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Vilamoura – Portuguese Masters Spotlight Property Investment Potential
In the autumn of 2007, from October 18 to 21, the Victoria Golf Club in Vilamoura hosted the Portugal Masters Golf tournament, which was won by the British Steve Webster. It was the third European Tour event held in Portugal in 2007 and was a real testament to the country’s growing involvement in the world of golf.
Now the envy of most other European countries, Portugal is investing a significant €50m (around £33m) in promoting its golfing opportunities internationally, and Portugal is fast becoming a destination for golfers from around the world.
The Portugal Masters, which offered a purse of more than €3m (around £2m), was one of the richest on the European Tour and attracted a selection of very famous players, not to mention the world press. Victoria Golf Club has realized its potential as one of the best in Europe. Designed by Arnold Palmer two years ago, Vilamoura’s Victoria, the fifth course to be added to the Vilamoura complex, has matured and developed for this major tournament. However, just over a year after its completion, it hosted the WGC World Championship and golf television viewers around the world realized what an impressive course had been created and what a golfing destination to visit.
However, what impact will this have on property investment in the Vilamoura area?
The resort of Vilamoura has always provided a high-energy environment and continues to offer a range of leisure activities including water parks, dolphin/whale watching, sailing, surfing, windsurfing, water skiing, diving, paragliding, jet skiing, motor boat hire, Inshore/deep sea fishing, boating, tennis, horse riding and cycling.
Vilamoura Marina has a very wide range of stylish bars, restaurants and designer shops and casinos, while the whole area reflects a high-class atmosphere, far from the typical package holiday. After dark, the Marina is brightly lit and is the perfect destination for waterfront restaurants and a vibrant nightlife. You will experience a cosmopolitan and upscale experience while gazing at the multitude of luxury yachts around the millionaires’ waterfront.
Marina and Falesia beaches are Blue Flag (the highest possible European standards for safety and cleanliness), both have very gentle slopes into the sea (perfect for children) and are massive – so crowds are never a problem! As such, the area remains high on the list of places to visit, meaning vacation rental properties for sun worshipers and golfers will remain high throughout the year. Investors buying rental properties during the holiday season are still confident in their profitability.
Even with the emergence of Eastern European destinations offering low-cost investment, Portugal’s Vilamoura, with its manicured lawns and verges, choice of high standards of golf, stunning beaches and, not least, weather, would not be relegated to yesterday’s news of real estate.
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