Property Management & Running Costs
The vagaries of the Algarve seasons dictate that temperatures in summer can reach the low 40s and occasional winter nights below 5 degrees, whilst at times memorable Atlantic fronts bring torrential rain and storms. Such diversity can bring problems to any property regardless of its age or build quality.
Fortunately, there are many professional company in the area that provide property management services:
- Weekly visits to ventilate and ensure the interior is dry, aired, clean and always in a good state of repair;
- Maintain gardens and pools;
- Pay utility bills and taxes;
- Supervise works and receive deliveries;
- Provide professional maid and laundry services when occupied and when not.
Whether your are a permanent or non-permanent owner, leading property managers in the region offer their clients so much more when required:
- 24/7 emergency service to owners, family members and rental guests, providing owners with a familiar voice in times of need – and bilingual to ensure a quick response to any situation;
- Knowledge of new technologies and solutions that modern home designs are incorporating and adopting as standard;
- Preferred supplier programmes to ensure professional services are offered at all times;
- Concierge services for golf, transportation and dining out, etc;
- Childcare with bilingual and trusted personnel;
- For owners wishing to rent – control of the administration and paperwork to ensure tax and legal matters are in order;
- Introduction of your property to some of Europe’s leading villa travel agents, to secure the highest rental yields and the most discerning guests to stay in your villa.
With over 15 years of Algarve property management experience, we are pleased to recommend our collaborating property management partner Courtney Martin as a reliable and trustworthy company to entrust your property maintenance to.
More information at:
Website: https://www.courtney-martin.com
Telefone: (00351) 289 398 593
Email: info@courtney-martin.com
Address: Apartado 3294, Almancil, Algarve, Portugal
Estimated property running costs
Estimated running costs for a 4/5 bedroom villa on a privately owned plot in Vale do Lobo and Quinta do Lago.
Cost description | Quinta do Lago | Vale do Lobo |
---|---|---|
Alarm Monitoring Services & Technical assistance | € 560 | € 560 |
Cable/Satellite TV | € 450 | € 450 |
Cleaning Services | € 4.800 | € 4.800 |
Communications | € 850 | € 850 |
Electricity | € 4.500 | € 3.000 |
Garden Maintenance | € 7.200 | € 4.500 |
Gas | € 1.200 | € 1.500 |
General Maintenance | € 3.500 | € 2.500 |
Home and Contents Insurance | € 3.000 | € 1.750 |
IMI and AIMI (Additional IMI) | € 7.000 | € 3.000 |
Property Management | € 3.400 | € 2.900 |
Resort Membership | N/A | € 3.421 |
Security | € 1.623 | Included in Resort Membership |
Swimming Pool Maintenance | € 2.500 | € 2.500 |
Water (Incl. Sewerage and Garbage Tariffs) | € 8.550 | € 4.380 |
Total Estimated Annual Costs | € 49.133 | € 35.811 |
Prices shown are for guidance only and may vary.
Fixed annual property running costs
These are also fixed annual property running costs.
Location | Type | Condominium | Infrastructure | Security |
---|---|---|---|---|
Dunas Douradas | 1 Bedroom Apartment 2 Bedroom Apartment 3 Bedroom Apartment 4 Bedroom Villa |
From € 7.843 From € 9.706 From € 13.262 From € 24.203 |
Included Included Included Included |
Included Included Included Included |
Encosta do Lago | 2 Bedroom Apartment 3 Bedroom Apartment 4 Bedroom Villa 5 Bedroom Villa |
From € 3.375 From € 4.463 From € 2.138 From € 2.673 |
From € 601 From € 793 From € 985 From € 1.177 |
Included Included Included Included |
Lakeside Village | 1 Bedroom Apartment 2 Bedroom Apartment 2 Bedroom Townhouse 3 Bedroom Townhouse / Villa 4 Bedroom Townhouse / Villa |
From € 1.064 From € 2.128 From € 1.728 From € 2.592 From € 3.456 |
From € 409 From € 601 From € 601 From € 793 From € 985 |
€ 221 € 442 € 442 € 663 € 885 |
Martinhal da Quinta | 2 Bedroom Townhouse 3 Bedroom Townhouse 3 Bedroom Villa 4 Bedroom Villa 5 Bedroom Villa |
From € 4.211 From € 6.493 From € 9.125 From € 10.529 From € 14.038 |
Included Included Included Included Included |
Included Included Included Included Included |
Pinheiros Altos | 2 Bedroom Apartment 3 Bedroom Townhouse 3 Bedroom Semi-detached Villa with Pool 3 Bedroom Villa 4 Bedroom Villa 3 Bedroom Villa on Private Plot 4 Bedroom Villa on Private Plot |
From € 2.196 From € 2.739 From € 3.343 From € 9.713 From € 10.293 N/A N/A |
From € 601 From € 793 From € 793 From € 793 From € 985 From € 793 From € 985 |
€ 923 € 1.384 € 1.384 € 1.384 € 1.846 € 1.696 € 2.261 |
Quinta Verde | 3 Bedroom Villa 4 Bedroom Villa 5 Bedroom Villa |
N/A N/A N/A |
From € 1.947 From € 2.595 From € 3.244 |
€ 1.996 € 2.662 € 3.327 |
São Lourenço | Studio 1 Bedroom Apartment 2 Bedroom Apartment 3 Bedroom Apartment |
€ 2.264 € 3.018 € 6.036 € 9.054 |
From € 361 From € 409 From € 601 From € 793 |
€ 111 € 221 € 442 € 664 |
Vale dos Pinheiros | 1 Bedroom Townhouse 2 Bedroom Townhouse |
€ 3.500 € 4.200 |
From € 409 From € 601 |
€ 221 € 442 |
Victory Village | Studio 1 Bedroom Apartment 2 Bedroom Apartment 3 Bedroom Apartment 3 Bedroom Townhouse 4 Bedroom Townhouse |
€ 1.408 From € 1.528 € 2.937 € 3.204 € 3.774 € 4.571 |
From € 361 From € 409 From € 601 From € 793 From € 793 From € 985 |
€ 111 € 221 € 442 € 664 € 664 € 885 |
Vilar do Golf | 1 Bedroom Apartment 2 Bedroom Townhouse 3 Bedroom Townhouse |
€ 2.790 From € 5.129 € 6.200 |
From € 409 From € 601 From € 793 |
€ 221 € 442 € 664 |
Vale do Lobo | 1 Bedroom Apartment with Pool or Jacuzzi 2 Bedroom Apartment with Jacuzzi 2 Bedroom Apartment with Pool 3 Bedroom Villa 4 Bedroom Villa 5 Bedroom Villa 6 Bedroom Villa 7 Bedroom Villa |
€ 1.489 € 2.131 € 2.776 € 2.776 € 3.421 € 4.066 € 4.711 € 5.356 |
From € 396 From € 698 From € 1.566 From € 1.566 From € 2.068 From € 3.613 From € 4.504 From € 4.696 |
Included Included Included Included Included Included Included Included |
Prices shown are for guidance only and may vary.
We understand property matters!
If you are interested in the state of the local market, are currently looking for the right property, would like a valuation on your own property or are indeed interested in selling your property, please contact us! We would be honored to be of service!
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