Summer Santa's Reduced Fab Pads!

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Read about the real estate market in the Algarve, Lisbon and Portugal. As the leading estate agents on the Algarve and in Portugal we can help you find property for sale in Portugal and find a mortgage.

December 17, 2017

What’s better than a fab pad in the sun? Two sunny fab pads with huge reductions and amazing rental potential. If you have been thinking of investing in real estate, in the Algarve, for rental income these apartments would be a great place to start.

The secret is out. Santa has a new favourite place when not in the North Pole. Where is Santa refuelling during his downtime you ask? 'Summer Santa', expertly versed on what's hot and cold, is spending his off hours in one of the world's best places to live and holiday - Portugal! Before setting off for his big December tour however, he left us with a little package to share with you...

For those, like him, who need a wonderful place to rest, enjoy a few laps in the sun, be around super people, culture, and especially for those looking for an amazing investment, he's left two generously reduced apartments ideal as a holiday home or rental income investment.

These freshly reduced modern apartments are just a short ride from the centre of Portimão, and within walking distance to the very popular Algarve International Autódromo - smart Santa knows where to be. He also knows that these apartments will rent well during the tourist seasons and at a premium during racing events. Both units come equipped with ceramic flooring, fully fitted high spec kitchens, pre-installation of air con units in the living rooms and built-in wardrobes in the bedrooms. From the balconies of the open plan dining and living room areas - unspoiled views. Additionally, they are equipped with security locks, video entry systems, and elevators in the condominium with private parking spaces. A gymnasium and swimming pool are also part of the development because Santa knows what happens after the holidays - and there is zero chance of you being able to hide under a winter parka on an Algarve beach.

If one, or both, of these isn't on your wish list yet, you may want grab a pen...

Units
1 bedroom apartments, 95,000€ (IDH8416)
2 bedroom apartments, 130,000€ (IDH8417)

Financing:
Mortgages up to 80% financing, so only 20% down and up to 25 year terms, with interest rates from 1.75%

Mortgage Simulation: 1 Bedroom
Purchase price: 95,000€
Deposit: 19,000€
Finance: 76,000€
Interest rate: 1.75 %
Term: 25 years
Monthly: 312.96€

Mortgage Simulation: 2 Bedroom
Purchase price: 130,000€
Deposit: 26,000€
Finance: 104,000€
Interest rate: 1.75 %
Term: 25 years
Monthly: 428.26€

Values above are an approximate to reach a monthly property cost for sample purposes. Buying costs such as taxes, legal fees, etc., will apply and typically range from 6-8% of property value. Individual circumstances may also impact figures noted. To earn all about Portuguese mortgages and financing your property investment, get in touch.

Rental Income Simulation for Portimão: 2 Bedroom
Winter: 600€ p/week
Spring: 700€ p/week
Early summer: 950€ p/week
High summer: 1200€ p/week
Late summer: 950€ p/week
Autumn: 900€ p/week

Booking occupancy and rental rates of these units are expected to increase during Autódromo events, which can happen year round. Rates may also vary depending on the number of guests, as well as quality of final fixtures, fittings and decor. Appropriate setup licenses, insurance, etc, required for legal rentals will apply. Ideal Homes property management and rental services ensures owners retain 90% of rental income.

The Algarve is packed with events all year round. In 2018, for Autódromo this already includes the World Superbike Championship, the Algarve Classic Festival and even the European Le Mans Series; all of which draw a large international crowd.

If you're not much of a petrolhead and high octane raceways just don't rev your engine, there's still plenty for you to do locally. There is an open-air Aqua Shopping centre in Portimão, countless shops, sites, museums, markets and of course, the Algarvian lifestyle of fabulous food and music festivals year round, beaches, sports, wonderful restaurants, bars, clubs, pubs, and social events are always in abundance to keep you and the family entertained until you are ready to drop. After which you can grab yourself a fluffy towel and mosey on over to your pool for full throttle relaxing.

See Santa knows things... So don't forget to add these fab pads to your wish list, and leave him some cookies and port (Santa's found new flavours) because you never know who could become your neighbour... HO! HO! HO!

Route to Portugal & Spain, Property Show - Birmingham!
Ready to embark on a journey to the sun in 2018? Join us at the National Motorcycle Museum January 27 & 28th to learn all about moving, holiday homes, retiring & rental investments in Portugal & Spain.
Free Tickets!

Tailored Viewing Trips
A Viewing Trip tailored to your needs. We introduce you to finance, tax, legal, property management and rental specialists. Our goal is to ensure your questions about buying in Portugal are answered, providing you with the transparency and confidence you need to make your real estate investment.

Property Management Services
Buying a holiday home or have one and wondering how to manage it while you are away? Worry not, from picking up your mail, to helping your furnish and renovate through to full rentals management we have you covered. Contact us!