Apartments in a completely renovated three-storey building in Faro. The project offers exclusive apartments with an area from 70 m². All apartments are furnished, have their own balconies and access to a communal rooftop garden. The management company deals with all business issues. Guaranteed yield — 4% per year.
The project was approved for the program ”Residence permit in Portugal by investment“. Until the end of 2021, with the purchase of this object, you can apply for a residence permit in Portugal. In 2022, projects in Faro will be excluded from the program.
Location and nearby infrastructure
Faro is the capital of the Algarve region in the south of Portugal. The region attracts many tourists due to its mild sunny climate, developed infrastructure, picturesque coastline and many beaches, and the international airport, located 15 minutes from the city, makes the region easily accessible. Besides tourists, Faro is popular with expats from developed countries in Europe, UK, USA and China.