There are some really exciting listing being added to our selection of Algarve Properties, with some really contemporary looking houses in amazing locations close to the Atlantic Ocean. Throughout the selection we are currently listing there are also some interesting plots with pre-approved plans that will enable prospective owners to embark on the construction of their new Portuguese residence almost immediately. There are some exciting things happening within this area currently that are bringing the spotlight to this region.
There has recently been a motorspot circuit constructed in Portimao that is starting to stage some serious events, the Formula One organisation is seeing some constructors using the track for testing and there are actual super bike competitions being held there. The Radisson hotel group is doing something interesting, by allowing individual investors to actually buy rooms within their new hotel, giving them a guaranteed yield and return based on occupancy levels. Given the current lack of traditional finance at developers diposal this is an ingenious way of getting funding.
We are also in the process of starting to list whole developments in the area up for sale, that will give investors a quick entry into the marketplace there. We also have some great plots of land that have had planning consent to construct both commercial and residential projects. Over the next few months we hope to have over 700 high end villas added to our site, coupled with some really interesting investment oppotunities. I have included a photo of a possible construction that could take place on an existing villa plot, I think you will agree that if someone takes up this contemporary design they will have a truly amazing house!