Additionally, as the Algarve is classified as a low-density area, foreign investors can obtain the Golden Visa for as little as 400,000€.
One of the top three investment opportunities available in the Algarve right now is a brand new development in Lagos, West Algarve. Comprising two, three and four bedroom apartments, Adega is a luxury condominium situated next to Lagos’ marina that offers top quality fixtures and finishings.
Starting from as little as 345,000€ for a two bedroom apartment, to qualify for the Golden visa you can buy a three bedroom for 405,000€ and receive generous rental returns in the long run.
3 Bedroom Apartment*
Property Value - 405,000€
20% Down Payment - 81,000€
Principal - 324,000€
Interest - 1.1%
Payment p/month - 834.66€
3 Bedroom Apartment - Prices Start From**
Spring (01 April - 31 May) - €1000 p/week
Early Summer (01 - 30 June) - €1350 p/week
Summer (01 July - 15 Sept) - €1800 p/week
Late Summer (15 Sept - 30 Sept) - €1350 p/week
Autumn (01 Oct - 31 Oct) - €1200 p/week
Winter (01 Nov - 31 March) - €900 p/week
For more information or a digital brochure on Adega, contact the team from Ideal Homes International today, more than 60% has already been sold.
Another fantastic investment opportunity available in the Algarve right now is Santa Maria, a luxury development also situated within Lagos, West Algarve.
Comprising two and three bedroom luxury apartments for sale in Lagos, Santa Maria is a top quality development offering investors a lucrative chance to purchase a two bedroom apartment for as little as 400,000€.
2 Bedroom Apartment*
Property Value - 400,000€
20% Down Payment - 80,000€
Principal - 320,000€
Interest - 1.1%
Payment p/month - 824.35€
2 Bedroom Apartment - Prices Start From**
Spring (01 April - 31 May) - €700 p/week
Early Summer (01 - 30 June) - €950 p/week
Summer (01 July - 15 Sept) - €1350 p/week
Late Summer (15 Sept - 30 Sept) - €950 p/week
Autumn (01 Oct - 31 Oct) - €800 p/week
Winter (01 Nov - 31 March) - €600 p/week
For more information or a digital brochure on Santa Maria, contact the team from Ideal Homes International today as properties are selling quickly.
Or, if you are interested in acquiring a modern townhouse, Quinta do Algarvio comprises two bedroom townhouses for sale in Carvoeiro. With properties from 400,000€ upwards, this is yet again another lucrative investment opportunity especially as it comes with guaranteed rental income.
Whether you are looking to invest in the Algarve in order to obtain Portugal's Golden Visa for rental income purposes or simply because you want a holiday home in the sun, the team at Ideal Homes can help navigate you through the buying process along with rental simulations on potential earnings and even Portuguese mortgage options.
Get in touch either by email on email@example.com, give us a call on +351 289 513 434 or head over to our website and check out what other options are available - www.idealhomesinternational.com
*Figures are provided as a guideline and can vary depending on individual circumstances.
**Figures for rentals are based on properties in nearby geographical areas and may vary depending on exact location, number of guests, quality of final fixtures and furnishings. Appropriate setup licenses, insurance, etc., required for legal rentals will apply.