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The ENGEL & VÖLKERS Quinta do Lago agency celebrates its first year's anniversary with positive results

Engel & Völkers Quinta do Lago has celebrated its first year's anniversary. “Our portfolio is very varied and we currently have around 120 homes with an average price of 1.5 million euros. These luxury properties are located in Vale do Lobo, Quinta do Lago, and Vale do Garrão areas, consisting of beautiful countryside properties with mountain and sea views”, says the Engel & Völkers Quinta do Lago Managing Partner Vasco Fernandes.

The figures for the first year of our business activity is, therefore, very positive and the desire to continue to grow remains high. “With tourism being at its peak, and the prospect of an increase in the number of visitors to the Algarve region and a highly experienced international real estate team, expectations are huge. 2020 is going to be another year of growth for the Engel & Völkers Quinta do Lago branch. Our market is highly demanding and international,” said the managing partner.

The core values of Engel & Völkers ​​are passion, exclusivity, and competence." This leads us to affirm that the brand and the real estate market are a perfect union. All this with over 40 years of an international reputation that is positioned in luxury real estate and with that many years of experience, with a very focused, motivated and confident team”, adds the managing partner.

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For over 40 years now, Quinta do Lago has been an international leader in the real estate market, combining an excellent quality of life, boasting complete security, nature, and privacy. Beach and golf continue to be the main motivation for the investors, but the real estate the market is starting to catch up with Portugal's appeal to attract buyers who are increasingly looking for less seasonal properties and newer homes.

“The Algarve region has become an all-year-round destination - this is due to its short proximity to the airport, which connects you to the main European capital cities, the best international schools and hospitals on offer, and the quality of life that this area provides. It is certainly hard to beat,” says the managing partner.

Following the national outlook, the new-build supply in Quinta do Lago is less than before and the demand for renovation houses, plots of land and state-of-the-art properties is much higher. “Currently, the Quinta do Lago and Vale do Lobo e Garrão real estate market is seeing its traditional villas and stately homes undergoing restoration, and some have even been demolished, thus giving way to new-build houses where comfort, luxury, and privacy are the most important criteria. There is an increase in demand from international investors who are seeking big plots of land and renovation projects”, adds Vasco Fernandes.

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