It is a rare thing for the investors to find such an opportunity in one region: 300 days of sunshine, a dreamy landscape, fantastic food, low cost of living, expansive coastlines, friendly locals and an incomparably high quality of life. All of this with returns on investment makes the Algarve offer irresistible. With English as the second language, the south coastal Algarve has attracted hundreds and thousands of expats for over 20 years, all enjoying permanent residency to this day and having no intention of leaving any time soon.
“In the Algarve region, an investment of 500.000 €, be it in one property or several smaller ones, will automatically qualify one’s family for The Golden Visa program. Loans can be taken, however, from a non-Portuguese financial institution. Should the property happen to be costlier, the exceeding financing can be taken without any problems from a local bank,” said a spokesperson.
Two chosen properties deserve attention of investors in central Algarve. Both mere minutes away from the beautiful beaches and the vast number of golf courses available in the area, but still as close as a 40-minute drive to the nearest airport. These properties are located in and around the beautiful coastal town of Carvoeiro and available directly from the developer without the need of a middleman.
Quinta doe Vales
The first one is Carvoeiro Gardens, a brand new complex with only 18 houses, which includes a mini-golf & putting green course, all-year-round heated pool and with an opening date of April 2022. House prices start at 500.000€ and even offer a turnkey rental guarantee program.
The second location is the soon opening resort, The Vines. Those looking for USP’s in addition to an interesting and profitable investment opportunity will be at the right place here. It is the first buy-to-let solution that is integrated into an Algarve wine resort, located amidst picturesque vineyards. Quinta dos Vales is set in a peaceful corner of paradise and is known for its award-winning wine and unique sculptures scattered around the property. All only a few minutes’ drive away from the next golf course, beach or even marina. This project targets multiple buyer groups, from holiday makers to investors, who all have something in common - a love of wine.
The low unit-costs of 172.000€ to 295.000€ (the latter even including it‘s own vineyard) makes it an affordable investment with a large buyer base, seen from the perspective that a Golden Visa investor might wish to sell on their units after the obligatory holding period of 5 years. Three or more of the suites as a package will not only qualify the investor for the Golden Visa application, but also offer a risk-free investment with rental guarantees for the first 4 years.