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Secure a Golden Visa by Investing In Algarve, Portugal

Writer's picture: Holmes Properties And REITHolmes Properties And REIT

Secure a Golden Visa


Sea View Apartments

Gated property with 24-hour reception

Pools, landscaped gardens & rooftops

Unlimited personal use

Prices from €450,000



Availability:

1 - 2 bedrooms

Price:

From €450,000

Estimated Completion:

Q2 2024

Tenure:

Freehold

Rental Yield:

5%




Why Algarve?

The Algarve is the most touristic region of Portugal

The Algarve was voted 2018 'Best European Region in Tourism and Gastronomy'

Tax advantages - there is no inheritance or gift tax and no wealth tax in Portugal

Popular year round holiday destination popular with holidaymakers and golfers alike

Secure a golden visa with investment from €400,000

Enjoy excellent quality of life - sunny Mediterranean climate, beautiful



Full Description

Introducing Nomad Bay, our boutique new build sea-view development on the Algarve.


All apartments feature floor-to-ceiling windows, fully blending the bright and spacious indoor spaces with the outdoor terraces. Globally inspired furniture and materials, attention to detail at every step, delivering elegance, comfort and functionality.


Nomad Bay’s location ensures excellent connectivity to what makes the Algarve fabulous, as well as the exclusivity and intimacy of a private resort to enjoy with friends or family.


 

Services & Amenities

Gated property with 24-hour reception

Resort transportation and beach shuttle (high season)

Pools, landscaped gardens and rooftops

Restaurant & Bar

Gym

Underground parking & storage

Serviced Rentals

Maintenance & repairs

Other on-demand services



Location

Overlooking the ocean and located in Carvoeiro, a charming seaside village, Nomad Bay enjoys unique views and countless activities.


Only a few minutes away from the beach, fine dining, beautiful golf courses and conveniently close to Faro International airport. Acclaimed for its Mediterranean year-round climate, the Algarve is one of Europe’s top beach destinations and a world-renowned golf retreat. With residents from all over Europe, and activities 365 days a year, it is also one of Portugal’s leading regions in terms of economic growth.


Find yourself seduced by its world-renowned beaches, warm waters, impressive rock formations, grottoes, multiple islets, and rich marine life.



Algarve

PORTUGAL

The Algarve is one of the best places to invest in property in Europe. Sun, sea, and good rental income are just some of the reasons why investors from all over the world are loving this region of Portugal.


This stunning southern region of Portugal has always been one of Europe’s most popular tourist destinations, particularly amongst Brits looking for a place in the sun. And as tourism returns, hotspots such as the Algarve are set to be as sought after as ever.



Tourism

Stretching along Portugal’s beautiful south coast and looking out onto the Atlantic, the Algarve offers an incredibly varied experience. For families looking for a coastal holiday, there is a host of world-class beaches and resorts. The towns offer the benefit of a buzzing nightlife, and waterparks which will keep the kids (and some adults) entertained all day.


For those who want to get away from the tourist hustle and bustle, there are beautiful whitewashed fishing villages where you can experience a more authentic way of life. The Algarve is often associated with traditional tourist resorts and packed beaches, which might not appeal to everyone. However, with more than 200 miles of coastline, there are plenty of more secluded bays to enjoy. Turning inland, you’ll also find mountainous landscapes, spectacular scenery and tranquil nature reserves.


As tourist destinations go, the Algarve has everything – with plenty of amenities, good connections and a welcoming population. Having long positioned itself to cater for tourists, English is spoken widely across the region.


With a 179% year-on-year increase in international arrivals, the Algarve is recovering strongly from the pandemic. People from around the world are returning to their most beloved holiday destination, and the future looks bright. With an estimated growth just shy of 5 per cent, the travel and tourism sector is expected to surpass pre-pandemic levels in 2023.


Economy

The Portuguese economy is considered one of the success stories of Europe. After the crisis of 2008, it recovered strongly, attracting private investment and seeing GDP take a leap forward.


With private investment came a surge in property prices. Most recently, Portugal house prices rose 13% from 2021 to the end of the first quarter of 2022 based on year-on-year data. This marked the largest increase recorded since the Instituto Nacional de Estatistica started recording housing market data in 2010.


Demonstrating one of the strongest growth rates in the EU, Portugal’s real GDP increased by 5.9 per cent in 2022. In the future, tourism remains key to the Algarve’s economy, and the prospect for overseas buyers remains as it ever has been – excellent.



Our experts say

“Having forwent their holidays during the pandemic, tourists have an appetite to make up for lost time. With this, we’re seeing a bumper in Algarve tourism that has pushed visitor numbers just shy of pre-pandemic levels.”


“With one of the strongest economic growth rates in the EU, Portugal continues to be an attractive place for foreign investment.


And, with incentives offering investors residency, the future for real estate in the area looks bright.”


– Tom Haworth, Property Consultant



How to get there


By road

Once at Faro, the drive to the most popular destination in the Algarve will take about an hour. Driving in the Algarve is relatively easy when compared to the larger Portuguese cities of Lisbon or Porto, as the roads are generally quiet with low levels of traffic. Most visitors collect their car from Faro airport, and this saves on transfer costs and delays.



By train

The length of the Algarve rail line is approximately 140 km. It crosses the entire region from east to west, from Vila Real de Santo António to Lagos, with 30 train stations in total. The only link to other train lines occurs at the Tunes station, near Albufeira, establishing the connection with the south line towards Lisbon. Currently there is no direct train connection between the Algarve and Spain. International trains are only available from Lisbon and Porto with the connections Lisbon-Madrid-Hendaye and Porto-Vigo respectively.



By air

Air travel is the fastest way to get to the Algarve. Faro airport is only 3 hours from most European destinations. There is another small airport in the Algarve, in Portimão, though it receives far fewer flights.



By boat

There are no direct boats to the area, but there are lots of boat excursions on offer. From sailing trips to snorkelling in the Benagil Caves, there are plenty of ways to explore Algarve’s extraordinary coastlines.



Why invest

As a destination for a second home or any kind of overseas property, the Algarve will always be a popular option. An outstanding climate and a regular source of rental income when the property is vacant make the region perfect for anyone who wants a second home in the sun.


A pleasant lifestyle, with plenty of amenities, entices holidayers and expats from around the world. A relatively low cost of living compared with other major European countries also gives you plenty of value for your money.


The Algarve was named the best place to retire to by Forbes magazine for its amazing living conditions and sun-kissed climate. For anyone who’d like to spend their golden years in the sun, it remains top of the list.


Portugal has purposefully set itself up to appeal to overseas investment through its Golden Visa programme, which offers residency for people who invest €500,000 or more in Portuguese property (or €350,000 reduced option). While there are restrictions to buying property in prime areas like Lisbon and Porto, Portugal’s Golden Visa remains an extremely attractive proposition.


The market is robust, with good demand from people of all ages and all buyer types. As tourism picks up, it is likely to be familiar destinations such as the Algarve which experience the quickest pick up with alternative, off-the-beaten track locations taking longer to get back up to speed.


Overall, this is a resilient and dependable market promising good value. The uncertainty around COVID-19 has prompted investors to fall back on assets which they know and trust. Just as gold represents a popular fall back option to hedge against recessions, traditional holiday hotspots also represent reliable safe havens during challenging times.


For the short term and the long term, the Algarve will remain a property superstar.

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