Luz Living hopes to welcome many existing local residents as an integral part of its community, reflecting the diversity of the region and the increasing multicultural resident population in the Algarve. Rooted in the local culture and in the heart of the town, and on the doorstep of all amenities and the beach, Luz Living will be the perfect way to downsize without losing quality of life or having to sacrifice on location.
Those who choose Luz Living as their new home can expect to form friendships with residents from around the world. The friendships and social contact will occur within the comfort and safety of a private condominium, with neighbours who are likely to share at least some interests and values, one of which is probably a love of the Algarve. All of Luz Living residents will benefit from being in a totally unique situation: a community within the traditional Algarve village of Praia da Luz, and among its close-knit resident population, all within walking distance to a top blue-flag beach.
While the number of retirement villages in the UK and some other European countries is increasing, quality retirement locations, designed specifically for seniors/retirees and operating a range of independent living options, are still difficult to find in Southern Europe, and rare in Portugal. The very limited options available are often in remote locations that are far from amenities and/or inaccessible. Existing retirement villages may be constrained by architectural design and construction that may no longer meet modern standards of accessibility and safety, or expectations of quality and comfort.
Luz Living is the first project of developer Quality Living Algarve Lda, established by a consortium of investors, all with an interest in the senior and retirement sector, some of whom will retain ownership of an apartment in which to live permanently. The shareholders of the company represent 6 nationalities, reflecting the diversity of the project itself. Most importantly for residents, this diversity of interest will ensure that a service-led proposition will be a key differentiator of the Luz Living project. Residents will have access to a picking list of services delivered via a concierge service.
Luz Living will offer 38 apartments, including 34 two-bedroom and four one-bedroom units. It will incorporate a wide range of amenities including a walking trail, a dedicated pet area, and an indoor heated pool, allowing residents to exercise year-round.
All apartments will come with between one and three garages, and private lock-up storage. The use of solar systems, energy-efficient heat pumps and advanced cooling methods mean Luz Living will have an A+ energy efficiency rating. With a focus on sustainability, garages will have pre-installation of charging points for electric vehicles.
The project already has a waiting list of tenants for long-term luxury residential living, which also makes Luz Living an excellent investment. Currently there are 3 purchase options:
• STANDARD PURCHASE: Pay a reservation, sign promissory contract, make stage payments, and pay 40% on completion. Prices from €275,000
• DISCOUNTED PURCHASES: 10% discount on five (5) ground floor 2-bedroom, 1-bathroom apartments, each priced at €485,000 (prices with early discount €436,500), for reservations signed before October 15th, 2021
• INVESTOR OFFER: after completion, the developer will resell your unit, and after deducting the final payment of 40% from the sales proceeds, profits will be shared 60-40% in favour of the individual investor.
More information about Luz Living, as well as videos and a virtual tour of the condominium, can be found at www.luz-living.com, or by e-mailing email@example.com for more information. Our local contact is +351 965 683 054, or check the web site for our international numbers.