Quinta do Lago Real Estate, the luxury residential resort in the Algarve, is delighted to announce its exclusive new partnership with Portugal Forbes Global Properties. Through this new partnership, properties in this premium location of Portugal will now be available through the luxury real estate platform Forbes Global Properties, sitting proudly alongside the world’s finest portfolio of high-end real estate.  

This innovative collaboration combines Quinta do Lago Real Estate’s years of local expertise with Forbes’ global recognition and prestige of Forbes’ luxury real estate agency in Portugal. Earlier this year, Forbes Global Properties expanded its international presence and opened in Portugal through luxury specialist, Modern, a full-service real estate agency assisting high net worth individuals, developers and investors in the luxury residential market. Focusing specifically on the top 1% of the market, Portugal Forbes Global Properties now represents the most coveted properties in desirable locations that include Cascais, Comporta, and, today, Quinta do Lago. 

According to Sean Moriarty, CEO of Quinta do Lago: “This partnership with Forbes is proof of our unwavering commitment to luxury, exclusivity, and offering unparalleled properties. The brand’s reputation and the demanding nature of Forbes’ high-end client network perfectly align with our lifestyle vision, strengthening our position as a unique destination for those seeking modern properties and quality of life.”

He adds: “This partnership highlights confidence in our expertise, reinforcing our position in the luxury real estate sector in Europe. Together, we are ready to redefine the lifestyle in the Algarve and elevate Quinta do Lago to new heights of global recognition.” 

Pedro Teixeira Santos, CEO of Modern and representative of Forbes Global Properties in Portugal, comments: “The partnership with Quinta do Lago is a significant achievement for Portugal Forbes Global Properties. Quinta do Lago is one of the best resorts in Europe, where local and international clients are attracted by the quality of the properties and the exclusive lifestyle offered. We found in Quinta do Lago Real Estate the ideal partner, who, as the developer of the resort, has an unparalleled level of local market expertise and shares the same service excellence philosophy our client’s demand. This strategic partnership reflects the joint commitment of both companies to raise the service quality in the luxury real estate market and meet the unique needs of clients,” he states. 

Considered one of the most highly regarded residential and golfing resorts in Europe, Quinta do Lago boasts a continuously developing real estate market with a premium portfolio of luxury properties ranging from resales to brand new developments. Despite boasting a variety of luxury homes that feature high-end amenities, the resort continues as a low-rise and low-density region that is ecologically driven and built with sustainability in mind. Quinta do Lago resort also boasts a state-of-the art high-performance centre, The Campus, along with three award-winning golf courses, a boutique hotel, called The Magnolia Hotel, its own Q Farm and a wide selection of restaurants. 

Established in 2020, Forbes Global Properties, founded and led by the world’s leading luxury residential brokers, is an exclusive consortium of top real estate firms representing many of the world’s finest homes and properties for sale.

For more information, please visit www.quintadolago.com/. 

For more information on Forbes Global Properties, please visit www.forbesglobalproperties.com/. 

Leading Birmingham commercial property agency Siddall Jones has purchased Bromsgrove-based 4D Property Management, which specialises in asset management.

Ed Siddall-Jones, the managing director of Siddall Jones, explained that the strategic purchase meant the business could now serve an even broader range of clients across the West Midlands and further afield.

4D Properties Limited was established in 2001 and is a successful niche company specialising in high-net-worth clients who invest in, or already hold, commercial or residential properties.

The company focuses on asset management and property investment for its clients, with particular expertise in rating mitigation and temporary lets.

Mr Siddall-Jones said: “With this acquisition, Siddall Jones is poised to offer an extended array of professional services in addition to its current commercial agency and property management offering.

“The new company will allow Siddall Jones the opportunity to offer an all-inclusive property service including asset management, rent reviews, lease renewals, valuations, schedules of conditions, and schedules of dilapidations.

“This development underscores Siddall Jones’ commitment to delivering comprehensive and tailored property management solutions, further solidifying its position as a key player in the industry.

“We have already been fortunate to grow a substantial management department from the success of our agency instructions, with clients wanting us to manage the properties we acquire on their behalf.

“However, the management side has increased significantly the past two years and it was evident we needed to expand in order to provide the best service for our clients”.

“Adam and I feel the deal will allow us to gain further traction in the property management sector and continue to provide our clients with a full service.

Adam Billig, director of 4D Properties Ltd, said: “This acquisition is a testament to the dedication and hard work that 4D Properties has put into building a solid foundation in property management.

