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Property News Summer 2018

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GOLF, BEACH AND FAMILY RESORT

Apartments · Villas · Plots

THE OFFICIAL REAL ESTATE TEAM

The multi-lingual Official Real Estate Team are specialised in understanding the unique needs of clients within the resort. Using their considerable knowledge and years of experience, they are able to find an ideal property solution for every client and are able to showcase a wide range of exclusive listings within Vale do Lobo. Call us today or visit us at the Parque do Golfe and Praça Sales Offices. Tel.: +351 289 353 101 · E-mail: realestate@vdl.pt · www.valedolobo.com

WHY CHOOSE US?

We are able to introduce to you to the unique and welcoming Vale do Lobo community

You will have access to our portfolio of Vale do Lobo properties and plots

We are able to share our unrivalled knowledge of Vale do Lobo with you

You will benefit from us always going the extra mile to ensure the very best deal and conditions

You can relax knowing that we will be with you every step of the way, even if later you decide to upgrade or sell your property

Our team is able to work closely with the other departments of Vale do Lobo to get the best possible conditions across the resort You gain access to exclusive advantages only the Official Team can offer!

VALE DO LOBO IN BRIEF

Founded in 1962, Vale do Lobo is today the largest luxury resort in Portugal with 450 hectares, and 1500 properties in a unique location by the sea.

Beach

2km golden beach

Golf

Two 18 hole golf courses, the Royal and the Ocean Tennis

One of the largest tennis facilities in Portugal: 14 courts, 2 padel courts, gym and swimming pool

Shopping

Boutique stores, supermarket, newsagents, golf shop, wine shop, hairdresser

Restaurants and bars

15 restaurants and bars

Wellness

Royal Spa, Fitness Centre, Medical Centre Beach complex (Praça)

Communal pools (adult & children), Live music during the summer, children’s entertainment

Other facilities

Conference facilities, car rental, bank, post office, car valet, art gallery

Other services

24 hour reception 24 hour security vigilance and medical assistance, internal resort bus, property management, property maintenance

Who OWNS A PROPERTY in the resort? OWNER PROFILE

Around 10% of property owners are permanent residents (150 families) helping to create the strong community feeling in the resort and supporting the continuous activities and events.

AREAS OF BUSINESS

REAL ESTATE

PLOTS OF LAND

with golf and sea views

Choose from exclusive beachfront and golf-front locations within the resort, and build your own dream home.

OCEANO CLUBE

A SELECTION OF PROPERTIES

Apartments and villas

There is a wide choice of property within the resort from the Official Real Estate Team either for a permanent or holiday home.

VALE REAL

PROPERTY MANAGEMENT

A full property management service for owners and an exclusive guaranteed investment return package on selected properties.

An exclusive beachfront location with plots for custom-built villas.

Plot sizes from 650m2 to 4,500m2 Plot prices from €1.300.000

RENTALS

Choose from a wide range of accommodation options for the perfect Vale do Lobo holiday, from exclusive luxury villas to family friendly apartments.

TOURISM

24 HOUR RECEPTION

Help and assistance 24 hours a day for everyone. The Vale do Lobo reception helps with all needs, from arranging transport to organising babysitting services.

GOLF CLUB

GOLF

LEISURE

The Vale do Lobo Golf Club is one of the most active in Portugal, with competitions being held on the resort courses every single day. Open days, club competitions, tournaments and events help to build the strong community spirit within the club.

BEACH FRONT COMPLEX

Relax by the swimming pool or on the beach before enjoying the restaurants, bars, shops and entertainment in the beach front complex – the Praça – throughout the year.

Prime real estate in a golf front location with detached plots for custom-built villas.

Plot sizes from 840m2 to 1,600m2 Plot prices from €1.150.000

HOLIDAY PACKAGES

Combine a holiday in Vale do Lobo with golf, tennis, spa treatments or special promotions with one of the resort holiday packages.

CORPORATE EVENTS

The Vale do Lobo Auditorium offers a dynamic and modern space for corporate events including meetings and conferences.

