GOLDEN VISA €280k Investment With Guaranteed Buy Back.
€ 280,000£ 241,369$ 295,615
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Faro, Eastern Algarve
Ownership Status: Developer
Built in: n/a
The Portugal Golden Visa programme has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the investor visa programme has been actively promoted internationally attracting over one thousand main applicants each year. An investment of €500,000 (€280,000 or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children.
The Riverside Hotel Faro was designed under a distinct concept: A vibrant modern colour palette in the interiors, complemented by natural light and locally influenced design and decor.
Faro is the largest city in the Algarve region, known for its beautiful historical heritage and its outstanding beaches.
The city has all the essential day-to-day services nearby, along with excellent restaurants serving the region's traditional dishes and tremendous tourist spots to visit.
Co-ownership hotel project (with guaranteed buyback) - 280k Euros:
Project name: Faro Riverside Hotel (4-star hotel, Indino by IHG)
Total project investment: 40.6M euros
Amount of investment per investor: EUR 280,000
Sale quota: 145 (investors)
Room number: 133
Expected start time: September 2022
Expected completion time: Q3 2024
Minimum investment period: 6 years
Hotel operator: AHM Hotel Management
Tax benefits: developers donate property transfer tax (IMT) and property value added tax (IMI) is exempted during construction.
Faro has retained its peaceful ambience and traditional charm that is centred around the pretty walled Old Town.
It is situated on the edge of the Ria Formosa national park, a series of saltwater lagoons and mudflats that are a haven for migratory birds and wildlife. The city is very scenic, especially within the old walled town and area surrounding the marina.
Faro boasts more historic monuments and buildings than many other Algarve towns, while the pleasant shopping zone is lined with open-air cafes and designed for Portuguese shoppers. Forum Algarve is a classic shopping center catering to all tastes.
Faro makes a great central base from which to explore the Algarve, and all it has to offer. It has some of the best beaches in the Algarve, very tranquil and quieter than its neighbouring beaches, yet still with plenty of bars, restaurants, amenities and activities to choose from.
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