritance tax to
spouse, descendants or ascendants. Inheritances
or gifts to other individuals will be either not
taxable, due to generous territoriality rules,
or subject to a flat 10% stamp tax rate;
• No wealth tax and free remittance of funds either
to Portugal or abroad;
• Beneficial treatment for pensions and other life
insurance products (including unit linked) may
further significantly reduce the effective tax
burden on capital invested;
• Companies licensed to operate in the Madeira
International Business Center, including branches
of non-resident entities, benefit from a 5%
flat Corporate Income Tax (CIT) rate until
31 December 2020, applicable to income derived
from transactions with non-residents (or with
other MIBC entities), limited to thresholds of
taxable income, and depending on the creation
of jobs. Exemption from withholding tax applies
on dividends, interest, royalties and services;
• Portuguese companies may take advantage of
EU non-discrimination rules and EU directives on
mergers, dividends, interest and royalties, as well
as Portuguese double tax treaties;
• Dividends and capital gains obtained by
Portuguese companies can benefit from a
participation exemption regime, which make
Portugal interesting as a location for investments
abroad, including investments in Brazil and the
Portuguese speaking countries in Africa.
Portugal has signed 71 double tax treaties,
64 of which are in force, more than 50 investment
protection agreements, 15 tax information
exchange agreements, most of which are already
in force (e.g. Bermuda, Cayman and Gibraltar)
and several social security agreements.
The requirements should be met throughout a
minimum period of five years, counting from the
date the residence card is issued for the first time.
Golden
Visa
Portugal, an Attractive Country for
Non-European Union Nationals
With the aim of attracting foreign investors to live
and invest in Portugal, the Portuguese government
has created a special residence card for investors
(Golden Visa) for non-EU nationals.
For the purposes of obtaining the Golden
Visa, the applicant should meet at least one
of the following conditions:
i) A
transfer of capital to Portugal of at least
EUR 1m
ii) Creation of at least 10 new jobs in Portugal
iii) Acquisition of real estate in Portugal with a
value of, at least, EUR 500k
iv) Invest at least EUR 350k in a scientific project
v) Invest or support an artistic project of a
minimum of EUR 350k
vi) Rehabilitate and maintain a heritage site or
building – minimum EUR 350k
vii) Purchase a property to realise works of urban
rehabilitation – minimum EUR 500k
viii) T
he regime will be open to investors at 20%
less in terms of expenses if they are prepared
to develop projects in areas of extremely low
population density.
The individual may invest directly or through
a company with its registered head office in
Portugal, provided that it meets one of the above
requirements. However, when the investment is
made through a company, the investment amount
considered for the purposes of granting a Golden
Visa will be proportional to the share capital held
by the applicant.
For the purposes of meeting the criteria
relating to the acquisition of real estate,
the following situations are also admissible:
•C
o-ownership of the real estate, with each
co-owner making an investment of a minimum
of EUR 500k
Leendert Verschoor – PwC Partner
Tel: + 351 213 599 631
Email: [email protected]
Luis Filipe Sousa – PwC Senior Manager
Tel: + 351 213 599 671
Email: [email protected]
www.pwc.pt/en/fiscalidade/individuals-taxation.
jhtml
• Making only Promissory Contracts of purchase
before the initial application for the Golden Visa,
provided that a deposit of a minimum of
EUR 500k is made. However, at renewal stage
(i.e. after one year), the purchase of the property
must have been completed
• (Bank) financing of the acquisition of the
property for the purchase price in excess of
EUR 500k
• Rental or letting of the property for commercial,
agricultural and tourism purposes.
The first residence card (Golden Visa) is valid
for one year and should be applied for with the
Portuguese Foreign Services during the first
90 days of presence in Portugal. This residence
card may then be renewed for successive periods
of two years, provided that the conditions
are maintained.
To be able to renew the Golden Visa, its holder
should stay at least seven days in Portugal during
the first year of validity and at least 14 days during
each of the subsequent two-year renewal periods.
The investor’s family members are also allowed to
enter and live in Portugal, based on the investor’s
Golden Visa, through a family reunion application,
which should be made from the moment the
Golden Visa for the investor is approved.
Once in possession of the Golden Visa, investors
are allowed to travel within the Schengen
countries without the need to apply for a visa for
each country to be visited. It is possible to stay in
the Schengen area for 90 days in each period of
180 days.
It is now more than two years since the Golden
Visa programme was launched. According to
recent information released, from October 2012
to 28 February 2015, there were issued 2,203
Golden Visas, most of which were granted in
2014 (1,526). The Golden Visas were granted to
nationals from China (80% of the Golden Visas
issued), Russia, Brazil, Lebanon and South Africa.
The regime has already generated an investment
in Portugal of more than EUR 1.3bn. There were
also 3,316 residence permits issued to Golden Visa
holders' family members.
From the alternative ways of investment chosen
by investors to obtain the Golden Visa, the
acquisition of real estate has been the preferred
way and the most requested areas to invest
are in Lisbon (e.g. Parque das Nações) and its
neighbourhood areas of Estoril, Cascais and
in the Algarve.
The investors who obtain the Golden Visa may
also qualify as potential beneficiaries of the
Non-Habitual Residents tax residence regime.
Through the beneficial tax regime for
Non-Habitual Residents (see page 17) and the
Golden Visa regime, Portugal is now a very
attractive country to live and invest in, both for
European and non-European nationals.
Leendert Verschoor – PwC Partner
Tel: + 351 213 599 631
Email: [email protected]
Luis Filipe Sousa – PwC Senior Manager
Tel: + 351 213 599 671
Email: [email protected]
www.pwc.pt/en/fiscalidade/individuals-taxation.
jhtml
Private Property
vs Company
Ownership
Buying and owning a property in ones own name
or via a corporate entity is a question many are
faced with when buying a property in our area.
There are pros and cons for each which should
be taken into consideration. The actual process
of both is described in the Buying Process in this
Guide on page 15 and you should take advice from
your legal and tax professionals.
property holding structures. Although generally
a civil law jurisdiction, Malta’s company law is
broadly very similar to the UK and other commonlaw jurisdictions. Both jurisdictions are relatively
inexpensive but because the statutory compliance
requirements are greater in Malta than Delaware,
the administration of a Malta company is slightly
more expensive than Delaware.
Some other matters the Association
deals with:
For expert advice please contact:
•A
ssisting members to effect registration of
their properties under the recently introduced
compulsory Cadastro Registration Scheme
Jean Shaw – Abacus Gibraltar
Tel: +350 200 78777 or +350 549 86000
Email: [email protected]
Anne Darlington – Abacus Algarve
Tel: +351 289 394 780 or +351 969 016 748
Email: [email protected]
Succession planning – Where beneficial owners
are husband and wife the beneficial ownership
of the shares can be held jointly with rights of
survivorship so that if either of them should die the
beneficial ownership automatically passes to the
surviving spouse. Upon the death of the surviving
spouse the transfer of ownership to your heirs
is made easier as the legal title to the property
remains the same, thus avoiding the necessity
to obtain recognition of the validity of a nonPortuguese will in Portugal.
The costs involved – Possible mitigation of
taxes when the property is sold via a sale of the
shares in the company there are advantages for
both the buyer and the seller in the mitigation of
transfer tax, notary charges and Capital Gains Tax
in Portugal. However, there are costs in running
these companies and the value of the property
needs to justify these costs and your lawyer will be
able to advise you on this. If a property has a value
of under EUR 500k this is perhaps not the best
option. Please see the table on page 21 for
the acquisition, running and sale costs.
Which Jurisdiction? – The two most widely used
jurisdictions which have suitable holding company
regimes for asset owning structures are USA
(Delaware) and Malta, but there are various others
too such as New Zealand and even the UK.
None of these are considered fiscally privileged
by the Portuguese government; they have flexible
and well-established legal systems, uncomplicated
corporate compliance requirements and have
re-domiciliation legislation in place.
The USA has a sophisticated and flexible
corporate legal regime and one state in
particular, Delaware, is commonly used for
property ownership. For clients looking for an EU
jurisdiction Malta’s tax regime is suitable for basic
•M
eetings with representatives of Loulé Council
to voice owners' aspirations and concerns both
within Quinta do Lago and in the immediate
surroundings and to liaise with similar
organisations
•P
rovision of a support centre and help desk for
members to assist in resolving various issues
which can arise from the ownership of a property
in Quinta do Lago.
Why should you join?
The Association is a non-profit organisation and
other than our receptionist/secretary, Zi, is staffed
entirely by unpaid volunteers.
Private Ownership
What are the benefits?
The most important benefit is that the purchase
is very straightforward in Portugal. We do still
recommend you use a local lawyer who can
ensure that the property and its paperwork are in
order. After that, one does not have to maintain
any corporate structure which vary from
EUR 1.5k to EUR 4.5k annually and annual
fiscal representation is marginally less expensive.
Company Owned Property
What are the benefits?
Confidentiality – Buyers and sellers benefit from
a degree of anonymity.
•O
ngoing liaison with Infraquinta and Vigiquinta
It exists solely to represent the best interests of
property owners in Quinta do Lago – the greater
number represented, the greater the influence
which can be brought to bear in the interest of all.
Aproquila
Aproquila was established in 1984 by individual
owners to protect and promote their investments
made in the resort.
If you are not yet a member but wish to maximise
the value and enjoyment of your investment in
Quinta do Lago, you may join Aproquila as an
individual or through an offshore company.
In either event privacy and confidentiality are
guaranteed. Offices are conveniently situated
on the first roundabout on the left-hand side
of the road to Pinheiros Altos.
For more information, please contact:
Did you know ?
The Aproqulia Association has
231 owner members.
N’Zinga Miami (Zi)
Tel: +351 289 394 324
Email: [email protected]
www.aproquila.com
The Association has developed over the years
and now has 231 individual owners as members,
and is supported by the major concerns within
the estate of Quinta do Lago such as hotels,
condominiums, golf courses and villages such as
the Four Seasons Country Club, Four Seasons
Fairways and São Lourenço.
Aproquila’s overriding objective is to maintain
and enhance the quality of Quinta do Lago and
to represent the interests of the property owners.
Privilege Card
Each member is entitled to have two privilege
cards, which allows the members to obtain
substantial discounts from a range of high-end
businesses in the surrounding area such as hotels,
restaurants, shops, etc. Details of the facility
are available on Aproquila’s website
www.aproquila.com and also from the offices
at the first roundabout at Quinta do Lago.
www.quintaproperty.com
Tel: +351 289 396 073
19
Project
Management
The Essential Step to Safeguarding Investment
Just as a company can achieve real success only
with an exceptional leader, a building project must
have outstanding management.
Introducing excellence
The professional and active supervision of projects
undoubtedly saves time and money. It is the most
assured way of guaranteeing excellence through
budgetary, deadline and quality control.
Oversight and monitoring are imperative to
achieve the customer’s unique vision and goals
on time and on budget.
Financial investment in construction projects,
whether in individual villas or urbanisations,
must be given exclusively to transforming static
plans into a superior building. Close scrutiny
by responsible professionals at every phase of
the project is the optimal way to avoid inferior
materials, setbacks and expensive rectifications.
Project management delivers
From the very first contract to the last
legal papers, project management work is
comprehensive. It provides solid advice on
contracts and local planning laws, building
specifications underpinned with technical
guidance on efficient energy systems, and the
administration of tenders. During the building
phase it oversees all matters and reports regularly.
For the final steps of the project, it ensures
that the builder obtains all the legal paperwork,
including the crucial habitation licence.
An experienced project management team
will spearhead all the work and conduct strict
oversight of the contracted stakeholders.
Accountability is required from all, including
architects, engineers, main contractors and
nominated subcontractors, health & safety
co-ordinators, and interior designers.
Blending its technical skills and management
strategies with tested scientific techniques and
tools, excellent management achieves all the
project goals and meets the client’s aspirations.
The dedicated team is the voice of the client whilst
works are in progress.
Algarve Surveyors
Tel: + 351 918 683 819
Email: [email protected]
www.algarvesurveyors.com
Jeff Mauger
Tel: + 351 914 626 385
Email: [email protected]
www.jeffmauger.com
Property
Management
At the heart of any property management service
agreement are the fundamentals necessary to
ensure your investment is well cared for all year
round. Your time spent here should be relaxing,
home ownership can be as enjoyable as planned.
It also ensures that when it comes to the time to
sell your property it achieves the best valuation
possible and distinguishes itself to potential
buyers.
The Algarve seasons mean temperatures in
summer can reach the low 40s and occasional
winter nights below five degrees and at times
memorable Atlantic fronts bring torrential rain and
storms. Such diversity can bring problems to any
property regardless of its age or build quality.
Fortunately there are many professional
companies in the area to provide the basics
of professional property management:
Property Managers recognise that simply handing
a guest the keys at the start of their holiday is no
longer enough in the high-end international travel
sector and seek to provide a range of value added
guest services throughout the holiday to increase
the likelihood of guests returning next year. It is
this level of attention to detail on all aspects of
property ownership that distinguishes the region's
leading property management companies from
all the rest.
We suggest you meet a few before handing
over your home and investment into their care.
The following are a few we can recommend.
Nick Austin – EnQuinta
Tel: + 351 289 350 600
Email: [email protected]
www.enquinta.com
Wendy Davies Management
Tel: + 351 289 392 760
Email: [email protected]
www.wendydavieslda.com
Colin Skinner – CSS Services Ltd
Tel: + 351 289 399 543
Email: [email protected]
Paul Johnstone – JES Property Management
Tel: + 351 289 394 711
Email: [email protected]
www.jesql.com
For properties in Pinheiros Altos:
Nick Austin – EnQuinta
(see contact details above)
•W
eekly visits to ventilate and ensure the interior
is dry, aired, clean and always in a good state
of repair
• Maintenance of gardens and pools
• Payment of utility bills and taxes
• Supervise any works and receive deliveries
• Provide professional maid and laundry services
when occupied and when not.
But whether you are a permanent or
non-permanent owner, the leading property
managers in the region are offering their
clients so much more when required:
•2
4/7 emergency service to owners, family
members and rental guests providing owners
with a familiar voice in times of need – and
bilingual to ensure a quick response to
any situation
Estimated
Running
Costs
* IMI tax based on rateable value under EUR 1m.
These prices are indicative only and will vary
depending on usage.
4 bedroom villa within privately owned plot
Cost Description
Quinta do
Lago
Vale do
Lobo
Alarm monitoring service
250
498
Alarm technical assistance
195
220
Building insurance
2,000
1,750
Cable/Satellite TV
450
450
Electricity
6,500
5,380
• Preferred supplier programmes to ensure
professional services are offered at all times
Garden maintenance
7,200
4,440
Gas
2,000
2,000
• Concierge services for golf, transportation and
dining out etc.
General maintenance
3,500
2,500
IMI*
3,960
3,000
Internet
370
370
Maid service and laundry
6,500
6,000
Property management
3,400
2,844
Public services/Infrastructure
1,410
1,380
Resort membership
0
3,421
Security
1,607
inc. in above
Swimming pool maintenance
2,500
2,500
Water
4,800
3,000
TOTAL ESTIMATED
ANNUAL COSTS (EUR)
46,642
39,753
• Knowledge of new technologies and solutions
that modern home designs are incorporating
and adopting as standard
• Childcare with bilingual and trusted personnel
• For owners wishing to rent – control of the
administration and paperwork to ensure tax and
legal matters are in order
• Introduction of your property to some of
Europe’s leading villa travel agents to secure the
highest rental yields and the most discerning
guests to stay in your villa.
Fixed Annual Property Running Costs 2015
These are fixed costs only, based on the latest information held by Quinta Properties as of March 2015. Prices shown are for guidance only.
Type
Dunas Douradas Beach Club – The luxury five-star award-winning resort is nestled between Quinta do Lago and Vale do
Lobo. It is family friendly with an amazing beachfront location. The modern apartments and villas benefit from direct access to
the beach and most have stunning sea views. The resort offers excellent facilities such as a heated indoor pool, outdoor pools,
gym, beauty salon, children’s pool, children’s club, reception and 24 hr security. A short walk away you will find a selection of
beach bars and restaurants. Golf courses and shops are a five minute drive away.
Condominium
Infrastructure
Security
EUR EUR
EUR
1 bedroom apartment
2 bedroom apartment
3 bedroom apartment
from 7,562
from 9,359
12,789
2 bedroom apartment
3 bedroom apartment
4 bedroom villa
5 bedroom villa
4,392
5,988
2,085
2,606
705
1,058
1,410
1,763
2 bedroom apartment
2 bedroom townhouse
3 bedroom villa
4 bedroom villa
2,195
1,728
2,592
3,456
705
705
1,058
1,410
2 bedroom townhouse
3 bedroom townhouse
3 bedroom villa
4 bedroom villa
5 bedroom villa
from 3,856
from 5,944
from 8,354
from 9,640
from 12,853
705
1,058
1,058
1,410
1,763
2 bedroom apartment
3 bedroom townhouse
3 bedroom semi-detatched w/ pool
3 bedroom villa
4 bedroom villa
3 bedroom villa on private plot
4 bedroom villa on private plot
2,100
2,232
3,010
7,100
10,447
n/a
n/a
705
1,058
1,058
1,058
1,410
1,058
1,410
3 bedroom villa
4 bedroom villa
5 bedroom villa
3,750
5,000
6,250
1,058
1,410
1,763
Studio
1 bedroom apartment
2 bedroom apartment
3 bedroom apartment
2,168
2,890
5,780
8,670
264
352
705
1,058
1 bed apartment w/ pool or Jacuzzi
2 bedroom apartment w/ Jacuzzi
3 bedroom apartment w/ pool
3 bedroom villa
4 bedroom villa
5 bedroom villa
Resort
Membership
1,487
2,131
2,776
2,776
3,421
4,066
Infrastructure
384
780
1,152
1,152
1,380
1,980
1 bedroom townhouse
2 bedroom townhouse
3,471
from 3,997
352
705
218
438
1 bedroom apartment
2 bedroom apartment
3 bedroom apartment
1,528
2,937
3,204
352
705
1,058
218
438
656
1 bedroom apartment
2 bedroom townhouse
3 bedroom townhouse
2,628
5,254
5,839
352
705
1,058
The condominium fee includes: Infrastructures / maintenance of communal areas / pool / gardens / reception / sinking fund
Encosta do Lago – A family friendly resort which is a short walk away from the stunning Ria Formosa Natural Park, beach and
Quinta do Lago’s watersports lake. The resort facilities include a tropical style communal swimming pool, tennis courts, gym,
spa and the fabulous Tucano’s restaurant. There are a number of local restaurants nearby.
The condominium fee includes: Security on site / maintenance of infrastructure / communal areas / swimming pool / gardens
Lakeside Village – A well-established Bovis-built resort offering a variety of accommodation ranging from well-designed
apartments and townhouses to detached villas. Some properties offer stunning lake views. There are extensive on-site facilities
such as two floodlit tennis courts, a large communal swimming pool, bar, restaurant and 24 hr security. The Quinta do Lago
watersports lake, restaurants and the beautiful nature trails of the Ria Formosa are all within walking distance.
The condominium fee includes: Maintenance of the communal areas / communal swimming pool / building insurance for the apartments /
security on site
Monte da Quinta Club – A luxury gated resort set in the heart of Quinta do Lago. Walking distance to the beach and
championship golf courses. Resort facilities offer a luxury spa including steam room, sauna and Jacuzzi, heated indoor pool,
gym, large communal outdoor pool, restaurant, children’s club, shop and 24 hr security.
The condominium fee includes: 24 hr security and surveillance / 24 hr reception and reservation / information, support and forwarding of
owner’s mail / cable TV / maintenance of infrastructures / communal gardens / swimming pool / refuse collection / reading of water, gas
and electricity meters
Pinheiros Altos – A world-class residential golf resort which boasts a 27-hole championship golf course. It attracts many
permanent residents which gives both a friendly and community feel. The resort’s on-site facilities include a golf academy,
golf pro shop, two driving ranges, clubhouse with restaurant and a communal swimming pool. Just a short drive away you
will find shops, restaurants, beaches and the Ria Formosa Natural Park.
