NEW to the Irish market is Herdade dos Salgados, an upmarket holiday development in the Algarve. Being marketed as a luxury development, Herdade dos Salgados comprises a mix of apartments and townhouses built beside a championship golf course and adjacent to a 7km beach.
Added to this, owners here will have access to a country club, seven outdoor pools, a heated indoor pool, health club, spa, kids club, tennis facilities and practice golf course. The scheme will also have its own shops, gourmet supermarket, two bars and a restaurant.
Developed by the CS Group, Herdade dos Salgados is set to be one of the largest developments in the Algarve.
About 30 minutes from Faro Airport, the development will occupy a 200hectare site, and cost around 300 million. Over 100 people will be employed on-site allyear round, and with work already underway, completion is expected for August.
On offer are a mix of two and three-bed apartments and a range of two, three and four-bed houses. Apartment prices range from 307,000 to 451,000 while townhouses are from 709,000 to 1.02m.
"When embarking on this project our objective was to create a living space that was built to the highest standards.
The contemporary architecture blends effortlessly with the surrounding landscape, and every part of the development has been integrated with the natural beauty of the surrounding environment, " commented Carlos Saraiva at the launch of the development in Dublin last week.
And according to selling agents at Property Partners, property in the Algarve has strong rental potential and experiences good capital appreciation, owing to having one of the best climates in Europe.
Further details from Property Partners 091-735850
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