Located in the southern region of Portugal, in the city of Faro – capital of the Algarve, this real estate project covers more than 5 hectares and will be composed of 37 magnificient villas, each one having its own private swimming pools.
The services offered set the tone and confirm the standing of the project; a true haven of peace under the open sky. This contemporary villa boasts spacious interiors, with a total surface area of 590 m², and benefits from a lush garden. The villa has 5 en suite bedrooms, a fully equipped kitchen, a superb wine cellar, a hammam and a gym. With its unique location and idyllic views of the ocean in the background, this exceptional project represents an exclusive opportunity.
To qualify as a Non-Habitual Resident (NHR) and become a tax resident in Portugal, one must have resided in the country for more than 183 days in a year, or prove that one wishes to settle in the country on a long-term basis (purchase of a property, long-term rental contract).
The NHR tax regime allows for tax reductions on income earned in Portugal, and exemption for certain types of income earned abroad.
With over 300 days of sunshine a year, the Algarve offers almost 200 kilometres of coastline and heavenly beaches, where white sand meets crystal-clear waters. This enchanting region is packed with breathtaking scenery, including the famous Benagil Caves in Albufeira.
Moreover, the Algarve is a true paradise for golf enthusiasts. With more than 50 renowned courses, this destination is very popular with players, both amateur and professional, and has even been endorsed by renowned champions. Close to the sea, these courses boast magnificent fairways that are perfectly maintained throughout the year, offering an exceptional playing experience.
While there are numerous activities on the seafront, the mountainous landscape also offers a wealth of marked footpaths, inviting hikers to enjoy superb walking or gourmet excursions through the region’s vineyards and olive groves.
Faro, the vibrant capital of Portugal’s Algarve region, serves as an attractive destination for tourists and property investors alike. An untouched and intimate town, surrounded by the Ria Formosa. This natural park, located between the city and the ocean, is home to a biodiversity that is unique in the world; a haven of peace for both migrating birds and local wildlife. An enchanting landscape where you can contemplate the stunning orange sunsets every evening from the comfort of your own home.
It boasts an enriching blend of rich history, delectable local cuisine, shopping, entertainment options, stunning beaches, and luxurious real estate villas.
The city’s culinary scene is a delight, featuring restaurants like Tasca do Ricky and Peixe Assado Moinhos do Grelha. Faro’s luxurious villas are conveniently located near these gastronomic hotspots, adding a dash of comfort and class to your lifestyle.
The city’s historic centre, with its colourful, flower-filled alleyways, is packed with traditional restaurants that blend harmoniously with the shops and bars that play lively tunes. Beyond the walls of the historic centre, the modern part of Faro also beats to the rhythm of the year. An authentic atmosphere, where people adapt easily and quickly blend into the picturesque setting.
Just outside the city, you’ll find the Roman ruins of Milreu and the Palace of Estoi. The palace, now a luxury hotel, is painted in delightful hues of pink and blue, reflecting the vibrant spirit of the Algarve region. The location is another desirable area for real estate investors.
With its unique location, close to the city centre and the beaches, and offering an idyllic panorama overlooking the Ria Formosa, with the ocean in the background, this exceptional project is an exclusive opportunity.
Reference: VI P1