Western algarve: motoring on
Tourists and property investors are expected to flock to Portugal's western Algarve following the opening of a new race track...
The western Algarve
is expected to defy the gloom and doom after the recent opening of the
Autódromo Internacional do Algarve.
The new state-of-the-art race track near Portimão is expected to attract even
more tourists and property investors to the region.
Portugal is now one of the
top five destinations for people from the UK who are seeking homes abroad.
The Algarve
is already renowned for it golf courses, beaches, water sports, culture and
good food and wine. With the new race track the region is expected to welcome a
further one million tourists a year.
In November it hosted the Portuguese round of the Superbike World Championships
and Formula 1 testing took place there earlier this month.
Other major international events are scheduled and there is talk of trying to
lure an F1 race in the future.
As well as the circuit the complex includes a karting track, technology park,
five-star hotel and sports facilities. Costing around £183 million to build it
is the biggest single investment ever in the Algarve and as well as creating
1,000 new jobs, tourist levels are expected to substantially increase a
visitors flock to see the sporting events, all of which should have a positive
impact on the local and national economy.
A member of Alderley Edge-based The Emerson
Group, Jones Homes Portugal has two residential and
leisure developments just 10 minutes away from Autódromo. Both look set to
benefit as buy-to-let investors seek to take advantage of higher expected
occupancy rates for rental properties in this area.
Last year a brand new clubhouse with fully equipped gym and health spa opened
at Boavista Golf Resort, a huge bonus for property owners and guests. Located
near Lagos, a
choice of detached villas and golf properties start at £345,200 and, under a
new freehold quarter share scheme, a 13-week per year rotating occupancy can be
purchased from just £105,000.
For property opportunities visit www.joneshomesportugal.com or for information on holiday at
either of these resorts see www.algarveselect.com
Source: www.homesworldwide.co.uk