1 bedroom apartment Faro, Portugal

This fantastic new hotel complex on the banks of the river is located in the heart of Faro, the largest and most historic city of Algarve. The building is located just 7 km from Faro International Airport and is surrounded by some of the best restaurants in the city and tourist attractions. The hotel with 133 rooms will be managed by an internationally recognized hotel brand and is built by a famous developer with a large track record. Promotions are estimated at 280,000 euros, and the developer also offers guaranteed ransom after six years. This project qualifies as a tourism commercial project and, therefore, complies with Portugal's new Golden Visa legislation for 2022. Investors can apply for a Portuguese residence permit by purchasing a share of this property for only 280,000 euros instead of 500,000 euros. Five years later, residence permit holders can apply for Portuguese citizenship. INVESTMENT FEATURES: Get a stake in the project for & euro; 280,000 ( plus fees ); Get seven days of free stay in the year;Managed by a global hotel brand; Developed by an international development company with extensive experience; The developer offers guaranteed ransom in 6 years; Save 11,375 euros & mdash; IMT is paid by the developer; Save 24,150 euros & mdash; VAT pays the developer; Release of IMI during construction; Expected start of operation: 3 square meters. 2024 K YOUR SERVICES: 133 rooms PoolBar and RestaurantSports & nbsp;