QP Savills proudly present
Marriott’s new W Residences, Algarve
By Kerstin Buechner, Director QP Savills
QP Savills are one of the largest property agents in the Algarve with a long history and unrivalled expertise in dealing with top properties across the coast. They have been Savills associates for over 20 years and have four local offices. Owners, directors and sisters (and usually best friends) Kerstin Buechner and Alison Hojbjerg could not be more proud of their team of 22 Special Agents, as they have become known. Alison remembers, “When we started over 20 years ago out of a small office in Quinta do Lago we were three people and all shared one computer.” All these years later, and with a lot of hard work, commitment to excellence and providing a truly first-class service, things are a little different. With careful yet determined strategy for growth, their impressive 500m2 head office in Quinta do Lago is now joined by an office in Vale do Lobo, another in an impressive historical building in the centre of Loulé and the newest pearl in their chain is an office at Marriott’s new W Algarve, where they are the privileged exclusive agents tasked with selling the exciting new W Residences.
Located waterfront to some of the most iconic beaches on the coast including Evaristo, Marriott’s W Algarve is the most exciting new development to arrive in the Algarve and listed in Forbes to be one of the most exciting new hotel openings worldwide! Here, it is set to ignite the local scene with trendsetting style and innovative luxury design. The resort will have 134 stylish hotel guest rooms and suites, extravagant 5-star facilities and a full range of culinary experiences. Kerstin continues with pride, “The development includes 83 W Residences; one, two, three and four-bedroom which we launched in early summer 2019 and the project is currently the fastest selling development in Europe”.
Developed by Nozul and now well under construction and due to open its doors in spring of 2021, sales started well from the launch and even during lockdown the project has attracted an unprecedented amount of enquiries. Phase 1 was sold quickly and what is also really interesting is the profile of the buyers.
Many are relatively new to the Algarve but often huge Marriott fans and the development’s beachfront location, and unrivalled plethora of facilities, restaurants and W style entertainment are a big draw. The buyers are generally well-travelled young families who appreciate top quality facilities and services and couples in their 50s and 60s looking for a fully serviced residential community with everything at their doorstep.
Prices start at Euros 555.000 and go up to Euros 2.850.000 for the larger units.
The Residences are Golden Visa and NHR friendly and with the recent travel restrictions, we are delighted to be receiving much attention from the Portuguese market with wealthy families from Porto and Lisbon showing more and more interest.
If you would like to have a personal tour of the W Algarve or take a virtual peak, call us! Our team are at your service and more than happy to show you around.
The property market in the Algarve has gone from strength to strength. Over the past three years QP Savills have sold a number of large properties in the Quinta do Lago and Vale do Lobo area for over Euro 18.000 per square meter. This is an important milestone for the country’s property market and represents values not seen before nationally. Price tags of over Euro 10 million are now more and more common, with standards of construction and design able to compete with the best in the world.
In a world where safety and security, accessibility and world-class facilities are in high demand, no wonder Portugal features prominently on the world travel map. No wonder the likes of Marriott and world-class developers have set their sights on Portugal.
In conclusion, Alison says, “We are excited about growing our business. We are fully committed to maintaining the high standards of service which we have developed over the past 20 years and we are delighted to be the chosen sales agents for Marriott’s new W Algarve Residences.”
T: 351 289 396 073
W Residences Algarve are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). Nozul Algarve S.A. uses the W marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein.