Why invest in algarve

The Algarve is Portugal’s leading tourism destination with more than 18 million overnight stays and the region’s supply and demand keeps growing and breaking constantly all records. The region is positively evaluated and recommended by 90% of its tourists known for having more than 300 days of sunshine, laidback lifestyle and hospitality of its citizens, healthy gastronomy, world-class golf courses, Michelin-starred restaurants and other well seasoned facilities, beautiful beaches and pristine sea line.

With more than 100,000 foreign residents living in the Algarve, the region is, since the 1960s, one of Europe’s overseas real estate destinations. And when it comes to manage your property, or if you’re looking for a local asset manager in order to take advantage of the current economic trends, then Carvoeiro Clube Group is the obvious partner.

• The Algarve is the region with the highest real estate prices (an average of € 1,450 € / sqm) having increased by 10.4% in the 3rd quarter of 2017; yet the real estate sector never registered so many transactions like in 2017;
• Flexible incentive packages for foreigners through the Golden Visa program that grants non-EU citizens a residency permit when investing above € 350,000 and the possibility to qualify as potential beneficiaries of the Non-Habitual Residents tax residence regime;
• “No foreign ownership restrictions, stunning cliffs, ocean views and picturesque beaches, a prime waterfront spot for international homebuyers” (in CBS News)
• International airport with direct daily flights to most European capitals;
• Part of the European union since 1986, Portugal is the 7th OECD country with the lowest level of costs and taxes making it one of the less expensive destinations to live in Europe;
• Economy in fast recovery and positive outlook expecting to grow between 1.5% and 2% until 2020;
• Top notch accessibilities having one of the world’s top 10 for best road networks, and the Algarve is only a couple of hours driving from Lisbon, the European capital with the lowest homicide rate, Europe’s safest capital;
• The country has one of the most advanced recycling systems and close to 60% of its electricity generated by green renewable sources.
• Labour costs and business related costs are significantly lower as compared to other Western European countries.

• Largest company in Lagoa, rapidly expanding to other municipalities in Algarve;
• The company built its solid structure over the past 35 years with +200 employees;
• Managing currently more than 400 villas and apartments throughout 9 resorts with 2 more under construction;
• Growing organically, by acquisition and asset management contracts;
• Consolidated group’s EBITDA growing at 20% year on year;
• Current development pipeline worth € 50 million.