property managementTHE ALGARVE, PORTUGAL,
- Our client is a Development Company constructing a luxury resort on the Algarve in Portugal.
- The resort is situated in national parkland of outstanding natural beauty located just 20 minutes East of Faro and close to the beautiful traditional fishing ports of Olhão and Tavira and only 20 minutes from Faro Airport.
The resort will have a 4-star apart hotel with bars, restaurants and shops and a sports complex including indoor swimming pool, tennis academy, gymnasium, health spa and golf practice facilities. Three and four bed luxury Villas are already under construction on the site and construction will begin on two and three bed luxury apartments and semi-detached Villas.
There are beautiful mountain views to the north and to the south of the Resort and it is only 5 minutes to the sea with miles of white sandy beaches. For golfers the Development is an ideal location surrounded by many beautiful courses.
As it stands now, the resort comprises of around 100, 3 and 4 bed villas with own private pools. In April 2007, the construction of three apartment blocks will start and will be very competitively priced whilst maintaining a high standard of quality. The apartments will be mainly two bedrooms with two bathrooms. However there will a limited number of one bedroom apartments giving an ideal opportunity for the first time overseas buyer to break into the market. Prices are expected to start at around €120,000.
The Resort will also have a limited number of semi-detached Villas, 12 in total. Each villa will have three bedrooms and three bathrooms, together with lounge, kitchen and terraces. Two villas will share a pool and a communal garden. Prices for these villas are €325,000.
You no longer need to be rich to have that luxury property in the sun as our Client has developed a unique package to provide you with the place of your dreams coupled with a range of options to suit your pocket.
• If you want to buy it for your own occupation that’s fine.
• If you want to buy it for rent during the periods you don’t want it – our Client will arrange that too.
• Our Client’s contacts also include rental organisations who will guarantee the annual income. The income from rentals will help to cover your mortgage payments.
The greatest benefit of all is the satisfaction you get by owning a luxury property of unique design and unrivalled quality at a fraction of the cost of normal Mediterranean/Algarve properties.
The price of the Villas has doubled on the Algarve over the last 3 years so it is a sound investment.
