2BR+1 Bi-Level Apartment in Prestigious Vilamoura Marina - Algarve

Features: Genre: Bi-Level Apartment Purpose: Sale Location: Vilamoura Marina - Algarve Bedrooms: 2+1 Bathrooms: 2 Full / 1 Service Total Area: 97m² Construction Area: 83m² Construction Year: 1992 Energy Rating: D Value: 475.000 € 2BR+1 duplex apartment, ideally located in Vilamoura Marina with fantastic SEA view!!! On the second floor without elevator, this apartment comprises a large and bright living room with stunning views over the Marina, equipped open space kitchen, storage room and service bathroom. On the upper floor there are three bedrooms, one of which is en-suite and a complete bathroom with shower. The apartment has a private parking space outside. Equipped with air conditioning and double glazed windows. This apartment presents an ideal investment opportunity to monetize its rental opportunity due to its excellent condition and location, close to beaches and golf courses. Surrounding Area: -25 kms from Faro Airport -2 kms from Area Golf Courses -Walking distance to beach -Walking distance to restaurants / coffee shop / bars / shopping area -Services -Public transport Vilamoura is one of the largest recreation centres in Europe. The resort town is known for its natural beauty, warm climate, mineral springs and peaceful relaxation. The perfect place for seafood and wine lovers!!!... Why invest in real estate in Vilamoura???... Vilamoura is one of the leading tourist destinations in Portugal and is on the way of becoming one of the most popular in Europe. Golden beaches and crystal waters, numerous opportunities for sports and entertainment, luxury buildings and the internationally famous port and marina, make it a modern city with extremely high life quality. The apartment is in the heart of the marina and it is constantly expanding its borders and investors interest in it is growing. What are the reasons for this and why it is worth investing in properties in Vilamoura???... Popular tourist destination.. Vilamoura welcomes more than 500,000 tourists a year, with the trend to increase. The marina offers opportunities for relaxation to those who seek peace in luxury and beautiful sea views, as well as to lovers of dynamic nightlife and water activities. Vilamoura is a modern and developed area with 6 world-class golf courses, a tidy and comfortable road network and many green small parks. The world-famous Marina is a starting point for many adventures. Security for the real estate market... The real estate market in Portugal is secure, requiring all necessary registrations in the process of purchasing. The Central European Bank manages inflation, the exchange rate and interest rates, so the financial risks in the country are minimal. Relieved tax system and ease of bureaucracy... Portugal has introduced many tax breaks to attract more investors. In this way, it stimulates the development of its economy. In 2004 inheritance tax has been removed and income tax outside the country is the most minimal. Fiscal benefits for retirees have been introduced. All this contributes to the interest in the Portuguese citizenship and business opportunities for the foreigners. Another option for foreigners coming to Portugal is to apply for Non-Habitual Residence. This tax status offers an exemption from income tax generated outside the country during the 10 years of the program. To help the businesses even more, the government has drastically cut the bureaucracy. High return on investment... Property prices in Vilamoura can range from €2,800 EUR to €6,300 EUR per square meter, depending on how luxurious they are. The return on investment from rents in Portugal is one of the highest in Europe. According to statistics, gross rental income varies from 8% to 14%. Real estate investors are expected to benefit from the crisis... Despite the crisis over the COVID-19 pandemic, the interest of foreign investors has not diminished, actually it is even expected to have a strong economic return after the crisis is resolved. According to the INE (National Statistic Institute), real estate investors will be one of the main winners of the crisis, as that the reason for rising property prices in recent years is the pursuit of recovery from the previous crisis. Safe place for a new home... Due to the pandemic, many families have an interest in becoming citizens of the safest countries in the world. The Portuguese government is working hard for good living conditions. Portuguese citizenship is preferred because of support programs, tax breaks and security. By acquiring a Portuguese Golden Visa, non-EU citizens who invest in a property worth at least €500,000 EUR have the opportunity to reside in Portugal for 5 years and travel to the Schengen countries. After these five years, they may apply for permanent citizenship. Good time for investment... From the crisis in 2014, property prices in Algarve rose 14.7%. Despite the increase, properties in Vilamoura are continuing to attract foreign investors. Trends are showing that the prices are going their rise. Given the values of the euro, this is a good period for investing in real estate. Quality of life... Algarve is one of the best destinations for living, investing, retiring and implementing projects. A well-arranged health system, good internet, low costs and safety contribute to the high quality of life. Here are some of the most beautiful beaches in Europe with more than 300 sunny days a year. Clean air and beautiful nature are one of the priceless riches of this area.

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