Move Portugal - A Place in the Sun

In the ‘Place in the Sun’ September issue MovePortugal gave a helping hand to a couple who were looking for a holiday rental property in Portugal’s Silver Coast.

Their article presents four properties to Mark & Kerry who wanted a holiday home for their young family plus they wanted a return on their investment from rental income and capital growth. Prior to the actual event the research team from the magazine contacted us and gave us their run down as to the type of property they wanted to show the young couple, to be honest their budget was low for what they required, but as always we dug deep and gave them a selection of properties to choose from. The exclusive MovePortugal property they selected was over their budget of €100,000, but it ticked all the boxes. On the day Sharon Clarke, the manager of MovePortugal took them to show the property and with her knowledge of the local property market and the land and building permits of the property Sharon advised the clients of the possibilities with the property and the 10,000 m2 plot. The young couple fell in love with the property and decided to put in an offer based on Sharon’s hunch. And she was right the owner accepted the offer and Mark & Kerry got an absolute bargain!!

MovePortugal have many success stories like this to tell. We can help you find a villa, a renovation project, an investment property, a plot of land to build your own house or even a small restaurant or bar to start your own business. With over 500 properties on our books in the Silver Coast and over 7 years of living experience in this wonderful party of the world we can assure you that we will always try to give you the best advice!

http://www.aplaceinthesun.com/magazine/september-2008

Lisbon Real Estate Exhibition - Oct. 22 - 26 FIL Portugal

The fair will be holding the latest edition of SIL (Lisbon Real Estate Exhibition). Lisbon, Portugal.

Associação dos Profissionais e Empresas de Mediação Imobiliária de Portugal (APEMIP) - APEMIP

Oct. 22 - 26 FIL (The International Fair of Lisbon)

In its 10th edition, the Lisbon Real Estate Fair (SIL) will present some news: a new image, a new calendar date, from October 24th – 28th, a renewed Organizing Committee, New Discount Policies and a new team, amongst many more. In 2007 the challenge is even bigger, the relevance of this event as a mandatory meeting point for businessmen, technicians and potential buyers, make it a national reference for the sector with international projection, which already secured presence in the calendar of international events competing with the main similar events in Europe.

For further information's please go to http://www.imobiliario.fil.pt/ Lisbon , Portugal

International Exhibition for the Construction and Industry - CONCRETA

CONCRETA (International Exhibition for the Construction and Industry) will be held from 1 October 2008 at EXPONOR. Porto, Portugal.

Porto, Portugal - Associação dos Profissionais e Empresas de Mediação Imobiliária de Portugal (APEMIP) - APEMIP

Old ways at Nazare

The xavega art (fishing technique) is one of the more traditional types of fishing of Nazare (Silver Coast - Portugal), and will return to the beach every Saturday afternoon, from May the 17th till the end of June.

Promoted by the city of Nazare and the Tourism Region of Leiria/ Fatima, in collaboration with the Commercial, Industrial and Local Services Association, this initiative is the reconstitution of the rituals of the xavega art, which fell into disuse in recent decades because of technological developments and the new economic and legal contexts of the sector.

The recreation is made by a local group who came to practice this art. As in other times, the fishing nets are being thrown back in the morning in areas off the coast, known as "lances" (known by fishermen as special spots, called by signs of land and sea). By late afternoon, there is the extended net work - pulled from the beach, by fishermen and fish saleswomen, in what is the most emblematic moment of the xavega art.

The fish caught is then sold in a spontaneous auction on the beach in front of the Sousa Oliveira Plaza, in reconstitution of the old processes of sale, with the traditional "chui", the signal that closed the purchase.

Preserving the collective memory through the dissemination of maritime culture, contributing to the strengthening of local identity, is the main objective of rebuilding the xavega art, which also has become in recent years, a major tourist poster of the region.

The xavega art will be held on Saturdays, till the end of June, if state of the sea and weather conditions permit so. The high point of recreation takes place by 5 P.M., with extended net pulling in the sand, in the area in front of the local Tourism Office of Nazare.

New property solutions

The Royal Obidos Golf Resort (Silver Coast – Portugal) will be one of the two ventures of the group Ocean in Portugal that will adopt a new solution of fractional ownership, in which it will be possible unlimited use of housing and services associated within the group.

This solution, called Prestige Fractional Ocean, is also available for residential units of Vilamoura Golf Resort & Garden and will be presented in London.

In traditional fractional ownership acquired the property can only be used on specific dates, being unavailable the rest of the year to be leased and explored.

