Algarve news and information portal - AlgarveMais

PURE International is delighted to offer the final release of properties for sale at Vilamoura prior to the launch of largest expansion and development programme to take place in the Algarve's illustrious history. Long established as an axis of the famed "golden triangle" prestigious resorts, Vilamoura's Master Developer Lusort will in 2009 embark on the eighth and final phase of the resort's development, Vilamoura XXI. At the centre of this 750 million development will be a new project named Cidade Lacustre.

Bringing 900 hectares of residential, commercial and leisure amenities, the resulting increase in property values and boost to a rental market which continues to thrive mean now is the time to secure one of the limited number of properties remaining for sale off plan prior to the commencement of construction.

Why Vilamoura?
Simply put, the outstanding location, climate and enormous diversity of amenities explains why the rental market here continues to thrive. With six 18 hole championship golf courses, the resort was voted the 'World's Best Golf Destination' in 2000. It is also home to Portugal's most exclusive international marina with approximately 1,000 moorings, boasts outstanding beaches, incorporates a 200 hectare nature park, many and diverse bars, restaurants, clubs and a casino and is only 20 minutes from Faro Airport.

Situated within the Algarve's illustrious 'Golden Triangle' (which also includes Vale do Lobo and Quinta do Lago), Vilamoura boasts incredible value for money. A report from research firm IRG outlines that the average cost for spacious villas in Quinta do Lago are more than 5,000 per square metre, whilst Vilamoura offers around 3,200.

Looking to the future
With a vast network of canals and waterways branching off of the existing marina, the waterside homes at Cidade Lacustre will be situated in the centre of the Vilamoura XXI project and provide 2,490 properties, 200 new moorings, leisure areas, luxury hotels, athletic facilities, shopping centres, restaurants and spas within 900 hectares.

Sean Collins, CEO of PURE International, comments; "Lusort's plans for Vilamoura signify one of the largest examples of urban development undertaken in the Algarve and as such, represents an excellent opportunity for investment in the area. The reputation and potential in the Algarve and Vilamoura, as worldwide destinations for tourism and second homes, will receive a huge boost from Lusort's plans. Existing developments that are currently nearing completion will provide an excellent opportunity for potential purchasers to buy in an expanding resort."

 

source: http://www.24-7pressrelease.com