Annen kjøp i Faro, Faro

The Portugal Golden Visa programme has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the investor visa programme has been actively promoted internationally attracting over one thousand main applicants each year. An investment of €500,000 (€280,000 or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The Riverside Hotel Faro was designed under a distinct concept: A vibrant modern colour palette in the interiors, complemented by natural light and locally influenced design and decor. Faro is the largest city in the Algarve region, known for its beautiful historical heritage and its outstanding beaches. The city has all the essential day-to-day services nearby, along with excellent restaurants serving the region's traditional dishes and tremendous tourist spots to visit. Co-ownership hotel project (with guaranteed buyback) - 280k Euros: Project name: Faro Riverside Hotel (4-star hotel, Indino by IHG) Total project investment: 40.6M euros Amount of investment per investor: EUR 280,000 Sale quota: 145 (investors) Room number: 133 Expected start time: September 2022 Expected completion time: Q3 2024 Minimum investment period: 6 years Hotel operator: AHM Hotel Management Tax benefits: developers donate property transfer tax (IMT) and property value added tax (IMI) is exempted during construction. Ref: PP173087 Property Features Commercial New development