Just when you thought Portugal’s coastline properties couldn’t get any more impressive, a stylish and contemporary golf estate, conceptualised and designed by 23 Portuguese master architects (including Siza Vieira, Eduardo Souto Mouro and Nuno Graça Mouro) enters the market.
“Designed with an aim to balance modern architecture with the tranquillity of nature, the golf resort and estate beautifully integrates with Portugal’s unspoilt Silver Coast. It is truly an architectural masterpiece,” says James Bowling, chief executive officer of Monarch&Co – a leading residency and citizenship programme facilitator in a number of territories and countries around the globe.
The estate will boast a five-star luxury hotel with 120 rooms and 8 suites, as well as a PGA 18-hole championship golf course designed by former golfer Donald Steel. “The estate forms part of the renowned European Tour Properties Organization, making it a world-class European Tour golfing destination,” adds Bowling.
In addition to the above, the 1,576,210 sqm walled-in estate includes a selection of 601 (of which over 400 units have already been sold) fashionably furnished, fully serviced and managed, 1 to 3-bedroom townhouses and/or 3 to 4-bedroom villas, available for 10 weeks personal use per year.
“With rental guarantees of 5% for the first three years, the units are competitively priced, ranging from €250,000 for a 154 sqm 1-bedroom townhouse to €450,000 for a 467 sqm 3-bedroom townhouse,” says Bowling.
Private villas with pools range from €650,000 for a 521 sqm 1-bedroom to €750,000 for a 288 sqm 4-bedroom.
“The resort is also unparalleled and flawless in its communal offerings,” adds Bowling.
The above consists of necessities in the form of the main reception building, a large commercial area with office space, convenience stores and laundry facilities.
A large children’s playground, main swimming pool with bar area, four tennis and two padel courts, a football pitch, multi-sports field, horse riding facilities, clubhouse with pro-shop, snack bar and fine dining restaurants meet all outdoor sports and entertainment needs.
Services include 24/7 security as well as shuttle transfers to and from the sea, which is a mere 5 minutes away.
Lisbon airport is 50 minutes away.
Elaborating on the estate, Bowling says the development meets the qualifying criteria for a real estate investment on the Portuguese government’s ever popular Golden Visa Programme.
This means that non-European Union nationals (including their immediate qualifying family members) can apply for Portuguese residency and citizenship when investing a minimum of €500,000 in any of the townhouses or private villas above.
Those seeking a pure investment (without applying for the Golden Visa) are also welcome. Bowling explains, Portuguese banks can offer up to 60 – 70% loan to value with effective interest rates of 1,75% for loan periods of 20 – 40 years.
Currently, property prices in and around Portugal are increasing at almost double the European average. “While other European Union countries registered 4% growth on property indexes, national prices registered growth of 7.9% for the first quarter of 2017. This is set to rise to as much as 30% in the coming months due to Portugal’s unique position to offer political and social stability to foreign investors,” concludes Bowling.
*Foreign investors are not required to emigrate, and only need to visit Portugal for seven days in the first year of residency and on average 7 days per year thereafter.