OCEAN GOLF COURSE 18 Holes · Par 73 · 6,137m

EVENTS

Year round events including live musical performances, art exhibitions, children’s entertainment, concerts, charity events and cultural activities.

GOLF COURSE

Holes · Par 72 · 6,059m

WELLNESS

A state of the art gym, calming wellness centre, health and beauty treatments, medical centre and dental clinic for total wellness.

BUYING A PROPERTY IN PORTUGAL

Non Habitual Residents (NHR)

This regime allows for tax exemption on almost all income from foreign sources and a flat income tax rate of 20% on the majority of revenue sources, such as salaries. Some other advantages of this special tax regime include:

• Tax exemption on pensions

• Tax exemption on inheritance

• Tax exemption on capital income

• Tax exemption on dividends and interests

Investment advantages Property Taxes & Costs

There are a number of costs related to buying property in Portugal that you need to budget for. In order to help you make your decision, we have collated some important information which you should be aware of when buying and owning properties in Portugal.

Property Purchase Tax

(IMT)

Purchase Transfer Tax is a property purchase tax which is to be paid by the buyer before completion. It is calculated by the higher value of either the value of the deeds (sales price) or on the VPT (Valor Patrimonial Tributário - rateable value of property attributed by the tax authorities to calculate property taxes).

IMT rate is variable and depends on the type of property and the value of the property -according to a sliding scale, varying between 1% and 8%. For urban plots for construction, the tax rate is fixed at 6,5%.

Stamp Duty, Notarial, registration fees and Legal fees

The stamp duty is calculate at 0,8% of the declared value of the deal. In the event that the sales price is lower than the VPT, the tax is calculated based on the highest amount.

Notarial and registration fees are generally circa €1.500.

Portuguese Residency Visa Permit –– The Golden Visa

This special residency card is aimed at any non EU nationals who are looking to gain a visa to allow free travel in the European Union and Schengen Countries.

The Golden Visa is granted to individuals who:

• Buy a property in Portugal of a value equal to or greater than €500.000.

• Complete a minimum period of stay in Portugal of 7 days in the first year

• Complete a minimum stay of 14 days during the subsequent periods of 2 years

• After the 6th year a definitive permit shall be issued with the opportunity to apply for Portuguese citizenship

Annual council tax on real estate property (IMI)

The IMI tax is payable annually. The tax is calculated upon the taxable value (VPT) of the real estate property. The IMI rate is determined by the competent Municipality Assembly for the next year. The applicable rate ranges between 0,3% and 0,45% for urban property and 0,8% for non-urban properties.

Additional Municipal Property Tax (AIMI)

The AIMI is applicable to apartments, houses and plots for construction, excluding non-urban properties and properties of commercial/ service nature.

The taxable value to which the AIMI relates is the sum of the Taxable Patrimonial Value (VPT) of the properties held by each taxpayer, as of January 1st of each year.

The AIMI is applicable when the sum of the VPTs is over €600.000 for privately owned properties as follows:

• Sum of VPTs from €600.000 to €1.000.000: rate of 0,7% applies on the difference.

• Sum of VPTs above €1.000.000: rate of 0,7% on €400.000 + 1% on the value in excess of €1.000.000.

• Company owned properties: rate of 0,4% on the total value

Taxes applicable to buying, selling and owning property in Portugal

Capital Gains Tax

All acquisition costs can be offset against future capital gains tax liabilities (currently 28% for non-residents and 25% for companies (non-resident) as so are some refurbishments and improvements made to the property, providing they are properly documented, so it is important to keep and file records carefully.

Inheritance Tax

There is no inheritance tax in Portugal for non-residents and for immediate family. On gifts a 0,8% stamp duty is calculated on the VPT. In other cases, a 10% stamp duty will be applied

Mortgages in Portugal

Mortgages for property in Portugal are normally available for up to 75 percent of the value of the bank valuation (loan to value LTV). This generally means you’ll need to find a 25 percent deposit and be able to prove your income. Mortgages in Portugal are available over periods of between 5-30 years. Lending criteria & rates vary between mortgage companies.

