Costana, Algarve
- Properties From $568,000
- Tenure: Freehold
- Estimated Rental Return: 5%
- Completion: Q4 2026
- Exclusive Algarve development located close to Carvoeiro beach.
- According to a PwC report 2023, Portugal is a very safe investment option due to its economic stability.
- Portugal is one of the most attractive destinations for foreign investment in recent years, with US buyers investing billions of dollars. Portuguese real estate has one of the best price-to-rent ratios in Europe.
- The Algarve remains a highly sought-after destination for both foreign and local buyers due to its beautiful landscapes, favorable climate, and lifestyle offerings.
- With a dedicated reception service, on-site concierge, private parking, and an access-controlled entrance, Costana offers a range of exclusive amenities.
The Property
Situated in a prime location just 750 meters away from Carvoeiro beach, Costana comprises five blocks with 30 luxury apartments with two or three bedrooms. The development offers a rental program managing bookings and promotion. All properties are fully furnished and delivered in turn-key condition. The modern kitchen features wine cabinets, the spa like bathrooms have wooden accents and eco-conscious amenities like solar panels and heated floors. All apartments have either a balcony or a terrace.
-Swimming Pool
-Fully Furnished
-Rental Program
Why Portugal?
- Visitors 65 million per year
- House Price Growth 13.8% (2024)
- Inward Migration 1025,000 (2024)
Due to a tourism boom demand continues to outstrip supply leading to price increases in both the rental and sales sector. Forbes magazine recently voted Portugal the number 1 place to retire due to its low cost of living, fabulous way of life and attractive tax benefits for foreign residents. Although it has a population of only 10.5 million, Portugal receives 65 million visitors per year. Â Property in the Algarve is generally considered a sound investment due to low property tax, high capital appreciation, and strong tourism. The Algarve is popular not only due to its tourist numbers, but also for investment and relocation. Rental yield, on average, is among the highest in Europe.
Est. Return
- Est. Annual Return: 5%+
- Est. Capital Appreciation: 12% per annum
Location
Costana is situated in the picturesque Algarve region of Portugal, specifically within the charming village of Carvoeiro. This development is strategically located just 750 meters from Carvoeiro beach, making it an ideal spot for those who appreciate proximity to stunning coastal views and recreational activities associated with beach life. The area is known for its beautiful sandy shores and tranquil waters, which attract both locals and tourists alike.
In addition to its closeness to the beach, Costana Carvoeiro benefits from being near a variety of amenities. There are numerous restaurants located only 200 meters away, offering residents a delightful culinary experience without needing to travel far. For those who rely on public transport, there is access within 250 meters, ensuring convenient travel options for exploring the surrounding areas.
The location also provides easy access to major transportation hubs, with Faro Airport being approximately a 45-minute drive away. This accessibility makes it convenient for both residents and visitors traveling to and from the region.
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