The condominium fee includes: Maintenance of communal infrastructures / communal gardens / swimming pool
Quinta Verde – A modern, high-quality residential development within walking distance of Quinta do Lago. This quality resort
offers a clubhouse, gym, spa, reception and 24 hr security. Quinta Shopping and a selection of bars and restaurants are only a
short walk away. Golf courses, beaches and the beautiful Ria Formosa is only a five minute drive away.
The condominium fee includes: 24 hr security / infrastructure / maintenance and cleaning of urbanisation / landscaping and maintenance of
green zone / disinfestations and tree maintenance in public areas / resident information and support centre
Sâo Lourenço Village – Originally built by Bovis and surrounded by the renowned San Lorenzo golf course this is one of the
most exclusive developments within Quinta do Lago. It borders the famous Ria Formosa Natural Park and is within walking
distance of the Quinta do Lago beach. This well looked after resort offers on-site management, a reception, tennis court,
a large attractive communal swimming pool and 24 hr security.
The condominium fee includes: Buildings insurance / wi-fi / membership to Active Q gymnasium / sinking fund / block maintenance fund
Vale do Lobo – A unique, luxury golf and beach resort with outstanding facilities and exclusive location that make it a desirable
year round family destination. The resorts extensive facilities include 2 golf courses, tennis academy, shopping, art gallery,
wellness centre, supermarket, medical centre, conference facilities, 15 restaurants and bars, proprietor’s club, bus service and
24 hr security. The Praça overlooks a two km beach and is a fabulous meeting place with a vibrant atmosphere. The resort also
offers sports and beach activities, an ocean front swimming pool, children’s entertainment programs and year round events.
The condominium fee includes: Access to the wide range of property management services provided through the proprietors club / 24 hr security
including CCTV monitoring and first aid / 24 hr reception facilities / door to door collection of domestic refuse / beach refurbishment / quality
control / 8 personalised Vale do Lobo cards (2 club cards and 6 family cards) / access to an exclusive owners club (the club of clubs) / wide range
of benefits and discounts throughout the resort
Vale dos Pinheiros – This popular traditional resort is within walking distance of the Quinta do Lago watersports lake and
beach. The on-site facilities include a communal swimming pool, sauna, gym, restaurant/bar, tennis court, children’s pool and
playground. There are a number of fabulous restaurants close by.
The condominium fee includes: Maintenance of communal gardens / communal swimming pool / roads, paths and infrastructures /
reception and lounge area / pest control
Victory Village – The quiet family friendly, gated resort is in a wonderful location only a short walk to the beach and
watersports lake of Quinta do Lago. The facilities include a communal pool with children’s area, snack bar, tennis courts and
24 hr security.
The condominium fee includes: Maintenance of infrastructures / communal areas and gardens / swimming pool / tennis court /
rubbish removal / pest control
Vilar do Golfe – This established resort is centrally located in Quinta do Lago and is within walking distance of the Quinta do
Lago tennis centre, golf club, driving range and a variety of restaurants. The facilities include a large communal swimming pool,
bar, restaurant, children’s pool, tennis courts, mini market, the area’s main medical centre and 24 hr reception.
The condominium fee includes: Maintenance of common areas / gardens / swimming pool and facilities / 24 hr security and vigilance /
24 hr reception / reservations / life guard and pool supervisor
923
1,384
1,384
1,384
1,846
1,696
2,261
217
217
434
650
21
de nombreux investisseurs ont certainement un
plus grand pouvoir d’achat.
Votre Propriété au Portugal
L’achat ou la construction d’une propriété est
toujours un acte important sur le long terme
en matière d’espoirs, de joies et de protection
de votre capital. C’est pourquoi nous avons
le souci permanent de vous informer sur les
éléments essentiels concernant votre
propriété au Portugal.
Vous trouverez ci-après les articles
suivants :
22. Le Marché en 2015
23. Le Processus d’Achat
24. L
e Statut de Résident-Non-Habituel
(RNH)
25. Aspects liés aux taxes foncières/cadastre
26. Propriété Privée ou Propriété en Société
Ces informations sont données en l’état
de nos connaissances et de bonne foi au
moment où nous les écrivons. Cependant,
eu égard à la complexité des lois et
règlements des administrations concernées,
à leur variabilité, en cas d’inexactitude notre
responsabilité ne peut être recherchée.
Les spécialistes (avocats, notaires, fiscalistes,
Aproquila…) pourront vous informer plus
précisément.
www.quintaproperty.com
Tel: +351 289 396 073
Le Marché
en 2015
En général, les acheteurs se rendent dans la région
un certain nombre de fois, et font beaucoup de
recherches avant d’acheter, mais une fois qu’ils ont
commencé à négocier, les transactions aboutissent
rapidement car la grande majorité des acheteurs
ont les fonds immédiatement disponibles. Même si
les banques proposent à nouveau des prêts, nous
avons peine à nous souvenir du dernier dossier
dont l’acheteur a requis un prêt.
Quiconque aura récemment visité le Centre
Algarve sera probablement d’accord: l’énergie
positive et la renaissance sont indéniables.
Les entreprises qui ont drastiquement du réduir
leur personnel voire même fermer leurs portes,
sont à présent de retour dans les affaires. Et un
bon nombre de nouvelles entreprises et magasins
viennent de démarrer.
Les propriétés qui se vendent, continuent à
être celles qui présentent bien et permettent un
emménagement immédiat. Les belles, grandes et
neuves 'Supervillas' vont se vendre 4 ou 5 millions
d’Euros, et celles situées aux meilleurs endroits,
avec vues mer ou lac, pourront atteindre deux fois
ce montant. Si seulement nous avions plus de ces
villas à vendre!
Ce réveil a commencé progressivement en 2014
et aujourd’hui, alors que nous écrivons ceci
dans notre calme saison hivernale, l’énergie et
l’optimisme sont tangibles non seulement parmi la
population locale, mais aussi parmi les visiteurs qui
cherchent à investir dans une propriété avant que
les prix ne commencent à augmenter.
Les investisseurs sont désireux d’acheter un
projet nécessitant des travaux et, jusqu’à il y
a peu, ces projets ont changé de mains à des
prix relativement bas. Cette partie du marché
est maintenant en rapide évolution. Avec moins
d’offres de projets sur le marché, et moins
d’anciennes propriétés à la vente, la demande
est plus importante que l’offre et les prix sont
à la hausse.
Au cours des 4 dernières années nous avons
vécu une croissance substantielle du nombre de
ventes qui a abouti en 2014 à une augmentation
de 34% par rapport à l’année précédente.
Plus de demandes, nourries par un affaiblissement
de l’Euro mais aussi par un programme fiscal et
résidentiel attrayant, ont laissé beaucoup moins
de propriétés sur le marché. Au cours des derniers
mois, les propriétaires se voient recevoir des offres
beaucoup plus élevées, si pas le prix plein !
De gros investisseurs à l’échelle mondiale
provenant de Chine, des États-Unis et du
Royaume-Uni souhaitent participer au regain du
marché. De nombreux développements dormants
ainsi que des stations balnéaires existantes sont
en cours de négociation et se réveillent de leur
paisible et ensoleillé sommeil.
La plus grande partie des nouveaux acheteurs est
constituée par le marché français. Irrésistiblement
et grâce aux avantages fiscaux attrayants, des
milliers d’acheteurs français se sont rués au
Portugal. Ils ne sont pas simplement acheteurs ou
vacanciers, mais deviennent résidents avec armes
et bagages. L’intérêt envers le programme de
Résident Non-Habituel (RNH) (détails à la page
24) ne cesse de croître. D’autre part, les Européens
du nord découvrent que l’Algarve a beaucoup plus
à offrir que les clichés faciles “soleil, plage et golf”!
Le programme Golden Visa (détails à la page 18)
continue à accueillir bon nombre d’investisseurs
non-européens au Portugal. Ceux-ci investissent
principalement dans des propriétés de EUR 500k
à EUR 750k. Au moment de l’impression de ce
Guide, au printemps 2015, il y a eu 1987 demandes
et l’élan ne ralenti en aucun cas.
Les familles aisées à la recherche de maisons
de vacances et les investisseurs sont de retour
également. La confiance est revenue sur le marché
et nous voyons un grand nombre de riches et
sophistiqués britanniques, irlandais, belges et
autres Européens arriver à Quinta do Lago et Vale
do Lobo, cherchant à investir dans une propriété.
Encouragés par une Livre Sterling et un Franc
Suisse forts, face à l’affaiblissement de l’Euro,
Il suffit de regarder à Quinta do Lago, pas
moins de 48 propriétés sont en construction
ou rénovations importantes. L’argent afflue
dans la région et ces fameuses Supervillas
émergent. Principalement par de riches familles
européennes qui désirent plus grand, plus beau
et technologiquement avancé, où seul le meilleur
fera, et ils estiment que c’est le bon endroit pour
cela. Ils construisent pour eux-mêmes. Peu de sites
en construction au sein du complexe sont destinés
à la revente.
Les propriétés plus petites sont également en forte
demande. La région manque de bons logements
pour une population plus âgée. De nombreux
résidents de longue date de Quinta do Lago et
Vale do Lobo pensent à quitter leurs grandes villas
et prendre plus petit, mais la disponibilité de ces
propriétés est faible.
L’offre est limitée – donc ne nous plaignons pas –
mais c’est sûrement aussi une réelle opportunité
pour les développeurs! Il y a encore des terrains
non-développés au sein des deux principales
stations balnéaires et les personnes âgées
représentent certainement un marché en
expansion dans notre merveilleuse région,
au climat si propice pour elles.
Sommes-nous sortis de la récession?
A comparer avec d’autres marchés,
y étions-nous vraiment?
C’est discutable, mais nous préférerions nettement
avoir un bien dans notre région que dans de
nombreuses autres. Jamais les prix ne se sont
écroulés. Les saisies bancaires, si courantes en
Espagne, sont relativement rares ici. La clientèle
locale est peut-être plus à l’abri de la récession que
sur d’autres marchés. Quinta do Lago et Vale do
Lobo offrent un bouquet d’ingrédients difficiles à
battre. En dehors du soleil, de la plage et du golf,
ces domaines permettent aux riches européens
de jouir d’un mode de vie incroyablement aisé
et qu’ils s’efforceront de garder pour eux et
leurs familles.
Dans un monde fou, baigné de craintes et de
dangers, l’Algarve est un havre de paix, serein et
sûr. Il a tiré les leçons de l’Espagne et d’autres,
mesurant qu’une offre excédentaire et bon marché
n’est pas une solution durable. La qualité de
l’environnement, les installations, le mode de vie et
bien sûr la Localisation contribuent à sa recette du
succès. Vers quelle autre destination pouvez-vous
voyager si rapidement et arriver dans une région
aussi comparable?
Ce n’est pas une coincidence si Savills, lorsqu’il
conseille les développeurs internationaux, cite
Quinta do Lago comme exemple de réussite.
Que va nous apporter 2015 ?
Nous nous attendons pleinement à voir le marché
monter en flèche cette année. Le climat, et nous
n’entendons pas la météo, le démontre sur tous les
fronts et tend vers plus de demande et moins de
disponibilités. L’origine et le nombre d’acheteurs
se sont diversifiés et développés, créant une
concurrence pour les meilleures propriétés.
Pour la première fois depuis 5 ans, nous sommes
activement à la recherche de nouveaux mandats.
Principalement sur Quinta do Lago et
Vale do Lobo.
Par Kerstin Buechner et
Alison Buechner Højbjerg
Directeurs & Propriétaires de QP
(Contrato Promessa de Compra e Venda – CPCV).
Ce contrat ferme entre les vendeurs et acheteurs
est généralement signé par les deux parties en
présence d’un avocat/notaire. Le Compromis
de Vente confirme l’identité des acheteurs et
vendeurs, les détails de la propriété, le plan de
paiements, la date de l’Acte Définitif, ainsi que tout
accord spécial convenu entre les parties.
Au moment de la signature, il est d’usage que
l’acheteur paye un acompte non-remboursable
de 10% au vendeur, via les « compte clients » des
avocats. Selon le droit portugais, si le vendeur
ne respecte pas les conditions reprises dans le
contrat, il doit restituer l’acompte en double
à l’acheteur.
L’Acte Définitif
L’Acte Définitif (Escritura) est l’acte officiel de
transfert de propriété du vendeur envers vous.
Il sera signé à la date convenue en l’Etude du
Notaire, soit par vous soit par votre avocat si vous
avez choisi de lui donner procuration. A ce stade,
le solde du prix d’achat sera payé et le notaire
procédera alors à l’enregistrement officiel de
la transaction.
Dès que l’Acte est signé et toutes les transactions
sont terminées, votre avocat vous enregistrera
comme nouveau propriétaire auprès du Cadastre
(Registo Predial). Vous devriez en demander
copie à votre avocat.
vendeur, à nouveau via les comptes clients des
avocats. Ensuite, le Bureau de Gestion comptable
et fiscale de la société, transfèrera les statuts
et parts du vendeur au nom de l’acheteur.
Ce processus est rapide, simple et en anglais.
Les frais liés à l’achat
Avocats
Les frais juridiques des avocats varient entre 1% et
2% du prix d’achat
IMT – Taxe à l’Achat d’une Propriété
Ceci est la taxe portugaise concernant le transfert
de propriété. Lors de l’acquisition d’une propriété
privée, cette taxe est payable par l’acheteur avant
l’Acte Définitif. Le montant varie selon le prix
d’achat et se base sur une échelle allant de 1% à
6%. Votre avocat vous informera plus précisément.
Notaire, Timbre Fiscal et enregistrement au
Cadastre
Ces frais sont payables par l’acheteur (via son
avocat) au moment de la signature de l’Acte
Définitif chez le Notaire et au Cadastre lors de
l’enregistrement du transfert de propriété.
Le Timbre Fiscal s’élève à 0.8% du prix d’achat.
Propriété au nom d’une société
Dans le cas d’une procédure de Cession de Parts,
la taxe IMT, les frais de notaire, le timbre fiscal et
les frais d’enregistrement sont évités (voir tableau
comparatif page 17)
Numéro Fiscal
En tant qu’acheteur d’une propriété au Portugal,
vous aurez besoin d’un Numéro Fiscal Portugais
(NIF). Ce numéro vous sera attribué en tant que
Non-Résident et n’aura, par conséquent, aucune
implication fiscale au Portugal. Il vous permettra
aussi d’ouvrir un compte en banque. Votre avocat
devrait normalement vous conseiller et vous aider
à l’obtenir.
Le Processus
d’Achat
La Lettre D’intention et votre avocat local
Dès que vous aurez trouvé la propriété que vous
souhaiteriez acheter, et que votre agent aura
négocié avec succès un accord en votre nom,
celui-ci préparera une « Lettre d’Intention ».
Ce document stipule clairement le prix convenu,
les dates du Compromis de Vente et de l’Acte
Définitif, ainsi que ce qui doit y être inclus.
A ce moment, nous vous recommandons de
donner vos instructions à un avocat local qui vous
représentera dans le processus d’achat. Votre
Lettre d’Intention signée sera envoyée à votre
avocat et servira de référence pour la rédaction
des actes (compromis de vente et acte définitif).
Propriété à titre Privé
Le Compromis de Vente
Dès que votre avocat sera chargé de vous
représenter, il pourra commencer toutes les
enquêtes légales concernant la propriété.
Il s’assurera que le vendeur a le pouvoir de vendre
et qu’il n’y a aucune dette en cours envers des
tiers (hypothèque, entretien, infrastructure, taxes
foncières, frais communautaires…). Il pourra alors
préparer le contrat du Compromis de Vente
Propriété appartenant à une société
Le Compromis de Vente
Beaucoup de propriétés de prestige appartiennent
à des sociétés. La propriété elle-même représente
l’actif/capital de la société et les acheteurs
achètent par conséquent les parts de la société.
Ces structures sont généralement domiciliées à
Malte ou à Delaware, néanmoins il existe dans le
monde bon nombre d’autres juridictions offshore
également classifiées « white ».
Si la propriété que vous choisissez fait partie de
l’une de ces structures, votre avocat portugais fera
les enquêtes légales habituelles sur la propriété.
De plus, il vérifiera la structure légale de la société
de façon très approfondie (Due Diligence) via une
demande officielle adressée au Bureau de Gestion
qui lie la société aux juridictions de son domicile.
Ces recherches clarifieront l’actionnariat, les frais
de gestion, les garanties et représentations,
les procédures légales de la société, etc…
Votre avocat préparera ensuite la Convention de
Cession des Parts/actions, et à la signature de
celle-ci, l’ensemble des termes et conditions de
la transaction seront obtenues et un acompte
sera versé au vendeur, via les « comptes clients »
des avocats. Cette transaction aura lieu sous la
juridiction du domicile de la société.
L’Acte Définitif de Vente
La procédure d’achat est simplement aboutie
lorsque les deux parties remplissent les termes
convenus dans la Convention de Cession des
Parts. Le Transfert de Propriété a lieu lorsque
l’acheteur verse le solde du prix d’achat au
www.quintaproperty.com
Tel: +351 289 396 073
23
Le Statut de
RésidentNon-Habituel
(RNH)
Le Portugal n’est sans doute pas le premier pays
qui vient à l’esprit quand on parle de régimes
fiscaux favorables mais, en fait, le Portugal offre
un régime fiscal très attrayant pour les personnes
physiques résidentes, appelées “non habitual
residents” (NHRs) ou résidents non habituels.
Ce régime prévoit un taux d’imposition forfaitaire
de 20% sur le revenu d’un emploi qualifié même
en tant qu’indépendant et il prévoit aussi une
exemption d’impôt pour presque tous les revenus
de source étrangère.
La 36ème place parmi les 144
Rang Mondial du Forum Economique Mondial de
2014-2015
La 25ème place parmi les 189
Le Doing Business Report de la Banque Mondiale en 2015
L’économie portugaise est devenue de plus en
plus diversifiée et a développé son secteur tertiaire
des services depuis que le pays a rejoint l’Union
européenne (UE) en 1986. En ce qui concerne la
compétitivité, le Portugal obtient la 36ème place
parmi les 144 pays classés au rang mondial du
Forum Economique Mondial de 2014-2015 et la
25ème parmi les 189 pays classés dans le Doing
Business Report de la Banque Mondiale en 2015.
Ajoutons à cela l’absence de frais à la remise de
fonds, un régime de permis de séjour convivial
permettant la libre circulation dans l’espace
Schengen ainsi que la possibilité de demander
la nationalité portugaise et par conséquent un
passeport de l’UE, l’absence d’impôt sur la fortune
et un traitement avantageux sur les donations
et héritages.
Voilà pourquoi il est évident que le Portugal est un
lieu très attrayant.
Le pays investit pour développer un tourisme haut
de gamme et un réseau touristique immobilier de
luxe. Il investit également pour devenir au sein de
l’UE un pays de premier plan dans le domaine de
la Recherche et Développement ainsi que dans
celui de la technologie de l’information.
Le gouvernement a lancé une stratégie
économique axée sur la promotion des
exportations et sur l’investissement étranger direct.
Le lancement du site « Living in Portugal »
(www.livinginportugal.com/pt/), le programme
des Golden Visas (voir page 18) ainsi que la
réforme de l’impôt sur le revenu des sociétés
en 2014 et celle de l’impôt des particuliers en
2015 sont des exemples de l’engagement du
gouvernement à attirer l’investissement étranger
au Portugal.
Régime fiscal portugais des Résidents
Non Habituels (NHRs)
Le régime de Résident Non Habituel accorde un
impôt avantageux sur le revenu des particuliers
à qui devient résident fiscal au Portugal,
à condition de n’avoir été résident fiscal portugais
dans aucune des cinq années précédentes.
Le statut est accordé pour une période de 10 ans.
Les autorités fiscales portugaises ont simplifié les
procédures d’enregistrement sous le régime NHR,
donnant ainsi une autre preuve de l’engagement
du Portugal à attirer les talents étrangers ainsi que
des individus fortunés et leurs familles.
Pour être considéré comme résident fiscal
au Portugal en conformité avec les règles
en vigueur à partir du 1er Janvier 2015, l’une
des conditions suivantes doit être remplie:
•S
oit passer plus de 183 jours, consécutifs ou
non, au Portugal, dans une période de 12 mois
commençant ou se terminant dans l’année
fiscale considérée.
