Villas&Golfe África Magazine - Issue 58

In this issue

«Luxury» is a word used to segment things. The difficulty lies in using the word and knowing how and when to use it. In actual fact, what might be luxury for some, might not for others. If, for some, it is a cause for envy, for others it is a cause for admiration, for dreaming or even an illusion. But what defines luxury real estate? Is it the price? An expensive house might not be a luxury house. In Portugal, a house costing five hundred thousand Euros and above was once considered a luxury house. However, with the increasing value of real estate and the ongoing interest in our country, the bar has risen to at least one million Euros. If, in some countries, a house can be considered luxurious from 100 million on, the sky being the limit, in Portugal, the parameters are more modest. The demand for exclusive luxury properties in prime locations has increased significantly with the increase in foreign investment. Luxury resorts, villas and apartments, from the Algarve to the Minho, have become even more sought after by national and foreign investors, with other locations standing out thanks to the property boom, including: Lisbon, Oporto, Cascais, Braga, Guimarães, Aveiro, among so many others, all of which have become luxury hubs. Portugal has entered the spotlight of the world, through tourism, Golden Visas, quality of life, security and climate, which are essential when it comes to demand. Although there are changes related to the coronavirus pandemic, luxury remains, and increasingly so, space, privacy and security. As such, we will see a demand for farms and estates, in the country’s inland regions and in areas bordering large cities, which will increasingly represent luxury. In this issue, we bring you some projects and people who work in this segment – that of exclusive luxury. Luxury real estate will increasingly be in demand and the world won’t be able to take its eyes off Portugal, thanks to its situation and its quality. Pure and simple...