Summer has arrived and the beach umbrellas are going up! The perfect time to announce that 298 beaches in Portugal have recently been awarded with The Blue Flag.
This is a prestigious award given by The Blue Flag Foundation who work towards the sustainable development of beaches and marinas by enforcing a strict criteria which involves: water quality, environmental education and management, safety and other services.
This week we are doing a feature on countryside properties in the Algarve. These are very popular for buyers who are looking to find the perfect property away from the hustle and bustle of the city.
Countryside properties are located in a tranquil environment, surrounded by beautiful nature and flora. Some properties may even have distant yet amazing sea views.
First up we have a top floor apartment in a small attractively renovated block in the centre of Tavira with stunning sea views. We also have a 2 bedroom apartment in the center of Praia da Luz. A south facing living room with balcony, fully equipped kitchen and is completely furnished. An exclusive location with great letting potential.
The concept of charging UK capital gains tax on the disposal of UK residential property owned by non-UK residents was first mooted in George Osborne’s 2013 Autumn Statement.
The initial consultation regarding this capital gains charge was published on 28th March 2014, and closes on 20th June 2014. Once the responses have been digested, we expect draft legislation will be produced for further consultation.
From today it will take longer for a British buyer to get a mortgage with the introduction of the Mortgage Market Review (MMR) and some claim it will also be harder. There have been lots of headlines suggesting that applicants will be quizzed on what they spend on eating out, and even on hair cuts.
If you're thinking about buying a holiday home on the Algarve, then talk to the team at Ideal Homes Portugal.
We offer tailored viewing trips so you can experience the sunshine and beaches of our beautiful coast for yourself. Enquire on any of our properties for more details.
With Rightmove reporting today that price growth in London is now filtering out to surrounding areas in the south of England and therefore taking asking prices to record highs, it is perhaps time that experts will start talking more about a real estate bubble.
Figures for this year’s first two months confirm an upward shift in the property market in Portugal, according to data from the Association of Professionals and Real Estate Companies of Portugal – APEMIP.
The overall demand for real estate has risen 30% over the same period for 2013.