• Soit dans le cas où l’on passe moins de 183 jours
au Portugal, maintenir une résidence au Portugal
indiquant qu’on y réside pendant tous les jours
de la période visée ci-dessus.
Dans certaines circonstances, la résidence partielle
dans l’année peut être possible, en ce sens que le
contribuable peut être considéré comme résident
fiscal pendant une partie de l’année d’imposition
et comme non-résident pour la partie restante.
Les NHRs sont soumis à un taux réduit de 20%
d’impôt sur le revenu des salaires ainsi que sur
les revenus d’affaires et revenus professionnels
provenant d’une source portugaise découlant
d’activités à forte valeur ajoutée de nature
scientifique, artistique ou technique”, répertoriées
selon une liste publiée par les autorités fiscales
portugaises. Un supplément de 3,5% est
également applicable actuellement.
Les NHRs sont exemptés d’impôt sur le revenu des
particuliers sur les salaires provenant d’une source
non-portugaise, si ces salaires ont été soumis
à l’impôt dans le pays d’origine en vertu d’une
convention de non-double imposition existante
ou, dans le cas où il n’existe aucune convention
de non-double imposition, à condition qu’il soit
prouvé que ces salaires ont été effectivement
imposés dans le pays d’origine.
En conséquence, les sociétés multinationales
auront un énorme avantage à localiser leurs
centres d’excellence (par exemple, les centres
de Recherche et Développement) au Portugal.
Les entreprises portugaises auront un
stimulus important pour attirer les meilleurs
talents étrangers.
Pour les NHRs, les revenus d’affaires et revenus
professionnels d’une source non-portugaise relatifs
à des « activités à forte valeur ajoutée de nature
scientifique, artistique ou technique » ainsi qu’à
la propriété intellectuelle ou industrielle ou au
« savoir-faire » sont exemptés d’impôt sur le
revenu des particuliers, à condition que ce revenu
puisse être imposé en vertu d’une convention de
non-double imposition existante ou puisse être
imposé dans une autre juridiction ne figurant pas
dans la “liste noire”, ce en conformité avec les
dispositions de la Convention Fiscale Modèle de
l’OCDE. Il n’est pas nécessaire que ces revenus
soient effectivement imposés mais simplement
que le pays d’origine ait le droit de les taxer.
Les revenus locatifs et les plus-values sur la
vente de biens immobiliers situés à l’étranger, les
revenus de placement tels que les dividendes et
les intérêts à partir d’une source non-portugaise
sont également exemptés d’impôt sur le revenu
des particuliers pourvu que les conditions décrites
ci-dessus soient remplies.
Les pensions versées à l’étranger aux NHRs sont
également exemptées d’impôt sur le revenu des
particuliers, si ces pensions sont assujetties à
l’impôt en vertu d’une convention de non-double
imposition existante ou encore si la pension n’est
pas considérée comme obtenue au Portugal et
si les contributions en question n’ont pas donné
lieu à une déduction d’impôt sur le revenu des
particuliers au Portugal. Vu que la plupart des
conventions de non-double imposition accordent
des droits d’imposition exclusifs dans le pays de
résidence (qui serait, dans ce cas, le Portugal),
cela signifie que, dans la pratique, le revenu de
pension puisse finir par ne pas être imposé au
Portugal ou dans le pays d’origine.
En outre, en devenant NHRs portugais,
les individus fortunés peuvent être en
mesure d’accumuler leurs richesses dans un
environnement fiscal amical (autre qu’un paradis
fiscal figurant sur la “liste noire”), de disposer de
leurs actifs tout en bénéficiant d’exonérations
fiscales, de transmettre à la génération suivante
leurs richesses ou leurs biens sans droits de
succession sur l’héritage ou sur la donation
et/ou de profiter de leur retraite sans pertes
fiscales sur leurs pensions.
Les raisons de vivre et d’investir au Portugal.
• Un taux forfaitaire de 20% sur les revenus d’un
emploi portugais provenant d’activités qualifiées
et une exemption sur la quasi-totalité des
revenus de source étrangère est disponible
pour les NHRs;
• Une exemption d’impôt sur les donations et
les héritages pour le conjoint, les ascendants
ou descendants. Les héritages ou donations à
d’autres personnes seront soit non imposables
en raison des règles généreuses du pays, soit
soumis à un taux d’imposition forfaitaire de 10%;
• Aucun impôt sur la fortune et sur la transmission
gratuite de fonds au Portugal ou à l’étranger;
• Un régime fiscal avantageux pour les pensions et
les revenus d’assurance-vie (y compris les fonds
de type “unit linked”) réduit considérablement la
charge fiscale effective sur le capital investi;
• Les sociétés autorisées à fonctionner dans
le Centre International d’Affaires de Madère
(Madeira International Business Center – MIBC),
y compris les succursales d’entités possédées
par des non-résidents, bénéficient d’un impôt
forfaitaire de 5% sur le revenu des sociétés
jusqu’au 31 Décembre 2020, applicable aux
revenus provenant de transactions avec les
non-résidents (ou avec d’autres entités MIBC),
limitées à des seuils de revenu imposable et en
fonction de la création d’emplois. L’exonération
de l’impôt à la source s’applique sur les
dividendes, intérêts, redevances et services;
• Les sociétés portugaises peuvent profiter
des règles de l’UE de non-discrimination
et des directives de l’UE sur les fusions, les
dividendes, les intérêts et les redevances ainsi
•L
es dividendes et les plus-values obtenues par
les entreprises portugaises peuvent bénéficier
d’un régime d’exemption participatif, ce qui
fait du Portugal un emplacement intéressant
pour les investissements à l’étranger, y compris
les investissements au Brésil et dans les pays
lusophones en Afrique.
Le Portugal a signé 71 conventions de non-double
imposition dont 64 sont en vigueur, plus de
50 accords de protection des investissements,
15 accords d’échange de renseignements fiscaux
dont la plupart sont déjà en vigueur (par exemple
avec les Bermudes, les îles Cayman et Gibraltar)
et plusieurs accords de sécurité sociale.
VPT = VC x A x Ca x CI x Cq x CV, d’où:
VPT = Valeur imposable attribuée par les autorités
fiscales à la propriété
VC = Valeur de Base de propriétés construites
(valeur des travaux de construction par m2 fixé
annuellement par les autorités fiscales, et la valeur
du m2 du terrain d’implantation dont 25% de cette
valeur) soit actuellement EUR 603
A = Surface brute de construction – somme de
la superficie totale de la construction y compris
terrasses, garage, places de parking et remises
Ca = But de la propriété, par exemple commerce,
ou services ou résidentiel
CI = Localisation – coefficient fixé tous les trois ans
par la municipalité locale et peut varier entre
0,4 et 3,5
Leendert Verschoor - PwC Partner
Tél: + 351 213 599 631
Email: [email protected]
Luis Filipe Sousa - Senior Manager PwC
Tél: + 351 213 599 671
Email: [email protected]
www.pwc.pt/en/fiscalidade/individuals-taxation.
jhtml
Aspects liés aux
taxes foncières/
cadastre
La législation portugaise en matière de fiscalité
relative au secteur immobilier a subi de
nombreuses et importantes modifications ces
dernières années.
La valeur imposable des propriétés (VPT)
représente la valeur que les autorités fiscales
attribuent aux biens immobiliers. Elle sert de base
de calcul pour les impôts fonciers et dans certains
cas pour déterminer les taxes minimales relatives
aux transactions immobilières. Par le passé, la
valeur imposable des propriétés était très basse
et présentait des écarts énormes entre les valeurs
imposables et les prix du marché immobilier.
Afin de rectifier cette situation et accroître les
recettes fiscales, les autorités portugaises ont
mit en œuvre une réforme fiscale profonde
dans le secteur immobilier. Celle-ci a abouti à
l’augmentation progressive de la valeur imposable,
de tous les types de propriétés, en corrélation
avec les valeurs du marché et, par conséquent,
à l’augmentation des recettes fiscales, ainsi qu’à la
diminution et le contrôle de l’évasion fiscale.
Afin d’actualiser la valeur des propriétés,
le législateur a créé une formule par laquelle
la nouvelle valeur imposable des propriétés
est calculée plus objectivement et atteinte:
Cq = Confort et Qualité – facteurs qui peuvent
augmenter ou diminuer la valeur comme la
présence d’une piscine, le fait qu’il n’aie a pas
d’ascenseur dans un immeuble de plus de
3 étages
CV = (Vétusté) critère d’âge applicable en fonction
de l’âge de la propriété. Les anciennes propriétés
bénéficient d’un coefficient inférieur.
Toutes les propriétés vendues depuis 2003 ont
été évaluées suivant cette nouvelle formule.
L’ensemble des autres ont été sujettes à une
procédure générale de réévaluation qui s’est
terminée en 2013. Dans la grande majorité des
cas, l’augmentation de la valeur imposable des
propriétés a mené á une augmentation de la taxe
annuelle foncière/cadastre (IMI).
Dès réception de la notification de
l’administration fiscale reprenant la nouvelle
valeur imposable, les surfaces et les coefficients
applicables devraient être vérifiés car des erreurs
se sont parfois produites. Bien que le délai fixé
par les autorités fiscales pour présenter une
réclamation soit de 30 jours après réception de
la notification, l’administration accepte d’apporter
des modifications dans les cas où il y a une
erreur évidente dans les éléments utilisés pour
faire l’évaluation.
Les évaluations des propriétés résidentielles et
terrains à construire sont mises à jour tous les
trois ans sur base de critères correspondant à
75% des coefficients de dévaluation de la monnaie
fixés annuellement par le gouvernement (indice
annuel). Pour des questions d’impôts sur le revenu,
les propriétaires peuvent également faire la
demande de réévaluation pour autant que celle-ci
soit demandée dans un délai de 3 ans à dater de la
dernière évaluation. Ceci est une occasion aussi de
rectifier les erreurs trouvées.
Notaire, timbre fiscal et frais d’enregistrement –
Ces frais sont payables par l’acheteur (via son
avocat) avant la signature de l’Acte Définitif chez
le Notaire et l’enregistrement du transfert de
propriété au nom de l’acheteur. Le Timbre Fiscal
s’élève à 0.8% du prix d’achat. Les frais de notaire
et d’enregistrement sont généralement de
EUR 1.000 environ.
IMI – Impôts fonciers annuels/Cadastre – à payer
annuellement à terme échu généralement en deux
versements bien que depuis 2012 (taux payés en
2013), il peut être payé en trois versements (avril,
juillet et novembre), pour les factures annuelles
supérieures IMI EUR 500,00. Cette taxe est basée
sur la valeur imposable des propriétés (VPT) et
peut varier entre 0.3% et 0.5%. Dans cette marge,
le taux est fixé annuellement par la municipalité
locale de la propriété. Dans la municipalité de
Loulé le taux d’application en 2015 est de 0.39%.
L’IMI pour les propriétés rustiques reste à 0.8%.
IS – Droit de Timbre: afin d’augmenter les recettes
fiscales et atteindre les objectifs imposés par
les institutions internationales contrôlant la
restructuration économique du Portugal,
le gouvernement portugais a introduit à la fin
de 2012 une nouvelle taxe annuelle sur les biens
immobiliers aux fins résidentielles (y compris
les terrains à bâtir) ayant une valeur imposable
(VPT) de plus de 1 million d’euros. Ces propriétés
seront soumises à la déjà existante IMI comme
reprise ci-dessus ainsi qu’à cette nouvelle taxe
additionnelle. Le cumul de ces deux taxes (IMI+IS)
est plafonné à 1.5% de la valeur imposable (VPT).
Bien qu’important, le cumul de ces taxes reste
encore bien inférieur à celui des autres pays
européens comme l’Espagne, la Grèce et la France,
où les taxes foncières annuelles peuvent aller
respectivement jusqu’à 3,6 %, 2,1 % et 2,2 %**.
Cette taxe est d’application depuis 2013, relative à
2012, et au taux de 1% de la VPT*. Le paiement de
cette taxe a lieu en même temps que celle de l’IMI
et la base de calcul est fondée sur la même VPT
utilisée pour calculer l’IMI.
Taxe sur la Valeur Ajoutée – Lors de la vente
d’une propriété, il y a une Taxe sur la Valeur
Ajoutée à payer. Elle est actuellement de 28%
pour les particuliers et 25% pour les entreprises
(non-résidentes). Cette taxe est calculée sur
différence entre le prix de vente et le prix d’achat
ou le prix de la construction de la propriété (si
applicable) et se base sur l’index le plus élevé de
sa valeur imposable (VPT). Lors de la construction
d’un immeuble, il est important de vous assurer
que vous recevez les factures appropriées des
entrepreneurs, relatives aux montants versés,
afin d’avoir la possibilité de compenser ces frais
Voici un résumé des taxes applicables lors
de l’achat, possession, location, vente ou
héritage d’une propriété au Portugal:
IMT – Taxe à l’achat d’une propriété. Cette taxe est
payable par l’acheteur avant l’Acte Définitif d’achat.
Sur les habitations, le taux varie selon le prix
d’achat de la propriété et peut atteindre 6%.
Sur les terrains rustiques, le taux fixe est de 5%.
Sur les terrains à construire le taux d’application
est toujours de 6.5%*. Le montant minimum sur
lequel l’IMT peut être payé est le VPT même si le
prix d’achat est inférieur.
www.quintaproperty.com
Tel: +351 289 396 073
25
sur la taxe de la valeur ajoutée, exigible lorsque la
propriété est vendue.
Saviez-vous que ?
Il y a d’autres frais que vous
pouvez utiliser pour compenser
cette taxe, comme les factures de
certaines rénovations apportées
à la propriété au cours des
douze dernières années,
les taxes, les frais de notaire, les
frais d’enregistrement payés au
moment de l’acquisition de la
propriété et les commissions de
l’agent immobilier.
Si la propriété que vous vendez est votre résidence
principale et si, dans les 36 mois qui suivent la
vente, vous réinvestissez le produit de la vente par
l’acquisition, la construction ou la rénovation d’une
autre propriété désignée comme votre résidence
principale – sur le territoire de l’UE ou dans un
territoire appartenant à l’espace économique
européen avec lequel le Portugal a des accords
d’échange d’informations fiscales – vous pouvez
éviter le paiement de cette Taxe sur la Valeur
Ajoutée, totalement ou partiellement en fonction
du montant que vous réinvestissez.
Saviez-vous que ?
Taxe de Succession/Héritage –
Actuellement, cette taxe n’est
pas d’application au Portugal lors
d’héritages ou de dons survenant
entre proches parents c.-à-d.
* Veuillez noter que les valeurs mentionnées ci-dessus
pour l’IMT, L’IMI et IS vont sensiblement augmenter, et ne
bénéficieront pas de l’exemption de paiement de taxes
pour une période de deux ans, si la société propriétaire
du bien est domiciliée dans une “juridiction sous liste noire”
(black listed offshore).
** Dans l’Expresso – supplément économique du
02/02/2013. Veuillez noter qu’il s’agit ici d’informations
générales. Pour tout conseil avisé, veuillez prendre
contact avec un avocat ou un fiscaliste.
*** Ces informations sont données en l’état de nos
connaissances et de bonne foi au moment où nous les
écrivons. Cependant, eu égard à la complexité des lois
et règlements des administrations concernées, à leur
variabilité, en cas d’inexactitude notre responsabilité ne
peut être recherchée. Les specialistes (avocats, notaires,
fiscalistes…) pourront vous informer plus précisément.
Propriété Privée
ou Propriété
en Société
L’achat et la possession d’une propriété soit en
leur propre nom soit à travers une société est
une question à laquelle beaucoup de personnes
se trouvent confrontées lors de l’achat d’une
propriété dans notre région. Pour l’une ou l’autre
solution les avantages et les inconvénients doivent
être pris en considération.
La marche à suivre pour ces deux types
d’acquisition est décrite dans le Processus d’Achat
de ce guide à la page 23. Nous vous conseillons,
de plus, de consulter vos propres conseillers
juridiques et fiscaux.
Propriété privée
Quels en sont les avantages?
L’avantage le plus important est que l’achat
en est très simplifié au Portugal. Nous vous
recommandons malgré tout d’avoir toujours
recours à un avocat local qui fera en sorte que la
propriété et les documents s’y rapportant soient
en ordre.
Saviez-vous que ?
De plus, on n’a pas à payer les frais annuels
d’une structure de société qui peuvent varier de
EUR 1500 à EUR 4500.
En 2014, le gouvernement a introduit une loterie
“e-fatura” par laquelle le contribuable peut gagner
des prix (actuellement des voitures). Il lui suffit,
lors d’achats de produits ou de services,
de demander une facture en bonne et due forme
en précisant son numéro fiscal (NIF). Ces factures
sont automatiquement enregistrées au Ministère
des Finances et font l’objet de tirages réguliers.
Cette mesure tend à combattre l’évasion fiscale.
Vous pouvez obtenir plus d’informations sur
www.portaldasfinancas.gov.pt
Les coûts impliqués – la diminution possible des
impôts. La vente du bien via la vente des actions
de la société offre des avantages à la fois pour
l’acheteur et pour le vendeur: moins de taxes de
transfert, de frais de notaire et de taxes sur les
plus-values au Portugal. Cependant, il existe des
coûts de fonctionnement liés à ces sociétés et
il vaut donc mieux que la valeur de la propriété
justifie ceux-ci. Votre avocat sera en mesure de
vous conseiller à ce sujet. Si une propriété a une
valeur inférieure à EUR 500.000, la propriété en
société n’est peut-être pas la meilleure option.
Veuillez consulter le tableau de la page 17
en ce qui concerne les coûts liés à l’acquisition,
au fonctionnement et à la vente.
Quelle en est la juridiction?
Les deux juridictions auxquelles on a le plus
largement recours parce qu’elles offrent des
structures plus appropriées à la possession d’actifs
sont celles des États-Unis (Delaware) et de Malte.
entre parents/enfants et conjoints. Bien que sur
les dons vous ayez une taxe de 0,8 % de droits
de timbre basée sur la valeur imposable de la
propriété (VPT). D’autres situations de successions
ou de donations (par exemple entre amis) seront
soumises aux droits de timbre à un taux de 10%
de la valeur VPT.
Loterie Fiscale
ce qui permet d’éviter ainsi la nécessité d’obtenir
du Portugal la reconnaissance de la validité d’un
testament non-portugais.
Il en existe cependant plusieurs autres telles
que celles de la Nouvelle-Zélande et même du
Royaume-Uni.
Aucune de celles-ci n’est considérée par le
gouvernement portugais comme fiscalement
privilégiée. Ces pays ont des systèmes juridiques
souples et bien établis, des exigences simples
de conformité de société et ils disposent d’une
législation de redomiciliation.
Les USA ont un régime juridique sophistiqué et
flexible en ce qui concerne les sociétés; un Etat
en particulier, le Delaware, est couramment utilisé
pour y établir la possession d’une propriété.
Pour les clients à la recherche d’une juridiction
de l’UE, le régime fiscal de Malte est adapté aux
structures de simple propriété. Cependant, le plus
souvent, le droit civil des sociétés de Malte est
globalement très similaire à celui du Royaume-Uni
et d’autres pays.
Les deux juridictions sont relativement peu
coûteuses mais les exigences réglementaires
de conformité sont supérieures à Malte qu’au
Delaware. Et l’administration d’une société est
légèrement plus coûteuse à Malte qu’au Delaware.
Enfin, le coût de la représentation fiscale annuelle
est légèrement moins élevé.
Propriété en société
Quels en sont les avantages?
La confidentialité - Acheteurs et vendeurs
bénéficient d’un certain degré d’anonymat.
La planification de la succession – Lorsque les
propriétaires usufruitiers sont mari et femme la
propriété effective des actions peut être conjointe
avec droit au conjoint survivant, de sorte que si l’un
d’eux meurt la propriété passe automatiquement
au survivant. Au décès du conjoint survivant le
transfert de propriété aux héritiers est facilité par le
fait que le titre de propriété du bien reste le même,
Pour les conseils d’un expert fiscal veuillez
contacter:
Jean Shaw – Abacus Gibraltar
Tél: +350 200 78777 or +350 549 86000
Email: [email protected]
Anne Darlington – Abacus Algarve
Tél: +351 289 394 780 or +351 969 016 748
Email: [email protected]
We hope you find these pages helpful
- should you have any questions,
please do not hesitate to call us.
