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.
By the time the Golf Resort is expected to reach completion, 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.
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.
Celebrating this year, 45 years in tourism sector, Pestana Group holds a very strong and diversified presence in areas such as; Hotels, Golf Tourism, Real Estate, Vocation Clube, Travel Agency, Tour Operators, Casino, and Airlines.
The Group has a worldwide footprint in 4 continents, 15 countries, including South Africa Pestana Kruger Lodge at world renowned Kruger Park.
The group own a total of 90 hotels with 11 000 rooms, employ 7000 dedicated professionals and 3 Million guests per year, enjoy their hospitality.
Pestana group in 2016 achieved adjusted net assets of € 819 million (R126.9 billion) and revenue of € 347 million. Please visit www.pestanagroup.com for more detailed information on their financials.
In sunny Algarve they have a total of six Golf Resorts, with two European Golf Courses, Gramacho signed by Nick Price and Vale da Pinta designed by Fream.
Property owners enjoy special facilities on all six golf courses. www.pestanagolf.com
Cristiano Ronaldo, world’s most famous soccer player, has recently partnered with Pestana group and opened four PestanaCR7 boutique hotels, for the modern day millennial traveller in Lisbon, New York, Madrid and Funchal Madeira.
Pestanaproperties do indeed make a very tempting invitation to partner with the group by purchasing a property either Off-Plan at Silves Golf Resort, or at Gramacho Residences with immediate occupation and rental stream of guaranteed 5%p.a.
Entering into a “Partnership “by acquiring a property at Silves Golf Resort, or Gramacho Residence, is definatly a Hole in One.
= Starting prices € 60 000.00 = Personal tax at 20%pa
= 70% mortgage facility = Mortgage rates at 1.80% pa
= Guaranteed rental income of 5%pa
= € 10 000 Deposit to secure property = No Levies or maintenance costs.
= No Inheritance taxes. = Wealth and Risk diversification
= Occupy, Rent or Sell at any time.
= A “partnership “with a very successful 45-year-old Multinational group.
= Property may qualify for Portugal Golden Visa programme.
Depending on the amount invested, the property may qualify for Golden Visa Programme, which allows South Africans to acquire immediate residency for the entire family, including dependent parents, without having to immigrate out of South Africa.
South Africans ranked 3rd in number of foreigners acquiring Golden Visas in Portugal.
The Portuguese Golden Visa Programme is one of the most attractive and flexible in Europe with the view of acquiring a European Passport. Please visit Portuguese Immigration: www.sef.pt
As difficult as it may seem, investing off-shore with a week rand to the Euro, it is worth your serious consideration to diversify from local property and investment portfolios, and its exposure to inherent South African risks.
You stand a good chance that a property investment with Pestana Golf Resorts, will reap returns in capital growth, the potential of currency growth, plus a passive income of 5% in Euros and personal tax rate at 20%pa.
One may also consider gearing the existing property investment, which is generating 5.0% income per annum, to fund a second property at 1.80%pa.
Effectively generating a net income of 8.20% pa, plus capital growth of two properties.
With the accompanying Golden Visa benefits of Immediate Residence for the entire family, future European Residency and creating a possible tax structure, to retire with a personal tax rate of 10%pa. This certainly sets up a more diversified risk-free wealth creation and maintenance, for now and future generations in this globalized world.
Please visit our website www.pestanaproperties.co.za for more information on Silves Golf Resort and Gramacho Residences at Gramacho Golf Estate.
You may also read about Portuguese Golden Visa, the benefits of Tax Regime for Non-Habitual Residents with a view to future Retirement Planning.
Please be advised that mortgage rates may vary and are influenced by each financial property application.