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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.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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