Outperforming Algarve property prices average 10-12% growth (PT)

Spanning nearly 730 hectares, of which only 8% can be built on, Quinta do Lago is one of the most prestigious areas of the Algarve and is home to some of the world's best golf courses. With regard to property prices, the Algarve has outperformed the country as a whole boosted by large numbers of overseas second home and retirement buyers and has seen average price growth of around 10%-12% over the past three to five years.

The Keys, located in Quinta do Lago, has been designed in a contemporary style using influences from East and West Coast America, providing an alternative to the more traditional Moorish and Mediterranean style of development that can be found throughout the area.

The Keys comprises 150 homes ranging from two bedroom lateral apartments to five bedroom villas within three separate developments, Key Lago, Key Pointe and Key Verde.

The architects, Walker Bushe, have taken their inspiration from the classical contemporary style found in Miami and Hollywood, using horizontal and vertical planes to maximise the impact of the properties. Crafted in natural stone, the exteriors are clean and simple with canopies and varying roof lines providing interesting detail. Inside, central atriums and floor to ceiling windows create a sense of space.

The properties will be fully automated, enabling residents to manage every aspect of the property from wherever they are in the world, through a personalised internet site. This site allows the occupier to control and configure the lighting, heating, cooling, and access and security systems. Electric curtains, blinds, windows and shutters automatically open and close to control temperature levels naturally in each room, conserving energy and protecting furniture and plants whilst the owner is away. Emails and text messages can be sent to the owner by the central control system when specific events occur in the property or if there is a security breach or unauthorised access

Julian Cunningham, International Residential Developments, Knight Frank, comments: "Key Lago, Key Verde and Key Pointe make up the last three prime lots on the prestigious Quinta estate. Quinta do Lago is an established private estate with an international reputation, this coupled with its close proximity to Faro and the wealth of local services and amenities make it an excellent lifestyle or investment product. The Keys has attracted significant interest from primarily UK and Irish buyers who are looking for a second home in an internationally acclaimed location."

Source: Knight Frank

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