Quinta do Lago, a luxury resort in Portugal
Quinta do Lago is the most prestigious area in Portugal, accessible exclusively to wealthier owners. A resort opened in the 70s with a 27-hole golf course, in an area of 550 hectares divided into high-end residences. Currently there are 5 golf courses surrounded by properties with transaction values between 4 and 10 million euros, due to various factors, namely the fact that the resort is located in one of the best locations to live in Europa, with a climate of excellence, good political stability, five-star services provided by the resort, 24-hour security services, excellent quality infrastructure, and high-quality construction in large batches. The average size of a building plot in Quinta do Lago is approximately 2500 m2, compared to the resort of Vale de Lobo, where the average area of a building plot is approximately 1000 m2, a factor that causes the great difference of values between the resorts of Quinta do Lago and Vale do Lobo. Between the resorts of Quinta do Lago and Vale do Lobo, there is a continuous area close to the sea, with several urbanizations that have grown since the 1980s, having recently been recovered, gaining notoriety among investors with a budget of more than one million.
At Quinta do Lago resort, what are the different and best areas to live, the best places to invest, and what distinguishes them?
Quinta do Lago is composed of several distinguished areas divided by roundabouts, and known as Quinta do Lago South and Quinta do Lago North, bordering the two main areas of the resort from the 4th roundabout. The Quinta do Lago North located between the 1st and 4th roundabouts, is defined by being a quieter residential area, with streets surrounded by the nature of pine trees and golf courses. Place where we find several services that serve the Quinta do Lago resort, namely the Quinta do Lago golf club, the Quinta do Lago North golf course, the golf training course, the mini golf course , the post office , the gym “The Campus” , supermarkets and several restaurants.
Quinta do Lago South, located between the 4th roundabout and Ria Formosa, is defined as the residential area where there is more land for construction and houses with sea views, a place with more movement, due to the proximity of the coast, and the lake of Quinta do Lago, where we find some restaurants that attract visitors from inside and outside the resort, namely the Casa Velha restaurant, built from the existing ruin of an old farmhouse in the original Quinta dos Ramalhos (Origin of Quinta do Lago). Quinta do Lago South is surrounded by the Quinta do Lago South golf course, the San Lourenzo golf course and the resort’s large lake. The south side of Quinta do Lago culminates in the beach and in a privileged access to Ria Formosa, a protected natural park where we can enjoy nature in its purest state, on the way to Ludo, a trail by Salinas in Parque do Ludo where you can walk to the airport limits by a walkway over the Ria Formosa.
With regard to luxury homes in Quinta do Lago, the preference of the location by investors and residents is closely related to the characteristics of the properties, namely the size of the lots, sun exposure, construction details and other aspects related to the lifestyle of the owners. However, inside Quinta do Lago there are numerous villages that house private condominiums. These condominiums are distinguished by the characteristics of the properties, by the internal services, by the location within the mother resort, and by other aspects. The first condominiums to be built in 1986 were the Four Seasons Country Club and the Four Seasons Fairways. Since then until today, some others have followed, namely Vilar do Golf, Lakeside Village, Encosta do Lago, Pinheiros Altos resort, Reserva Quinta do Lago, Victory Village, Vale dos Pinheiros, The Keys, Martinhal Quinta do Lago Resort, and San Lourenzo Village.
In these examples, we highlight the Encosta do Lago, a development located within the Quinta do Lago resort, with independent management. Here we find building plots of around 1000 m2, detached villas with swimming pools and apartments. This is a good option for those looking for a detached house in Quinta do Lago with values up to 2.5 million euros.
- At Martinhal Quinta do Lago Lago resort (Former Monte da Quinta) we find a private condominium with “turnkey” properties, with detached villas with swimming pool, and semi-detached villas, with acquisition values below 2 million euros for detached houses on plots of 400 to 500 m2.
- The Residências is the condominium located closer to the Ria Formosa and the beach of Quinta do Lago, consisting of 12 semi-detached 4-bedroom villas. In our opinion, they are great houses, quite spacious.
- Four Season Fairways, a condominium of semi-detached houses.
- São Lourenço apartamentos is a condominium composed of apartments with good views, with different types of studios, one bedroom, two bedrooms and three bedrooms. The values of the apartments vary between 350 thousand and 1.5 million euros, depending on the type, location, and state of maintenance.
- Victory Village, apartments located close to the beach.
- Vilar do Golfe, a condominium managed as a tourist resort, consisting of semi-detached houses and apartments, where we find the medical center and the NOA restaurant. It is a condominium with a large outdoor and indoor pool, kids club, and restaurants.
- Lakeside Village is a condominium with a lot of demand. Like Victory Village and Vilar do Golfe, it is one of the oldest urban developments in Quinta do Lago. Composed of apartments, townhouses and detached houses. Here we find good options with a lake view and a golf view.
- Reserva is a new development at Quinta do Lago, consisting of 22 apartments with good finishes and an excellent location on the lake.
