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Vilamoura – Portuguese Masters Spotlight Property Investment Potential
In the autumn of 2007, the Portugal Masters Golf Tournament was held at Vilamoura’s Victoria Golf Club, from 18 to 21 October and won by Briton Steve Webster. This was the third European Tour event held in Portugal in 2007 and a true recognition of this country’s growing commitment to the world of golf.
Now the envy of most other European nations, Portugal is investing a significant €50 million (approx. £33 million) in the international promotion of its golfing opportunities, and Portugal is fast becoming the destination for golfers worldwide.
The Portugal Masters, which offered a purse of over €3m (approx £2m), was among the richest on the European Tour and attracted a selection of very high profile players, not to mention the world press. Victoria Golf Club delivered on its potential as one of the best in Europe. Designed by Arnold Palmer two years ago, Vilamoura’s Victoria, the fifth course added to the Vilamoura complex, had time to mature and develop for this major tournament. But little more than a year after its completion, it hosted the WGC World Cup matches and golf television viewers around the world realized what a spectacular course had been produced and a must-visit golf destination.
But what effect will this have on property investment in the Vilamoura area?
The Vilamoura resort has always provided a high energy environment and there is still a wealth of local activities including water parks, dolphin/whale watching, sailing, surfing, windsurfing, water skiing, diving, paragliding, jet skiing, motor boat hire, coastal/deep sea fishing, boat trips , tennis, horse riding and cycling.
Vilamoura Marina offers a very wide selection of stylish bars, restaurants and designer shops and casino, while the whole area portrays a high-class atmosphere far removed from the typical package tour. After dark, the marina is brightly lit and becomes the perfect setting for dining by the water and a vibrant nightlife. You will experience a cosmopolitan and very high class experience when you look at the many luxury yachts around the water’s edge of this millionaire’s playground.
Marina & Falesia beaches are both ‘Blue Flag’ (highest European standard of safety and cleanliness possible), both have very gentle slopes into the sea (ideal for children) and are massive – so crowding is never a problem! The area therefore remains high on the list of places to visit and means that holiday rental for sun seekers and golfers will remain strong throughout the year. Investors who buy to rent during the holiday seasons are still assured of their returns.
Even with the rise of Eastern European destinations offering cheap investment, Portugal’s Vilamoura, with its manicured lawns and borders, selection of high-standard golf facilities, stunning beaches and last but not least the weather, will not be relegated to yesterday’s property news.
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