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"New Don't Wait to Buy Property, Buy Property and Wait."

Villaggio Manique Location: Portugal / Lisbon Ref No: 100/2113 Type: Apartment Price: € 227,430 to € 329,362 Bedrooms: 2 - 4 Bathrooms: 1 - 2

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Property Description:
Following the successful release of Phase 1 Villaggio Manique, Cascais - 46 apartments reserved in 2 weeks – we are now pleased to offer 44 additional units for immediate off-plan sale. Phase 2 prices are based on an independent bank valuation less 21% discount.  In addition, a further €5,000 discount has been negotiated to reflect the enlarged economies of scale.  To support this incredible discount, we have pre-arranged a 100% finance package (subject to status) on interest-only terms with a Lisbon based bank.  We believe that emerging regions within established markets offers an excellent balance between risk and reward.  Portugal provides an ideal territory for this investment strategy:

• Stable EU economy
• Enduringly popular destination for UK investors and holiday makers (tourism growing year-on-year)
• Strong golf tourist industry
• Highly competitive mortgage market
• Established resale market
• Double tax treaty between Portugal & UK to reduce tax liabilities
• Low flight costs and under 3 hours from all UK airports
• Over 100 beaches in Algarve alone
• Channel 4's 'A Place in the Sun' Number One property destination 2005.

 Within Portugal we have identified 'pockets' in the Western Algarve and Cascais as strong regions to invest in.  Whilst the Western Algarve is a firm favourite with UK holiday-makers, this very situation makes it heavily reliant upon the UK and Ireland to drive demand and unlock investment potential, Cascais (given its proximity to Lisbon) is where the Portuguese Lisbonites holiday.  It therefore has the added advantage of being attractive to the domestic market as well as the UK market now being attracted to it's wealth of attractions.  This gives investors greater usage options – Buy-to-Let, traditional holiday rental, golf, or sale. The combination of research, experience, buying power and contacts has enabled us to successfully launch the AlmaVerde and Vale Da Ribeira resorts (Western Algarve) in 2005 and be over-subscribed in Phase 1 Villaggio Manique early in 2006.   The outline benefits of Villaggio Manique for investors are:

• Circa 21% discount on verified bank valuations (as at Dec 05).
• A further €5000 discount.
• Pre-arranged 100% mortgage finance based on 80% loan-to-value with Millennium / Banif bank – subject to status and final confirmation.
• Excellent build quality with top quality specifications.
• Underground parking for all apartments (above ground car-free environment).
• Private, gated community with state of the art security.
• €1M investment in hard and soft landscaping.
• Central facilities including swimming pool, sauna and Turkish bath, tennis court, gym and sports pavilion / bar.
• Potential for buy-to-let or holiday rental / personal usage. (In operation is a Holiday Rental service to help optimize rental returns)
  
  

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