We are proud to be able to offer you an amazing investment opportunity in Portugal’s popular Algarve region, a municipality in Southern Portugal known for its walled old town with picturesque squares and churches, expansive seaside cliffs, stunning Atlantic beaches and a buzzing nightlife. This beachside resort is under refurbishment with works conclusion scheduled prior to December 2020.
The hotel refurbishment project in Portugal was launched only two months ago and is already 60% sold out so time is of the essence for investors!
The pleasant and safe Lagos city is located just a few minutes from the Hotel, with a charming historical center. The Lagos’s county has adopted the Cittaslow trend, which promotes a moderate lifestyle in order to achieve a better quality of life. The Algarve region has won, for 5 consecutive years (2012/2017), the award for best beach destination in Europe, attributed by the World Travel Awards.
- Rooftop restaurant & pool
- Executive lounge
- Health club
- SPA circuit
- Interior pool & jacuzzi
- Turkish bath
- Zen garden
- Kid’s club
- Event room & catering service
- Parking lot
Additionally enjoy a 7% minimum yield, with up to 10% yield depending on the hotel’s occupancy rate. There is an optional buyback program, no condominium or maintenance fees for the first 15 years of ownership, and includes 14 days of vacation per year for 15 years. Studios are available from €149 000 with city and sea views available.
Tourism has grown more than 10% a year since 2014 and its weight in the national economy jumped from around 4% of GDP before the crisis to more then 8% in 2018. By 2021, it is expected to reach 9.3%, according to the forecast of the Bank of Portugal. According to the National Statistics Institute, this growth will triple between 2019 and 2021 due to the preference that tourists have more and more to visit, invest and live in Portugal.
Located at the edge of Europe, Portugal has a strategic position with key access to world markets with daily flights to all major cities. Portugal is the most peaceful country in the world, according to the Economy and Peace Institute, without political turbulence.
We look forward to hearing from you and sharing more details about this exciting investment opportunity in Lagos, Portugal.