We pride ourselves not only on the
calibre of property that we market,
but also in the service we provide.
Legal Consultants:
Drs Tiago G. Luís & Josué S. Coelho
Dr Elia Apolo
www.quintaproperty.com
Tel: +351 289 396 073
27
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29
Years as the market leader
culminates in QP having
the most extensive luxury
property portfolio, many of
which are exclusive listings.
We are proud to share a
selection with you.
31
6 BEDROOM VILLA – EXCLUSIVE LISTING
Magnificent, front-line spacious villa boasting one of the best locations in Quinta do Lago with far-reaching views across the
San Lorenzo golf course, Ria Formosa and Atlantic Ocean. With a simply breathtaking outlook, the villa is of a beautiful
traditional design and is built to maximise its southern orientation and views. Just an easy stroll away from the gorgeous
nature trails and the bridge to the Quinta do Lago beach.
Ref: 10093QP
Build: 911m²
Plot: 2,130m²
Energy rating: B
Price: GBP 12,500,000
QUINTA DO LAGO
www.quintaproperty.com
Tel: +351 289 396 073
33
NEW 6 BEDROOM VILLA
A stunning new contemporary villa with magnificent views over a beautiful pine forest. The villa is finished to the highest of
standards with an expanse of indoor living and entertaining areas. Situated in the beautiful landscaped gardens is a large
swimming pool. The outside fire pit along with the abundance of dining areas makes this the perfect place for entertaining
and stylish family living.
Ref: 15004QP
Build: 900m²
Plot: 2,900m²
Energy rating: B
Price: EUR 7,500,000
QUINTA DO LAGO
www.quintaproperty.com
Tel: +351 289 396 073
35
3 BEDROOM VILLA
Beautiful and quite unique villa with a Tuscan feel both in the architecture and landscaping.
The living areas are compact and comfortable with a semi open-plan feel and the bedrooms
feature high ceilings that give a sense of spaciousness. Various specific features give an immensely
charming feel to the villa. Complete with all the modern comforts this is a truly lovely family villa in
the heart of Quinta do Lago.
Ref: 85173QP
Build: 371m²
Plot: 1,590m²
Energy rating: C
Price: EUR 2,150,000
QUINTA DO LAGO
www.quintaproperty.com
Tel: +351 289 396 073
37
RARE LAKE-FRONT 5 BEDROOM VILLA – EXCLUSIVE LISTING
Classical five bedroom villa sitting on an elevated plot commanding stunning views and wonderful
sunsets on a fabulous lake-front location. The large swimming pool is placed at lake level and is
surrounded by beautiful manicured lawns. Within walking distance of the on-site facilities,
water-sports lake and three popular restaurants, this villa is a perfect family home.
Ref: 83934QP
Build: 163m²
Plot: 1,206m²
Energy rating: B
Price: GBP 2,500,000
QUINTA DO LAGO
www.quintaproperty.com
Tel: +351 289 396 073
39
PINHEIROS ALTOS
4 BEDROOM VILLA – EXCLUSIVE LISTING
Elegant property with a beautifully symmetrical design, located in the golf resort of Pinheiros Altos. The double height
entrance hall which features a lovely brick ceiling sets the tone for the villa which offers well proportioned and charming
rooms. The spacious living areas open out to the inviting garden and swimming pool area creating a perfect setting for
indoor/outdoor living. There is also a delightful shaded BBQ area which is the ideal place for entertaining friends and family.
Build: 519m2
Plot: 2,374m2
Energy rating: C
Price: EUR 2,500,000
QUINTA DO LAGO
Ref: 83662QP
4 BEDROOM VILLA
Gorgeous new villa offering an abundance of space with a fabulous indoor and outdoor design. The style is
very traditional and yet it is fully equipped with all the modern comforts. Exceptionally presented with beautiful
landscaped gardens and the most exquisite of furnishings and fittings throughout. It is also conveniently located
within walking distance of Quinta Shopping.
Ref: 83267QP
Build: 413m²
Plot: 2,065m²
Energy rating: D
Price: EUR 2,950,000
PINHEIROS ALTOS
4 BEDROOM VILLA – EXCLUSIVE LISTING
Stylish residence located in the heart of the Pinheiros Altos development on an elevated plot with lovely westerly views.
Immaculately kept with beautifully landscaped gardens and a sculpted garden at the rear, perfect to enjoy quiet relaxation
time with its trickling waterfall which completes the Zen feeling. Cleverly designed social areas create the perfect ambiance
for entertaining or simply to enjoy the Algarvean lifestyle.
Build: 336m²
Plot: 1,683m²
Energy rating: B
Price: EUR 2,800,000
QUINTA VERDE
Ref: 83181QP
5 BEDROOM VILLA
Brand new magnificent luxury villa located at the end of a quiet cul-de-sac in the Quinta Verde resort, within walking
distance of Quinta do Lago. Built with an immense amount of thought and care using only the best materials and where
the attention to detail is evident immediately on entering the villa. Complete with all the modern conveniences this is a
fabulous family home in a secure and sought after location.
Ref: 85085QP
Build: 552m²
Plot: 1,800m²
Energy rating: A
Price: EUR 2,900,000
www.quintaproperty.com
Tel: +351 289 396 073
41
5 BEDROOM VILLA
Stunning contemporary Vale do Lobo villa overlooking the 4th fairway of the Royal Golf Course and the sea beyond.
Built to the highest of standards with the finest materials, with a chic and stylish interior design. The villa includes a fantastic
roof terrace accessed via an exterior staircase or elevator, offering exceptional living and entertaining areas with superb views.
Ref: 84826QP
Build: 470m²
Plot: 900m²
Energy rating: A
Price: POA
VALE DO LOBO
www.quintaproperty.com
Tel: +351 289 396 073
43
6 BEDROOM VILLA
Magnificent villa exuding quality and class in its unique modern lines and revealing stunning one-off design features.
The open-plan layout has a light and airy feel and the furnishings throughout are of the highest quality. Benefiting from
amazing views of the Atlantic Ocean, this beachside villa is a dream family home.
Ref: 84962QP
Build: 350m²
Plot: 880m²
Energy rating: B-
Price: EUR 3,750,000
VALE DO LOBO
www.quintaproperty.com
Tel: +351 289 396 073
45
5 BEDROOM VILLA
Fabulous contemporary villa with breathtaking golf and sea views, finished to the highest standards in one of Vale do Lobo’s
finest locations. The villa has been tastefully decorated and exudes charm and simplicity. The minimalist and perfectly
landscaped garden complements this magnificent villa and provides it with a harmonious feel. A perfect family retreat and
undoubtedly one of the most desired properties in the golden triangle area!
Ref: 84378QP
Build: 305m²
Plot: 1,344m²
Energy rating: A
Price: EUR 4,750,000
VALE DO LOBO
www.quintaproperty.com
Tel: +351 289 396 073
47
6 BEDROOM VILLA
Gorgeous Vale do Lobo villa of impeccable style and very conveniently located within walking distance of all the resort
facilities and stunning beach. The villa is very cleverly designed, in a V shape, to create effortless indoor outdoor living –
perfect to take advantage of the Algarve’s lifestyle. This property combines style and fun to create a fabulous family home,
perfect for holidays or year round living.
Ref: 77305QP Build: 720m²
Plot: 2,430m²
Energy rating: D
Price: EUR 5,500,000
VALE DO LOBO
www.quintaproperty.com
Tel: +351 289 396 073
49
VALE DO LOBO
3 BEDROOM VILLA
Beautifully located on a south-west double plot, facing onto the fairways and within a short walk of the Vale do Lobo
clubhouse and stunning beach. Bright and friendly and very nicely decorated, this villa features a well-landscaped garden
and a large pool with magnificent views across the fairway, lake and over to the sea beyond. Perfectly orientated to make
the most of the views and the sunshine.
Ref: 84779QP Build: 230m²
Plot: 748m²
Energy rating: B
Price: EUR 1,375,000
VALE DO LOBO
4 BEDROOM VILLA
Delightful villa with a welcoming and bright entrance hall bathed in sunlight. The living areas throughout enjoy delightful
views of the pool, the garden and the vista beyond towards the golf course and shimmering ocean. The outside space
has a pretty landscaped garden as well as a large heated swimming pool, BBQ area and plenty of space for lounging,
outdoor dining or just relaxing.
Ref: 85068QP Build: 378m²
Plot: 1,237m²
Energy rating: D
Price: POA
www.quintaproperty.com
Tel: +351 289 396 073
51
6 BEDROOM – EXCLUSIVE LISTING
Unique contemporary property offering incredible space inside and out, exceptionally well located just a short drive
away from Quinta do Lago. The interiors are luxurious with exquisite finishes and decor. Laid out over three levels the villa
overlooks the manicured garden with vast lawns and the gorgeous swimming pool area. It also has far-reaching views above
the umbrella pines down to the coastline. A tennis court completes the package to make this a perfect family home, be it for
holidays or full-time living.
Ref: 84414QP
Build: 490m²
Plot: 22,749m²
Energy rating: B
Price: EUR 8,500,000
NEAR QUINTA DO LAGO
www.quintaproperty.com
Tel: +351 289 396 073
53
NEAR ALMANCIL
4 BEDROOM VILLA
Magnificent property beautifully located on a hillside overlooking the coast of Quinta do Lago and Vale do Lobo.
This easy to maintain, immaculate family home is beautifully decorated in neutral tones. Featuring south-facing
terraces, shady places to relax, a charming gazebo, spacious barbecue area and a pond, it enjoys superb views of
the exquisite gardens with manicured lawns and the Algarve coastline.
Ref: 85012QP Build: 736m²
Plot: 3,510m²
Energy rating: C
Price: POA
SANTA BARBARA
5 BEDROOM VILLA
Exquisite residence, beautifully perched on a south-facing hillside in the central Algarve, enjoying incredible views to the
Ria Formosa and ocean. Traditional on the outside and contemporary on the inside, it is built to the highest standards
using only the best materials. This property is not only very attractive in layout and design, it is also technically very
advanced and surrounded by beautiful tropical gardens.
Ref: 84945QP
Build: 650m²
Plot: 2,880m²
Energy rating: C
Price: POA
www.quintaproperty.com
Tel: +351 289 396 073
55
NEAR VALE DO LOBO
6 BEDROOM VILLA
Beautiful contemporary villa with a stunning design, attractive and high-quality materials and exquisite
decoration. It offers all the luxuries and necessary comforts for a large family and works well either as
a sumptuous holiday home or a delightful full-time base. It is exceptionally well located, between the
resorts of Vale do Lobo and Quinta do Lago and easy driving distance to the beach.
Ref: 85075QP Build: 500m²
Plot: 5,077m²
Energy rating: A
Price: EUR 3,500,000
VALE DO LOBO
4 BEDROOM VILLA
Appointed to the very highest standards, this spacious, bright and elegant contemporary villa is
situated in a privileged plot with astounding sea views from every angle. With striking architectural
features, stunning interior design and beautiful landscaped outdoor areas it is suitable for luxurious
year round living. Sold fully furnished and equipped and including a five year Golf and Wellness
Membership for two.
Ref: 85177QP Build: 487.5m²
Plot: 2,161m²
Energy rating: A
Price: POA
www.quintaproperty.com
Tel: +351 289 396 073
57
ALMANCIL
4 BEDROOM VILLA
Handsome newly built manor house, perfectly set on the outskirts of Almancil and conveniently located between Quinta do
Lago and Faro. Generous storage space, a multi-purpose attic and various south-facing terraces overlooking the pool and
enjoying distant sea views are some of the special features of this property. Beautifully landscaped gardens and mature trees
lend to the elegance and privacy of this home.
Build: 464m²
Plot: 8,979m²
Energy rating: B
Price: EUR 1,650,000
LOULÉ
Ref: 84660QP
3 BEDROOM VILLA
Beautiful traditional villa in the quiet countryside on a hill bordering the market town of Loulé and within easy reach of
facilities. Due to its elevated position it benefits from total privacy and superb far-reaching views of the mountainous
nature reserve. A separate one bedroom apartment, a heated infinity pool and low-maintenance Algarvean style gardens
make it a very comfortable and perfect home year round.
Ref: 85116QP
Build: 210m²
Plot: 2,340m²
Energy rating: D
Price: EUR 875,000
BOLIQUEIME
6 BEDROOM VILLA
Designed to blend into the countryside setting, this villa boasts many traditional features whilst the interior is finished in
a more contemporary style. Finished to the highest specifications available and installed with the latest technology for
today’s discerning purchasers. Also including a separate two bedroom guest annex, the property is located on a hillside
with spectacular views just above Vilamoura golf, beach and marina resort.
Build: 400m² Plot: 4,800m²
Energy rating: D Price: EUR 1,800,000
NEAR LOULÉ
Ref: 84429QP
4 BEDROOM VILLA
Elegant contemporary style Quinta with beautiful countryside views on the outskirts of the picturesque village of
Santa Barbara and within a short drive of all amenities. Pretty enclosed courtyard around the house and swimming
pool creating complete privacy. Combining country charm with modern quality finishings, it is a perfect holiday
home or permanent family residence.
Ref: 85125QP
Build: 257m²
Plot: 8,600m²
Energy rating: A Price: EUR 1,000,000
www.quintaproperty.com
Tel: +351 289 396 073
59
QUINTA DO LAGO
FRONT-LINE 2 BEDROOM VILLA
Excellent waterfront position in Quinta do Lago, this charming villa is an extremely rare opportunity. It has an
inviting atmosphere, abundance of light, large panoramic terraces and truly amazing views of the ocean and
Ria Formosa. Surrounded by an easily maintained Mediterranean garden with a possibility to easily create
additional bedrooms.
Build: 344.7m2
Plot: 203.5m2
Energy rating: C
Price: EUR 1,500,000
PINHEIROS ALTOS
QUINTA DO LAGO
Ref: 75026QP
2 BEDROOM APARTMENT
2 BEDROOM APARTMENT
Spacious garden-level apartment with generous covered terraces and
garden views. Within easy access to the communal pool and gardens.
This apartment is ideal as a luxury holiday home or a more permanent
residence. Golf title to Pinheiros Altos Golf Club included.
Fantastic two bedroom ground floor apartment at the centre of Lakeside
village. Its south orientation opens out to a lovely garden area overlooking
the large swimming pool and lake. This is a perfect holiday apartment with
great on-site facilities and 24hr security.
Ref: 83675QP
Build: 188m2
Energy rating: B-
Price: EUR 350,000
Ref: 08056QP
Build: 126m2
Energy rating: C
Price: EUR 395,000
QUINTA DO LAGO
QUINTA DO LAGO
2 BEDROOM APARTMENT
3 BEDROOM DUPLEX APARTMENT
Attractive two bedroom apartment situated in one of the most popular
resorts in Quinta do Lago, the São Lourenço village. Benefits from a lovely
private garden with gorgeous views of the 18th San Lorenzo fairway and lake.
Lovely three bedroom duplex apartment located in the prestigious São Lourenço
Village, Quinta do Lago. Western orientation overlooking the landscaped gardens
and one of the San Lorenzo golf fairways. Spreading over the 1st and 2nd floors,
it offers good-sized terraces with panoramic views perfect for alfresco dining.
Ref: 54003QP
Build: 107m2
Energy rating: D
Price: EUR 370,000
Build: 148.5m2
Energy rating: D
Price: GBP 520,000
PINHEIROS ALTOS
Ref: 83047QP
3 BEDROOM SEMI-DETACHED TOWNHOUSE
Spacious three bedroom semi-detached townhouse, centrally located in the premium golf haven resort of
Pinheiros Altos. Open-plan living and dining areas lead to a peaceful private garden with plunge pool. Golf title
to Pinheiros Altos Golf Club included.
Ref: 83352QP
Build: 206m2
Energy rating: C
Price: EUR 470,000
www.quintaproperty.com
Tel: +351 289 396 073
61
QUINTA DO LAGO
3 BEDROOM VILLA
Gorgeous semi-detached villa located within Lakeside Village in the heart of Quinta do Lago, within walking
distance of the lake, facilities and the beautiful beach. Lovingly refurbished, this three plus one bedroom
property has south-west facing aspect, private heated pool and garden, sun terraces and a comfortable
and spacious interior.
Plot: 487m2 Energy rating: E
Price: EUR 695,000
DUNAS DOURADAS BEACH CLUB
Build: 150m2
DUNAS DOURADAS BEACH CLUB
Ref: 83964QP
3 BEDROOM APARTMENT - EXCLUSIVE LISTING
2 BEDROOM APARTMENT
Elegant three bedroom ground-floor apartment with marvellous sea
views within the exclusive 5-star resort of Dunas Douradas Beach Club.
With tasteful decoration and furnishings it features a spacious south-facing
terrace with built-in Jacuzzi. Situated at the end of row in one of the most
desirable resort locations, just minutes walk from the beach.
Elevated ground-floor sea view apartment located within the prestigious
resort of Dunas Douradas Beach Club, just a stone’s throw from the
glorious sandy beaches. Fully furnished and tastefully decorated with
large outside sun terraces providing a relaxing outside area for sunbathing
and alfresco dining.
Ref: 85062QP
Build: 130m2
Energy rating: D
Price: GBP 995,000
Ref: 85131QP
Build: 120m2
Energy rating: D
Price: EUR 850,000
VALE DO LOBO
FRONT-LINE 3 BEDROOM TOWNHOUSE - EXCLUSIVE LISTING
Superb three bedroom contemporary style townhouse. The spacious rooftop terrace has
uninterrupted views of sea and beach. A very private terrace at the front of the townhouse is
the perfect place for outdoor dining whilst enjoying the views which leads onto a lawned
garden providing ample sunbathing space.
Build: 164m2
Plot: 320m2
Energy rating: D
Price: EUR 1,500,000
VALE DO LOBO
Ref: 85070QP
3 BEDROOM TOWNHOUSE
Spacious contemporary three bedroom townhouse in a quiet resort location overlooking 12th
fairway. With cream stone floors, a feature wall of grey stone brick and suspended staircase of wood
and glass it exudes elegance. The terrace decking, infinity swimming pool and large roof-top terrace
with Jacuzzi are perfect for outdoor living in style.
Ref: 85061QP
Build: 304m2
Energy rating: C
Price: EUR 850,000
www.quintaproperty.com
Tel: +351 289 396 073
63
savills.co.uk/abroad
Idyllic family alpine
retreat
Verbier, Switzerland
Chalet Baribal is a recently completed large
family chalet, providing the highest levels of
quality and finish. Designed and constructed
using local menuiseries and craftsmen,
Baribal provides an idyllic family alpine
retreat. The chalet has been painstakingly
designed to provide five beautifully crafted
bedrooms and plentiful living areas including
wellness and games rooms. Outside are
generous terraces and balconies, looking
south-west across Verbier and Le Grand
Combin range. The chalet is available for
sale to non-Swiss residents.
Guide price CHF 11,900,000
Quinta Properties
Alison Buechner Højbjerg/Kerstin Buechner
[email protected]
+351 289 396 073
Late Tudor house in
private setting
Malmesbury, Witshire, UK
Abbey House is a late Tudor house with
11 bedrooms situated in the heart of
Malmesbury, tucked away behind the
Market Cross and adjacent to the Abbey.
It overlooks the River Avon to the north and
surrounding the house are the wonderful
gardens and grounds which create a
remarkable and private setting. The house
is steeped in history offering complete
individuality, character and charm as well
as generous accommodation.
Guide price GBP 3,500,000
Quinta Properties
Alison Buechner Højbjerg/Kerstin Buechner
[email protected]
+351 289 396 073
savills.co.uk/abroad
Elite apartment with
views of Central Park
Manhattan, USA
Sleek and stylish apartment on the 54th floor
of the elite Metropolitan Tower, with views
of Central Park. With three bedrooms
and three bathrooms, the property has
floor-to - ceiling windows and oil-burning
fireplaces. The building is fully serviced, with
owners enjoying use of the swimming pool,
gym, sauna and more.
Guide price USD 7,500,000
Quinta Properties
Alison Buechner Højbjerg/Kerstin Buechner
[email protected]
+351 289 396 073
Luxurious contemporary
mansion
Oxshott, Surrey, UK
Designed and built by award-winning
developers, Consero London, The Mount
is one of the finest brand-new homes built
in Oxshott in recent times. A classically
designed house of approx. 12,000 ft2,
complete with separate pool complex and
guest quarters, set within 0.7 acres of awardwinning landscaped gardens within the
prestigious Oxshott Crown Estate.