In this alternative to each "villa" are associated eight owners, who may use unlimited, more flexible, units of five stars of the group Ocean, and access to concierge service, transfers, a golf club, among others.

This flexible fractional ownership already has been practised since 1992 in the USA, where the group Ocean as part of this solution provides the Little River Golf & Resort (in North Carolina).

In the Portuguese market, the flexible fractional ownership will be available in Vilamoura, from 250 thousand euros per fraction, and in Obidos, from 175 thousand euros per fraction,

The Royal Obidos Golf Resort is a partnership between the MSF and the Ocean Group, has been classified by the Portuguese Agency for Investment with the status of Project of National Interest (PIN).

The venture will have a golf course designed by Severiano Ballesteros and includes a hotel and holiday villages of four and five stars. It is still scheduled to be built with a club-house facilities for leisure, golf academy, tennis club, Spa and Health Club, multipurpose sports area, country club with room for nursery and children's games, cyber cafe, library, restaurant and bar and shopping.

Built on an area of 130 hectares, the Royal Obidos provides for the construction of 620 residential units and 2,252 beds, whose development will be divided into several phases. The planned total investment is 160 million.

Silver Coast receives International Meeting of Archaeology

The auditorium of the City Council of Torres Vedras will receive from 1st to May 5th, an International Meeting of Archaeology under the theme "Vases (bell-beakers): Symbols of a European Community Cultural 5,000 years ago."

This initiative brings together specialists from different countries (Portugal, Spain, Morocco, France, Switzerland, Italy, England, Austria, Poland, Hungary, Czech Republic, Netherlands and Slovakia) that share knowledge and experience in this subject.

According to a press release off the municipality, this meeting aims to "create a basis for discussion, understanding and explanation of the subject - widespread throughout Europe in the 2nd half of the 3rd Millennium a. C. -- Addressing it in different regional contexts."

The discovery of those vases in various parts of Europe indicate the existence of regular trading on the old continent five thousand years ago and, in consequence, of a community that has emerged from that European cultural exchange, which was accompanied by other events such as domestication of the horse or the use of the wheel. It is the appearance of such cultural community that is ultimately the "Bell-beaker phenomenon."

Under this meeting are planned visits to sites related to the themes of the same, as the Castro of Zambujal, the Penedo of Lexim (Mafra), Leceia (Oeiras), the Museum of Cascais, Perdigoes (Reguengos de Monsaraz) and Alcalar (Portimão ).

In parallel with this meeting will feature, from April 30th to August 31st, the Leonel Trinidad Municipal Museum, in Torres Vedras, an exhibition with the same theme of the meeting.

This exhibition aims to be a starting point for a debate on the "Bell-beaker phenomenon ", presenting the results of the latest archaeological research in this field, held in various parts of Europe.

Reservations for guided visits to this exhibition, which has an itinerant nature, shall be made by phone number 261310484.

Golf at the Silver Coast

The detailed plan of the golf course, to be deployed on the land between Alfeizerao and S. Martinho do Porto as well as for a hotel near the picture perfect bay is already being prepared.

With a total of 16 holes, the green is planned for a land classified as agricultural reserve, but its construction is justified because it is "a project of great interest to the region" as guarantees the vice Mayor of Alcobaca, Carlos Bonifacio. Therefore the municipality wants to closely monitor the development detail plan, which responsibility of creation was delegated to the private group promoting the enterprise, through the private buildings council.

More tourists, generating more wealth and more jobs are the major advantages given to projects whose protocol between promoters and the local authority of Alcobaca should be signed soon. Political rivals PS and PSD together make for a majority in favour of an investment whose study of environmental impact, already completed and without any problems reported, still hasn’t convinced the CDU, which also criticizes the over-supply of such equipment.

Silver Coast is slowly becoming a force to reckon with in the golf tourism business.

Silver Coast translates for Quality...

The National Council of Ministers approved the partial suspension of the Municipal Director Plan of Obidos, for a period of two years.

A measure, that provides ease pressure on urban ecologically sensitive areas, particularly near the coastline and the Lagoon. A government resolution published in the Daily Republic; identifies preventive measures, "aimed at the development of projects of high quality and sustainable development of the area, which involves the reduction in the rate of construction planned in the Municipal Directorate Plan in force."

Preventive measures are the ban on the holding of any urban operations, except those for the creation of holiday villages and Hotels that respect the constraints imposed, in particular with certain index of construction and environmental surroundings.

Quality development is the future for Obidos and Silver Coast in general.