- Pinheiros Altos Resort, is a condominium located inside Quinta do Lago, managed by an independent entity. There is the Pinheiros Altos golf course, which belongs to the condominium composed of lots of detached houses, semi-detached houses and apartments with views over the golf course.
Golf is one of the main attractions for residents of Quinta do Lago and Vale do Lobo. Currently there are 7 golf courses between Vale do Lobo and Quinta do Lago, namely:
- Quinta do Lago North golf course,
- Quinta do Lago South golf course,
- the Laranjal golf course,
- the San Lourenzo golf course,
- the Pinheiros Altos golf course
- Vale do Lobo Ocean golf course,
- and Vale do Lobo Royal golf course.
What attracts so many investors to Quinta do Lago?
The area of the resorts (Quinta do Lago and Vale do Lobo) is very special. Here we live a unique lifestyle, very relaxed, where residents feel a lot of security. Portugal is a stable country politically, without terrorism, the Portuguese are a peaceful people, and in general we managed to control the numbers in the pandemic quite well. A very important point in favor of Quinta do Lago and Vale do Lobo, since many alternative destinations proved to be risky.
The whole area is consolidated in terms of the real estate market, prices have been increasing since 2017, showing us that from an economic point of view it makes a lot of sense to invest here. In addition, even in crisis situations, and since most of the owners of Quinta do Lago and Vale do Lobo have a lot of financial strength, this market is little or not affected at all.
The owner of Quinta do Lago constantly invests in the resort, and that is in plain sight, and is felt through all the impeccably maintained services and infrastructure that we can enjoy in this location. All areas of the resort are modernized and improved on a regular basis: golf courses, infrastructure, common areas, gardens, coastal areas, services, and sports areas.
The resort has all the necessary services: bank, post office, commerce, supermarket, medical clinic, etc. Residents feel comfortable inside the resort, who rarely feel the need to leave. Here, there is a huge concern for the well-being of residents: a organic garden was recently created within Quinta do Lago where owners can purchase fresh vegetables and a concierge service. Quinta do Lago has beach, golf, top sports facilities, good restaurants on the doorstep, sunshine all year, the Portuguese are kind, and locals speak foreign languages, making integration in the Algarve very simple. The architecture and construction are of immense quality.
Another important factor is the existence in the Algarve, a 15-minute drive from Quinta do Lago good health services, with good private hospitals very close to Loulé and Faro. There are several international schools very close, allowing foreign families to make this area their main residence. And accessibility… it is very easy and quick to get here and spend a few days from anywhere in Europe with direct flights, just a few hours away. The airport is just 15 minutes away.
What is there like attractions and activities?
As resorts become less seasonal, there has been a concern to create more activities for residents. In addition to golf, all activities involving beach and nautical (Vilamoura Marina 15 minutes away), The Campus allowed a turnaround in the target public of these resorts. The Campus is a high performance center with top quality equipment and facilities. In this gym we can often find the best teams in the world, and also many renowned athletes. The concept is that normal people can train with these personalities. There are many group classes, with different modalities and high quality training! The campus thus made it possible to attract younger audiences, something very important for everyone who lives in this area.
Both Vale do Lobo and Quinta do Lago resorts have invested in specific activities for children: mini-golf, triathlon training, tennis, golf, and other activities to entertain the youngest, which is great for families in vacation or residents. Throughout the year there are also many specific events for children: open-air cinema (in golf), treasure hunts, carnival masks, Christmas parties, and other festivities aimed at the youngest.
For adults there are also regular events (organic market, Christmas fair, and other events) to various cultural events throughout the year: exhibitions, concerts. Very close to the resorts, in Loulé and Faro there is a good offer of cultural and sports activities. Good commercial areas, both in the Quinta do Lago shopping mall, in the Mar shopping mall in Loulé, or in the Forum Algarve in Faro. At just 2 hours and 30 we can go by car or train to Lisbon where the offer is practically endless, with shops for all tastes, or to Seville in Spain in just two hours away, also with many entertainment options, an airport international with different destinations for a different routine weekend.
There is some record of price developments at Quinta do Lago
The area of the Quinta do Lago and Vale do Lobo resorts is quite regardless of Portugal’s economic situation, since we live here practically exclusively from foreign investment. Since the end of the last real estate crisis in 2013, prices have been increasing consistently, and since 2017 this increase has been more significant, with some properties doubling in value. With the confidence of international investors (mainly English and Irish who have been in this area for several decades), the increase in demand associated with the scarcity of supply (the resorts are practically sold out for new urbanizations) has led to a significant increase in the sale prices properties. At this moment an old V4 in Quinta do Lago has prices starting at 4 million euros. A new or recent home has a market value from 6 million euros. The independent houses most accessible to the investor are located in urbanizations, such as Martinhal (former Monte da Quinta resort), with average values of 1.5 million euros.