Guide price GBP 7,950,000
Quinta Properties
Alison Buechner Højbjerg/Kerstin Buechner
[email protected]
+351 289 396 073
PHOTO_VALE DO LOBO_ 24216 ADS
An inside look at life in
the Quinta do Lago &
Vale do Lobo area.
67
The Emergence of
the Supervilla
By Rona McCluskie
“Every time I arrive in Quinta I get
that same lovely warm feeling as
I turn down into my drive and see
Boa Vista.”
After years of fabulous holidays on the
beautiful Algarve coast, renting villas for
weeks at a time, my husband and I finally
decided to buy a property of our own.
My son Rory is almost 12 and took his
first steps in the Algarve! It’s a place with
so many memories for us. We settled on
Quinta do Lago because it had so much
more to offer than many other places.
We loved the obvious things: the beautifully
manicured golf courses, the huge choice
of restaurants all within 10 minutes, Quinta
Shopping and the general feeling of luxury
and quality. We also loved that it was so safe
and a great place for couples and families.
Rona McCluskie
For us it was exactly the right mix of
peace and quiet but still that vibrant fun
feeling you associate with a holiday resort.
Of course it helped that it was just five
minutes away from Ancao and Garrao
beaches and the wonderful Julia’s, which my
husband refers to as his spiritual home – and
of course the amazing Gigis. As you can tell
we just fell in love with Quinta do Lago!
We decided to look at what was on the
market and quickly realised that Quinta
Properties were the right agent to help us
with our search. We met the wonderful
Frank Schmitz who was a godsend.
Frank knew the market inside out and
helped us focus our search. We initially
decided to go for the simple option and
buy something recently built or renovated.
We saw some amazing properties and
although very tempted, we kept searching
for that one villa that was exactly how we
would have done it ourselves. We soon
realised that in fact, the best thing to do
was exactly that – build our own!
69
We needed an architect, and met
with several but settled on the wonderful
Jutta Hoehn. We just clicked and loved her
previous projects. After much discussion
with Jutta we agreed to demolish and rebuild.
We met her several times to talk about our
family, how we lived and what we would like
from our new villa, and were astonished how
quickly she came up with the design for our
dream house. With help from our lawyer,
Justin Ryan, and Jutta we obtained
a demolition licence and found our builder.
The process was pain free and I genuinely
cannot praise our builder JSC Carolino
enough. Sergio and Jutta worked really well
together. Unlike my UK experience this was
organised with good communication. The
quality and work ethic was superior to my
experience in the UK and they completed the
job on time to the highest standard. The men
worked really hard and never compromised.
Jutta and her team were amazing and also
helped with the interior. They knew exactly
where to get what I needed – I honestly
couldn’t have achieved it without them.
On completion we were lucky enough to be
allowed to adopt some of Quinta’s land and
our beautiful garden now meets with the
amazing new Quinta North golf course.
Every time I arrive in Quinta I get that same
warm feeling as I turn down into my drive
and see Boa Vista. Its one of the best things
I’ve accomplished and I am so proud of it!
The experience was so
smooth that I genuinely
would love to do another one!
I’m always looking at plots and
thinking... just think what we
could do with that – I guess
we’ve got the bug!
JSH Algarve is an innovative, full service
architectural studio led by the owner,
Jutta Susanne Hoehn. She is dedicated
to creating a totally bespoke architectural
service for her clients, ensuring complete
peace of mind throughout every stage
of their project, whether it is a new
construction or renovation and whatever
the size or location.
“The client’s request for their
home was for a contemporary
design, incorporating some
pitched roofs and catering for
the client’s favourite hobby
of cooking.
The driveway leads down to the villa
entrance, which is accessed over a bridge,
opening out into a clear double-height
entrance hall. A 25 metre open-plan
kitchen, dining and living space continues
onto an outdoor kitchen and covered and
open terraces.
The kitchen features a glass floor,
giving a spectacular view into the basement
wine cellar. The living room has two
ethanol see-through feature fireplaces.
The swimming pool cascades into a lower
pool, crossed by a glass staircase lit by
LED strips.
The master suite has a private terrace
with a Jacuzzi overlooking the golf courses.
The lower level has two further suites,
a gym, wine cellar, cinema and games room,
all opening towards the 20 metre swimming
pool and gardens”.
Jutta Hoehn
JSH Algarve Arquitectura Lda
www.Algarve-Architecture.com
T: +351 289 394 792 71
Fun-filled
Renovation
We asked if it was really that
simple and Jo smiles “Yes!”
Piers and Jo Cantlay
In late 2013 we were able to find Jo and
Piers Cantlay a property in Quinta do Lago.
They saw the potential and decided to turn it
into their perfect holiday home. We spoke to
them at the end of the project to hear about
their experience.
Jo and Piers have been renting villas in the
Quinta do Lago and Vale do Lobo area for
the past 24 years, initially attracted by the
climate, golf courses, lifestyle and the safe
environment for their children.
They started thinking about buying a
property some 20 years ago and occasionally
viewed properties, but it was not until they
saw a house in Parque Atlantico that they
made an offer.
The house was not perfect but Jo loved
the location and could see potential.
Unfortunately what she wanted to do with
the property was not going to be possible, so
they moved on. As often happens it worked
out for the best – by far. They ended up
completing on a property purchase in early
2014 on Avenida Ayrton Senna in Quinta do
Lago with the help of Debbie Pugsley, Senior
Sales Executive at QP. The house was about
15 years old on a plot of 2,330 m2 with 458 m2
of built area. This house was pretty average
but Jo had a vision and was confident she
could turn the house into exactly what her
family needed. It was located on a fairway,
big enough for six bedrooms and a short
walk to the gym, Pure and Quinta Shopping –
all important factors.
Despite warnings from her friends that
the project would be a nightmare, Jo was
determined to get it off the ground.
Then we introduced them to Andrei Radu,
a local builder who has been building in
the Algarve for the past 15 years who runs
and owns Character Construction.
They soon discovered that they spoke
the same language and set to work.
Numerous versions of floor plans were
altered/discarded until they were just right.
73
Jo Cantlay and daughter Milly
Never having done building works on this
scale before at home or abroad, we asked
Jo if she was ever nervous about what she
was embarking on. She said, “the only time I
was concerned was when we visited the day
after completion to find the house almost
completely dismantled. Andrei had got
straight to work and it did look a little scary.”
Now Jo absolutely sparkles with enthusiasm
for this project. She and her husband enjoyed
every aspect of the renovation. They loved
being creative and it was a pleasure to work
with Andrei who shared their vision.
While in the UK useful time was spent
researching ideas and materials, which were
sourced locally. Jo visited Quinta do Lago
regularly accompanied by her sister or a
friend to monitor progress. They loved seeing
the villa come to life, and staying at the
Conrad Algarve was of course the icing on
the cake! “We had such fun during
these visits!”
Early on in the project Jo met Vanessa
Roff of Vanessa Roff Interiors, a talented
interior designer from the UK who has
lived in the area for many years. Jo found it
difficult to believe that someone with such
a calm persona could deliver on time, but
soon realised that Vanessa took everything
in her stride and would meet every deadline.
“Vanessa was another find! She had amazing
ideas and understood exactly what we were
trying to achieve!”
We asked if it was really that simple and
Jo smiles “Yes!”
All the household essentials were
purchased in the UK. John Lewis and the
White Company are unbeatable for certain
items and with the help of the Algarve
Freight Centre were easily transported over.
Jo laughs when she explains that they even
shipped a Jeep over packed full of linen.
The total transformation of this property
took just six months and the Cantlays were
in the house to enjoy the summer as planned
in July. Jo and her husband are absolutely
delighted with the result. The house really is
a credit to them. The value of the property
has more than doubled and if only they were
interested in selling, we could make them a
very tidy profit!
“Debbie at QP is amazing! I really believe that we would
not have got the house we
wanted without her help.
She was extremely helpful with
all aspects of the purchase and
beyond – without her we would
not have found Andrei, Vanessa
or Josue Coelho, the lawyer,
who was also brilliant!”
75
Observations on joining QP
Sharon Beddall, Chief Operating Officer, QP
In the summer of 2014 I left the English corporate world behind
and moved to Portugal with my family to begin a new chapter
in our lives – little did I know that I would end up working in a
team of nine women known as the Special Agents!
My résumé demonstrates well the course
of business life I have taken. It shows that I
have deliberately designed my own career
path, choosing to work with organisations
that recognise profitability is achieved by
supplying a highly focused customer and
quality-led service.
I approached several organisations, and
although I witnessed some highly motivated
companies they were not what I was looking
for. There was no urgency and the company
needed to have that something special:
Then there it was in late November, Quinta
Properties, or ‘QP’ as they affectionately call
themselves. I met with Alison and Kerstin
a couple of times and soon realised that
they were different. There was excitement,
drive and their passion and enthusiasm
was infectious – I wanted to be part of it –
actually I needed to be part of it.
I was thrilled that they invited me to join
them. The ability to observe the workings
of an organisation, identify positive changes
and implement them has been recognised as
one of my key skills. The directors of QP were
not nervous about letting an outsider in.
In fact they welcomed me and true to their
insatiable drive to always improve and stay
ahead of the game, my modus operandi did
not change when I joined QP.
On my first day there was the regular
early morning sales meeting. Everyone
arrived within a few minutes of each other,
well dressed, smiling and full of energy.
The meeting starts on time. As I soon
discover, each day is a busy day, so these
meetings are organised and productive.
The energy is palpable. Green juice and
coffees are drunk whilst sales, offers,
new clients and properties are discussed.
Appointments co-ordinated and strategies
agreed. Ideas are shared and brainstorming
sessions spontaneously erupt, allowing the
wealth of knowledge to flow through the
team. The chatter continues as the team
leave eager for the day to begin.
Before they even reach their desks, calls
are being made from mobiles and it’s time
for action. Excitement is in the air, clients
are called, appointments made and the day
has begun. The circulation of knowledge
within the team is not restricted to the
early morning meetings but is constant
throughout the day. Unexpected events
have no respect of timing and a telephone
call from a member of the sales team will
ignite a debate or a volunteer to help open
a property for a colleague. The doors to
the Directors’ offices are permanently open
and the message from Alison and Kerstin is
that they are always on hand to support the
sales team in whatever they need. To be as
effective as QP are, the team needs to work
together and it’s clear they are very happy to
do just that.
Everyone is proud to be part of the team
and for the sales people it is a pleasure to
meet their clients and introduce new clients
to what the area has to offer.
They speak with confidence
and incredible knowledge
about the area and property.
Their skills lie in being able to draw from the
client what their needs and wants are so that
time is used productively and client’s time is
not wasted. Before long an offer is received
from a buyer and they deal with this as a
team too. Both vendors and buyers needs
are respected and negotiations handled in a
structured, organised and yet caring manner.
Nice. I think I would like the sale of my house
to be handled like this. I was pleasantly
surprised to see that the team also lunch
together, away from their desks, encouraged
to step out and reflect on the day, in a
supportive and congenial environment.
The reception and administration team
Lina and Alina, are often the first to greet
anyone who enters with a welcoming smile,
they are professional and friendly, always
happy to assist even if it is just a passer-by
needing directions; a reflection of the culture
of QP, that everyone is treated with the same
respect and courtesy irrespective of the
purpose of their visit.
I spent my first week watching and
observing the dynamics of the working
relationships and where each member of the
team fitted into this complex jigsaw. I was
pleased to report that no piece was missing,
that everyone connected to produce the
completed picture of a professionally run
company, where fulfilling the clients’ needs
were paramount and where Alison and
Kerstin, as the cornerstones, held it
all together.
If I had to try and identify what has made
them so successful,
I would say it is a combination
of their exceptional work ethic,
their integrity and discipline,
and of course their knowledge.
An office full of individual sales people that
work as a team yet everyone is encouraged
to be decisive, proactive and productive.
My final observation is of the two
sisters themselves. Their complementary
personalities bring different skills and
attributes but they bring the same drive
and energy that has made QP a success.
There is no doubt in my mind that QP
will go from strength to strength. The stage
is set, the people in place and the market
place is full of opportunities. There is no
limit as to what these ladies can achieve in
the coming years. I am delighted to have
found them and proud to now call myself a
member of this exciting and quite delightful
team of Special Agents.
I have attended sales courses previously
but the training at QP was quite different.
It was delivered naturally and with a passion.
Sisters, Alison and Kerstin have been in
the local property business (at first as
competitors) for over 15 years and they know
what they are talking about. There was an
emphasis on how to provide the best service
as opposed to sell sell sell! There is no doubt
in my mind these girls are in it for the
long term.
Relationships are cultivated and clients
advised and not sold to. Product knowledge
is of course essential but the staff ask the
right questions to find out what the client
wants, and guide them to the right property.
Oh, don’t forget to make it fun!
77
My Portugal
By Alison Buechner Højbjerg
I don’t play golf. I don’t lie in the sun
and I rarely go to the beach ...
… and I’ve lived in Portugal for 18 years. I could
hardly imagine living anywhere else.
Why, I’ve been asked, would you live in Portugal
if not for the sun, beach and golf?
Easy – because Portugal is one of the most
beautiful and diverse countries in Europe.
Yes, it’s also considered one of the safest
countries in Europe, it’s got all the fiscal
advantages, the sunniest climate, etc.,
but there is so much more …
This small country has a vast history, inhabited
by the Romans and the Moors and many
centuries later after it signed the Treaty of
Windsor with Britain, Portugal set up colonies
of trade all over the world and amassed
unbelievable wealth, exploring and setting up
trading ports around the globe. For many years
Portuguese were the most advanced scientists
and discoverers having huge influence on
world commerce.
Lisbon, its beautiful capital is world famous for
its culture, home to some of the most important
art collections, combining some of the most
modern architectural structures in the world
with richly decorated palaces and renaissance
churches.
I can’t list all of Portugal’s famous and important
cultural hubs because this publication would
have no room for anything else, so I will mention
just a few of my favourite spots.
On a Friday after I leave the office, I often drive
up to Lisbon, an easy, no hassle, drive through
the beautiful Alentejo region, where there are
beautiful wineries and hidden gem hotels.
I arrive into Lisbon on the majestic bridge
over the Tejo River and the breathtaking views
over the seven hills of Lisbon, famous for its
extraordinary light greets me. I love this view.
I tend to stay right in the centre, in the bustling
Bairro Alto or Chiado quarter, the hub of young
Portuguese designers, and where the School
of Fine Art is, surrounded by charming narrow
cobbled streets. This is where old meets new:
easy to see that famous poets and authors
were attracted to this part of the country.
One of the oldest and most famous cafés in
Lisbon, Café A Brasileira was a favored haunt of
intellectuals and academics including Fernando
Pessoa – one of Portugal’s most important
poets, who is remembered by his bronze statue
overlooking the café. Largo de Camoes –
a busy square with a statue of Luis de Camoes
(Portugal’s answer to Shakespeare) close by
comes to life at night. On Friday and Saturday
nights this area is crowded by the young and
trendy Lisbonites seeking out their favourite bars.
This area has some stunning boutique Hotels
…if you’re heading that way, give us a call –
we’ve stayed in many and are happy to tell
you our favourites! From here you can wander
through the alleys laced with bars, restaurants
and fabulous shops, head uphill toward the
Principe Real district, where the in-crowd shop
and dine, eat at any of the local exceptionally
hip restaurants and shop here in some of
Lisbon’s most stylish boutiques. Don’t miss the
Embaixada – my absolute favourite shopping
gallery, housed in a palatial building from the
18th century. It’s divided into several design
and fashion shops, mostly from Portuguese
designers with a space dedicated to the arts
with temporary exhibitions. Beautiful.
I personally prefer shopping in this area rather
than the fashionable Avenida da Liberdade
(where you can find all of the international
brands) because this is where you can find
creations from some of Portugal’s most famous
fashion designers who are now known well
beyond Portugal, such as Ana Salazar, the
pioneer of Portuguese fashion and Fátima
Lopes whose designs are now sold around
Europe and Asia.
Shoes! I love shoes … look out for shoes from
Luis Onofre – shoe making is one of the oldest
industries in Portugal and is now considered
“the sexiest industry in Europe”. (Kate and
Pippa love them!)
The area famous for its Fado music, known
as the Alfama situated by the Castelo de Sao
Jorge is a quaint medieval district – one of
the oldest neighbourhoods in all of Europe
which miraculously survived the devastating
earthquake of 1755. Just wander through
these small alleys, enjoy the beautiful views
and the sounds of Fado emanating from one
of the many small bars in this area – surely
the very soul of the city! This is where Colin
Firth proposed to Lúcia Moniz in the film
Love Actually … see if you can find that exact
bar. I did!
Did you know that Portugal is home to one of
the world’s finest art collections? Oil magnate
Calouste Gulbenkian, one of the wealthiest
men of the 20th century chose Portugal as his
home and left his collection of treasures from
all over the world here – it is considered to be
one of the world’s great museums and one of
Europe’s unsung treasures. The museum itself,
an architectural concrete masterpiece, was
modernised in 2001 at which time many of
its works of art were on display at New York’s
Metropolitan Museum of Art.
situated in the ruins of a huge abandoned
industrial site right under the 25th April bridge –
old warehouses that are now a giant atelier full
of galleries, trendy bars and restaurants, design
shops many decorated with creative graffiti –
attracting talented professionals from artists,
architects and musicians. So much fun!
Heading west to Cascais and Estoril, considered
the ‘in place’ to live is home to the museum
of the amazing and controversial Paula Rego.
Even though she achieved international acclaim
in London, she is in fact from Cascais and the
museum which houses some of her works was
designed by one of Portugal’s most important
architects, Eduardo Souto Moura. If her rather
surrealist cartoon illustrations aren’t your thing,
then the museum’s stunning architecture alone
is worth the visit!
But if driving two hours is not what you want,
then there are plenty of things to do right here
on our doorstep.
The Teatro Lethes in Faro is like a mini La
Scala right in the old centre, with Jazz, Fado,
classical concerts and plays. You will be totally
enchanted when you walk into this
charming place.
The ‘Amigos de Música’ organise monthly
classical concerts with world-class musicians at
the country estate of ‘Os Agostos’ in a beautiful
relaxed atmosphere where you can meet and
chat to the artists during the interval.
ArtCatto: Gillian Catto, who after 30 successful
years as the owner of an internationally
recognised gallery in London, decided to settle
in the Algarve. Located in the heart of Loulé,
ArtCatto Gallery is a contemporary art gallery
housed in an impressive traditional Portuguese
townhouse. There are regular exhibitions here
featuring world-renowned artists. You art lovers
will love it!
Vale do Lobo hosts regular art exhibitions,
at the gallery within the resort in association
with the prestigious Galeria São Mamede,
which have included works from acclaimed
artists such as Nuno Santiago, Deolinda
Fonseca and Nélio Saltão. They also host a
selection of beautiful open air sunset concerts
held right on the golf course with performers
including Mariza and Carminho and the
Algarve Orchestra.
Portugal is so much more than golf, sun and
beach … Portugal is so cool!
For those looking for a bit more of a retro
atmosphere, head for LX factory – one
of my absolute favourite places to visit in
Lisbon: the place epitomises the city’s vibrant
contemporary arts scene – a creative island
79
The Foundations of Quinta do Lago
In 1971 Quinta do Lago was founded
by Polish-Brazilian property developer
André Jordan (born André Franz Spitzman
Jordan), three years after the end of the
Salazar’s rule.
The original 550 hectare site, Quinta dos
Ramalhos (Ramalhos Estate) contained the
ruins of an old farmhouse, which is today
Casa Velha, rebuilt as a restaurant in 1972.
The large beach-lined estate was previously
owned by the Pinto de Magalhães family
for more than 300 years. The area was
a beautiful pine forest on undulating hills
bordering the Ria Formosa. To the west is
Vale do Lobo, founded eight years earlier.
Jordan’s company, Planal, acquired the
land on the 20th December 1971. Within
three years, a bridge to the beach had been
built, the lake was created over the sands,
and 27 holes of golf designed by architect
William F. Mitchell had been completed.
