Resorts

The number of residential properties transacted in resorts skyrocketed by 70% in 2021 compared to 2020. In fact, the numbers of sales have already exceeded those in the pre-pandemic year 2019 by [...]

A Portuguese real estate development firm is to develop a new luxury tourism resort project on the Tróia peninsula near Setúbal. The developer plans to invest €116 million in a resort including a [...]

Novobanco has sold properties belonging to a luxury resort in Cape Verde which owed €90 million to now extinct Banco Espírito Santo (BES). The company that had owned it, developer Tecnicil had [...]

Covid-19 has given overseas locaters even more appetite to move to Portugal. The big difference is that residential house buyers in resorts want properties in low density areas say pundits. [...]

The Arab sheik Mohamed Bin Issa Al Jaber who is the owner of JJW Hotels & Resorts which has hotels and golf courses in the Algarve, has invested €42 million in the holiday region. His group [...]

Portugal’s banking sector has announced the real estate sale of the year by selling off an entire portfolio of luxury hotels to the Davidson Kempner fund The asset management entity has bought [...]

One of the biggest potential real estate deals in Portugal this year is reaching its decisive phase. David Kempner and the Bain/Cerberus consortium have submitted firm offers for the ECS [...]

The Spanish fund Azora has just purchased its third hotel in Portugal. After having bought two Tivoli hotels, the company has now added the five-star Vilalara Thalassa Resort at Porches in the [...]

Every euro invested by overseas buyers in residential property in Portugal generates €7 in the Portuguese economy for the next five years. This is according to a recent study from the Portuguese [...]

The coronavirus pandemic initially rattled members of the Portuguese Association of Resorts (APR) as they feared lockdown, travel restrictions and a continuation of restrictions this year would [...]