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 All aircraft offered by NetJets® Europe are operated by NetJets Transportes Aéreos S.A., An EU air carrier. NetJets is a registered service mark. NetJets Inc. is a Berkshire Hathaway company. © 2015 NetJets Inc. All rights reserved. TELL US WHERE YOU WANT TO GO. WE’LL START THE ENGINES. Fly in the quickest, most comfortable way to 900 European airports, now that NetJets has pioneered certification for the Signature Series Phenom 300 to operate out of London City – all part of our determination to invest in easier, better access to all of Europe. Local access on a global scale. Just another reason NetJets is the worldwide leader in private aviation. Call + 44 (0) 203 131 2816 or visit netjets.com 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 info@ 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 14 33 B.1 33 Vale Real Real Estate plots/ properties available 33 Future 31 2 B. 31 3 B. .1 5B 31 5 6 B. 31 31A.3 3 B. B 35 7 B. 4 3 8 31 0 B.1 31 1 B.1 35 7 B. 35 35 2 18 69 1 69 0 387 385 630 497 624 625 623 622 621 619 495 618 Hotel Dona Filipa 84 841 0 83 839 8 8 8 37 83 36 85 854 83 5 85856 5 4 7 833 8 85 58 832 89 86 9 0 86 0 831 1 88 830 9 829 451 452 454/6/8 6 453/5 457 460 7 6/ 7 465 4 7/8 7 464/6/8 467 4 79 4 1 48 82 4 83 4 4 9 48 5 46 1 48 47 3 47 5 47 4 43 33 4 32 4 431 0 4329 4 MIRAMAR 74 74 0 7421 626 386 723 72 724 729 730 731 734 74 74 3 7454 746 747 748 749 629 449 627 450 628 498 631 728B 728A 728 733 727 7 726 3 739 8 732 725 737 736 735 499 382 384 7 500 496 620 018 A 018 717 718A 632 383 407 17 0 718 7 5 43 367 aC 443 8 472 ad 474 493 4343940 Travess 4 2 1 486/7 49 1 4442 3 488/9 4 44 4 49 472 44445 6 4444748 4 7 75150 75 6 752 758757 753 759 7 5 7 7554 7 60 76 61 7 7773 7 2 A 633 381 390 389 406/388 22 23 A 24 A 0 710 712 716 A 25 708 714 379/80 392/3/4 391 405 408 001 002 3 016 0004 015 0 5 00 ALDEIA SUL 635 14 374 375 376 377/8 698 635C 698A 707 700 635B 707A 702 635A 709 9 45 1 46 3 46 36 401 354 4 3 423 4 0 10 404A 403 404 409 5 8 634A 634 47 0/ 9 42 10 A 42 10 42 B 410 636 828 401 402 411 10492 89 9 1034 Avenida1059 3 7 4 9 106 4 13 3 8 88 78 10461045 13 301 867 77 1044 9 1010 85 880 76 1047 Rua 1 84 8 1 75 da 1112 83 2 7734 1043 1048 118117 re 11 jei 3 ras 1049 11615 4 11 155 1 11 1050 1052/52A 62 58 558 53 1051 63 6 6 567 52 1 0 55 51 6 654 1026 5 50 49 4 14 1053 1061 39 46 448 45 7 387 1064 44 1060 1054 025 3 024 332 1 5 3 3 0 28 224 1059 1055 1065 3 27 23 6 9 022 2 2 2 12 021/ 1058 2 14 20 1056 1068 023 019A 19 66 5 12 020 019 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