This is a unique opportunity to purchase property in a brand new residential development, Ria View, situated in Fuzeta, East Algarve. With spectacular views of Ria Formosa the luxurious apartments have been designed to offer privacy and comfort. This modern apartment comprises of two bedrooms, two bathrooms, open plan living/dining area, veranda and 2 covered parking spaces. This development is set within one of the most exclusive locations in the Algarve. Fixtures and finishings will be of the highest quality on the market and mod cons will include state of the art technology and a fully fitted kitchen with premium appliances. In addition to this, Ria View provides residents with access to outdoor leisure spaces, a communal swimming pool, pedestrian access to the Ria, parking and a condominium room where you can enjoy a private garden. Fuzeta is a fishing village full of character and charm, sharing its beach with the Ria Formosa it also has a beach that is on an island that's located on the east part of the Armona Island. This is slightly after the Ria Formosa and can be accessed by small fisherman boats, making the trip to the beach a memorable and enjoyable moment. Located within walking distance to a blue flag beach, Ria Formosa, and close to all amenities, these apartments are in the perfect location in the Algarve whether you're looking to buy an apartment to relocate to or use as a rental investment. Due to its prime location in a city recognised as a top holiday destination in Europe, you can feel confident knowing you will receive a high rental return on your investment and capital appreciation down the line. Faro airport is approximately 30 minutes from Fuzeta making it an easily accessible place for travellers, or homeowners, from all around the world. For more information, a breakdown of projected rental income or to reserve your unit, get in touch with the team today! Mortgage Simulation-duration/ period-30 years/,360 months Purchase Price: 574,200€ Deposit/Down Payment: 114,840€ Finance: 459,360€ Interest Rate: 0,9% Monthly Payment: 1,456.48 € Mortgage Simulation-duration/ period-40 years/,480 months Purchase Price: 574,200€ Deposit/Down Payment: 114,840€ Finance: 459,360€ Interest Rate: 0,9% Monthly Payment: 1,139.93 € Rental Simulation Season and rate per week Spring (01 April — 31 May)-1000 € Early Summer (01 – 30 June) -1200 € Summer (01 July — 15 September)-1400 € Late Summer (15 – 30 September)-1200 € Autumn (01 – 31 October)-1000 € Winter (01 Nov — 31 March)-800€
The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.