The Novotel London West Hotel & Convention Centre will host the free Overseas Property Show on Saturday 10th to Monday 12th September, from 10am to 6pm daily.
Ideal Homes Portugal, an exhibitor at the show, is offering guests a unique opportunity – to purchase a property that has been redeveloped by former Dragons’ Den star Duncan Bannatyne.
Bannatyne’s love of Portugal began back in 2014 when he bought a stunning, secluded villa. Since then, he has relocated to the country, making Portugal his main home. Although he planned to retire when he moved abroad, Bannatyne has been allowing his entrepreneurial streak to bloom in the Portuguese sunshine. The businessman is now building a new career in the property industry.
Working with real estate firm Ideal Homes Portugal, Bannatyne has sourced five properties that had been partly developed before the Portuguese recession hit. Although work on the homes was abandoned during the financial crisis, Bannatyne is bringing them back to life, with a view to turning them into dream holiday homes for buyers to use either themselves or as rentals.
Bannatyne’s properties are all located in the busy, upscale town of Almancil – one of the most sought after destinations in the Algarve. The area forms part of the region’s golden triangle, which also includes the prestigious golf resorts of Vale do Lobo and Quinta do Lago.
Bannatyne comments on his venture: “The recession hit Portugal pretty badly. However, all of us living here can see a marked upturn in the prosperity of the country. In my opinion, property prices in the Algarve are selling below their true value and will rise quickly over the next few years.
“The recovery in the property market in southern Spain has been rapid and sustained. The effect is spreading to Portugal, and the Algarve is at the beginning of a remarkable upturn. I have invested at a time when these properties are still within reach of those with an appetite for a place in the sun and an understanding of the need to buy at the right price and the right time.”
Several of Bannatyne’s properties, which each feature two sun terraces, three en-suite bedrooms, a private garden and access to a good sized pool, have already attracted interest from prospective buyers – UK buyers hoping to snap up one of the holiday homes should move fast!
The Founding Director of Ideal Homes Portugal, Chris White, explains: “The Overseas Property Show is always a great place to connect would-be buyers with their dream Portuguese property, whether it’s a home built by a dragon or a unique local business with a rich history, like the fabulous Café des Ingles in Silves. Visitors to the show also get to grill the local experts who attend on everything from the state of the Portuguese property market to what the Algarve expat lifestyle really entails.”
A number of free tickets for the show are still available at www.theoverseaspropertyshow.com. One lucky ticket holder that attends the show will also win a holiday for two in the Algarve!
Will you find your dream holiday home at the Overseas Property Show?