FAQ

Vale do Lobo Algarve guarantees a complete resort experience all harnessed in one luxury destination.

Property Owners at Vale do Lobo benefit from everything they need right at their fingertips, from:

• Banking;
• Post office;
• Grocery shopping through to boutiques;
• 15 restaurants - boasting diverse international cuisine;
• Unbeatable night life;
• Rich year-round events calendar;
• 2km of golden beach;
• and Some of Europe’s finest sporting facilities.

Vale do Lobo Algarve is the largest resort of its kind in Portugal, covering an area of approximately 450 hectares.

Vale do Lobo offers a diverse range of luxury homes to suit all budgets and requirements, from apartments and semi-detached villas to plots for custom built villas.

There are currently approximately 1,500 homes in the resort with plans for 500 more.

Sizes range across the resort from 50m2 (studio apartment) to 4460m2 (plots in Oceano Clube area).

The houses built on plots in Oceano Clube can vary between 225m2-350m2, depending on which plot, whereas at Vale Real they vary between 340m2 – 500m2.

We have seen an average increase of 15% in the past year, 30% in the past two years and between 60%-80% over the past five years.

After choosing a property, a reservation agreement is signed and then secured with a small deposit while the promissory contract is prepared by Vale do Lobo’s legal department and your solicitor.

Completion is then scheduled to be signed in front of an official notary.

1. Meet with your Real Estate consultant;
2. Tour  of the resort;
3. Designing your home (Applicable only to plots with construction)
4. Costings (Applicable only to plots with construction)
5. Agreeing the contract
8. Obtaining your deeds
9. Construction begins
10. Keys to your new home

Yes, Caixa Geral de Depósitos - the largest bank in Portugal - is one of Vale do Lobo’s partners and offers excellent conditions and options when financing property purchases within the resort.

In Portugal, the purchase of a property implies a property transfer tax called IMT which for any existing property over 500.000 Euros will be rated at 6%.

Plots of land are rated at 6.5% and VAT is charged on construction costs.

IMI is the yearly tax on property in force in Portugal. This is charged at between 0.4% and 1% depending on the value of the property and ownership.

Portugal still remains a place where it is possible to buy a property using an offshore company. In 2003 the Portuguese government blacklisted and thus penalized most offshore tax jurisdictions. 

However there are still territories which are not on the Portuguese black list and by purchasing a property in Portugal through a properly structured corporate vehicle incorporated in one of these locations, it is possible to avoid the penalties on offshore companies. Delaware and Malta are currently the most popular white listed jurisdictions for holding property.

These arrangements may bring with them other benefits such as:

• The ability to sell the property in the future without the buyer having to pay Real Estate Transfer tax
• Avoidance of Portuguese capital gains tax on re-sale
• Avoidance of donations tax or inheritance tax
• Avoidance of the deemed benefits provisions in U.K. law

However as taxes and the manner in which they are applied change frequently, specialist advice should always be taken before entering into any arrangements.

When buying a property in Portugal your investment expenses can amount to up 10% of purchase price broken down as follows:

• Lawyers fees: 0.5% - 1% of property transaction;
• Notary, registration and or mortgage stamp duty 1%-3%;
• IMT (Property tax) - 0%-6.5%.

Yes, Vale do Lobo Algarve has a successful track record with re-sales and its team will do its best to promote and sell your property for you.

Many property owners at Vale do Lobo are not in residence all year round. By joining the Proprietors’ Club, you will not only benefit from the privileges and discounts offered at  the resort’s many onsite facilities, but you will also have access  to a range of exclusive services through the Vale do Lobo Proprietors’ Club, including management and maintenance of your home.

Yes, the Vale do Lobo Tourism Department will organize rental of your property on your behalf providing you and the guests in your property with a number of exclusive services. Properties in Vale do Lobo rent well throughout the year, attracting both holidaymakers and the golfing market.

We operate strict quality control and periodical monitoring to ensure your property is kept in the best condition and you maximise your rental potential.

Not at all, but by using Vale do Lobo’s services will certainly make your life much easier as only one contact is required through our Proprietor’s Club or the 24-hour Resort Reception, and service is given to the very highest standard.

The Vale do Lobo Resort Service Charges cover a number of services, including resort security and surveillance, daily door-to-door collection of domestic refuse and reception facilities. This applies to all Property Owners.

In addition, condominium fees are also applicable to property owners purchasing apartments.

Approximate costs are:

Resort Service Charges:

2 bedroom apartment or townhouse	€ 1.156,00 per year
3 bedroom detached villa	€ 1.734,00 per year

Condominium Fees (average):

Apartment

€ 1.500,oo per year

(Condominium fees are based on the m2 area of the property).