The “Village of the Moors” is one of the most beautiful seaside resorts in the Algarve. Nothing is left to chance in this small town. The marina has become the centre of the elite. Along the harbour promenade, there are luxury hotels, restaurants, pubs, night clubs and boutiques for every taste. Vilamoura is a destination dedicated to sport and play. Throughout Vilamoura, residents can rely on an extensive offer including five renowned championship golf courses, world-class equestrian facilities, an award-winning marina along with other land-based sports facilities. Adjacent is the Vilamoura Tennis & Padel Academy, which is home to nine hard courts and five padel courts. There is also an international school. The marina is within walking distance to the splendid Praia da Falésia beach.
Real estate prices have suffered heavy inflation lately. Although construction continues and Vilamoura is creating brand new residential units with the new Central and Uptown projects, apartment prices have almost doubled over the past two years.
Rentals are in high demand and paying off, especially because many Non-Habitual-Residents initially rent before they buy. It is not easy to get a one bedroom apartment for under € 200,000, for a two bedroom apartment you can easily pay around € 300,000. And the prices continue to rise. Houses, on the other hand, are on average in the range of 500,000 € to 900,000 € and many need a renovation. If you are looking for something new and modern facing one of the golf courses, it will cost you between € 1.6 million to € 2.5 million, depending on size and design. Firm rental income potential.