All this demand for Faro has awakened
the city. With more and more people looking at Faro, we are curious to find out
who these buyers are. The Portugal News spoke
to Richard Vessot and Etsânea Fortes, Sales Manager and Marketing Assistant,
respectively, who are part of the MJ Développment group team.
Established
roots in the Algarve
Most people who have bought a property
in Faro know and understand the Algarve very well. These are people who have
already been in the Algarve several times, love the country and the experience
of being here.
"It's not the first time they have
been here". Unlike Mauritius, where
the MJ Développment group also has investments, the Algarve is only a 2:30 hour
flight from several European capitals, which really makes it easier to travel
and visit.
Desired
city to move to
While you can't ignore that the Algarve
is a very tourist-based region, the developers of Quinta de Faro are absolutely
certain that Faro is not just a holiday destination, it's a place where people
want to settle in. "Clients want to relocate," they said.
There are people moving from other
Algarve towns to Quinta de Faro because, when compared with other Algarve
towns, Faro offers lower prices and an authentic experience. For example,
"in Quinta do Lago people can't find that kind of product, and if they do,
it costs six million or more".
Portuguese
buyers
Quinta de Faro will be an international
condominium. "Most of the buyers are French and English, some of them are
Portuguese immigrants in France who are coming back to their roots, but there
are several Portuguese who have bought so far. They are people who work in Faro,
live in Faro, at the hospital for example, and they had been looking for such
an offer for a long time," they said.
Having Portuguese neighbours in a very
Portuguese city is something that attracts expats who want to belong to the
community. "The profile of foreigners who want to live in Faro are people
who want be part of the community," they added.
Good
investment
Quinta de Faro is really a good long
term investment. In fact, Joaquim Pires' forecasts at the beginning of the year
were right, he said that clients could sell the property in the future for 30
percent more, even without them already being built.
However, we must say that the people who
are buying property at Quinta de Faro are not the kind of investor profile we
are used to. "Some will rent out their property in the best months, like
July and August, and then live there for the rest of the year, but most of them
will live at Quinta de Faro all year round," they said.
Family
environment
As Richard Vessot and Etsânea Fortes
told me, many clients ask if Quinta de Faro will be a ghost condominium, where
you only see residents in the summer, and the answer is a firm “No”. “This is
not going to be a ghost condominium in the winter, and clients are happy to
know that”, Richard pointed out.
Additionally, "these clients are
open-minded people, aged between 40 and 60, who have two or three
children", want to live a happy life in a safe place like Faro, with good
schools, high quality public and private hospitals and green spaces near the Ria
Formosa.
For further information, please visit www.quintadefaro.com
Paula Martins is a fully qualified journalist, who finds writing a means of self-expression. She studied Journalism and Communication at University of Coimbra and recently Law in the Algarve. Press card: 8252
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