Christie’s lands in the Algarve

International real estate network ventures into Portugal's "golden triangle"

Christie’s International Real Estate has expanded its reach into the Algarve, opening up the lucrative   “golden triangle” markets of Quinta do Lago, Vale do Lobo and Vilamoura.

LUXIMO’S, the network’s exclusive brokerage in Porto, has launched a new 20-strong operation in Vilamoura Marina, adding to the north Portugal offering, which covers the Costa Verde, Gerés, Ponte de Lima and the Douro Valley (famous for its excellent port of course).

Dan Conn, CEO of Christie’s International Real Estate: “Portugal’s Algarve region is an important luxury market with its beautiful estates and enviable lifestyle, which increasingly attracts a global clientele of buyers. LUXIMO’S has been our valued partner in the north of Portugal since 2013. By expanding the company’s territory south, LUXIMO’S will now offer the Algarve region the high level of service commensurate with the Christie’s brand.”

Ricardo Alves da Costa, Managing Director of LUXIMO’S: “The opening of our new office in the Algarve comes at a time when foreign investment is pouring into Portugal and attractive residency programs have encouraged many international buyers to purchase homes in the country. We are really excited to be expanding our offering and tapping into the growing luxury property market in the Algarve.”

The Christie’s network includes 135 global affiliates and 32,000 real estate professionals spread across 45 countries.