Residential tourism developments (also known as condo-hotels), are in vogue in the tourism and real estate industry. The phrase ‘residential tourism’ is self-explanatory: it is essentially a development which grants tourists or investors ownership of the guest accommodation of a tourism facility.
This kind of real estate investment is not new; the concept appeared in the late 1970s and has proved popular in Portugal’s Algarve. However, residential tourism is now undoubtedly much more sophisticated in terms of the brands involved, the quality of the services available and the legal structures required to do the deal.
