Nomad Residences @ Nomad Bay Resort- Carvoeiro, The Algarve (Reduced 400,000 EUR Qualifying Project)

 Portugal Residency / Posted 3 months ago by David Lincoln / 281 views

Nomad Bay is a high-end beach resort located in the heart of the Algarve, Portugal in the picturesque town of Carvoeira. The popular yet traditional Beachtown in Portugal features stunning golden beaches and incredible natural scenery.

As a primary residence, holiday home or investment property the exclusive beach resort has 74 highly valuable 1-3 bedroom appartments each with private terraces and their outstanding views over the sea and/or the surrouding landscape.

Structured as a hotel chain with both centralized management and local on-site property staff, apartments are marketed within the Nomad Bay brand, and made available for rent through an internal reservation centre, and available on the main global rental platforms.

Investors are free to occupy their apartment seasonally, or year-round, as well as benefit from the resort’s services and amenities making the project perfect for those interested in the highly desirable Golden Visa program, with the opportunity for solid annual returns to be made through Nomad Bays property management service. Golden Visa clients looking to obtain permanent residency and/or citizenship are only required to visit Portugal 7 days per year over the 5 year period before being eligible to apply and which can be achieved through annual stays at Nomad Bay.

Since the project is located in a lower density area it also qualifies under the Golden Visa program at a 20% reduced investment. Usually investors would require a minimum investment of 500,00 EUR in property to qualify, however those that purchase Nomad Bay appartments at just 400,000 EUR will be eligible to apply for the Golden Visa.

The gated community with it’s 24-hour reception includes services such as resort transportation and a beach shuttle service during high season, along with maintenance, repairs, the use of the underground parking, storage facilities and other on demand services.

In terms of amenities, property owners and their families are treated to absolute luxury with gorgeous pools, landscaped gardens and rooftops, high quality restuarants and bars and a fully equipt gym.

Those that decide to call Nomad Bay their full-time home will enjoy 300 days of sunshine the Algarve just steps away from the most perfect golden sands the continent has to offer. Nomad Bay and the Algarve are a match made in heaven, this truly a remarkable destination.

 

  • Enables residence and/or citizenship in:: Portugal
  • Enables owner's visa-free travel to:: EU/Schengen
  • Price range: US$100,000 - US$250,000, US$250,000 - US$500,000, US$500,000 - US$1 million
  • Ownership type: Freehold
  • Minimum holding period to maintain residence/citizenship status: 5 years
  • Construction status: Under construction
  • Property type: Apartment
  • Income-generating property: Yes
  • Annual maintenance costs borne by the buyer: Yes
  • No. of rooms: 1, 2, 3
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