Prices & Finance

Property values in Palheiro range from Euros €325.000 for a 1-bedroom apartment in Palheiro Village, to over €3.000.000 for a large, custom-designed villa on an individual villa plot.

With increasing evidence that the worst of the worldwide recession is over, confidence is beginning to return to the international property market. To draw attention to the newly completed Palheiro Village development, Palheiro Real Estate has introduced innovative offers aimed at both investors and lifestyle buyers:

• Investor Offer – low entry costs and a gifted furniture package will interest those primarily looking for investment potential. With up to 80% mortgage funding available and 10% of the purchase price deferred, only 10% purchaser equity is needed. Palheiro Real Estate furnishes the property to a high standard and places it into its rental programme for 3 years, with a guarantee that net rental income will pay the deferred part of the purchase price. The purchaser is able to use the property for up to 12 weeks per annum (please note: limitations and conditions apply) and after 3 years, the Purchaser receives the furnished property, with an established rental income available;

• Lifestyle offer – Palheiro Real Estate offers to pay purchase closing costs, plus an initial holiday period from development charges. Specially tailored offers are available for those interested in golf and sport fishing.

With construction and planning approval formalities complete, Palheiro Village offers the opportunity to purchase newly completed property, designed and constructed to a high standard, with facilities and services available and the potential for an immediate income stream from property rental.

The rental activity in Palheiro Village is currently in its second full year of operation. The potential for property rental is already apparent, with realistic rental values being achieved and healthy occupancy levels.

Finance
Several banks offer attractive mortgage packages for national and international buyers.

One example is the package available through Banco Espirito Santo, with up to 30 year mortgage term (with a maximum age of 80); interest only available for an initial period; and loans available up to 80% of valuation.

Please contact us for more information about prices and mortgage information.