Scottish entrepreneur Duncan Bannatyne, one of the Dragons on the BBC show ‘Dragon’s Den’ is looking for a home in the Algarve, according to sources close to PortugalPropertySale.co.uk.
Bannatyne has been viewing luxury homes in the Vale do Lobo resort in the central Algarve, a hot spot with the international jet set, thanks to its unspoilt beaches, world-class golf courses and balmy climate. Homeowners in the neighbouring resort of Quinta do Lago include English footballers Steven Gerrard and Michael Owen, while TV presenters Phillip Schofield and Judith Chalmers also have homes in the area.
Bannatyne used to own a villa in Mougins, a desirable village on the outskirts of Cannes on the French Riviera, until selling it last year on account of his divorce.
Typical of property that might suit Bannatyne are luxury villas around the famous Vale do Lobo golf course, which typically sell for around €3million and more. Properties there include large private pools and terraces offering sea and fairway views. Villas there rent for around €3,500 to €7,000 a week during peak season.
Bannatyne has recently published the second volume of his memoirs called ‘Riding the Storm’, the follow-up to his bestselling ‘Anyone Can Do It’. The BBC describe it as “an inspirational account of how Duncan survived personal and professional setbacks, including the break-up of his second marriage and the recession”.