Summary:
Piquet Realty opens a new office in Quinta do Lago to meet growing demand for luxury properties.
The Algarve is becoming a luxury real estate investment hub, attracting foreign buyers.
The company's expansion includes recruiting qualified professionals for local service enhancement.
Demand for properties in the Algarve has increased significantly, with prices exceeding €20 million.
Piquet Realty aims to strengthen its position as a leading agency in the luxury market.
Piquet Realty Expands Presence in the Algarve
Marlos Curcio Gonçalves, CEO of Piquet Realty, announces the opening of a new office in Quinta do Lago to address the growing demand from clients and investors seeking exclusive properties in Southern Portugal. This expansion highlights the company's commitment to being close to the most promising markets.
Strategic Expansion Plans
The Algarve has emerged as a luxury real estate investment hub, particularly appealing to foreign buyers, including many from the United States, driving property prices over €20 million. The company's strategy includes recruiting qualified professionals to enhance local service quality and value creation in the real estate market.
“The Algarve has always been a priority for Piquet, especially after the success of the One Green Way project. We started cautiously, responding to leads from our Cascais office. However, we have seen a significant increase in demand and realized the necessity to be closer to this market,” stated Gonçalves.
Rising Demand and Investment
According to Bloomberg, the Algarve has experienced an exponential increase in demand for high-end properties, driven by significant investment inflow from the U.S., attracted by favorable tax benefits for foreign residents. With this expansion, Piquet Realty solidifies its position as a leading real estate agency in the Algarve luxury market.
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