This magnificent 67 sqm apartment, situated in front of one of the best Algarve’s beaches, has a living room, a kitchenette, a bedroom and a bathroom. The apartment will be fully furnished and equipped. The Formosa Park Hotel Apartments ensure a return on investment with an annual minimum of 5% in the first three years, with a right to use the apartments up to 15 days per year. An apartment in Formosa Park Hotel is the ideal investment for obtaining a residence visa in the Schengen area (Golden Visa) or for the NHR (Non-Habitual Residency status) tax regime, or as a holiday home, or a plan B, but mainly considering its future increase in value.
The development comprises 61 luxury apartments, of one or two bedrooms (T1 or T2), with areas ranging from 67 sqm to 165 sqm. The apartments can have a superb view of the blue ocean or the soothing sight of nature´s green. Works will start by the end of 2018 to have everything functioning in the summer of 2019.
The “Formosa Park” has the most prestigious location in the Algarve, in the “Golden Triangle” (Quinta do Lago, Vale do Lobo and Pinheiros Altos). Quinta do Lago and Vale do Lobo are part of the Ria Formosa Natural Park and are famous for their beautiful beaches. In addition to benefiting from a temperate climate, the resort’s location is exceptional and unique with magnificent golf courses and majestic villas nestled among tranquil lakes and fine sandy beaches of immense natural beauty.
Find out more about this development here.