Note: The above information is in accordance with the official information available at the date of issue. For specific advise you should contact a lawyer or tax advisor.

PEACE OF MIND

As a property owner in Vale do Lobo you are able to benefit from complete property management and maintenance services offered directly from the resort, allowing for complete peace of mind and the chance to enjoy many discounts and privileges.

Contact the Official Vale do Lobo Real Estate team to find out more about becoming a property owner and a Resort Member – your first step to becoming part of the Vale do Lobo community.

• Security every day of the year and 24 hours a day

• 24-hour front desk services for Owners, family and guests

• Free use of Internal Resort Bus

• Exclusive access to the Club of Clubs members’ lounge Dedicated Reception desk · Business Centre

• Exclusive discounted golf prices

• Discounts and privileges Wellness Centre, Tennis Academy, Kids Club, restaurants, bars and shops

• Free use of Swimming pools at the Praça and Tennis Academy

• Access to a wide range of Property

PORTUGAL'S REVIVAL

REACHES TURNING POINT

WORLD & EUROPE’S BEST GOLF DESTINATION FOR THE FOURTH

IN A ROW

SOURCE: REUTERS

70% OF ALL GOLF ROUNDS ARE PLAYED IN THE ALGARVE

SOURCE: ATA

21M

OVERNIGHT STAYS IN PORTUGAL IN 2017

SOURCE: INE

PORTUGAL RANKED NUMBER 5 IN THE WORLD AS THE BEST PLACES TO BUY REAL ESTATE

BEST VALUE DESTINATION (CONTINENTAL EUROPE) & BEST DESTINATION (EUROPE)

ALGARVE VOTED WORLD’S BEST PLACE TO RETIRE

NUMBER OF TOURISTS STAYING IN PORTUGAL IN 2017 8.9% SOURCE: INE TOURISTS IN PORTUGAL

8 OUT OF 10 TOP BEACHES IN PORTUGAL ARE IN THE ALGARVE SOURCE:

A SELECTION OF PROPERTIES

Plots, apartments, linked and detached villas

Dune and NatureViews

€1.415.440 • CODE 2095

Some of the last true beachfront land available in Portugal; Oceano Clube at Vale do Lobo directly overlooks the Atlantic waves and is flanked by a stunning nature reserve.

Set within a quiet cul-de-sac this plot offers a privileged location and is just a short walk from the golden sands of the beach.

Additional beachfront plots available. Plot sizes from 650m2 to 4.500m2. Plot prices from €1.300.000 Ask us for details.

€1.935.960 • CODE 3607

Lakeside Location

Vale Real is the latest luxury development to be released by Vale do Lobo Algarve, offering a spectacular location along the Golf Course and the opportunity to build a bespoke property on one of its exclusive plots. This prestigious plot enjoys a highly sought after lakeside location as well as being frontline to golf, offering you the chance to create a statement of luxury living within a haven of tranquility.

Additional golf-front plots available.

Plot sizes from 840m2 to 1.600m2. Plot prices from €1.150.000 Ask us for details.

Imagem Detalhada . Vistas
Zona Piscina

€3.800.000 • CODE 156

Traditional style villa with unique position within a sought after area of the resort, benefiting from the elevation of the plot and the views towards the ocean.

Unique Sea Views

€8.000.000 • CODE 154

This magnificent five bedroom villa enjoys breath-taking views of the Atlantic from its privileged elevated position. Neighbouring this amazing property is a separate plot of land with an additional 2.630 sqm, also available for sale.

€4.950.000 • CODE 100

This elegant four bedroom detached villa sits on an elevated plot offering sea and golf views from its tranquil setting.

Contemporary Villa

€5.500.000 • CODE 155

An exceptional four bedroom villa with fantastic fittings and finishings and a strong contemporary design feel. The villa is located in an exclusive area of the resort and has beautiful sea and resort views, accentuated by the sweeping windows throughout the property.