Obidos, Researchers prepare solutions for sustainability

The council of Obidos gave the following task to the StaR course, which occurred in Obidos from 7 to April 11: to develop practical solutions in order to transform the beautiful medieval town in an Eco-Town for a sustainable future.

The program STaR City brought together young researchers with multidisciplinary skills and aims to find solutions to current environmental issues and thus contribute to sustainable urban development in Europe.

Obidos has a great opportunity to become the first Portuguese village to reach the point of zero-emissions through the optimization of existing infrastructure, introduction of renewable energy, sustainable solutions to transport and waste management.

This course has a special focus on intelligent infrastructure systems, sustainable transport, sustainable tourism, evaluation of impacts, challenges to local authorities and others to be addressed by young researchers. The Municipality of Obidos and STaR encourages groups to submit ideas and new solutions for the future development of this town, to be replicated in other communities in Europe. Municipal authorities emerged with a vision that points to the creation of a new standard for urban spaces in Portugal and the results that flow from this event can be replicated in many other Portuguese communities.

The challenges and impacts of tourism are recognized in all municipalities and have been taking this into account which reached a basis for cooperation. The concept of Eco-Town, once implemented, should, first, protect the local environment of the negative impacts of tourism and, second, become a reference and have a role in attraction as a catalyst for the planning and improving quality of life. Funded by the Marie Curie programme, the STaR City is a unique project composed of a series of events covering the four key sectors in sustainable urban development: energy, transportation, waste management and urban planning.

The participants, students in doctoral and post-doctoral, with different skills from different disciplines and countries, provided the basis for innovative solutions and discussed real problems within the theme of sustainable solutions. They were also present, in large, internationally renowned experts, together with representatives from universities-edge, businesses, municipal and national authorities as well as the European Union.

Silver Coast and Obidos, always looking for improvement!

Silver Coast, safer and more accessible

S. Martinho do Porto will have a pedestrian bridge over the railroad.

In the near future, residents and tourists from the village of Sao Martinho do Porto can rely on a pedestrian crossing that will connect the train station to the beach sidewalk.

The installation of this equipment is the result of an agreement between the City Hall of Alcobaca, REFER and a civil construction company responsible for a resort that is already being built in the village and that is exclusively meant as second homes for English families. The contractor is responsible for building such equipment, which could be used by all, on the other hand the City Hall of Alcobaca has promised the construction company land for sidewalks and public equipment.

The new pedestrian bridge will be equipped with two lifts to facilitate access to those with reduced mobility and is justified mainly by increased security of all who have to cross the rails for access to the beach. The details of the agreement and the investment that this implies, should be signed at a meeting with a date yet to be defined.

Silver Coast of Portugal, constantly on the move! Improving every second... every day.

Top 15 Reasons to invest in Silver Coast Property

The information below, reasons to invest in Silver Coast property, is focused on the economic considerations, future investments and infrastructure in the Silver Coast region of Portugal.

1. A Pricewaterhouse Coopers and a Place in the Sun report put the Silver Coast Portugal within the top three countries most likely to make you the most money in the next 10 years.
   
2. A report by the Strategic National Tourism Plan states that the tourism receipts will increase to 12 thousand million (12 billion) by 2015 and the report also concludes the Silver Coast will be one of the main growth areas.
   
3. Portugal and especially the Silver Coast have strict planning regulations that will ensure the low density of new developments and keep the supply and demand levels balanced.


4. Portugal is rapidly becoming centre stage for eco-investments within the Euro zone. And the Silver Coast is no exception with signs of renewable energy dotting the countryside.
   Investments into solar panel farms, wind turbines, wave turbines and eco-villages are attracting blue chip corporations and high net worth investors into the area.
   
5. According to Barclays bank the number of Irish and British citizens who plan to buy abroad will double in the next 5 years.
   
6. Until 2013 the EU plan to fund €8.8 million per day to improve the Portuguese economy and infrastructure.
   
7. Portugal can be seen as a low risk, established and safe investment environment.
   
8. Portugal has a long established tourism market and you will find close to 100% occupancy in the summer months in the most popular tourist spots, including Nazare, Sao Martinho do Porto, Foz do Arelho and Obidos.
   
9. Portugal, the UK and Ireland all adhere to the EU double taxation treaties allowing non-residential Portuguese property owners to avoid double taxation including capital gains tax and rental income tax.
   
10. The Portuguese banks encourage non-residents to take out a Portuguese mortgage and the process is relatively easy to obtain an 80% LTV interest only mortgage.
    
