Real Estate Investor Magazine South Africa October 2018 | Page 52

PORTUGAL
Guaranteed 5%
per annum rentals in Algarve
Why buying, off-Plan in the prestigious Silves Golf Resort, in Algarve Portugal, is a very attractive
investment Proposition, particularly when the developers Pestana Group is offering a guaranteed 5%
per annum rental.
B
y the time the Golf Resort is expected to reach com-
pletion, its prices will be poised to rise due to market
trends, and a greater general appeal in purchasing a
complete finished property.
Algarve is Portugal’s most popular holiday resort, boasting
more than 48.9 million hotel bookings with 17.4 million
tourists visiting it every year, to enjoy its outstanding natural
beauty, its mild climate, and its inviting long golden beaches
where they can expect more than 3.000 hours of sunshine a
year, affording all-year-round outdoor sports, especially golf.
Algarve golf courses are considered one the best golfing
destinations in the Europe: www.visitportugal.com
Pestanaproperties launched in January 2018, Silves Golf
Resort on its prestigious 18 holes Silves Golf Course.
First phase of construction is already under way, which
comprises 40 Villas with private plots of 1000m2 and 108
Duplex apartments built around its attractive Silves Golf
Course.
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OCTOBER/NOVEMBER 2018 SA Real Estate Investor Magazine
The resort was developed bearing in mind its serene spot at
the foot of Monchique mountain, overlooking palm trees and
olive groves, the surrounding cork and citrus farms generating
a true feeling of authentic Portuguese rural landscape.
Purchase prices start at € 150.000 for Apartments and
Villas up to € 550.000, with only a € 10  000 initial deposit
being required, to secure the property of your choice.
If one considers the fact that as a non-resident, you only
require 30% of the purchase price for deposit, and raise 70%
Mortgage at 1.80% p.a, this, by itself, makes it indeed a very
attractive Investment proposition.
Another important consideration to bear in mind, is that
Off-Plan prices never remain low for too long, since prices
will begin to rise steadily as construction progresses, with early
investors invariably enjoying the highest returns.
Pestana group is the largest multinational group in Tourism
and Leisure in Portugal,
25th in Europe and 125th in the world.