Algarve Apartments 25% Deposit Paid

Description

For just £2,250 commitment fee, you could enjoy a beautiful holiday/investment property, cost free for one year, in one of the hottest tourist markets in the world and secure a hands-off, hassle-free investment. Located in a charming fishing village only a few a minutes' walk from the beach and near golf courses. Closing costs are paid for you, saving you €10K+. Finance available 75% LTV (subject to status). Instant equity of €42.5K+.

Location

The Algarve really does have it all -- long sandy beaches and secluded coves, historic towns and spectacular countryside, world class golf courses, fantastic nightlife, and of course, a superb climate.

Olhos d'Agua is a typical small fishing village in the Algarve. It takes its name - which translates as 'Eyes of Water' - from the numerous fresh springs that bubble up on the beach.

The gently shelving beach is gorgeous and is perfect for families. At low tide, fresh water springs up from the sand creating delightful little fountains and pools.

Olhos d'Agua is located between Vilamoura and Albufeira - only 6 kilometres from Albufeira and a 10 minute drive to Vilamoura. Faro airport is just 30 kilometres away.

On the main street you'll find a selection of bars and restaurants. Walk down the hill to the beach and you can enjoy a stroll along the palm fringed promenade.

Albufeira is the tourist capital of Portugal. This vibrant and bustling town, still retains much of its ancient charm, with its quaint narrow streets and traditional architecture.

Renowned for its superb beaches of fine sand and crystal clear water, this is a place to simply relax and soak up the sun with 300 days of sunshine a year.

Then as night falls, this vibrant resort comes alive, with the many bars, restaurants and discos.

The Algarve has some of the world's top golf courses and has played host to many international tournaments. Whatever your level, you will enjoy these beautiful golf courses.

The Apartments

Olhos d'Agua Apartments - Located in the village of Olhos d'Agua, close to local shops restaurants which specialise in locally caught seafood and is only a few minutes' walk down a wooden track to the beach.

The apartments are located in the centre of the village where you will also find supermarkets, shops, bars, restaurants, public transport links and banks. There is also a market where you can buy fresh products every day.

The amazing beaches at Maia Luiza beach and Sta Eulalia are only a short drive away.

There are 58 one and two-bedroom apartments in the condominium all with entrance hall and balcony. The two bed penthouse has a large terrace and fabulous sea view.

The development has a fantastic swimming pool set in landscape grounds. Every apartment comes with underground parking with exterior parking available for visitors.

These apartments are only 3km from the golf course Olhos d'Agua.

Features

The apartments are fully managed for you so this is truly a hands-off hassle free investment:

The apartments include:

• Air conditioning
• Electric window blinds
• All electrical kitchen appliances
• Fitted wardrobes
• Thermal and acoustic insulation
• Double glazed doors and windows
• High security doors
• Lift to upper floors
• Water heating by solar panels

Prices

One bedroom - €170,000
Two bedroom - €180,000

However, all you pay is a small commitment fee of:

£,2,250 for a 1 bedroom apartment
£2,950 for a 2 bedroom apartment

And there is nothing else for you to pay to secure one of these apartments for yourself!

Even your buying costs are paid for you, which would normally have you out of pocket for a a minimum of €10,000.

Returns

1 Year Mortgage Guarantee - means the first 24 months mortgage payments are covered for you, IN FULL!!

Additionally, all condo costs covered for the first year - so no cash outlay from you at all

60% share of income year 2 onwards to cover all your costs

4 weeks free personal usage per annum worth €2,000+ every year to you

The apartments are fully managed for you. This is a hands off, hassle free investment

Not only are you getting 25% instant equity worth €42.K+ to you, but also you are getting some income from your apartment and paying off your mortgage.

Mortgages

To fit the bank's criteria, you will need to have a good credit rating and own a property.

Why Portugal?

Portugal is fast becoming an attractive destination for many who prefer its tranquillity and natural beauty to that of the over-developed coasts of of its neighbour Spain.

Portugal has much to offer visitor all year round with a lovely warm climate, clean water for swimming, unspoilt beaches, historic towns, stunning landscape, culture, cuisine, world class golf, and friendly locals -- thus offering a fantastic rental market waiting to be tapped into.

Portugal has excellent transport links to the rest of Europe - return flights are from as little as £150. It is just a 2 hour flight from most UK airports and other European cities.

There is also no over-development in Portugal, which has been seen in Spain. Developers and developers in Portugal have taken more care to ensure that the beauty of the country is not spoilt by over-build.

Portugal has been a very popular for foreign property investors for a number of years. The Algarve is the most population destination due miles of beautiful beaches and hot weather. It is still an excellent place to invest as the property prices are still strong.

The buy-to-let market is strong in Algarve due to high volume of tourists who visit the Algarve every year, many of whom return year after year.