Return on investment is guaranteed, with an annual minimum of 5% of the sales price for the first 3 years.
Formosa Park Hotel Apartments ensure a return on investment with an annual minimum of 5% in the first three years, with a right to use the apartments up to 15 days a year*. After the 3 year period, owners will continue to share in the rental revenues of the resort. An apartment in Formosa Park Hotel is the ideal investment for obtaining a residence visa in the Schengen area (Golden Visa) or as a simple capital investment in real estate in a prime location.
Formosa Park Hotel Apartments will be totally renovated, furnished and equipped.
*The period between June 15 and September 15 does not apply as days available for personal use of the apartment.
Formosa Park Hotel apartments will be modern and luxurious residential units with large interior and exterior spaces. The breath-taking natural environment blends in with the elegance of the contemporary architecture and decoration to attain the perfect equilibrium of design, comfort, and respect for the surrounding nature. These magnificent apartments are literally on top of the ocean and within walking distance of one of Algarve´s best beaches, Ancão beach.
The development comprises 61 luxury apartments, of one or two bedrooms (T1 or T2), with areas ranging from 67 sqm to165 sqm. Many of the apartments have a superb view of the blue ocean and others over the soothing view of mature pine trees and gardens.
Works will start at the end of 2018 to have everything functioning in the summer of 2019.
The scenery changes as we go from east to west. The east, near Tavira, lies the Ria Formosa Natural Park, a protected lagoon area full of birds and flamingos. Many of the untouched sandy beaches are secret hideaways that only have access by boat.
“In the Algarve, you can experience perfect harmony between the bustle of the city and the refuge, tranquility, and beauty that nature offers in the purest sence.”