thDavid Lynn, 39 from England won the 7 Portugal Masters at the Victoria Golf Course, Vilamoura 10-13 October 2013 and prize money of �333,000. He finished 18 under par with a final round of 63 only his second professional tour victory. The previous victory was 9 years ago the Dutch KLM Open in 2004.

Lynn was eight under for his final round to set a clubhouse target of 18 under that proved unbeatable. South Africa's Justin Walters finished just a shot behind in second place.

Alan Ellis António Henriques da Silva(+351) 964 855 388 (+351) 919 364 741alan.ellis@residencesvictoria.com ahdasilva@residencesvictoria.com

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Welcome to The Residences at Victoria Clube de Golfe

Just to remind all Golfing Property Owners and guests, The Residences at Victoria Clube de Golfe are very proud to inform you that the VI Annual Owners Golf Cup 2014 will now be “The

stDuke of Edinburgh Cup Charity Golf Tournament”, to be held Saturday the 31 May 2014, at Oceanico Victoria Golf Course, Vilamoura.

In the near future the Condominium Management will send all owners and interested guests more details about the official invitations, prices and also the programme of events and entry form.

2013 Winner Eddie Hynes with 38 points - receiving his prize from Mário Custodio General Manager Tivoli Victoria Hotel & Residences Resort, alongside Amélia Craveiro The Residences Resort Manager.

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David Lynn's record

• Challenge Tour wins: 1• European Tour wins: 2• Wins this season: 1• World ranking: 52• Race to Dubai ranking: 43

"It's was emotional," said Lynn, from Stoke, who still has close ties with Trentham, the Staffordshire course where he grew up.

"To go nine years without a victory and come close so many times you start to question whether you can do it again.

"It felt fantastic. This one's special as it's been so long since a win and it's just a week before my th40 birthday.

"To get another win before I turn 40 is an early birthday present."

Lynn banked the winner's cheque for �333,330 (£282,905), but that is still dwarfed by the $865,000 (£541,645) he earned for finishing runner-up to Rory McIlroy at the 2012 US PGA Championship - his most rewarding week's work to date.

thHe started the fourth round in 16 place, but made nine birdies as he came from six shots off the th th

pace. Having birdied the 17 , he then enjoyed a stroke of fortune on the 18 after his approach narrowly escaped the water, before safely two-putting - then enduring a long wait before knowing that his score had been good enough to win.

For any clients seriously interested in purchasing a high quality property, 2014 appears the right time. The Sterling to Euro rate has topped 1.22 giving even more Euros to those clients from the UK. Considering only six months ago it was as low as 1.14 that means a 7% increase in spending power.

More good news, although cash is king and always will be, the Portuguese Banks are finally recommencing lending finance to overseas investors, ideally a Loan to Value (LTV) around 50 to 60%, on a repayment basis. We have an ongoing finance line with BBVA Bank here in Vilamoura if required.

This means a UK buyer with £200,000 and BBVA finance can invest at The Residences whilst we offer Special Promotional Prices.

For our French and Scandinavian clients the Non Habitual Resident Scheme is proving extremely popular, with the government already granting applications for those living here more than half the year to receive their private pension income TAX FREE for 10 years.

Likewise another excellent government initiative that is proving very successful in Lisbon and here in Vilamoura is The Golden Visa Permit. Aimed at non EC passport holders who wish to travel freely within the EC after applying for a Portuguese Golden Visa Permit. They simply need to invest in purchasing property with a combined value in excess of �500,000. This can be one or several properties.

The property market is therefore extremely buoyant with record sales last year and 6 agreed purchases within the first 6 weeks of 2014. Now is definitely the time to consider investing as new high quality apartments are in scarce supply. No real volume construction has commenced nor been completed since the end of 2009 so we may start to see price increases later in the year.

Constantly investing in excellence and being different, Tivoli Hotels & Resorts today stands out for providing its clients with unique experiences. With this goal in mind, the company has focused on renewing its hotels portfolio, at the same time as it completely repositioned its image in the market and overhauled the Tivoli brand.

The Experience More project is based on marketing the destination itself in partnership with local and international

brands that add value to the services provided to clients. It is worth highlighting various partnerships with internationally recognised brands, such as Banyan Tree Spas, The Flo Group, in terms of restaurant catering; and Sergi Arola, in São Paulo or Puro Beach in Vilamoura. From the hotel’s side, the Experience Team supports the client from their initial search and booking to their return home, to make each stay a memorable experience. Tivoli Hotels & Resorts is currently one of the main hotel chains in Portugal, with 12 hotels in Portugal and two in Brazil, offering around 2,975 rooms in four and five-star hotels.

The Tivoli Group was founded in 1933 with the opening of its prestigious Tivoli Lisboa in Avenda da Liberdade, in Lisboa. This was followed by investments in other hotels: Tivoli Palácio de Seteais, Tivoli Jardim, Tivoli Sintra and Tivoli Coimbra.

In 2006, Tivoli Hotels & Resorts began an internationalisation strategy, buying its first hotel in Brazil: the Tivoli Ecoresort Praia do Forte, in Salvador da Bahia. In February 2009, the group opened its second hotel in Brazil, the Tivoli São Paulo – Mofarrej.

In Portugal, the following month, it opened its luxurious Tivoli Victoria & Spa in Vilamoura and signed an agreement in 2009 with the André Jordan Group to operate the management and rental pool of The Residences at Victoria Clube de Golfe, luxurious apartments in front of the Tivoli Victoria & Victoria Golf Course.

TIVOLI HOTELS & RESORTS: 80 YEARS OF HISTORY AND STORIES TO TELL

SPRING 2014 NEWSLETTER

The Duke of Edinburgh Cup Charity Golf Tournament

Vilamoura Property News