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Portugal is the world’s largest cork producer, with the rich-coloured cork oak trees covering much of the inland hill country. Cork bark began to be harvested commercially in Portugal around 300 years ago and the trees are responsible for supplying the corks for some of the best wines, as well as being used for flooring, fashion, and even in NASA spaceships - where it was previously used for insulation!
The cork oak forests around the Algarve provide very high quality cork and also create wonderfully scenic walking routes to explore; the trees are big and rugged with evergreen foliage, acorns and thick cork coats. The cork oak provides the area with a vital source of income and so are highly respected, with the cork industry ensuring protection and conservation of the woodlands they harvest from. The bark of the oak is carefully cropped by hand, using a special axe, every eight to 11 years. This exposes the reddish-brown bark beneath which will dull down to grey with ageing and the eventual re-growth of the cork. Whilst you're walking you may notice the white numbers painted onto the trunks – these refer to the last year that the trees were “de-corked”.
Luci loves getting out and about for a good cycle ride or easy-going walks in the countryside, and thoroughly enjoyed the time she previously spent working for the National Trust. Her love of writing started from a young age and on rainy days nothing beats curling up in a secret corner with a good book.
This advertisement is issued by HPB Management Limited ("HPBM") registered at HPB House, Newmarket, Suffolk, CB8 8EH. HPBM is authorised and regulated by the Financial Conduct Authority and is the main UK agent and the property manager for HPB, issued by HPB Assurance Limited ("HPBA") registered in the Isle of Man and authorised by the Financial Services Authority there. The Trustee of HPB is HSBC Trustee (C.I.) Limited registered at HSBC House, Esplanade, St Helier, Jersey, JE1 1GT. The Securities Manager is Stanhope Capital LLP of 35 Portman Square, London, W1H 6LR.
Holders of policies issued by HPBA will not be protected by the Financial Services Compensation Scheme if the company becomes unable to meet its liabilities to them but Isle of Man compensation arrangements apply to new policies. No medical examination required. HPB is available exclusively through HPBM who will only charge for their services if you invest. HPBM promotes only HPB and is not independent of HPBA.
➤ You will receive our beautiful property portfolio
➤ Our full length DVD introduced by Bondholder & presenter Sue Barker
➤ And a list of forthcoming Open Days and Exhibitions
Invest from £5,000 in the Holiday Property Bond for exclusive access to a portfolio of over 1,400 top quality villas, cottages and apartments in over 30 locations across the UK and Europe. For each £1 invested you will receive one Holiday Point each year which you can use to book the properties. And when staying in them you do not pay a commercial rent, just a no-profit user charge covering actual running, maintenance and refurbishment costs. This charge is level throughout the year so there are no high season premiums. For a studio for two the charge averages about £300 a week, for a two bedroom property sleeping up to six around £460 a week. And there are larger properties available. This no-profit user charge is only payable when you want to go on holiday. Your only ongoing commitment is a quarterly fee of around £30 – that is around £120 a year.
As we attract more investors the more properties we will add to the portfolio – increasing your holiday choice still further.
For life if you wish – the holiday benefits last as long as you hold the Bond. In due course you can pass it and the holiday benefits to your children and grandchildren, as many of our earlier investors have already done. If, however, at some point you and your family no longer wish to holiday with us you can surrender your Bond back to the company after two years or more (subject to deferral in exceptional circumstances). You will not get back the full amount you invested, although we would hope that you will have had some wonderful holidays. What you do get back will reflect initial charges (25%) taken before your money is invested in the HPB fund of holiday properties and securities. The fund itself also pays annual charges of around 2.5% and other overheads. The value of the fund’s properties and securities can also go up or down and so, like most investments, your capital is at risk.
