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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.Brand New Investment Opportunity in Lagos, West Algarve
Brand New Investment Opportunity in Lagos, West Algarve
Unheard of in Portugal, the team have been able to negotiate lower down payments and large discounts in order for interested buyers to lock in their property investment before the Golden Visa changes come into play at the beginning of 2022.
The deal on offer is:
- 10% discount
- 10% deposit
- 10% after 6 months
- Further 10% 6 months later
Released to Ideal Homes clients exclusively, within the space of a week over 40 units were reserved and deposits paid securing a fantastic rental investment from foreign buyers, predominantly in the United States.
Due to current travel restrictions, Ideal Homes were able to showcase Santa Maria 2 - which has just broken ground - through their YouTube channel. Giving investors the opportunity to hear from the developer directly, see more about the local area and catch a glimpse of Santa Maria phase one.
By seeing the high quality of Santa Maria, speaking with Megan Holland - Head of Rentals and Aftersales - through Zoom about the project rental income and property management, along with getting all the information from the expert real estate consultants over at Ideal Homes, individuals from around the world were able to move ahead with their plans to invest in the Algarve.
There are currently 14 units still available, both two and three bedroom apartments, and Chris White, Founder of Ideal Homes, says “At the rate investors are buying property in the Algarve, we don’t expect them to be available for much longer.
Taking into consideration Portugal’s Golden Visa deadline, Santa Maria 2 allows investors to qualify for residency and travel visa-free throughout the Schengen Area while generating extremely lucrative rental returns”.
Santa Maria 2 is expected to be a hit among holidaymakers coming to the Algarve ensuring investors a high rental return due to it’s amazing location. Recognised as the World’s Leading Beach Destination and Europe’s Leading Beach Destination, the Algarve is officially on the map with Lagos being home to a variety of award winning beaches.
It’s a city with an abundance of character, charm and 2000 years of history. From the stunning Santo Antonio church to the charming 17th century Bandeira Fort, combined with the buzzing nightlife and outdoor activities, Lagos is the ideal holiday destination for those who want more than just great beaches.
With it being such a fantastic holiday destination and low in hotels, property owners can expect to see the benefits of investing in Lagos straight away.
There is a two bedroom apartment available in Santa Maria 2 for only 345,000€, if you include the 10% discount on offer and take into consideration Portugal is at an all time low on mortgage interest rates, investors could look to obtain property financing to get the ball rolling.
Finance Over 40 Years With Discount
Property Value - 310,500€
20% Down Payment - 62,100€
Principal - 248,400€
Interest - 0.873%
Payment p/month - 613.29€
Financing does depend on individual circumstances, so for more information, to start the application process or even to secure your unit, contact the team TODAY on info@idealhomesinternational.com, give them a call on 00351 289 513 434 or head on over to www.idealhomesinternational.com to check out Ideal Homes extensive property portfolio.
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