Following the Carnation Revolution
in 1974, Andre Jordan returned to Brazil,
leaving the Portuguese state to manage the
site. The inauguration of the golf courses
in 1974 was presided over by revolutionary
leader Otelo Saraiva de Carvalho.
Key Dates:
1971
Quinta do Lago is founded by
Andre Jordan.
1976
The Portuguese Open was held
in Quinta do Lago for the first time.
1981
Portuguese politics stabilised and
Quinta do Lago management was
returned to Planal, and Jordan
returned to Portugal.
1984
1984-86 The Portuguese Open was
again held in Quinta do Lago. During
this time companies like Shell, Bovis,
P&O and a Saudi prince, who built
Quinta do Lago Hotel, all became
involved. Following this 50 plots
per year were sold between
GBP 50k - 100k.
1986
Further developers such as
McInnerney who developed the two
very successful Four Seasons Resorts
introduced hundreds of new families
to the area – many went on to invest
in property in Quinta do Lago and
Vale do Lobo.
1987 Jordan sold the resort to a consortium
of British shareholders headed by
Roger Abraham, a former banker at
Chase Manhattan Bank, along with
food entrepreneur David Thompson.
By 1989 Abraham had withdrawn and
Thompson headed the resort alone.
1988 1988-90 and 2001 The Portuguese
Open was held in the resort again.
1988 Planal was acquired by Irish billionaire
Dennis O’Brian who remains the
owner of the resort today and
continues to develop and improve the
infrastructure and facilities ensuring
that Quinta do Lago remains a leading
world class resort.
Resort Statistics
Size
2,000 acres
(800 hectares)
Number of villa plots
695 of which 650
are built
Plot Sizes
Plots vary in size from 1,600 to 3,600 m2, with an
average current value of EUR 1,000 per m2 depending
on location. Frontline plots have a current resale value
of around EUR 5,000 per m2.
Values are further enhanced if the villa is new and state
of the art. Age is a big factor as building standards
and materials have come a long way in the past 15 to
20 years.
With a limited supply of land, older properties are often
sold for plot value. Construction costs vary but start at
around EUR 1,500 per m2.
Resort Facilities Five golf courses with three
driving ranges and golf academy
Jim Stuart tennis centre
Supermarkets
Medical centre
NB: this information is estimated and for guidance only.
Shopping at Quinta Shopping Spa and gym
1,267
Guide Prices
Property Type m2 min – max
Plot size m2
Price EUR Apartments 1 – 3
75 – 160 N/A
180,000 – 900,000
Townhouses 2 – 4
100 – 280 100 – 500
400,000 – 1,600,000
1,600 – 3,500
2,000,000 – 12,000,000
Villas 4 – 6 150 – 1,000 Nationalities
BRITISH/IRISH
80%
GERMAN
10%
PORTUGUESE
1%
DUTCH/BELGIAN
6%
OTHERS
3%
Permanent residents – estimated 10%
Buyer Profiles in Quinta do Lago
Magnificent beach and lakes
with water sports
Numerous restaurants and bars
Number of apartments
and townhouses
Property owners are mainly from
northern Europe.
55
Average age 55 – semi-retired business
people and young families.
Plot sizes attract buyers who value privacy
and space.
A small number of investors buy property
to develop or redevelop a site for resale
although most buyers are end users.
Hairdresser
H
Hotel Quinta do Lago
and Conrad Algarve Hotel
For more information on what
Post Office and bank
is currently for sale within
Minigolf
please contact Alison or Kerstin
And more are being added.
Quinta do Lago and Vale do Lobo,
on +351 289 396 073.
81
The Foundations of Vale do Lobo
Founded in 1962 by Trusthouse Forte plc
and Costain plc, Vale do Lobo was the first
resort development in the Algarve. At that time
the Algarve was mainly inhabited by farmers
and fishermen.
After the establishment of Vale do Lobo,
came its ‘five star’ Dona Filipa Hotel, the first
golf course and then Faro International Airport
was opened.
Sander van Gelder, a Dutch entrepreneur
discovered Vale do Lobo during a holiday in
the mid 1970s and recognising its potential,
he bought the resort and moved to Portugal
in 1977. Over 30 years later, Vale do Lobo was
transformed into a 450 hectare self-contained
community offering outstanding facilities and
service in a unique location.
Towards the end of 2006, the resort
was sold to a group of Portuguese and
international investors, including the largest
national bank Caixa Geral de Depósitos with
Portuguese businessman Diogo Gaspar
Ferreira taking over as Chief Executive.
At the beginning of 2008 Vale do Lobo
initiated a strategic programme of re-branding
and the resort was renamed as ‘Vale do Lobo
Algarve’ and integrated under the umbrella of
a new brand of ‘Vale do Lobo Resorts’, the first
move towards future international expansion.
Key Dates:
1962
First stage of planning approval
obtained for Vale do Lobo.
Development scheme by Richard
Costain Ltd. (Trusthouse Forte)
1965
Start of the golf course construction
overseen by Sir Henry Cotton. This was also the year that Faro
International airport opened.
1968
The Dona Filipa opens along with two
9-hole courses.
1971
First of the accommodation is
completed called the Aldeamento’s. These are still being bought and
sold today.
1977
Vale do Lobo is bought by Dutch
Entrepreneur Sander Van Gelder.
1978
Vale do Lobo presents its new
corporate image.
2006
Van Gelder sells Vale do Lobo to
International investors led by Diogo
Gaspar Ferreira as CEO.
2008
Vale do Lobo is re-branded and
invests heavily in renovating public
areas to present day.
Resort Statistics
Size
1,112 acres
(450 hectares)
Number
of villas
Number of apartments
and townhouses
800
Plot Sizes
Plots vary in size from 350 to 4,500 m2 (av 1,000m2)
and prices are so variable ranging from EUR 800 to
7,500 per m2, depending on location, distance from the
beach and the age of the property.
700
Guide Prices
Property Type
m2 min – max
Plot size m2
Asking price EUR Apartments 1 – 3
90 – 160
N/A
180,000 – 1,100,000
Townhouses 2 – 4
100 – 280
90 – 500
400,000 – 900,000
Villas 3 – 6
150 – 1,000
700 – 5,000
800,000 – 11,000,000
Construction costs vary but start at around
EUR 1,500 per m2.
The resort offers turnkey projects from EUR 2.5m or
empty sites from EUR 1.15m.
For more information please contact us!
Nationalities
There are over 600 units for future development within
Vale do Lobo (plots, townhouses and apartments) and
a further luxury hotel.
BRITISH/IRISH
65%
Resort Facilities 2km of beach with water sports
Numerous restaurants and bars
NB: this information is estimated and for guidance only.
Supermarket
11%
DUTCH
11%
OTHERS
13%
Buyers Profiles in Vale do Lobo
Property owners are mainly from
northern Europe.
Two 18-hole golf courses
The largest tennis facility in
Portugal with 14 courts
GERMAN
55
Average age 55 – semi-retired business
people and young families.
Fabulous facilities attract buyers
of all ages.
Investors and lifestyle buyers, end users
buying for themselves and their families.
Medical centre
Boutiques
Spa and gym
H
For more information on what
Hotel Dona Filipa
is currently for sale within
Circuit bus throughout
the resort. please contact Alison or Kerstin
Quinta do Lago and Vale do Lobo,
on +351 289 396 073.
83
South Course
Golf
As befits the finest golf resorts in
southern Europe, Quinta do Lago
and Vale do Lobo have constantly
invested in golfing facilities to
maintain their pre-eminent position.
North Course
Quinta do Lago
Over recent years Quinta do Lago
has seen a redesigned driving range
with a brand new short-game area,
the introduction of the one and only Paul
McGinley Academy, a new TaylorMade
Performance Centre and a new clubhouse
for the members.
Quinta do Lago features five magnificent
golf courses situated on the edge of the
stunning Ria Formosa Natural Park.
Visitors will enjoy world-class golf, played
on lush fairways and fast, true greens. Each
course is memorable for its water features,
bunkers and undulating landscapes, lined
with umbrella pines and colourful plants.
Quinta do Lago has proudly hosted the
Portuguese Open on eight occasions.
The Club has been going since 1984
and currently has over 500 members,
of which more than three quarters are
property owners within Quinta.
Facilities
Driving range, long-game area, new
short-game area, three boutiques and
pro shops, golf rentals, buggies with GPS,
trolleys, Paul McGinley Academy, Buggy
Bar, TaylorMade Performance Centre
and golf Clubhouse.
The North Course
The North Course has just been rebuilt.
The course follows the old routing, but
each hole has been carefully redesigned to
improve its playability for all levels of golfer.
It’s a completely different course with a
new playing experience. The opening
of the golf course was on October 1st.
Record timing of 12 months with a
complete renovation.
Holes: 18
Par: 72
Length: 6,156 m
SSS: n/a
Handicap: Men 28, Ladies 36
The South Course
The famous South Course is a favourite
with many tour players and favours the
long hitter, but also requires accurate
drives. The signature hole is number
15, a long shot across a lake to a green
surrounded by pine trees.
Holes: 18
Par: 72
Length: 6,488 m
SSS: n/a
Handicap: Men 28, Ladies 36
Membership
There are two ways to enter the Club.
Either you purchase a property that has
a golf title attached to it, or you may
purchase a 20 year title from Quinta do
Lago SA. 20 year titles cost between
EUR 21,600 and EUR 33,900 depending on
how many members’ are joining and titleholders must pay an annual subscription
thereafter. This gives access to the members’
facilities at Quinta do Lago and unlimited golf.
20 year title: EUR 21,600 (one person)
+ EUR 12,300 for supplementary member
(family or spouse).
Annual subscriptions:
Certificate holder: EUR 3,224
Spouse or family: EUR 2,162
Juniors (under 21): EUR 891
Contact details:
Clube do Golfe da Quinta do Lago,
Apartado 2138, Quinta do Lago,
8135-024 Almancil,
Tel.(1): +351 289 396 141
Tel.(2): +351 289 002 949
Fax: +351 289 394 997
Email: [email protected]
GPS: 37 05’ 21.00” N – 8 01’ 84.30” W
GPS: 37 04’ 39.00” N – 8 02’ 39.70” W
85
Laranjal
Laranjal
Membership
Contact details:
An immaculate course surrounded by
umbrella pines, cork oaks and orange trees.
The natural watercourse and five lakes
create a tranquil environment as well as
a challenge for all golfers.
Annual membership fee for residents
in Quinta do Lago
Quinta do Lago
8135-024 Almancil
Pincipal member: EUR 2,900
Couple: EUR 4,050
Junior: EUR 750
Tel: Fax: Email: GPS: Holes: 18
Par: 72
Length: 6,062 m
SSS: n/a
Handicap: Men 28, Ladies 36
Facilities
Driving range, putting green, pitching
green with bunkers, pro shop, restaurant
and bar. Private lessons, group clinics,
club hire, buggies and trolleys available.
Annual membership fee for non-residents
in Quinta do Lago
Principal member: EUR 3,500
Couple: EUR 4,650
Junior: EUR 750
Laranjal does not charge a joining
membership fee.
Green fees (EUR)
18 Holes
9 Holes
Rack rate
106 to 134
64 to 81
QDL
Residents
88 to 111
53 to 67
Junior
QDL
Residents
57 to 67
37 to 48
+351 289 390 700
+351 289 394 013
[email protected]
37 02’ 44.98” N – 8 01’ 03.06” W
Pinheiros Altos
Pinheiros Altos
Facilities
Contact details:
A prestigious 27-hole championship
course that borders the Ria Formosa
Natural Park – a protected reserve that
provides a habitat for many species of
birds. The three groups of 9 holes include
Pinheiros, named for the abundance of pine
trees; Oliveiras, which is played on a gently
rolling landscape near meandering lakes
and Sobreiros, which is the longest and
most demanding of the three.
Driving range, putting green, chipping
and bunker practice area, pro shop,
restaurant and bar. The golf academy
offers computerised coaching systems,
physiotherapy rooms, private lessons,
junior clinics, club hire, buggies and trolleys.
Pinheiros Altos
Sítio dos Pinheiros
Quinta do Lago
8135-863 Almancil
Holes: 27
72
Par: Length: Oliveiras/Pinheiros 6,028 m, Pinheiros/Sobreiros 6,199 m, Sobreiros/Oliveiras 6,137 m
SSS: Blue 72, White 71, Yellow 70,
Red 71
Handicap: Men 28, Ladies 36
Membership
Principal member: EUR 3,700
Spouse: EUR 1,850
Connected member: EUR 1,850
Junior: EUR 600
Tel: +351 289 359 910
Fax: +351 289 394 392
Email: [email protected]
Website: www.pinheirosaltos.com
GPS: 37.048064 N - 08.008164 W
Joining membership fees available
upon request.
Pinheiros Altos resort has two types
of golf titles:
Real estate golf title – can not be sold or
transfered separately from the property.
Non-real estate golf title – any person
interested can aquire it and it can be sold
or transferred to another person.
Both golf titles are for lifetime.
Green fees (EUR)
18 Holes
9 Holes
75 to 120
40 to 60
87
San Lorenzo
San Lorenzo Golf Course
Facilities
Contact details:
The inspiring San Lorenzo Golf Course is
one of the finest in Portugal. Situated along
the shores of the Ria Formosa Natural Park,
this course snakes alongside protected
lagoons which are home to over 70
different bird species. The majestic course
also winds its way through an undulating
pine forest and boasts stunning ocean and
mountain views. The figure-8 design is
impeccably maintained while the beautiful
scenery makes golfing a real pleasure.
In 2009, San Lorenzo was acclaimed
by Golf World UK as one of the top
30 courses in continental Europe and
continues to be highly ranked as one of
the best in the world.
Driving range, putting green, pro shop,
restaurant and bar. Private lessons,
club rental, buggies, trolleys and
caddies available.
San Lorenzo Golf Course
Quinta do Lago
8135-162 Almancil
Holes: 18
72
Par: Length: 6,247 m
SSS: 73
Handicap: Men 28, Ladies 36
Membership
Annual membership fee for residents
in Quinta do Lago
Pincipal member: EUR 3,950
Spouse: EUR 2,600
Membership joining fee per person:
EUR 60,000
The membership is valid for 21 years,
it can be acquired, in principle only by the
owners of the plots around the golf course
and it can not be sold or transferred to
another person.
Green fees (EUR)
18 Holes
9 Holes
18092
Tel: +351 289 396 522
Fax: +351 289 396 908
Email: [email protected]
Website: www.sanlorenzogolfcourse.com
GPS: 37.030938 - 8.011388
Royal Course, Vale do Lobo Algarve
Vale do Lobo Algarve
Royal Golf Course
Membership
The Vale do Lobo resort is home
to two outstanding golf courses that
complement each other perfectly.
These courses offer magnificent views
of the Atlantic and are lined with tall
umbrella pines, figs, olives, orange and
eucalyptus trees. Regular tournaments
and competitions create a busy social
calendar for members and visitors, while
the luxurious clubhouse offers everything
from club rental to personalised coaching.
The Royal Course offers a challenging,
dramatic game played along cliff tops.
Surrounded by lakes and sand obstacles,
the course is characterised by its long holes
and undulating fairways. The signature
hole is the famous 16th, par-3, which
requires a long stroke against the wind
over spectacular cliffs to reach the green.
Proprietor´s club member
Facilities
Putting green, chipping green, pro
shop, fitness centre, conference facilities,
restaurant and bar. Private lessons,
club rental, buggies and trolleys available.
Holes: 18
Par: 72
Length: 6,059 m
SSS: 72, CR: 72.9, SR: 133
Handicap: Men 28, Ladies 36
(certificate required)
Ocean Golf Course
Meandering through the Vale do Lobo
estate and alongside the beach, this
undulating course is a combination of links
and parkland holes offering magnificent
ocean views. The Ocean Course was
originally composed of two 9-hole courses
that were merged in 1995.
Holes: 18
Par: 73
Length: 6,137 m
SSS: 71, CR: 73.9, SR: 138
Handicap: Men 28, Ladies 36
(certificate required)
Annual single principal member: EUR 2,565
Annual couple: EUR 4,620
Joining membership fee per person:
EUR 2,700
Visitors
Annual single principal member: EUR 5,705
Annual couple: EUR 7,755
Joining membership fee per person:
EUR 2,700
Green fees (EUR)
18 Holes
9 Holes
69 to 81
39 to 44
Contact details:
Clube de Golfe de Vale do Lobo
Vale do Lobo
8135-864 Almancil
Tel: Fax: E-mail: GPS: +351 289 353 465
+351 289 353 003
[email protected]
37 03’ 41.32” N – 8 04’ 47.13” W
89
The Algarve has
so much more to
offer than world
class golf
With more sunshine hours than anywhere else
in Europe, there are long beautiful days to fill with
all sorts of activities. Of course the usual sports like
tennis, horse riding and swimming go without saying
and there are excellent facilities for these in and
around Quinta do Lago and Vale do Lobo.
The pristine Atlantic coast with kilometres of clean,
safe beaches are alive with surfers, kite surfers, paddle
boarders and boating of all kinds.
Mountain and road biking are big and growing in
popularity every year. The Algarve’s ideal climate and
terrain make it suitable for beginners as well as the
most adventurous riders. There are marked biking
routes across the region and guides to take you on
fabulous tours.
91
Outstanding fresh
local produce
No trip to the Algarve is complete without a
comprehensive analysis of the local cuisine. Anyone
who has visited will remember the outstanding fresh
produce. Local fish markets offer their daily catch
from the tastiest sardines to live lobsters and crabs.
The markets offer colourful local fruit and vegetables
to delight anyone who enjoys to eat, cook and BBQ.
Portuguese wine deserves its own article but we will
have to save that for the next edition of the Guide!
They are simply world class.
Casual beach restaurants to Michelin Star dining.
The choice is yours.
The great outdoors
Vilamoura marina boasts an impressive cargo!
From here one can charter a boat or join a trip out
to sea to go dolphin watching or deep-sea fishing.
For those more comfortable on dry land the beaches
offer challenging running, wonderful walking and the
best sunbathing for most of the year.
93
Photograph : Ron Haslam
The awe inspiring
Ria Formosa
The Ria Formosa is a UNESCO bird sanctuary and
the wildlife quite awe-inspiring. Migrating birds use the
Ria as a resting place before crossing over to Africa.
The area has so much to offer – come join us!
95
Four Seasons
Country Club
at the heart of Quinta do Lago.
TripAdvisor has become the world’s
leading internet website for travel reviews
and millions now use it when booking hotels
and restaurants. TripAdvisor ratings and awards
are based on customer reviews and it is those
reviews that are the basis for its annual
awards. It is therefore all about meeting
customers’ expectations.
The prestigious Traveller’s Choice Awards
honour the top 1% of all hotels worldwide and
are based on the quality and quantity of reviews
and opinions from millions of travellers around
the world. The Four Seasons Country Club
(FSCC) is very proud therefore to be named
Portugal’s Top Hotel and the 12th Best in the
World, based on those customer reviews.
A consistent annual TripAdvisor winner,
FSCC in fact scooped a total of six wins in
the 2015 awards; also claiming the top place
in the Best Hotel for Families in Portugal and
second place for Best Service in Portugal.
In the European categories, the resort was
placed fourth in the Top 25 Best Hotels and
20th in the Top 25 Hotels for Families.
In operation for 28 years and under the same
General Manager, Ian Pugsley, for the last 26 of
those, FSCC is well-loved by its guests, as its
TripAdvisor reviews testify:
“We have been using this Club now for the
last 20 years and it just gets better and better.”
“Another year in our home from home everything remains a consistently high standard
from the villas to the food but it is the staff who
make it wonderful to come back year after year.”
of such an illustrious group. We must thank
all our guests and visitors for taking the time
to place reviews of our resort with the travel
website,” Ian Pugsley said.
“The year after year consistency of highquality accommodation and service marks this
ahead of the rest. Equivalent to a 5-star hotel
but with space and flexibility. The staff, across all
aspects of service really do make the difference,
always efficient and never intrusive.”
The club, which is located right at the heart of
the Algarve’s premier luxury resort of Quinta do
Lago, is a members’ club for overseas visitors,
local residents and those who may own a
holiday home in the area that they visit regularly.
