Duncan Bannatyne has purchased a five bedroom villa in Portugal. The entrepreneur, who is best known for being one of the “Dragons” on the BBC series Dragons’ Den, has a net worth of approximately £175 million, according to the Sunday Times Rich List 2014.
Now, he has splashed some of that on a villa with pool and sea views in the Algarve golfing paradise of Vale do Lobo.
The property sale was handled by Ideal Homes Portugal. Founding Director Chris White tells TheMoveChannel.com: “It was great dealing with Duncan. He’s a very down to earth and genuine guy, who was always polite and friendly to the people he was dealing with. He was also very respectful when fans approached him.”
A Den fit for a Dragon? The Algarve villa has pool and sea views
White adds that when it comes to real estate, Bannatyne’s business nous is bang on the nose: “2014 has been a positive year for real estate on the Algarve. Typical ‘sale’ values are between €200,000 to €500,000 – sometimes reaching up to €1,000,000 in prestigious resorts like Vale do Lobo.
“Sales in the €3m to €4m price range are rarer but there are some stunning luxury properties to be picked up on the Algarve at prices more attractive than most buyers might imagine.”