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Investors Look to Portugal for Quality

Residential property buyers are still looking for the quality and lifestyle provided by the exclusive brand of the Algarve, according to Simon Perks, Deputy General Manager of Santander Totta in the London Branch. In his opinion, “Portugal is synonymous with quality and British and Irish non-residents view the country as a good and solid investment” when the time comes to buy the holiday home of their dreams.

Simon Perks is one of the Santander Totta experts for the expanding non-resident market segment of the bank and he is presently in the Algarve for meetings with local business partners. “At this time of year, I always come over to meet with local clients and analyse the market perspectives for the rest of the year”.

The London branch of the Portuguese Santander Totta bank has been operating for 25 years, with the last 20 strongly focused on non-resident investors looking for properties abroad. Santander Totta offers loans all over Portugal and 90% of their business is based in the Algarve.

Simon adds that generally, “when buying in Portugal, our British and Irish clients make their choice of quality of life. They know where and why to buy here after visiting the country several times on holidays”. In addition, he says, "Portugal presents itself as an exclusive country for property investors and our clients do like that".

Clients will find it is very easy to deal with Santander Totta when obtaining loans to purchase their overseas homes as the loan system is based in London so all documentation is in English. This ensures it’s very familiar to the client as it’s based on British regulations. The bank offers four types of loans – capital repayment, capital repayment with an initial period of up to three years interest only, residual and five year interest only.

For more information please contact Connolly Duignan Lynskey who are working with Lynskey Holland Mortgages and Santander Totta. info@cdl.ie

Connolly Duignan Lynskey opens new office in the Algarve

To accommodate the ongoing Irish love-affair with Portuguese property, as well as serving the steady demand from buyers from the UK and all over Europe, Irish property company Connolly, Duignan, Lynskey has opened new offices in the Algarve, with dedicated staff who have experience in the local market.

All-Ireland hurlers Joe Connolly, Michael Duignan and Michael Lynskey launched their first joint venture last year with Palmyra, an exclusive development of luxurious homes, just 20 minutes drive from Faro international airport, set in the stunning surroundings of the 5 Star Vila Sol Spa and Golf Resort, voted one of Europe’s Top Ten Golf Resorts.

Working in conjunction with E3 Property, an international property investment company focused on development and renovation projects which are bespoke and of the highest standards in both quality and design, Connolly, Duignan, Lynskey now has more developments planned in the area.

General Manager of the new Connolly, Duignan, Lynskey office in Quinta do Lago is Adriano Carapeto, a qualified lawyer with a degree from the State University of Lisbon and with vast experience in all aspects of the Portuguese property market from acquisitions to project management to local government & legal issues. Adriano is looking forward to maximising the benefits of his expertise and relationships with senior professionals within the Portuguese property industry on behalf of Connolly, Duignan, Lynskey clients.

Adriano will ensure that clients that wish to view Palmyra will be met at the airport and given a tour of Palmyra and the local area. He will also introduce clients to a local solicitor and tax consultant who can act on their behalf in Portugal.

The Channel Four programme A Place in the Sun ranked Portugal as one of the top 3 destinations for overseas property investments. The programme ranked all the EU countries, taking into account the economic growth of the countries, property price rises and how much rental income a buyer can make.

Connolly, Duignan, Lynskey are delighted with the success to date of Palmyra, which is only a short drive from Vilamoura, part of the Algarve's famous ‘Golden Triangle’ along with Vale do Lobo and Quinta do Lago, considered the best places to buy in the Algarve in terms of capital appreciation and rental market.

With short daily flights to Faro from all over Ireland, magnificent golf courses, over 3,000 hours of sunshine per year and 300 kilometres of uninterrupted coastline, the Algarve has much to offer any potential investor, as Connolly, Duignan, Lynskey look forward to demonstrating to visitors at their new offices in Quinta do Lago.

Connolly Duignan Lynskey, Bouganvilia Plaza, Quinta do Lago, Algarve, Portugal.