Quinta Properties’ clients, who buy property,
can take advantage of a complimentary three
month experience card to allow them to sample
the excellent facilities and experience the warm
and welcoming atmosphere of the club.
“It was the efficient but friendly service
provided by our staff and our welcoming family
environment that saw the club named in the
Traveller’s Choice Awards World’s Top 25 Hotels
and we are very pleased and proud to be part
www.fsccqdl.com 97
ST LUCIA
Do you own a beautiful second home?
Are you an avid traveller?
If so, then membership to this private
club could be for you.
3RD HOME is the exclusive club for
the owners of high-end second homes.
Their thinking is simple. If you own a
beautiful second home, you shouldn’t have
to pay rent to use others when you travel.
The club’s main purpose is to enable
luxury second homeowners to get the most
value out of their property by sharing the
downtime with other like-minded members.
Set up in 2010, it has grown to over
3,000 properties in 73 countries. The club’s
portfolio is worth USD 7bn+ (GBP 4.5bn+),
with an average second home value of
USD 2.4m (GBP 1.5m).
In addition to the selection of beautiful
stand-alone homes, it has also affiliated
with 35 of the finest resorts and fractional
clubs such as The Ritz-Carlton Destination
Club®, Trump International Hotel and Towers
and a number of the Auberge resorts.
This provides its members with unmatched
scale and variety in their sector.
How does the club work?
Members with qualifying homes are
invited to upload their property(ies) into
their account. They then deposit available
weeks into the club for other members to
use. In return, they receive credits in the
form of Keys that can be immediately used
on any other available property in the club.
When they find a week they like that
fits their schedule, they simply reserve it by
using their Keys and paying the reservation
fee. Reservation fees are between USD 395
and USD 995 (GBP 255 and GBP 650)
per week, depending on the property
and season.
TRADEWINDS, WEST INDIES
There’s an initial joining fee of USD 2,500
(c.GBP 1,600) which is currently waived
for new members. This provides a free
lifetime membership to the club. Clients of
Quinta Properties will be upgraded to
The President’s Club level of membership
free of charge in their first year - a USD 495
(c.GBP 330) additional benefit.
COLORADO, USA
Benefits of membership
Free Upgrade
There are no costs to join and a free
upgrade to The President’s Club for the
first year for everyone who joins through
Quinta Properties.
Variety
The club has over 3,000 properties,
including homes in over 1,000 cities
worldwide. There’s plenty of immediate
choice and also the opportunity to request
the weeks you want in properties you like.
Flexibility
Being a member doesn’t preclude you in
any way from using your home or renting
it out in the conventional way. You simply
select and deposit the weeks you wish to
earn the Keys you need.
Incredible value
Each booking saves their members
thousands of pounds in accommodation
costs, leaving them with more to enjoy the
finer things while there.
Exclusive free
membership for
QP clients worth
GBP 1,600
CONTACT US TO REQUEST A COPY OF
THE 144-PAGE COFFEE-TABLE BOOK.
The book showcases many of the luxury
residences and resorts you can visit when
you join the club. It includes customer
testimonials and tells you how to turn
empty weeks at your second home into
luxury worldwide travel.
For your copy call +44 (0)207 1933 091 or
visit www.quintaproperties.3rdhome.com
99
Creating your dreams... With
CHARACTER
CONSTRUCTION
B U I L D I N G F O R YO U O N T I M E A N D T O B U D G E T
www.character-construction.com
email: [email protected]
tel: +351 915 125 720 / +351 936 223 697
Maps, contacts and
insider information.
101
Directory
EMERGENCY SERVICES
Emergency Services
Police, Ambulance & Fire Brigade
112
Police/ GNR Almancil
289 351 530
Quinta do Lago Medical Emergency 917 214 326 or 916 118 870
Quinta do Lago Security
& Fire Brigade (Vigiquinta)
289 394 494
ACCOMMODATION
Conrad Algarve Hotel, QDL*
289 350 700 www.conradalgarve.com
[email protected]
Dunas Douradas Beach Club
289 351 300
www.ddbc.pt [email protected] Dona Filipa Hotel, VDL**
289 357 200
www.donafilipahotel.com [email protected] Four Seasons Country Club, QDL*
289 357 000
www.fsccqdl.com [email protected]
Monte da Quinta Suites, QDL*
289 000 300
www.montedaquintaresort.com [email protected]
Quinta do Lago Hotel, QDL*
289 350 350
www.quintadolagohotel.com [email protected]
Ria Park Hotel & Spa, nr VDL**
289 359 800
www.riaparkhotels.com [email protected]
Vila Joya Hotel Restaurant & Spa
289 591 795
www.vilajoya.com [email protected]
British Airways
808 200 125
www.britishairways.com
Faro Airport information
289 800 800
www.ana.pt TAP Airlines
707 205 700
www.flytap.com
AIRPORT & TRAVEL
ARCHITECTS
[email protected]
Archisul Arquitectos Miguel, Loulé
917 812 424
[email protected]
[email protected]
Bak Gordon, Lisbon
213 471 107
Fraser & Davies, QDL*
289 398 485
[email protected]
Jaime Coutinho, Almancil
289 390 930
www.jaimecoutinho.com
[email protected] Jutta Hoehn (JSH Algarve), Almancil
289 394 792
www.algarve-architecture.com
[email protected]
PLAN Architects (Dos Reis), Almancil 289 392 636
www.plan.pt [email protected]
Vasco Vieira (Archi+), Almancil
289 321 476
www.arquimais.com
[email protected]
Zen Arquitectura, Almancil
289 301 882
www.zenarchitecture.eu
[email protected]
BANKS
www.bakgordon.com Banco Santander, QDL*
289 351 120
[email protected]
BCP Millennium, QDL*
289 006 940
[email protected]
Andrei Radu-Character Construction
915 125 720 www.character-construction.com
[email protected]
GET Lda, Tavira
281 320 940
www.get-algarve.com
[email protected]
Iberia Constructions, Almancil
919 319 231
www.iberiaconstructions.com
[email protected]
Netos, Loulé
289 410960
www.netos.pt
[email protected]
BUILDERS
CONSULATES
British Consulate
From Portugal:
From abroad:
808 203 537
www.gov.uk
+351 213 954 082
[email protected]
Dutch Consulate Out of office hours:
213 914 900 www.portugal.nlembaixada.org
917 765306
[email protected]
French Consulate
213 939 100
www.ambafrance-pt.org
[email protected]
German Consulate
289 803 148
www.lissabon.diplo.de
[email protected]
Ely Flores
289 399 411
www.elyflores.com
[email protected]
Suzannah’s Flowers
914 841 594
www.suzannahsflowers.com
[email protected]
Alquatro
289 395 732
www.alquatro.pt
[email protected]
Dunas Lifestyle
289 392 602
www.dunas-style.com
[email protected]
Equilibrio Interiors
289 397 059
www.equilibriointeriors.com
[email protected]
Interior Design by Melissa Jane
289 397 194
www.melissajaneinteriors.com
[email protected]
Pure Allure Interior
914 905 659
www.pure-allure-interior.com
[email protected]
Quinta Style 917 124 004
www.quintastyle.com
[email protected]
Reflexões
289 393 500
www.reflexoes.com
[email protected]
Vanessa Roff
919 901 742
www.vanessaroff.com
[email protected]
FLOWER SHOPS
INTERIOR DESIGNERS
*QDL = Quinta do Lago **VDL= Vale do Lobo
LANDSCAPE ARCHITECTURE & GARDEN CENTRES
Bloom Landscaping
289 109 803
www.bloomlandscaping.pt [email protected]
Cape Gardens
289 397 165
www.cape-gardens.com
[email protected]
Jardim Vista
289 356 977
www.jardim-vista.com
[email protected]
Natura
289 396 106
www.naturalgarve.com
[email protected]
LOCAL LAWYERS
Eurico Alves
289 359 230
[email protected]
Elia Apolo
289 395 570
www.eliapolo-advogados.com
[email protected]
Luís Borges
289 401 090
www.llb.pt
[email protected]
Tiago G. Luís & Josué S. Coelho
289 887 440
[email protected]
Tiago Felizardo
289 399 720
www.allawyers.eu
[email protected]
Vasco Ramires Fernandes
289 803 009
www.rfalgarvelaw.com
[email protected]
Matilde Ferreira
289 586 888
[email protected]
Teresa Rolando da Fonseca 289 391 004 [email protected]
Maria José Mendonça
919 659 413
[email protected]
Justin Ryan
289 390 080
www.bbassoc.pt
[email protected]
Ronald Swyer
289 399 362
www.ronaldswyer.com
[email protected]
Andrea Viegas
289 355 478
www.andreaviegas.com
[email protected]
LOCAL PROJECT MANAGEMENT / SURVEYORS
David Banting 289 398 860
www.davidbanting.com
[email protected]
Peter Densham, MRICS
289 313 492
www.peterdensham.com
[email protected]
Dermot Forbes 914 921 010
www.forbes.pt
[email protected]
Angus Gilmore (Land Surveyor)
919 704 364
[email protected]
Jeff Mauger 914 626 385
www.jeffmauger.com
[email protected]
Pedro Moreira
918 683 819
www.algarvesurveyors.com
[email protected]
Termoflux – Energy certificates
289 355 935
www.termoflux.com
[email protected]
24h Vet Hospital, Loulé
289 422 424
www.hospitalvetloule.pt
[email protected]
Canham Vet Clinic, Almancil
289 395 799
www.canhamvet.pt
[email protected]
Chemist Nobre Passos, Almancil
289 395 611
Dentist - Quinta Shopping
289 392 339
Faro District Hospital, Faro
289 891 100
www.hdfaro.min-saude.pt
Loulé Private Hospital, Loulé
289 249 750
965 927 990
www.hospitaldeloule.com
Medical Centre, QDL*
Medical Centre, VDL**
Emergency:
289 398 411
www.family-medical-centre.pt
289 398 009
917 214 326
[email protected]
[email protected]
Private Hospitals
Alvor & Gambelas, Faro
707 28 28 28 www.grupohpa.com/en
[email protected]
Algarve T- Taxi, Almancil
289 352 525
www.algarvet.com
[email protected]
Apolónia Supermarket, Almancil
289 351 440
www.apolonia.com
[email protected]
ArtCatto Art Gallery, Loulé
289 419 447
www.artcatto.com
[email protected]
International School Algarve***
289 398 328
www.internationalschoolalgarve.com
[email protected]
International Vilamoura School
289 303 280
www.civ.com.pt
[email protected]
New Concept Int. (Removals & storage)289 395 105
www.removalsalgarve.com
[email protected]
Platinum Valet Car Service, VDL**
969 277 601
www.platinumautovalet.com
[email protected]
Propaint
918 885 396
www.propaintpt.com
[email protected]
António Ribeiro, Personal Trainer
Almancil
914 602 671
www.personaltrainingcentre.net
[email protected]
Paul Beesley, Bike Tours, Almancil
913 226 954
www.algarvebikeholidays.com
[email protected]
Champagne Cruises, Vilamoura
965 656 675
www.champagnecruises.net
[email protected]
HTA Helicopters, Loulé
289 435 112
www.htahelicopteros.com
[email protected]
Karting Almancil, Almancil
289 399 899
www.kartingalgarve.com
[email protected]
Marina de Vilamoura
289 310 560
www.marinadevilamoura.com
[email protected]
Pine Trees Riding Centre, Almancil
289 394 369
www.pinetreesridingcentre.com
[email protected]
Skydive Algarve, Alvor
282 496 581
www.skydivealgarve.com
[email protected]
Sol Viegas, Yoga, Almancil
918 279 294
Solviegasyoga - facebook
[email protected]
Tennis Club - QDL*
289 398 848
www.playtennisalgarve.com
[email protected]
Tennis Centre – VDL**
289 357 850
[email protected]
Watersports Centre, QDL*
289 394 929
www.lagowatersports.com
[email protected]
Zoomarine, Guia
289 560 300
www.zoomarine.pt
[email protected]
MEDICAL SERVICES
[email protected]
[email protected]
MISCELLANEOUS
RECREATION
*QDL = Quinta do Lago **VDL= Vale do Lobo ***Schools: Almancil & Porches
103
RENTAL AGENTS & PROPERTY MANAGEMENT COMPANIES
Algarve Direkt
917 590 129
Colin Skinner, CSS – SERVIÇOS
289 399 543
[email protected]
EnQuinta Property Management
289 350600
www.enquinta.com
[email protected]
JES Property Management & Rentals
289 394 711
www.jesql.com
[email protected]
Sabino Villas
289 392 256 www.sabinovillas.com
[email protected]
Select Resorts Holidays
+44 1202 786 490 www.selectresortsholidays.com
[email protected]
Wendy Davies Management
289 392 760
www.wendydavieslda.com
[email protected]
Conrad Algarve – Spa
289 350 831
www.conradalgarve.com
[email protected]
Estetica, Quinta Verde
912 560 153
www.quinta-verde.com
[email protected]
Jim Hairstylist 289 398 178
[email protected]
Philippe Stabile Hair Salon
289 356 370
www.philippe-stabile.com
[email protected]
SPAS, HAIR & BEAUTY SALONS
RESTAURANTS – MICHELIN STAR
www.algarve-direkt.com
[email protected]
Henrique Leis, Almancil 289 393 438
www.henriqueleis.com
[email protected]
Ocean at Vila Vita Parc, Porches
282 310 100
www.vilavitaparc.com
Open from 2nd May
Vila Joya Hotel Restaurant & Spa
289 591 795
www.vilajoya.com
[email protected]
Willie’s, Vilamoura
289 380 849 www.willies-restaurante.com
[email protected]
2 Passos, Ancão
289 396 435
www.restaurante2passos.com
[email protected]
António Tá Certo, Praia do Garrão
289 396 456
BJ’s Oceanside, nr VDL**
910 698 479
www.bjsoceanside.com
[email protected]
Breeze Papagaio, VDL**
289 353 357 www.breeze-algarve.com
Estamine, Ilha Deserta, Olhao
917 811 856
www.animaris.pt
Gigi’s, QDL*
964 045 178 [email protected]
Izzy’s, Praia do Garrão
289 396 984
www.izzysbeachrestaurant.com
[email protected]
Julia’s, Praia do Garrão
289 396 512
www.julias-algarve.com
[email protected]
Maria’s, Dunas Douradas
289 358 675
www.mariasbeachalgarve.com
[email protected]
A Quinta, Almancil
289 393 357 www.quintarestaurant.com
RESTAURANTS – BEACH
[email protected]
RESTAURANTS – LOCAL
Alambique, near VDL**
289 394 579 [email protected]
Birds Nest, Alfontes
289 366 458 www.thebirdsnest.eu.com
[email protected]
Casa do Campo, Almancil
289 399 109
www.casadocampo-restaurante.com
[email protected]
Casa do Lago, QDL*
289 394 911
[email protected]
Casa dos Pinheiros, Almancil
289 394832 www.casadospinheiros.net
[email protected]
Casavostra, Almancil
289 397 565 www.pizzeriacasavostra.com
[email protected]
Chinese Gourmet, Almancil
289 356 422 www.chinesegourmetalgarve.com
[email protected] chinesegourmetalgarve.com
Don Giovanni, Almancil
289 397 205 www.dongiovannialgarve.com
[email protected]
Florian, Valverde
289 396 674
www.florianrestaurant.com
Gourmet Natural, Almancil
289 355 271
www.gourmetnaturalrestaurant.com
Green Valley Bistro, Valverde
289 396 638
www.greenvalleyrestaurante.com
Grissino, Almancil
289 356 562
Gusto, Conrad Algarve, QDL*
289 350 700 www.conradalgarve.com
Hamburgueria Casavostra, Almancil
289 391 104
www.hamburgueriacasavostra.com
Koko Lane, QDL*
289 356 087
[email protected]
Menta Pimenta, Almancil
289 398 901 [email protected]
Monty’s, VDL**
289 353 436
[email protected]
Paixa, VDL**
289 394 699 www.paixarestaurante.com
[email protected]
Parilla Natural, Almancil
289 350 040
www.parillanatural.com
[email protected]
Pequeno Mundo, Almancil
289 399 866
www.restaurantepequenomundo.com [email protected]
Pure Boutique Café, QDL*
289 390 708
São Gabriel / Thai Garden, nr VDL**
289 394 521
Simply Tapas & Vinho, Almancil
289 391 145 Sushi-Ya Fusion, Almancil
289 399 614
www.sushiya.pt
Sr. Frango, Almancil
289 393 756 www.srfrango.com
[email protected]
Tsuro at T-Club, QDL*
289 396 751
www.tclube.com
[email protected]
Tucanos, QDL*
289 359 665 www.restaurante-tucanos.com
[email protected]
Algarve Fine Food
915 987 200
www.algarvefinefood.com
[email protected]
Concept Catering
289 542 190
www.conceptcatering.eu
[email protected]
FINE DINING AT HOME
*QDL = Quinta do Lago **VDL= Vale do Lobo
www.mentapimenta.net
www.sao-gabriel.com
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Family Medical Centres
Quinta do Lago | Vale do Lobo
Founded 26 years ago by Dr Robin Thomson
We strive to provide an old-fashioned personal and caring service.
Quick access to the most modern technology available allows us
to offer a truly comprehensive medical care.
IN HOUSE
• Same day consultations
• 24hr emergency service & home visits
• Blood tests with same day results
• Minor surgery & suturing
• Ultrasound & Doppler studies
• ECG & 24hr ECG
• 24hr blood pressure monitoring
• Pulmonary function tests
• Botox & fillers
• Choice of three GPs & multiple specialists
SPECIALISTS IN HOUSE
• Cardiology
• Cosmetic surgery
• Dentistry & Dental surgery
• Dermatology
• Gynaecology
• Nephrology
• Neurology
• Nursing
• Ophthalmology
• Orthopaedics
• Physiotherapy
• Podiatry
• Radiology
• Urology
RAPID ACCESS TO
• X-rays
• CT & MRI scans
• Coronary artery CT angiography
• Mammography
• Bone densitometry
• Other specialists
Associated with all local private hospitals and with St Barts, Brompton, Royal Marsden and London hospitals
Quinta do Lago
Tel: +351 289 398411
Director and Partner Dr Robin Thomson MBchB DRCOG
Vale do Lobo
Tel: +351 289 398009
Director and Partner Dr Thomas Kaiser MD DRCOG
24hr Emergency Number 917 214 326
Mr & Mrs
CAROL MOFFETT
Quinta do Lago property owner
How I look forward to landing at Faro
Airport during the winter months and feeling
the sensation of the warm Algarvian sunshine
on my face! It’s such a contrast with the typical
dull dreary Irish winter weather that I have left
behind in Dublin less than 3 hours’ flight
time away.
Then a quick hop to the fabulous deserted
white sand beach at Quinta do Lago for a long
walk watching the waves break on the seashore or perhaps a cycle along the salt lakes
to Faro Island returning for a well-deserved
coffee and chocolate brownie at ‘Pure’ Cafe.
My idea of heaven!
Mr & Mrs
CHARLES WESTON-BAKER
Savills Head of New Developments
Several months ago I was in Istanbul
on business. I had some time waiting in a
restaurant for a business colleague to join
me. At the next table a man was also clearly
waiting for someone and we chanced to start
a conversation, not something I usually do.
We started talking about our favourite
restaurants around the world. It immediately
became obvious that the bon vivant and I
were astonished when he listed Gigi’s in Quinta
do Lago as one of his best loved eateries.
I explained that I had been closely involved
with the resort for many years and had also
enjoyed many a fine meal at Gigi’s, overlooking
the natural beauty of the Ria Formosa. I asked
him what was so special about the place.
He pondered and then said it was a magic
cocktail of the simplest fresh fish, combined
with local wine and the delightful company of
Gigi himself.
Mr & Mrs
JOACHIM HARTL
General Manager, Conrad Algarve
I am constantly amazed by the pure quality
of life the Algarve has to offer and whenever
we are away we just can’t wait to go back.
So what do we as a family, miss the most
when we are away? Definitely the quality of
light, the clean air, as well as the possibility of
spending 300 days per year under the crystal
blue Algarve skies.
What do I miss the most? Activities one
can only do in the Algarve like clam-picking in
the Ria Formosa, trailing the fascinating cork
route where the world’s best cork is produced,
or auctioning your own fish in the western
Algarve town of Sagres.
