This particular investment is a five-star, fully furnished, gated development which requires no deposit to purchase and only a finder’s fee. All the closing costs are included - meaning you can own a beautiful home in the Western Algarve with very little capital outlay.

Investment Outline

Our latest find offers truly unique potential. It will appeal to those motivated by high rental returns as well as those whose primary concern is capital growth.

These gorgeous properties on the Western Algarve all come fully furnished and fully managed and are just 120 yards from the beach. The development combines exceptional local amenities with quick access to the A22 motorway and an easy drive to Faro International Airport in 45 minutes. It is also just 15 minutes from the newest and largest racetrack project in Europe, which represents an investment of some €200 million and is set to attract hundreds of thousands of visitors to this region of the Algarve.

The whole development has a typical Roman feel, including cypress, olive and palm trees and fragrant lavender borders. As you walk through the archway you step into a resort where the extensive landscaping is laid out in typical Roman style to complement the architecture, reflecting the history of the area.

The Deal

You purchase a fully furnished apartment on this development by only paying an arrangement fee, which equates to 1.5% of the purchase price
80% Loan to Value (LTV) interest only mortgage is arranged for you with a Portuguese Bank
The loan covers the purchase price of the property which is around 75-80% of the value, and closing costs (lawyer’s fees and taxes)
Added benefit of a full 12 months guaranteed rental option for the first 12 months
You may receive a discount up to 25% and a potential equity up to 20% after the purchase completes
You will need to pay for your Portuguese fiscal number, which is less than 200 euros.

Location

Set against the striking backdrop of Rocha Negra, this development is located within the town of Praia da Luz, just 4km west of the beautiful bustling town of Lagos. Less than 200 meters away from the beach, the resort combines a mix of luxury properties with great on-site leisure facilities and a renowned restaurant.

Properties

The development is 100% completed and the complex consists of 1, 2 & 3 bedroom luxury apartments with interiors to ensure a high level of comfort and functionality.

Amenities

All apartments include all the conveniences of modern day living including satellite television, under floor heating, air conditioning, an electric shutter system on the windows, a fully equipped kitchen fitted with Siemens appliances, white ‘Roca’ sanitary ware in the bathrooms and a central vacuum system.