When buying a holiday home, it’s essential to ensure that the property will generate a long-term return on investment.
Quinta do Lago has done just this for 45 years.
A holiday home is a purchase the whole family can enjoy, but ensuring you choose a property that will bring income year-round requires a great deal of thought. There are a number of factors to take into account when looking to increase the chance of making a good return on a holiday home.
Accessibility is one of the most crucial elements to consider when buying a holiday home. The chosen destination needs to accommodate short breaks such as weekend getaways so that you get as much out of your investment as possible. Faro Airport is situated just 20 minutes from Quinta do Lago, and is accessible from most UK airports and key European cities, including Madrid, Frankfurt and Paris, in fewer than three hours.
Areas with good brand awareness also perform well as destinations for a holiday home. Potential tenants return to these areas as they know what to expect in terms of travel, safety, weather and quality local amenities. This is why traditional holiday home locations such as the Algarve are unlikely to have empty rental periods.
Another key consideration is seasonal consistency. While properties are likely to be popular during peak season, particularly the school holidays, it’s important that their appeal is maintained outside the high season. By offering access to leisure facilities such as golf or wellness services all year round, properties can tap into visitors looking for a quick escape from work or the poor weather in other European destinations. As such, the winter season can be just as lucrative as the summer.
This is undoubtedly one of the key reasons for the success of Quinta do Lago. In addition to the 300 days of sunshine the Algarve enjoys each year, the resort boasts an abundance of leisure facilities, including three award-winning golf courses, the Paul McGinley Golf Academy, world-class restaurants and a newly launched multi-sports hub. The resort also boasts 18 hectares of wildlife in the Ria Formosa Natural Park, which provides a number of nature trails to explore in the milder seasons.
However, if you’re buying within a lifestyle resort with copious facilities, it’s also important to ensure that the resort sees consistent investment over its lifespan. This is imperative as, if the resort in which your property sits begins to look dated or unkempt, this will have a direct impact on the value of your property.
At Quinta do Lago, we are consistently looking for new ways to keep the resort refreshed; the number of new projects and initiatives we have launched in recent years is testament to this. We have recently completed a €50m investment project: this was geared towards accommodating our evolving buyer demographic, which now includes more young families with children than ever before.
A perfect example of this is Reserva, the resort’s most innovative project yet. The landmark development is nestled within one of the last untouched corners of Quinta do Lago and will boast a unique collection of 26 apartments, each with its own private pool. The new residences have been designed to meet the exacting specifications of today’s modern family, offering maximum space while encouraging outdoor activities. The properties sit upon the edge of the stunning Ria Formosa Lake, offering an abundance of nature trails, along with unforgettable sunsets.
Offering a great opportunity for families to socialise, the properties at Reserva are paired with a new residents’ club. This private members club will offer residents a 24-hour reception with concierge and security services, children’s play facilities, a heated outdoor pool, a tennis court and a small food and beverage outlet. The beach, golf courses and a range of dining options are also all within reach.
Since the resort’s conception, the value of the land and property at Quinta do Lago has continued to appreciate. This is due not only to high buyer demand, but also consistent renovation at the resort. Not only have the resort’s infrastructure and facilities been radically improved, the range of year-round activities available to guests and residents has made Quinta do Lago a truly unique luxury lifestyle resort for all seasons.