There is often a misconception that resorts, especially those centred around a golf course, are for golfers only. At Boavista, we know that about 50% of our owners do not play golf or have no interest in golf so that is a myth that needs to be dispelled.
Given recent experiences, in the wake of Covid-19, community life has never been so important as we appreciate the value of personal security, mobility, leisure and tourism. It has focused the minds of many to question what is deemed important in life. This, in conjunction with recent and previously published market research, carried out by financial and real estateexperts into the pros and cons of investing in a resort property, highlights that the niche market of resort property is a standout in terms of its ability to weather any kind of storm.
Here are ten considered reasons why a home on resort is deemed an astute investment.
1. Investment in an established resort and location
There will always be new resorts in trendy locations but most buyers, when making an overseas investment, look for stability and a track record. They will often wish to investigate the pedigree of the owner and their financial longevity. In a recent report, Marc Sardà, a European Financial Advisor and representative of Mediolanum Bank said that, “from a financial point of view, if you want to derive returns from your investment, it’s better if the property you buy is in a resort, especially if your target market is foreign and the resort has a golf course.” He believes that within the real estate sector, this type of investment is the “least volatile”.
2. A top-class sporting facility with additional on-resortamenities
Whether golf is your game or not, the manicured course and surroundings make for a pleasant and comfortable environment. In the case of Boavista Golf & Spa, there are additional recreational facilities like Essential Spa that offers a well-equippedgymnasium, large indoor heated swimming pool, beauty treatments and classes in water aerobics and yoga together with tennis courts, a games area with archery, a children’s playground and a bridge club that meets weekly.The clubhouse provides a social hub for everyone with a variety of organised events, from golfing dinners, barbecues and music nights. The bonus of being a property owner is thatresidents and guests also enjoy exclusive discounts in the bar and at the clubhouse restaurant. Within the resort is Bela Colina, a five-star holiday village with a restaurant – La Bistro also open to residents and visitors.
3. Safety, Security and Locaton
At Boavista Golf & Spa, 24-hour security is in operation with trained guards available to provide surveillance and ensure safety.During the state of emergency this year, many owners at Boavista chose to stay at the resort because they feltsafer than if they had returned to their home countries.
Location for many is also a key consideration when choosing a home. Boavista is ideally placed to benefit from its proximity to Lagosand Praia da Luz with the nearest supermarket just a 3-minute drive or a 15-minute walk. The beautiful beach of Porto do Mos is a 5-minute drive or a 25-minute pleasant cliff top walk.For many, good medical care is also a prime consideration. A private reputable hospital with a doctor in attendance 24-hours a day, 7-days a weekis also only a 3-minute drive.
With the international airport at Faro a 50-minute drive with excellent motorway connections along the length of the Algarve, nothing is too far away including a new retail centre – Mar Shopping, home also to Ikea.
4. Beautifully landscaped communal gardens and surroundings
For most people, there is something comforting and peaceful about being on a resort environment, due in part to the controlled environment and the cleanliness. Gardens, green spaces,and roadways are meticulously maintained to ensureanaura ofaffluence and prestige.
5. A busy social life
Boavista operates throughout the year and hosts activities and events such as dinners, music nights and dances, pub quizzes, social events, a bridgegroup, and a walking club that meet most weeks. Living on resort makes meeting new friends easy.The choice to participate or not is up to the resident.
6. A wide variety of property options
There is a home to suit everyone at Boavista from a two-bedroom apartment at €225K to a four/five-bedroom luxury golf-front villa for just under €1M.There is plenty of choice in between with linked and smaller detached villas of three and four bedrooms. Residents all enjoy the same benefits, regardless of the propertysize ensuring the same build quality and legal guarantees.Buying off-plan can also have its benefits as the buyer may have the opportunity to make changes to suit their personal tastes.
7. A prestigious home
Striving for the good things in life is natural – most of us want to live in a sought-after neighbourhood and be proud of it. There is a feeling of pride and prestige that comes when you enter a resort of repute and standing. Resort living is aspirational as being part of such a community delivers a sense of well-being and contentment.
8. Restrictions put in place to work for all residents
The legal rules and limitations imposed by the resort are for the good of all and help to ensure harmonious living. These rules enforce continuity and consistency and are for the security of all. Having been initially attracted to resort living by pristine conditions, it is necessary to maintain the standards. And it is important to remember that this adherence will protect the individual’s property value and desirability.
9. Rental potential
The rental potential of a resort property far exceeds other stand-alone options making it a viable investment. Apart from the attractiveness of a resort environment, the choice of facilities is a bonus. From golf, tennis and organised clubs to spa facilities and treatments. A resort holiday offers something for all the family and guests will love the convenience of the amenities, the comfort of security and the ease of getting around.
10. Excellent Resale Value
When and if the time comes to sell, you may well find that your resort property is in high demand as resort communities are well sought after and property values tend to hold their own. The added rental potential is often a strong selling point especially if it comes with a good history and forward bookings. Of course, market forces (world recessions/pandemics) may influence valuations but, in general, a resort property is likely to hold its own in a level market.
Why Boavista Golf & Spa
is the only resort!
The answer is simple. Investing in a property on resort will bring peace of mind because the property you buy has been built by a long established developer of outstanding repute – this is borne out by years of experience, reliability and experience in delivering affordable homes of character and prestige.
The Sales Team
(+351) 282 000 170
Location: Plus Code 473V+47