Vilamoura Development Starts
The first project of the re kindled development of Vilamoura is scheduled to start this month, January 2016. It is phase 2 of the L’Orangerie next to Victoria Golf Course. The whole condominium will cover 70,000 m² and this crescent shaped section consists of 21,569 m².
Being built are 6 x 3 bedroomed Villas with their own pools, 18 x 2 bedroomed villas with private gardens and an inner courtyard and 8 x apartments ranging from 1 to 3 beds.
Target completion is summer 2017
Norton & Mackenzie offer a comprehensive portfolio of property management, long term rentals and quality holiday lets in Vilamoura.
In addition we are fully conversant with the new law regarding renting out holiday properties in Portugal should you require advice about getting a license and being compliant. Previously there were no active checks carried out, no action actually taken and hence no penalties transpiring. Under the new regime the newly appointed authorities (ASAE) have full transparency from analysing internet advertising to physical visits to properties to check who is in residence. More importantly they have the resource to do this which the local councils never had. There is evan a liaison between the tax office and utility Companies to cross check consumption in “empty” properties.
If you would like more information e-mail: marketing@NortonMackenzie.com
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