Money talks in tough times, and there is still no shortage of high net worth buyers for prime beachfront properties at Praia D'El Rey Golf & Beach Resort on Portugal's Silver Coast, just 50 minutes north of Lisbon.

In the last twelve weeks, with no advertising, 80% of the 14 two and three bedroom apartments at The Beach Residences, which all have spectacular sea views (see above) and range in price from €350,000 to €550,000, have been snapped up by buyers who recognize their rarity value and investment potential.

Buoyed by this success, Praia D'El Rey has just announced the official launch on 30th September 2008 of their final phase of beach front homes.

Called The Beachfront, these are the resort's most spectacular properties to date – 53 two, three and four bedroom penthouses, duplexes and apartments right on the sand dunes, all with direct panoramic ocean views (see above). Prices range from €458,000 to €1.4m, all fully furnished and with a 3 year 5% guaranteed rental income.

Eight of the 53 apartments have already been sold to high net worth buyers in search of spectacular beach properties which combine high quality, cutting edge design and a realistic price point.

New planning regulations in force since 1994 now prohibit any building within 500m of the coastline, meaning these contemporary beach homes are the last of their kind in Portugal and have great rarity value.

All these generously proportioned homes boast direct frontline ocean views (see below) and are grouped around an infinity pool and terrace, overlooking miles of sandy beaches. Owners will have access to their own private gym and automatic membership of Praia D'El Rey's world famous 18 hole golf course. The resort's 5 star Marriott hotel, tennis centre, restaurants, Atlantic Spa and shops are all within easy reach. The resort's Sales and Marketing Director Joao Richard Costa says, “Despite the credit crunch, high net worth buyers know a once-in-a-lifetime opportunity when they see it. Luxury beach homes with these views, in an established five star leisure resort only 2 hours from many European capitals, will always appeal to discerning buyers, however gloomy the financial climate”.

Resort architect Nigel Lane says “Every architect dreams of being given an inspirational beachfront location like this, and our designs maximise the sea views from every room and terrace. We're also using the latest eco-construction techniques to ensure these homes are energy-efficient and benefit from the beach's natural sunlight and sea breezes.”

Praia D'El Rey Golf & Beach Resort 2510-451 Obidos, Portugal

UK Telephone 0870 428 1128 Eire Telephone 1 800 946 2541 Email sales@praia-del-rey.com www.pdrproperty.com www.praia-del-rey.com

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NOTES TO EDITORS

General background on Praia D'El Rey Located on the majestic Atlantic coastline 50 minutes north of Lisbon and its international airport, the 230-hectare Praia D'El Rey Golf & Beach Resort won 2007's coveted European Golf Resort of the Year, awarded by the International Association of Golf Tour Operators, and was voted Portugal's Leading Resort at the 2007 World Travel Awards. Surrounded by naturally sandy beaches and with magnificent sea views, a first-class 18 hole golf course and a five star Marriott hotel, Praia D'El Rey offers a range of excellent value, top quality properties and is the Silver Coast's flagship resort. Over 250,000 visitors per year come through the resort. 10 minutes from the resort is the mediaeval hilltop village of Óbidos – one of Portugal's most famous landmarks - and the area is also home to truly authentic food and traditional wines. The Oeste region, in which the Silver Coast lies, typifies the 'real' Portugal. The resort offers a huge range of luxury villas, townhouses and apartments, with over 800 homes having been sold in the last 10 years. There is also a thriving resales market in the resort, with prices generally attracting a 20% premium due to the resort's unique beach side location and amenities and its established rental programme, which is used by owners to generate income from their properties. The Beltico Group, owner of the resort, can help with all the financial, legal and administrative aspects of buying, maintaining and renting out your home. It is a Marriott franchisee and also owns and operates all the resort's facilities, ensuring a high and consistent level of service. The resort also boasts a 7-court tennis academy, a UEFA size football pitch – where Portugal's national team frequently trains – and nature paths for walking and cycling, a children's playground, a Kid's Club, restaurants, bars and a clubhouse.

For further information, please contact:

Christina Hippisley Tel: 020 7317 1130 Email: christina@belticogroup.co.uk

HIGH RESOLUTION IMAGES of the resort and surrounding area can be downloaded from www.pdrproperty.com Click on Press/Agents, then choose High-res Images Your email is: press@praia-del-rey.com Your password is: pdr23561