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Property Frontiers Announces Cash Incentive For Algarve Condo Buyers
July 15, 2009Article by Ray Withers
LAGOS, PORTUGAL Thursday 16, July 2009: Buyers of a luxury new condo, can pick up a cash back bonus on a ‘new Algarve Property Investment, deal. Condominio-Panorama, at Lagos, Portugal, named after the great views of the city and sea from the apartments built on a hill on the outskirts of the city, offers buyers finance at EURIBOR +0.75% – currently 1.25% – and a 7% cash back to cover moving costs.
This luxury Mediterranean style building is built to an incredibly high standard, using the finest materials and fittings. Featuring two and three bedroom apartments as well as duplex and penthouse options.
Prices start at £242,000. The specification is top class and the block includes indoor and outdoor pools, gym, indoor children’s play area and beautifully manicured gardens that overlook the panoramic view.
“The developers have been building super-luxury villas for multi-millionaires on the Algarve,” said David Cox, of UK based international property consultants Property Frontiers that has the apartments for sale.
“Condominio-Panorama is their first condominium project, but they have completed it with the same style and quality you would expect in their other properties. Walking around the apartments and the extensive communal areas, I found it hard to believe that I wasn’t in a five star hotel; the finishing is really that good.”
The apartments are not an off-plan deal – they are already built.
Finishing touches at the Algarve Property Investment include security systems, electric roller shutters and underground parking. Some apartments have balconies overlooking the sea. “Whether you are buying for personal use or as a holiday rental, this is a rare opportunity in such a mature and secure market. It is also a market with prospects; as Europe’s baby boomers retire, the Algarve will continue draw home buyers and tourists providing a solid basis for good long term rental and capital growth.,” said Cox. “Properties of this quality will be in high demand. As such I have no hesitations in recommending this as a great property investment opportunity.”
For more information contact Property Frontiers on +44 (0) 1865 202700.