Den fit for a Dragon: Duncan Bannatyne buys Portuguese villa

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 “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.”