Mr & Mrs
DEBBIE AND IAN PUGSLEY
Algarve residents
Our two sons grew up here in the Algarve
and have many happy memories of a
childhood spent in the sun. Now that they
both live in the UK it’s amusing for us to hear
on their return, the list of things they have
missed and would like to do when they
are back.
A fishing trip from Vilamoura Marina
makes a lovely day out, catching your lunch
(hopefully) and then barbecue on the
back of the boat, followed by a swim in a
secluded cove. Chicken Piri Piri is a must,
with a particular restaurant in the hills being a
favourite of ours, the Piri Piri Palace. Small and
intimate with an open well in the centre, lit so
that you can see the fish that keep the water
clear. In wintertime a roaring fire in the corner
makes a really cosy setting when the evenings
are a little cooler.
Mr & Mrs
JANE AND WARREN HILTON
Quinta do Lago property owners
We love travelling around the world, but we
always look forward to returning to our little
piece of paradise here in Quinta do Lago.
As we step out of the airport the fresh,
distinctive smell of the pine trees and the
ocean air let us know we are back home.
As soon as we arrive our first stop will be
to meet up with friends at António’s restaurant
on Garrao Beach, overlooking the ocean
where we enjoy the freshest, tastiest, most
perfectly grilled fish in the world. We still love it
after visiting there for over 25 years.
Mr & Mrs
PETER AND JUDY KERSHAW
Quinta do Lago property owners
So what’s there not to miss about the
Algarve? When asked, we felt we missed
every aspect from that sunshine on arrival,
the warmth of the friendly reception –
everyone you meet seems to be pleased
to see you; those delicious long lazy beach
lunches with friends eating sea bass cooked
in salt at Passos, or turbot at world-famous
Gigi’s or those wonderful Sunday live music
sessions at Maria’s that drift from lunchtime
into a spectacular sunset, all accompanied
by copious amounts of excellent
Portuguese wine.
We miss it all – but not for long!
107
SALES OFFICE
& LARANJAL GOLF COURSE
Quinta das Salinas
H
109
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020 019 18 11 7 4
1057
1 1 6 32 1
1 7 90
156 8
017
012
01
017A 01
0134
1
15
00
00
7
00
6
8
ENCOSTA
DO ATLÂNTICO
400
395
e
sC
11
72
956
71
9 7
70 9
9
68
989
6 7
107
9
6
108
100
101
102
26
103 1 1254
2
7 1 3
12 12289 12 22
1 0 1 21
13 31 1 12109
1 32 1
1
16
412
da
co
Be
12
399 397 396
413
ALDEIA
NORTE
373
398
414
351
307
356
1013
1010
360
10151014
355
306
10171016
354 350
1024
4
1023
1025
305
1022
1018
359
1038
1026
315 316
1018 1020/1 1027
358
1037 1039
314
304
357
317
1028/9
1036
318
313
1032
1041 1040
303
319
1035
312 320
1030
13
1033
321
1031
302
91 90
VALE
DO GOLFE
372
651
637A
637B
601
86
864
86
696
652
646A
645A
645B
Ma
r
do
ida
Av
en
1001
1002
603 602
4
4 28
4 27
4 2
42 256
4
4
4223
42 2
42 1
0
362
0
10
72
10
71
10
70
10
69
361
1011/2
371
604
653
646
600
605 615 614 613
80
9/
57
612
4
eir
as
sP
alm
da
co
Be
195
194
193
192
191
190
199
198
197
196
Bi
sp
o
Ru
ad
o
179
178
177
370
308
606 611
581
647
599
9
9
9
922
1
o
11
598
607 610
582
5
rid
309
353
04
10 03
10
1073A
616
352
10
1073
617
583
654/
648 654A
597
608/9
1
654B
596
584
89
89
Flo
1074 1075
17
1078
638
594/5
585
663
640
639
592/3
586
526 527
642
639A
591
587
84
8
84 47 89
8 6
4
8445 884 8
9
4
89
8550
3
8 1
8552
89
3
2
842
co
3
1077
1
641
588
510
512
552
509
543
513
508
174
551
546
514
175/6
542
507
176A
515
547 550
541
506
516
540 548 549
505/517
537
13
538/9
520 537
503
504 518
521
535
519
530
534
3
522
502
533
529
311
501
523 532
528
531
310
524/5
173/3A
644
590 641A/3
553
544
545
1
4
68
5
68
Be
18
1076
511
68
9
s
da s
co ira
Be doe
en
Am
5
181
180
171/2
554
679
0
683
682
590E
558
557 556 555
168
189
188
169
187
170
186
185
184
182/3
9
692
693
559
674
675
676
677
678
68
s
cia
Acá
das
Avenida
205
204
203
202
po
Bis
4
da
1
MIRAGOLFE
6
as
eir
lm
200/1 s Pa
a
Ru
678
560
589
167
1
16 163 64
1601 162 1 1144 143
61 45 142
1 159
1
15578 14147 161 1 46 141
156 149 8
3
1
13 7 140
15 1551 0
1398
2
154
153
do
1006
1085
1123
1160
1124 1084 s
1131 1122 vessaodeairsas Sítioednadsoeira 1086 1091 1092 1093
1161
d
ra
m
n
T e
A
Am
1094
1130
1121 1125 1087
1090
1096
1126
1088 1089
1120
1097
1095
1129
1098
1109
1119
1128
1099
1108
1118 1110
1100
1107
1111
1117
Vo
1101
lta
1112 1106
da
1116
s
2
Am
en d eiras
o
1102
1115
1104 1103
1114 1113
1105
1132
565 561
564
562
563
668
669
66
7
66
664
6
665
662
660 661
659
2
67
3
67
0
67 1
67
655
655A
656
do
206/7
1081
1083
208/9
po
Bis
1082A 1082
1132A
10
68
9
68
68 8
7
68
6
o
sp
Bi
do
do
io o
SítBisp
co
sa
1154
14
2
35
12
566
578
1080
6
35
3
567
577
PORTA
DO SOL
1148 1147 1146
1149
1155 1153
es
av
Tr
1159
Be
1156
1152
13
7
B.1
4
568
576
3
35
B.1
569
212
1150
1151
1157
7
a
8
1249/50
Paixa Restaurant
Ru
1205
1204
1203
1202
Rua
do L
ame
8
iro
116 1167 66 5
11 116
4
116 1163 2
116
1242
1158
575
7
33
.
5B
5
B.1
oli
na
LAmeiro
Rua do
1231
1230
1229
1228
1227
1226
1225
1224
1201
1219
122 1211
122 0 121212
1 12 13
14
1215
re
s
po
1248
1247
1246
1245
Tr
av
es
1206
das
Flo
res
35
4
B.1
35
32
B.
3
210
211
1251
sa
do
Bis
1252/53
2
31
B.
35
3
571
AVENIDA
DO MAR
570
12
res
Flo
1254
as
1233
1265
1207
ad
124
1
124
1230
9
123
8
123
7
1236
1235
1234
1244
1243
io
da
sF
lo
ss
ve
Tra
1255/56
1222/
/23
3
2
.1
5B
4
.2
37
.12
37
30
.
5B
574
s
lore
as F
ad
Ru
co
Be
Sít
1232
1257
B
B.1
3
.2
37
.11
37
9
.2
35
1
B.1
35
28
B.
B
35
2
.2
37
.10
37
B.
VA
1
.2
37
.9
37
27
35
35
1266
6
35
9
B.
35
572
0
.2
37
.8
37
.2
B
35
.19
37
.7
37
6
25
B.
8
B.
B.1
31
B.
6
35
31
.6
37
24
8
.18
37
3
23
35
B.
35
7.5
B.
5
B.
35
9
B.
.16
37
.17
37
.4
37
2
35
.15
37
.3
37
1
2
B.
.
5B
B.
31
.14
37
.2
37
.2
35
5
20
35
.13
37
.1
37
B.
.2
B
35
B.
31
9
B.1
35
3
4
B.
31
8
B.1
35
1
1261
8
A.
34
al
ci
er
m a
Co Are
31
VALE
DAS FLORES
A.7
34
3
31A.2
573
6
A.
34
d
Ci
31A.1
Main Entrance
Elliott Co-ownership
Medical Centre & Dental Clinic
Supermarket
Administrative Offices
Infralobo
Federação Portuguesa de Golfe
Housekeeping & Laundry Services
Vale do Lobo Administration Offices
5
A.
34
.1
4A
B.1
33
4
2
A.
34
A.7
33
34B.1
34B.2
34B.3
34B.4
34B.5
a
id
n
ve
A
3
ul
Lo
6
A.
33
A.
34
3
.
4A
5
A.
33
da
e
ad
de
9
hotel
é
04
33
a
et
ac
Pr
Vale do Lobo – Parque do Golfe
37° 3´17.72"N
8° 3´51.07"W
.10
1258/59
3
.
3A
3
Vale do Lobo Shopping
Art Gallery
Hairdresser by Victor Picardo &
Nail bar
Cash Point
Gant & Henry Cotton’s
Interior Design by Alquatro &
Maria Raposo
Nevada Bob’s Golf
Paper & Co. Newsagent/Post Office
Select Designs
Soares Wine & Gourmet
Míele Showroom
1260
33
2
A.
33
a
st
co
En
Parque do Golfe
Auditorium
Budget – Car Rental
Exclusive Vacation Club
Montepio – Bank
FunZone
Golf Academy
Golf Club
Proprietors’ Club
Resort Reception
Spikes Restaurant & Lounge Bar
Wellness Centre (Royal Spa &
Fitness Centre)
C.1
A.1
7
77
15
0
48
16
VA
MI
Medical Centre
Restaurants
Bars
Night Club
2
C.
33
.8
3A
A.9
33
0
.1
3A
3
10
Federação Portuguesa de Golfe
Beach
Resort Reception
Swimming pool
Vale do Lobo Golf Club
Football pitch
Royal Spa
Kangaroo Children’s Village
Hotel
Supermarket
Vale do Lobo Golf Academy
Cash point
Vale do Lobo Tennis Academy
Children’s Playground
RESORT DIRECTORY
Alphabetical Directory of Services and
Amenities at Vale do Lobo.
BANK (Montepio)
Parque do Golfe · T. 289 352 600
BUDGET (rent-a-car)
Parque do Golfe · T. 289 353 401
CIRCUIT BUS
Resort Reception · T. 289 353 322
GALERIA DE ARTE VALE DO LOBO
Parque do Golfe · T. 289 353 327
GANT & HENRY COTTON’S
Parque do Golfe · T. 289 353 442
INTERIOR DESIGN SHOWROOM
Parque do Golfe · T. 289 353 407
KANGAROO CLUB
Praça · T. 289 357 200
MÍELE SHOWROOM
Parque do Golfe · T. 289 353 434
NEVADA BOB’S (golf shop)
Parque do Golfe · T. 289 353 411
NEWSAGENT (Paper & Co.)
Parque do Golfe · T. 289 353 408
Praça · T. 289 353 427
PLATINUM AUTO VALET
Vale do Lobo Security · T. 96 927 761
Vale do Lobo Shopping
Laundry services
Rua
3
a
cost
2 1. 1 1. 0 9.
.8 7.
B1.
34 34B 34B 34B 34B 34B 4B.6
3
n
da E
.1
6A
2
A.
36
Key reference points
Car park
4
Circuit Bus stop – all year
Royal Golf Course
5
A.
Circuit Bus route
Ocean Golf Course
.3
A
36
A.
36
36
6
.
6A
3
Resort limits
7
A.
36
B.1
36
ALE REAL
Author’s copyright: Vale do Lobo, Resort Turistico de Luxo, S.A.
2
B.
36
EDITION NR.13 - December 2012
3
B.
36
.4
6B
3
This map is produced in good faith, set out as a general guide only and does not constitute any part of a contract whatsoever.
9
B.
5
36
6
B
36
B.
36
11
B.
36
.10
1
B.1
7
B.
36
36
2
B.1
36
08
B.
36
Royal Golf Development
Real Estate plots/ properties available
Rua
Vale do Ténis
Tennis Academy
Tennis Café
Memories of China - Restaurant
1
9000
9
96
96 6
7
a
959
960
96
96 1
9632
Florid
4
9665
9
8
96 9
96
975
976
97
9721
97
9743
719
40
52
53
40
51
40
61
40
3
6
40
Cl
u
us
e
o
rrã
ida
T1
Flo
r
98
9
8
/
721
12
17
20
T5
20
21
09
21
05
21
2
2
90
20
1
09
2
5
osa
03 09
2
21
11
21
2
09
2
94
20
s
14
2
115
16
21
9
4
20
72
20
70
ad
id
42
20
36
20
56
2
61
2
20
38
60 2
20 206
20
20
21
5
03
7
03
20
39
55
20
29
34
43 20
20
41
54
0
71 2
20
44
20
20
2
30
21
33
20
20
3
05
20
0
32 2
20
45
40
2
31
21
30
20
20
46
48
20
73 205
20
99
00 20
21
21
21
77
20
31
20
47
20
75 050
2
20
1
74 05
2
20
no
cea
Avenida O
21
2
76
20
8
13
8
07
20
20
6 97 09
02 209 20 2
01
2
87 85
20 20
21
12
21
20
80
20
20
93
83
20
82
20
81
9
07
T4
29
06
05
84
28
20
04
20
20
o
an
ce
4
10
110
20
2
7
2
20
01
Rua
08
21
88
oO
Mim
763
7
7 2
76
77701
780 1
7654
769
7882
7 3
768
7884
7
6
7
7
766
785
78 786
7
9
08
06
ad
das
ALE DAS
IMOSAS
07
21
et
ac
Pr
Rua
8
78 9
78 0
79
Praça
Amore Pizza Pasta Restaurant
Bugatti Pizza Café Bar
Cash Point
Gecko Club
La Crêperie
Cantina d’el Lobo
La Terrazza Restaurant
Monty’s – Restaurant and Live Music Bar
Paper & Co. Newsagent
Breeze Papagaio Restaurant
Breeze Texture
Breeze Champagne Bar
Kangaroo Children's Village
Rotunda Swimming Pool
Sandbanks Beach Bar
Sandbanks Fish & Seafood Restaurant
Teahouse Oriental Restaurant
08
20
20
20
/ 10
0920
20 /
26
20
20
0
20
18 2
20
25
20
21
2
02
20
3
24
20
2
0
02
07
20
23
20
2
02
9
01
20
11
777
7
77756
74
A87
A6
A 5
A
A4 3
A 2
A 1
A
ida
15
20
/ 16
14 20
20 /
o
Ga
Av
en
T6
22
Ria Park Hotel
59
63
20
28
21
64
20
26
27
21
21
Beco Oceano
20
58
0
57 2
20
Avenida Oceano
40
o
bh
12
41
10
40
62
40
1
7
40
OCEANO
CLUBE
A12
A11
A10
A9
40
ar
iram
A
A 30
A229
8
A2
A 7
A226
5
803
804
805
72
40
de M
Rua
A
A 34
A 33
A3 32
1
4
40
40
11
81
31
40
40
40
40
40
73
VALE DE
40
74
40
SANTO
ANTÓNIO
3
03
32
41
720
23
40
Av
en
24
40
4
9
40
83
iran
te
4
2 9
09 40
4
93
42
715
7
1
02
1
40
809
808
Oceano Clube
Real Estate plots/ properties available
do M
812
811
810
98 2
3
984
985
Vale de Santo António
Real Estate plots/ properties available
11
40 012
4
13
40 14
40
82
40
22
40
879A
879B
807
806
713
94
94 7
6
9
97 78
7
98
A1
3
A1
A14
5
A1
6
A1
A1 7
8
A19
A20
A21
A22
A23
A24
932
933
934
865
866
867
868
880
879
878
877
876
5
4/
87
814
813
822
818/9 821
820
817
816
815
825
824
823
2
88 1
88
869
870
871
872
873
827
826
4
88 3
88
944
945
A
8
886
885
9A
94 9
94
1
VALE
DO TÉNIS 942
943
RESORT RECEPTION | RESERVATIONS
Parque do Golfe · T. 289 353 000
SWIMMING POOL (Rotunda)
Praça · T. 289 353 422
SELECT DESIGNS
Parque do Golfe · T. 289 353 410
SOARES WINE & GOURMET
Parque do Golfe · T. 289 353 428
TENNIS ACADEMY
Vale do Ténis · T. 289 353 431
VALE DO LOBO AUDITORIUM
Parque do Golfe · T. 289 353 000
GOLF CLUB
Parque do Golfe · T. 289 353 465
MEDICAL CENTRE & DENTAL CLINIC
Resort Entrance · T. 289 353 433
VICTOR PICARDO HAIRSTYLING GROUP
Parque do Golfe · T. 289 353 439
WELLNESS CENTRE ROYAL SPA
Parque do Golfe · T. 289 353 480
WELLNESS CENTRE FITNESS CENTRE
Parque do Golfe · T. 289 353 468
935
936
937
938
939
7
92
63
4
62
940
94
928
929
930
931
888
887
98
7
92
0
97 0A
97
987
986
06 7
10
5/ 9 90 8 9 11
0 9
9 2
90A
5 4 9 90
91 13
9
90903 2
14
90
9
5
91
6
91 7
91
8
91 19 0
9 92
956
955
954
953
952
951
950
957/8
8
8 8 99
89 97 98
6
9
92 27B
92 6
5
92
92 4
3
22
1
23
21
24
21
25
21
USEFUL NUMBERS
António Tá Certo Restaurant
Vale do Lobo Emergency line
(medical emergency, fire, or robbery)
T. 289 354 444
Vale do Lobo Reception/Switchboard
T. 289 353 000
International direct dial | T. 00 351
111
Petrol
Station
Loulé
A22
Loulé
N125
EN396
Canham
Vet
Casavostra
N125
Chemist Nobre
Passos
Apolónia
Supermarket
Petrol
Station
Petrol
Station
N125
ALMANCIL
Petrol
Station
Vilamoura
Albufeira
Sushi-Ya
Casa do
Campo
EN396
Pequeno
Mundo
Quarteira
Quinta
Verde
Sr.
Frango
Don
Giovanni
Petrol
Station
Parilla
Natural
Gourmet
Natural
Alambique
Pinetrees
Riding Centre
Quinta
Jacintina
Quarteira
Fazenda
Santiago
Fonte
Santa
Vilas
Alvas
Vale do Lobo
Medical Centre
Paixa
VALE DO
LOBO
Vale do Lobo
Golf Club
Dunas
Douradas
Dunas Douradas
Beach Club
BJ’s Oceanside
Le Méridien
Dona Filipa
Praia de Vale do Lobo
Maria's
Julia's
Izzy's
Praia das Dunas Douradas
N125
Faro
Airport
Laranjal
Golf Club
Faro
Airport
Valverde
Conrad
Algarve
Buganvilia
Plaza
Pinheiros Altos
Golf Club
Quinta
Shopping
Pinheiros
Altos
Four Seasons
Country Club
Jim Stewart
Tennis Academy
Four Seasons
Fairways
Quinta do Lago
Golf Club
Quinta do Lago
Medical Centre
QUINTA DO LAGO
Monte da
Quinta Club
Vilar do Golf
Varandas
do Lago
Vale dos
Pinheiros
Clube do
Ancão
Vale do
Garrão
Lakeside
Village
San Lorenzo
Golf Club
Encosta do
Lago
Watersports
Centre
Salinas
Country Club
Quinta do
Mar
Victory
Village Club
São Lourenço
Village
Casa do
Lago
Hotel
Quinta do Lago
Quinta das
Salinas
António Tá
Certo
2 Passos
Gigi's
Praia da Quinta do Lago
113
LITTLE
BITES
OF
PORTUGAL
Fine delicacies as
intimate tapas
Tel: +351 289 394 699
[email protected]
www.paixarestaurante.com
115
Quinta do Lago and Vale do Lobo Property Guide 2015/16
11th Edition
Avenida da Gondra, Quinta do Lago, 8135-162 Almancil, Portugal. Tel: +351 289 396 073 Fax: +351 289 398 086 Email: [email protected]
www.quintaproperty.com
Independent property consultants specialising in the Quinta do Lago and Vale do Lobo area. Licence No. AMI – 1252 

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