€2.500.000 • CODE 152

This four bedroom villa is located in an exclusive and sought after area of the resort by the Royal Golf Course and within walking distance to the beach. It is an opportunity to develop a brand new property taking advantage of its fantastic views, or a refurbishment making the most of its quaint look and design. Neighbouring this amazing property is a separate plot of land with an additional 2.178 sqm, also available for sale and development.

Outstanding Plot of Land

This exceptionally spacious plot of land is located in a private and sought after area of the resort. With remarkable dimensions, this plot of land takes full advantage of its elevated position and views whilst upholding its privacy. An amazing development opportunity in the heart of Vale do Lobo and within walking distance to the beach.

Amazing Ocean Views

€4.100.000 • CODE 146

Fantastic four bedroom villa located in Oceano Clube benefiting from amazing views down to the coastline.

A luxury villa with natural light, open spaces and amazing landscaped gardens, offering an enviable lifestyle by the beach.

This lovely five bedroom villa offers privacy and seclusion yet is within easy walking distance of the club house and supermarket. The single storey property nestles within a lush, mature landscaped garden and affords good views to the golf course from the roof terrace.

Apartment with Golf Views

From €830.000 • CODE SP13

This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation. Situated adjacent to the 12th hole of the Royal Golf Course, the apartment is conveniently located for all resort facilities.

From €750.000 • CODE SP11

This three bedroom duplex apartment is located within easy walking distance of the Tennis Academy and centrally located to access all resort facilities.

Apartment with Pool

From €950.000 • CODE SP17

This two bedroom Margarida Apartment is a luxury property offering the highest standards of accommodation, combining classic and contemporary design. Situated adjacent to the 12th hole of the Royal Golf Course, the apartment is conveniently located for all resort facilities.

Fantastic Golf Front Location

This charming classically designed one bedroom villa is located alongside the Ocean Golf Course and benefits from lovely views over the golf course.

Well Located Studio Apartment

From €400.000 • CODE SP3 From €250.000 • CODE SP10

This light and airy studio apartment is conveniently located within walking distance of the Tennis Academy and beach.

Two Bedroom Villa

From €1.090.000 • CODE SP22

This two bedroom Royal Golf Villa is an ideal lock-up-and-leave home, intertwining traditional architecture with contemporary lines. Situated in a quiet area of the resort alongside the 12th hole of the stunning Royal Golf Course, it offers easy access to all resort facilities.

CERTIFICATE IN PROGRESS

Fabulous Three Bedroom Apartment Golf View Villa with Pool

This fabulous three bedroom apartment is located in the Royal Golf Development. It is beautifully furnished and finished to the highest standard with natural stone and wood, ceramic tiling and wooden decked exterior. An attractive

Golf Front Villa

€730.000 • CODE 096

This beautiful linked villa is located in the Royal Golf Development, alongside the 12th fairway of the famous Royal Golf Course. Enjoy the al fresco lifestyle outside in the fenced garden, on the terrace with barbecue area or by the swimming pool of this impressive villa.

Three Bedroom Apartment

€559.000 • CODE 325

This comfortable three bedroom apartment is well located in front of the Tennis Academy within walking distance to the Clubhouse. An ideal location for a tranquil holiday home.

South Facing Linked Villa

€650.000 • CODE 235

This bright three bedroom linked villa offers spacious well laid out accommodation. Located opposite the Tennis Academy, it is within walking distance of the beach and convenient for all resort facilities.

€550.000 • CODE 237

This three bedroom linked villa is set within a quiet area of the resort, within a short walk of the Tennis Academy and offers easy access to all resort facilities.

Charming Two Bedroom Apartment

€395.000 • CODE 024

This charming two bedroom duplex apartment enjoys views of the surrounding area and is located within a few minutes’ walk of the Tennis Academy.

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Property News Summer 2018 by Vale do Lobo Algarve - Issuu