Palmares Ocean Living & Golf reveals significant increase in demand for Portuguese land plots

Generously sized plots attracting increasing numbers of international buyers ..

Developer Kronos Homes has reported a significant increase in demand for land plots at its luxurious Palmares Ocean Living & Golf resort in the Central Algarve, as families seek out space and serenity on their own terms.

Palmares Ocean Living is part of a wider trend of rising demand from foreigners for land in Portugal. Rightmove Overseas has reported a 1,522% increase in demand from buyers for land in Portugal in January to March 2021, when compared with the same period in 2020. Demand is far outstripping that for apartments or villas.

The Algarve is one of Portugal’s most popular regions with British buyers. Between Q1 2020 and Q1 2021, British searches for property in that region rose by 45%. Its extensive beaches, flavourful cuisine, low cost of living and outstanding golf, marine and other sporting facilities all feed into this popularity.   Palmares Ocean Living offers all of this and more. Exceptional golfing and leisure facilities are set in a natural amphitheatre that delivers spectacular sea views over the Alvor estuary. Owners enjoy annual golf membership for two at the 27-hole golf course, which was designed by respected American architect Robert Trent Jones Jr.

Recent investment has seen the addition of a brand-new clubhouse, designed by Pritzker Award-winning RCR Arquitectes. It includes a new fine dining restaurant where Michelin-starred Executive Chef Louis Anjos is celebrating the flavours of the Algarve in innovative new ways. The master-planned resort also includes an array of other sports and leisure facilities, with plans in place for further additions, including a second five-star hotel (there’s already a 20-room boutique hotel on site) and a pool with wellness facilities, as well as a total of 460 homes.

Land plots at Palmares Ocean Living are generously sized and come with a preliminary architectural study. They are priced from €780,000, with an average indicative construction cost of €1.3 million. As the whole resort has a construction density of just 5.7%, sea and nature views are maximised from each plot.

“As we have with every element of Palmares Ocean Living, we have striven to ensure that our land plots deliver something special. From the extensive plot sizes to the building capacity that they offer, these parcels of land are ideal for discerning buyers who want to make the most of all that the Algarve has to offer, while creating homes that are tailored around their individual requirements. With the current investments and the ongoing development of the resort, the capital appreciation is the icing on the cake.” Alda Filipe, Sales & Marketing Director, Kronos Homes
 
For more information about Palmares Ocean Living & Golf, please email realestate@palmaresresort.com, call (+351) 917 766 932 or visit www.palmaresliving.com/




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