Situated in Praia da Luz (Lagos), in the heart of the popular and internationally renowned coastal Algarve, Luz Living will be the region’s first luxury residential coastal condominium and it will appeal to broad cross-section of people, all of whom will have one factor in common - the wish to plan ahead:
- Existing residents in the Algarve who are looking to downsize to a location with easy access to amenities, to reduce private maintenance of private pools and gardens or looking to live within a community rather than alone.
- Foreign retirees looking for an upmarket development which will develop into a like-minded international community.
- Long-term or winter residents including those applying for the NHR (Non-Habitual Resident) status.
- Investors who can see the appeal and understand the demand from the expatriate retiree sector.
- Portuguese nationals from large cities at or near retirement age, and who want to retire to a purpose-built community in the Algarve, close to all amenities.
Luz Living is a residential project, and the main goal is that every resident can consider it home. In a stunning location, with glorious sea views, manicured private gardens and great on-site amenities, such as the gym, spa, outdoor and indoor pools and lounges, etc, Luz Living was designed to the highest specification, to the smallest detail.
Fully accessible and fully comfortable with underfloor heating, electric charge points in the garage and concierge services. Exclusive but integrated. Luz Living is also a great investment for investors who understand the demand from discerning full-time renters, and the market dynamics that are moving people to seek luxury, comfort and security.
There will be 38 properties available in this unique project. Luz Living looks forward to welcoming more residents and investors to those who are already committed to being part of its community.
The condominium has been designed in “zones”, each with a unique characteristic:
Garden zone: 1-bedroom garden apartments with pool views, starting at €275,000. These apartments will benefit from direct access to the garden, with their private terraces and gardens integrating seamlessly into the landscaped environment
Patio zone: 2-bedroom apartments with pool and garden views, and very large terraces, starting at €475,000. Some of these apartments will also have sea views. These apartments will offer extensive private outside space, sufficient to allow owners to entertain, have pot plants or as a private outdoor area for a pet, for example.
Sea view zone: 2-bedroom, 2-bathroom apartments with sea, pool and garden views, starting at €549,000. The two highest floors will offer the best sea views and the emphasis is on daily connection with the relaxing views over the town roofs to the sea, or a panoramic view of sea and the famous Rocha Negra hill.
All units will include including one or more garages valued at between €17,500 and €62,500, as well as private lock-up storage. In line with the great emphasis on energy efficiency, which can be seen in the use of solar systems, energy-efficient heat pumps and several advanced cooling methods in the apartments, garages will come complete with pre-installation of charging points for electric vehicles.
Following the issuing of the construction license, Luz Living has launched a unique investment opportunity that will appeal to investors looking for low-risk and potential high cash-on-cash returns estimated to be around 28%. The Luz Living team can be contacted to explain the payment options for both future residents and investors, as well as the investor option.
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.