“We are confident that joining forces with Siddall Jones will not only amplify the value we deliver to our clients, but also open new avenues for growth.

“Ed Siddall-Jones and his team share our commitment to client satisfaction and innovation, making this acquisition a strategic move that aligns with our core values.

“We are excited about the future and the opportunities this collaboration will bring for our clients.

“The acquisition of 4D Properties Ltd by Siddall Jones not only represents a strategic move towards market leadership but will also define the future trajectory of both entities in the property management landscape.”

A scheme which protects the quality of privately rented homes in parts of Scarborough is to continue for another five years.

Members of North Yorkshire Council’s executive this week (Tuesday, January 23) approved the selective licensing designation for parts of the Castle, Northstead and Falsgrave divisions in the seaside town.

Selective licensing allows councils to designate areas where there is a high concentration of privately rented housing, and where there may be issues of poor property conditions and management within those properties, plus associated issues such as high levels of deprivation or anti-social behaviour.

North Yorkshire Council’s executive member for culture, arts and housing, Cllr Simon Myers, said: “Selective licensing is one of the ways we can tackle the problems of poor quality and poorly managed accommodation in the private rented sector as well as address anti-social behaviour.

“The private rented sector within the designated area equates to just over 50 per cent of all the homes there so it is vital we look after the interests of the people who rent them as poor housing can have a big impact on health and social care. We have many good landlords and this scheme aims to help both them and their tenants.”

Under the Scarborough scheme, which comes into force on June 1 and lasts five years, all privately rented properties within the designated area will have to be licensed by North Yorkshire Council.

The period of designation will last for five years and include conditions aimed at ensuring licensed properties are safe, meet basic standards and are managed in a satisfactory way.

The landlord licence fee is £695 per single-household property to cover the five-year period of the designation. This will be used for the running cost of the scheme. Extra charges will apply for multiple-household properties.

Discounts may be available for landlords applying early or if they are a member of a recognised landlord association.

Some parts of the area are already subject to a selective licensing scheme under the previous Scarborough North and Scarborough Central designations. There will be a reduced fee for properties that were previously licensed under these schemes.

Lack of properties : Eleven of twelve UK regions are experiencing a significant shortage of homes being put on the market, according to new data.

The figures from Quick Move Now and Home.co.uk show the number of new properties that came onto the market in April 2021 was significantly lower than April 2019 levels in every region except Greater London.

Nationally, the number of new properties on the market in April 2021 was 16 percent lower than two years ago, and 28 percent lower than five years ago.

Danny Luke, Quick Move Now’s managing director, commented: “A shortage of properties coming onto the market has been a big challenge for the property market over the last year. The fewer properties coming to market, the more price growth we’re going to see. Nationwide’s House Price Index suggests that house prices grew by 7.3 percent in 2020. For comparison, in 2019 the annual price growth figure was 1.4 percent. The level of growth we’re seeing at the moment, brought about by high demand and low supply, is unnaturally high and, I would argue, simply not sustainable.

“The only region where we are seeing a greater number of properties coming to the market is Greater London, where we know demand has fallen over the last year as a result of the pandemic. Lower demand and greater supply have resulted in lowering property prices in the region.

“The property market is hugely unbalanced at the moment. We have unnaturally high demand at the lower end of the property market, created by the government’s stamp duty holiday, but this demand is not being met by home sellers higher up the property ladder. First-time buyers and second-time buyers are keen to use the stamp duty holiday to move up the ladder, but those further up are displaying a great deal of caution. Unless they have a strong reason to move, such as a need to upsize or relocate, many homeowners are choosing to stay where they are whilst they wait to see how this pandemic and the resulting economic disruption will play out. This caution breeds further caution. With fewer properties coming to the market, fewer homeowners will be tempted to move without a strong need. During the pandemic, many estate agents and sellers have only accepted viewings from first-time buyers or those who have already accepted an offer on their current property. This means the property market has missed out on speculative movers who would only consider selling up for the ‘right’ property.

“If you’re looking for a new property in the current market, your best bet is to make yourself as ready to proceed as possible. Ensure your finances are in order and you have a mortgage in principle. It’s also worth considering that if you’re able to make yourself a chain-free buyer it will make you more desirable to sellers.

“The current market conditions will not be sustainable for much longer, and I imagine we will see a significant re-balancing of the market once the stamp duty holiday ends.”

Property & Development Magazine