Quinta do Lago Golf Titles availableBy Frank Schmitz • Jul 10th, 2008 • Category: Golf, Quinta News
Golf titles are available for a limited period at the Quinta do Lago golf club. Please read the official Clube do Golfe da Quinta do Lago announcement.
– IMPORTANT INFORMATION –
Memberships for Property Owners & Other Golfers
A limited number of additional Member’s Titles are now available to owners of property within Quinta do Lago, as well as for golfers who do not own property within the resort.
THE NEW DEAL
The Golf Club and the resort owners, Quinta do Lago SA, have agreed a series of important new arrangements that will commence immediately.
- The present clubhouses will be demolished and be replaced by a state of the art construction housing both the golf club and Sociedade de Golfe in separate but adjoining facilities.
- A limited number of Member’s Titles will be sold at the old price of €120,000after which the price will be increased to €135,000.
- As soon as the Club takes possession of the new clubhouse the purchase price will be increased to €150,000.
PROTECTING YOUR PROPERTY INVESTMENT IN QUINTA DO LAGO
The number of certificates to be issued is limited to 550 in total and when that limit is reached future applicants will be placed on a waiting list and will only be eligible for membership as and when vacancies occur. That will mean that there are 550 certificates to share amongst approximately 1500 freehold properties on the resort. If you, as an owner, do not have a certificate by this stage it may be very difficult to procure one in the future, and that may have serious repercussions on your ability to maximise your property investment value in the future.
LAST CHANCE FOR NON-PROPERTY OWNERS
If you do not own a property on Quinta do Lago, then you have a last chance now to purchase a Member’s Title. This is a rare opportunity to gain access for life to two of the best golf courses in the Algarve. Title sales to ‘outsiders’ were blocked from 1988 through until last year, and it is likely that, as we approach the end of new certificate sales, access to ‘outside’ titles will once again be seriously restricted.
For further information www.cgql.com