Algarve Portugal - £5,000 Cash Required - Gifted Deposit, Closing Costs and Buying Taxes
 
 

International are delighted to announce that we have managed to negotiate a handful of Pre Launch units on two further beach front Algarve developments. Both are located less than 30 miles West of Faro Airport!

These exceptional developments are newly constructed and are offered to the investor fully managed by a global hotel and resort management company.

The Algarve captures an all year rental market, for it boasts a wide selection of ‘blue flag’ beaches and offers numerous attractive 18 hole golf courses within a short drive. Attractive flight times from Central and Northern Europe, ensure Portugal remains a hugely popular destination. Both resorts provide excellent investment potential.

Deal Structure

  • Only £5,000 cash requirement (inclusive of administrative costs)
  • Developer pays the 20% deposit on your behalf
  • All standard closing costs and purchasing taxes paid by developer
  • 2 Year mortgage cover capped @ 5%
  • Year 3 onwards share of nightly room rate
  • (60/40 in investors favour)
  • Pooled income
  • 5 Weeks personal usage

Key Features

  • 4 Star quality
  • Fully furnished
  • Beach front locations

Finance Particulars

  • 80% LTV subject to status
  • Lender is Banif Bank
  • 30 Year mortgage term
  • Loan must conclude by 75 years of age
  • Interest only 1st three years, interest and repayment thereafter

Faro Airport Car Hire