VALE DE OURO
WESTERN ALGARVE
PORTUGAL
Description
Luxury lifestyle development in maturing Western Algarve.
Six year investment-three-year build period + three year rental guarantee totaling 16.5% - Just 20% deposit during build with 80% finance available from Prestige Mortgages.
Major resort letting management structure available. Six weeks off-peak personal usage for investors participating in the letting management structure.
Concessions available for sister resort, Parque da Floresta, leisure facilities including golf.
The resort is just 15 minutes from the historic town of Lagos in the Western Algarve and less than five minutes drive from the costal village of Salema. Following the opening of the new Western Algarve motorway Vale de Ouro is just a one-hour journey from Faro International Airport.
The Algarve has been a popular tourist destination for the last 25 years. The Central Algarve fuelled the initial demand; however, over the last few years the Western Algarve has grown in popularity and is now driving growth in property sales for the area.
According to figures based on Vale de Ouro’s sister resort of Parque da Floresta, capital growth figures range from 60%+ over the last three years for a village house to 80%+ for independent villas with private swimming pools.
Figures also show that occupancy levels have remained steady over the past three years and rental returns now average 3.5% gross.
The resort will begin construction in 2006 and is estimated to complete in approximately three years. With just 20% deposit required during this time, investors can benefit from full capital appreciation on the property during the build period.
Following this, Prestige Group is offering a three-year rental guarantee of 5.5% gross to all purchasers. This significant return in the early years will provide security for the investment giving the resort sufficient time to mature and establish itself within the tourism market.
Vale de Ouro is a golfer’s haven, with no less than three high-quality courses in the surrounding area. The nearest is one of Europe’s most picturesque, Parque da Floresta. The course has been host to recognized events including the Europro Tour Championship Final and ex-Premiership and England footballer, David Seaman’s “Safe Hands” Charity Golf Classic.
Vale de Ouro’s sister resort also offers four tennis courts with a choice of surfaces, access to the Spa Floresta - one of the Algarve’s leading health and beauty centers and a world-class marina is also planned for construction within a few miles of the complex.
The Vale de Ouro resort will boast its own tennis court and swimming pool (exclusive to residents) and will incorporate its own bar and restaurant facility dedicated to the community, thus allowing occupiers to make the very best of the leisure lifestyle.
The lavish architectural design of the exclusive Vale de Ouro complex complements its idyllic hillside setting and draws on traditional Portuguese architecture, incorporating terracotta roofing and whitewashed exteriors. Building standards are extremely high quality and features include granite worktops, electrical appliances in the kitchen, under-floor heating, air-conditioning and ceiling fans as standard.
Prestige Interiors is also able to fit out each villa to complement the building’s design furniture and accessories to suit a range of budgets.
97 Village Houses Prestige Group will launch the first phase of 34 units on Thursday 9th July, 2006. Second and third phases will reflect increases in unit prices.
For additional information please contact sukey@sukeyholzman.com.
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Price, terms and availability of the property is subject to change without notice. This is an equal housing and credit opportunity. This promotional effort is not intended to constitute an offering in violation of the law in any jurisdiction. Complete offer information is available upon request. Models do not reflect any racial preference.
Disclaimer for US Residents: NO DEPARTMENT OF REAL ESTATE LOCATED WITHIN THE UNITED STATES HAS EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE COUNTRY WHERE THIS SUBDIVISION IS SITUATED.