Vilamoura Suites, Algarve
- Properties From $1,000,000
- Tenure: Freehold
- Estimated Rental Return: 4%
- Completion:
- The tourism industry in Vilamoura is thriving, attracting visitors from all over the world. This creates a high demand for rental properties year round.
- According to a 2023 PwC report, 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.
- Over the years, the demand for property in Vilamoura has been consistently increasing. This is partly due to the limited supply of land available for development in the area. As a result, property prices have been rising steadily, making it an attractive market for investors looking for capital appreciation.
- Portugal offers tax advantages to non-resident homeowners through its NHR (non habitual residence) program.
The Property
Located in the heart of Vilamoura near the famous Marina, this private condominium complex consists of 40 luxury villas with two or three bedrooms including gardens and private swimming pools. The villas are spacious (from 2174 square feet) and finished to a high standard, such as the minimalist window frames with tempered double glazing and the air conditioning ventilation system, which provides comfort all year round. The laminate floors, ceramic tiled bathrooms, false ceilings, and lacquered carpentry provide a cozy atmosphere. The kitchen is equipped with Smeg appliances and suspended sanitary ware. The development has many communal areas with gardens. All the villas have the energetic classification A+ and include a box garage with direct access to the interior.
Why Portugal?
- Visitors 65 million
- House Price Growth 13.1% (2022)
- Inward Migration 750,000 (2022)
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. 750,000 people made Portugal their new home last year. Although it has a population of only 10.5 million, Portugal receives 65 million visitors per year. Property in the Algarve is generally considered a sound investment due to low property taxes, steady capital appreciation, and high tourism. The Algarve is popular not only due to its tourist numbers, but also for investment and relocation. Rental yield on average is among one of the highest in Europe.
Est. Returns
- 4% Returns*
- *Based on AirBnb data
Location
Vilamoura is one of the best areas of the Algarve. It is located in an area known as The Golden Triangle, just a 20 minute drive from Faro International Airport. This development is located in one of the best areas of Vilamoura: a few minutes to the beach, golf course, and marina. Vilamoura Marina is a world-class marina located in the Algarve region of southern Portugal. It is one of the largest and most modern marinas in Europe, offering a wide range of shops, restaurants, and bars for visitors. Vilamoura is a golfing paradise, with nine championship golf courses designed by renowned architects, such as Robert Trent Jones Sr., Frank Pennink, and Martin Hawtree. The development is also close to the famous Old Town of Vilamoura, which is steeped in history and offers a range of traditional Portuguese restaurants and cultural attractions.
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