11. Terminal 2 at Lisbon airport was opened for business this year 2008 to increase the volume of low cost airline traffic to the capital.
    
12. A new TGV high speed rail link Lisbon to Madrid is planned for 2010 with completion by 2015. The TGV will reduce the journey from Lisbon to Madrid to 3 hours from currently 10 hours.
    
13. Two new modern state of the art shopping centres are to be built in Caldas da Rainha. One to be finished in spring 2008 and the other in spring 2009. One of these projects will be built be the Sonae Group. www.sonae.pt. They will consist of shops, supermarkets, cinemas and restaurants.
    
14. A Jurassic Theme Park is to be built in the town Lourinha with the construction to start in 2010 with the intention to attract more than 250,000 visitors a year.
    


15. Finally and most importantly 4 new 18 hole championship golf courses are currently under construction in the council's of Obidos and Caldas da Rainha. They are Royal Obidos, Falaesia del Rei, Rainha Golf and Bom Successo. All of these golf courses will include luxury villas and apartments plus 5 start hotels thus making the Silver coast area of Portugal a dominant force in the world of golf tourism.
    

MOVEPORTUGAL - INVESTMENTS
Tailor-made Solutions
Contact: steve[at]moveportugal.com

Airport discussion in Portugal: Comparison between Ota and Alcochete

Public consult can be done in several Town Council City Halls or by Internet

NAER – New Airport, INC. gave beginning on the 1st of February and by a term of 30 working days, a period of public consultation in the predicted assessment of Strategic Environmental Evaluation (AAE), on the basis of the "Study for the Compared Technical Analysis of the Alternatives of Location of the New Airport of Lisbon, in the Ota area and the Shooting Field of Alcochete area.”

The procedure of public consultation is one of the phases of the Strategic Environmental Evaluation (SEE or AAE) process, predicted in the LAW nº 232/2007, of 15th of June.

In this period, of public consultation that is in course, there can be sent to the NAER, observations and suggestions on the part of public entities, associations, organizations, non governmental groups and people of the public in general.

NAER, while promoter entity of the SEE (or AAE), has made available on the Internet, at www.naer.pt, all the documentation about the process, that can also be consulted at its own installations in Lisbon.

That same documentation is also available at several Town Council City Halls, such as Alcochete, Alenquer, Arruda dos Vinhos, Azambuja, Benavente, Cadaval, Cartaxo, Coruche, Loures, Mafra, Moita, Montemor-o-Novo, Montijo, Palmela, Rio Maior, Salvaterra de Magos, Santarem, Setubal, Sobral do Monte Agraco, Torres Vedras, Vendas Novas and Vila Franca de Xira.

The SEE will incorporate the environmental values in the decision process. The documentation for consulting includes the RCM of January the 10th, the Environmental Report, and the Non Technical Resume, elaborated by the National Laboratory of Civil Engineering (LNEC).

Even though it’s seems like a “done deal” for Alcochete, Ota has it’s hopes and the definite outcome of this will result in the future major airport in Portugal, which has every investor in suspense…

Why use a currency broker???

Many people do not plan or even realise the effect of currency fluctuations and take a significant risk with their finances when they buy property or invest abroad.
Currency fluctuations can affect a house purchase, savings or pension/mortgage payments, and every year many people lose money through lack of knowledge or good advice.

When transferring funds abroad people should consider the exchange rate, the costs involved in transferring large amounts of money and the personal service that foreign exchange companies are able to give.

There are a number of currency exchange services that these companies can offer to help clients moving money abroad. Along with competitive exchange rates, you have the option to:

1. Purchase a forward contract. We can fix the exchange rate for your purchase up to one year in advance
2. Make a same-day, urgent payment
3. Use our market watch service. We monitor the currency market for you and let you know when it reaches a pre-agreed rate
4. Set up regular transfers to cover, for example, mortgage payments or living expenses

The first mistake most people make is assuming their bank is the best option for transferring large sums of money. However, most banks charge hefty transfer fees and offer poor exchange rates. Savings can be between 0.5% and 3% of the amount being transferred.

This can mean that on a one-off transfer of €150,000, a bank may cost up to £2,000 more than a currency broker.

For further information here are a couple currency brokers that MovePortugal recommend.

http://www.worldfirst.com/
Tel: 0800 0305015
Contact: Elisabeth Dobson

http://www.sgm-fx.com/
Tel: +44 (0) 207 220 1740
Contact: Daniel Collier