At “The Keys,” a cluster of luxury villas on the Atlantic coast modelled on Miami’s palm- tree resorts, builders and gardeners are busy trying to finish before the summer tourist season.
The US$300-million investment is on the other side of the ocean from Florida, at Quinta do Lago in the Algarve region of Portugal, a country more synonymous of late with economic collapse than new real-estate projects. The villas are on sale for as much as 7-million euros (US$9-million) each and a quarter have buyers, according to the developer, U.K.-based E3 Property.
http://business.financialpost.com/2013/03/12/portugals-us9-million-villas-draw-investors-looking-to-cash-in-on-crisis/
