Alentejo Portugal Golden Visa qualifying apartments at €395K - 6% returns

 Portugal Residency / Posted 2 months ago by David Lincoln / 170 views

Alentejo Golden Visa qualifying apartment at €395k

Situated in Vila Vicosa, one of the Alentejo region’s best kept secrets, the new project from one of Portugal’s most renowned developers is offering freehold apartments at €395k. The investment is eligible for the Portuguese Visa and carries with it guaranteed returns of 6% with buyback, and IMT and IMI tax exemption.

Location

Alentejo is a fast growing region in the Algarve region of Portugal. Known as Portugal’s culinary heartland, it has a rich history to explore. Towns treasure their own specialities such as black pork, salt cod and wild mushroom and apsaragus dishes and and the fact that this area produces over half of Portgual’s wine, it’s not surprising that the area is being talked of as the country’s version of Tuscany.

In 2019, the Alentejo region set new records with the number of tourists visiting the area and pre-covid that trend was set to continue. Now, post-covid, domestic and international tourists are again discovering why Alentejo is such a prime destination point.

Architecturally, Alentejo enjoys a wealth of riches, from the historic town of Evora with it’s aqueduct and Roman Temple, to the World Heritage site of Vila Vicosa in the north east, where the development is being built.

The Project

Investors get the chance to invest in a project that comprises the rehabilitation of an historic Monastery built in 1590. The building and surrounding grounds will be restored and transformed into a luxury resort with 50 rooms, spa, indoor pool, restaurants, gardens, and 12 freehold apartments at €395k.

Key Benefits:

  • Portuguese Golden Visa qualifying investment
  • Located in the World Heritage town of Vila Vicosa
  • 7 days of free accommodation per year
  • 6% return
  • IMT and IMI tax exemption

Please see our other listings on IMI Real Estate here.

  • Enables residence and/or citizenship in:: Portugal
  • Enables owner's visa-free travel to:: EU/Schengen
  • Price range: US$250,000 - US$500,000
  • Ownership type: Freehold
  • Minimum holding period to maintain residence/citizenship status: 5 years
  • Construction status: Under construction, Pre-construction, For renovation
  • Property type: Apartment
  • Income-generating property: Yes
  • Annual maintenance costs borne by the buyer: No
  • No. of rooms: 1, 2, 3, 4
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