Ronan McMahon, Author at Real Estate Trend Alert

Notes From the Emerald Isle

Thursday May 25, 2023 – As I write from my living room here in Cork, Ireland, I can see a menagerie of wildlife outside my window…

Dona Ana, Lagos, the Algarve, Portugal

In December 2021, I recommended luxury condos in Lagos in the Dona Ana Beach Residences community. RETA members could lock down luxury two-bed condos for just €477,000. It was an opportunity to own luxury condos just a six-minute stroll from a beach that was voted the best in the world.

Dona Maria, Lagos, the Algarve, Portugal

Dona Maria Residences are so close to the water you can fish off the balcony of some condos and I’m told it’s the last community that will ever be developed this close to the water—the rules governing development having changed.

Fuseta Ria, Lagos, the Algarve, Portugal

The strongest RETA opportunities have always been in the Western Algarve, and in Lagos in particular, which has seen huge growth thanks to the Path of Progress moving along the coast from Faro.

Adega, Lagos, the Algarve, Portugal

In November 2020, I recommended condos in a community called Adega in Lagos. One RETA member bought a condo there for €500,000. She has since sold it for €795,000. That’s an incredible profit of €295,000.

Santa Maria, Lagos, the Algarve, Portugal

In December 2019, RETA members could buy in a community called Santa Maria, in Lagos, from €310,500. Currently, the two-beds that were selling there for €630,000 were going for as much as €850,000.