PROPERTYAn eye forTHE SPECIALISTS’ VIEW ON THE ALGARVE LUXURY PROPERTY MARKETNew Loulé Office EditionEyeKEEPING ANON THE MARKETfor you...White Stork (Ciconia Ciconia) Like our clients, Storks were originally migratory, but due to the fabulous climate in the Algarve, more and more of them now stay all year. They are also known for their beautifully located large nests.New Loulé Office EditionQP SAVILLS • AN EYE FOR PROPERTY • CONTENTSWWW.QP.PT56 Welcome With Kerstin Buechner and Alison Hojbjerg10 The Team Meet the Loulé team8 From Strength to Strength Savills Head of Operations, Global Residential talks us through the past year14 Market Report Market Reports from QP Savills17 Need to Know Before you buy or sell30 Found a Site for your Dream Home? The steps to creating your home in the Algarve - from scratch34 Education in the Algarve A guide to international schools in the central Algarve area36 W Residences Algarve Fastest selling branded development in Europe38 The Algarve A snapshot of what makes the area so special40 Developments within the Algarve A look at resorts throughout the Algarve44 Across the Algarve Property Portfolio A selection of stunning properties available through our Loulé office58 Quinta do Lago Property Portfolio A sample from our Quinta do Lago portfolio60 Vale do Lobo Property Portfolio A selection from our Vale do Lobo portfolio62 Savills International Property Portfolio Featuring some of the properties Savills is currently promoting from around the globe.66 The QP Offices Contact details for our officesEditor Kerstin Buechner Director QP Savills QP Savills 25 Avenida da Gondra 8135-162 Quinta do Lago Portugal +351 289 396 073 info@qp.pt www.qp.pt Design & Production TBC Publishing +44 (0)1763 810045Published by TBC Publishing Limited, Telephone: +44 (0)1763 810045. ©TBC Publishing 2021. All rights reserved. Reproduction is forbidden except by express permission of the Publishers. The content of this guide is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. TBC Publishing Limited cannot accept responsibility for any omissions or errors. Page 39 Loulé image: amnat30/Shutterstock.com.PROPERTYAn eye forContentsWWW.QP.PT6QP SAVILLS • AN EYE FOR PROPERTY • WELCOMEQP SAVILLS • AN EYE FOR PROPERTY • WELCOMEWWW.QP.PT7Welcome!To our new Property Guide - The Loulé Edition*Digital nomads are people who use telecommunications technologies to earn a living and, more generally, conduct their life in a nomadic manner. Such workers often work remotely from foreign countries.Property has become an increasingly important asset class and sanctuary. It is estimated that over the last two centuries, about 90 per cent of the world’s millionaires have been created by investing in real estate. Today, it is estimated that UHNWIs invest approximately 27% of their total wealth in property. After asking our clients, we would suggest that this figure is low and that among our clients the figure is between 50 to 70%. Maybe our clients just love property as much as we do. But on a more serious note, the past year has made most of us take a closer look at our homes, how we live, and where we live. Many of us who would never have considered working from home are doing just that and have joined the global trend and become digital nomads.* Over the past 12 to 14 months we have observed that well over 65% of our existing clients and buyers want to significantly increase the amount of time they spend in Portugal with many of them wanting to establish residency. For many, 2020 has crystallised the importance of home, health, lifestyle and freedom and evidently the Algarve seems to fit the bill. In 2020 we enjoyed record property sales of over Euro 146m in the central Algarve alone. For a full market report please turn to page 14. Local property is in demand and none more so than property at the very top of the market. In this Guide, we have tried once again to explain the local property market. How to buy and sell, the legalities, taxes, legislation, visa options not only for non-Europeans but now also for the British. We have tried to provide you with the very best information you need to make good decisions. And of course, we have included a small selection from our property portfolio to tempt you. We very much enjoy what we do and we would like nothing better than to help you enjoy your property dealings here in the Algarve. We are a local company with over 22 years of experience in the luxury property sector and as chosen Savills associates, can give you the best local service with a truly global reach. With great thanks to our loyal clients and our whole team, expertly led by our Director of Sales Jamie Robinson and Loulé Branch Manager, Kimberley Tucker, we could not be more proud of our company and what we have achieved together. We look forward to continued successful relationships and also to forging new ones. If you are in need of some very Special Agents, please call us!Kerstin Buechner & Alison Hojbjerg Owners, Directors and Sisters QP SavillsQP SAVILLS • AN EYE FOR PROPERTY • FROM STRENGTH TO STRENGTHWWW.QP.PT8Hugo Thistlethwayte Head of Operations, Global ResidentialOver the past year our homes have become more important than ever as the global pandemic made us re-evaluate how and where we live. Beautiful natural surroundings, clean air, privacy and security for our family along with generous living space inside and out: these are the attributes we now value most highly. These essential ingredients have always been on offer in the Algarve, a location where wonderful weather, five-star golf and leisure facilities and wide Atlantic beaches serve up the ideal healthy, outdoor lifestyle. Here at Savills we fully understand the Algarve’s enduring appeal, thanks in no small measure to Alison, Kerstin and their exceptional team at QP Savills. The Savills network spans over 600 offices and 70 countries but our longest continuous relationship, now in its 22nd year, is with QP. During that time our working relationship has become ever closer and we are immensely proud to be associated with them. They handle the very best homes across a wide price range and their unrivalled insight backed by detailed research and expert local knowledge provides clients with a truly bespoke service. QP Savills excellence is marked by their continuing success. Despite the global turmoil of 2020, last year was their second consecutive most successful year on record, a testament to them and to the magnificent homes and lifestyle along this golden stretch of southern Portugal. Last year, as well as welcoming new buyers, existing owners demonstrated a serious commitment to the region by choosing to upgrade their homes or buying a larger property. From their four office locations, QP Savills sell elegant villas, rural estates, properties beside golf courses or with a waterfront view, new-build contemporary apartments or resort homes with world-class leisure facilities and services. Elite resorts, headed of course by Quinta do Lago and Vale do Lobo, were the original heartbeat of the Algarve and continued investment have kept them at the top of their game. Superb villas designed by visionary architects, training facilities that bring top-flight international sportsmen and women and restaurants from Gigi’s on the beach to fine dining at Casa Velha are all part of the attraction for international buyers. The appeal of the Algarve goes even further. W Residences Algarve in Albufeira have brought branded residences to southern Portugal for the first time, adding a seductive contemporary swagger to the region’s more traditional architecture. Meanwhile in Loulé, home to QP’s newest office, the focus is on beautiful homes outside of the Quinta do Lago and Vale do Lobo areas, but all still within swift reach of Faro airport and the coast. In the first 18 months of operation, the Loulé office sold almost Euro 20m worth of properties – another indicator of the post-pandemic race for space. QP Savills are the market leaders, adept at matching clients’ needs to their ideal home. So whatever your property priorities and aspirations, trust them to give you the very finest advice and assistance. The Algarve is their patch and they – and their properties – are simply the best.FROM STRENGTH TOStrengthNext >