SOLD OUT! Situated in the picturesque village of Grândola, just a half-hour drive from the renowned beaches of Comporta, this brand new project will be a private residential condominium composed of three main buildings in a simplistic and modern style. The design concept of the project is inspired by the classic combination of white and wood, contrasting with the arid Mediterranean landscape that surrounds it. The project consists of 35 one and two-bedroom, freehold units ranging from €280,000 – €340,000. Interiors have been tastefully designed, with a calm and neutral palette to complement the surroundings. The delightful project also benefits from a large communal swimming pool and garden. The developer is offering investors a guaranteed rental return of 3% p.a or investors can choose a flexible return if they prefer.
The charming village of Grandola is located in the popular region of Alentejo, approximately a 1-hour drive to the capital city – Lisbon and Lisbon airport. Grândola also has its own railway station on the main line between Lisbon and Faro, Algarve. The demand for properties in Alentejo continues to be on the rise, and until 2022 prices have, on average, increased 18% per year since 2017.
PROJECT HIGHLIGHTS
- 1 & 2 bedroom freehold units;
- Private development;
- Prices from €280,000 – €340,000;
- 3% guaranteed rental option available;
- 30 minutes from some of Portugal’s best beaches;
- Completion date 2026;
- Golden Visa eligible under reduced legislation.
This fantastic new project qualifies for Portugal’s reduced Golden Visa programme under the new Golden Visa legislation for 2022. Investors can apply for a Portuguese residency visa by purchasing a freehold unit from just €280,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
