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Engel & Völkers Licence Partner Spain > Blog > Engel & Völkers company signs a new franchise in Portimao, Portugal

Engel & Völkers company signs a new franchise in Portimao, Portugal

At Engel & Völkers, we specialise in locating the business opportunities that the luxury real estate market offers when it comes to expanding. Truth be told, up to now, we have done quite a good job. An example of our latest project can be seen in the new franchise that our company has signed in the Portuguese city of Portimao.

On June 29th, 2017, we were able to make one of the objectives that we were pursuing for quite some time come true. We opened a franchise for Engel & Völkers in the city of Portimao, Portugal. In particular, that was the date when we signed the contract with the new licensee, Mr. Hoos. In fact, given the investment opportunity in the real estate market, he has moved from Frankfurt, Germany, to this beautiful Portuguese town.

We wish to take advantage of this opportunity to thank Mr. Hoos for his confidence in our business project and extend our sincere congratulations for the decision he has made. Moreover, we want to wish him all the luck in the world, although we are sure that he won't need it.

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The reason why the Engel & Völkers branch in Portimao is a safe option for Mr. Hoos lies in the fact that, at the moment, the beaches and landscapes of the Algarve have become one of the main tourist attractions in Europe. In fact, many are foreigners with high purchasing power who decide to buy a residence in the region to enjoy its excellent climate and its wonderful environment, which is also applicable to the Portuguese themselves.

At the signing ceremony of the contract, Engel & Völkers' most important personalities came to Spain and Portugal. We had the pleasure of seeing Joan-Galo Macià, our CEO in this region as well as Meri Blanco, COO of the company. We cannot forget to mention Pablo Molinero, our director of operations, and Constanza Maya, who is responsible for the expansion and support in our company. All of them, just like us, are convinced that this adventure will only bring positive aspects for both Engel & Völkers Spain, Portugal and Andorra as well as for Mr. Hoos.

In short, the Algarve region is an area with real estate potential beyond any doubt. From now on, Mr. Hoos will be able to take advantage of this opportunity thanks to the Engel & Völkers franchise that he obtained to operate there. We are sure that he will not regret his investment decision for a single minute.

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Property on offer in Spain

In recent years, the Spanish property market has become a sector particularly valued by international investors, and it's no surprise. Between 2009 and 2014, property prices in Spain underwent notable changes, and as a result properties are currently being sold at very competitive prices. This situation applies to houses both for sale and to let, as well as to more luxurious properties, making Spain a practically unique case in Europe. The best investment possibilities can be found in Spain's high-end properties.

The high-end sector is the most interesting to the international investor. Many people the world over consider property in Spain, especially in the larger cities, to be some of the best patrimonial assets in Europe (a good example would be a luxury attic in Madrid or Barcelona). And as for the exclusively residential market, those who wish to have a second home in Spain, or buy a main house can also benefit from this situation. Logically, all of these benefits also reach the proprietors who wish to sell their houses.

Living and working in Spain

The quality of life enjoyed in Spain is the result of a unique combination of climatic, geographic, and of course, human factors. Living in Spain is an option that is contemplated by more foreigners every day, and buying a house is the first step towards that. Acclimatisation tends to be fast, and those who move in with the objective of developing business ventures can also count on easier administration when buying a house. Spain's high quality property market paves the way forward.

The type of property which one moves into in Spain will obviously depend on the newcomer's aspirations. Those who head to Spain, whether to live or to work, can enjoy the wonderful surroundings, either in an apartment with a view (of the beach, mountains or the city) or in a house right on the coast. For more information, it can be very useful to seek the advice of an estate agent in Spain, who will analyse the most interesting offers based on the prospective buyer's criteria.

Selling your house in Spain

Selling your house is another option for foreigners who live in Spain. Whether you are coming to the end of your stay in Spain or you just want to get rid of one asset in particular, the services of a reliable and trustworthy Spanish estate agent are essential. These professionals will examine the qualities of the villas in Spain that they want to commercialise, reaching the most advantageous sales agreements possible and getting the luxury properties in question on the market. Little wonder: if anything indicates the current context of the market it's that the role of the agent is basically to close a good sales agreement.

How to arrive in and travel through Spain

Alongside the properties that Spain has available, the country also offers areas of great patrimonial and natural interest. It's worth highlighting the excellent connections by land, sea and air to all the European capitals such as London, Paris, Berlin, Rome, Brussels, and Geneva, and many other European cities are less than a three-hour journey from the main Spanish airports. Those who travel to Spain have airports at their disposal not only in the main cities but also in the majority of the provinces. Another alternative to get around the country is via the complete train network that, on a smaller scale, consists of commuter trains to the inland regions, creating easy access to almost any town and property in Spain.