By Ronan McMahon
Real Estate Trend Alert
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.
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.
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.
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.
Sunday, May 21, 2023 – I’m doing more videos and I think I’m doing better…
Friday, May 19, 2023 – It’s tough finding somewhere to vacation these days…
Friday, May 19, 2023 – Congratulations if you’re in on Punta Laguna!
There’s truly nothing like it…nothing with such world-class golf, AND an incredible white-sand Caribbean beach, AND a vibrant beach city like Playa del Carmen on the doorstep. These three pillars make our community utterly unique.
Thursday, May 18, 2023 – Just three hours ago, I opened our Punta Laguna deal…
