Golden Visa Algarve Eligible Investment for 2022
With the upcoming Golden Visa changes in January 2022 Lisbon, Porto and much of the Algarve will be off limits for investors looking to qualify for the Golden Visa. However there are some exemptions. Projects in allocated ‘low density areas’ will remain Golden Visa eligible for investors. This includes The Nomad Bay Resort which is located in an area of low density in the Algarve. The minimum investment threshold under this category will be €400,000.
Location
The luxurious beach resort is located in the heart of the Algarve in Portugal, known for it’s breathtaking golden beaches, clear blue waters and dramatic scenery. Nomad Bay is situated in Carvoeiro a small and charming beach resort town with an ample supply of shops, bars and restaurants that while lively. Carvoeiro offers a far more laid back atmosphere compared to the Algarve’s larger resort town making it an equally attractive place for long term stays as it is for tourism.
The Project
The high end beach resort features landscaped gardens, luxurious swimming pools, panoramic rooftops with sea views, high end bars and restaurants and a top of the range gym.
The gated community with it’s 24-hour reception will offer both guests and owners transportation around the resort along with a shuttle service to the beach during peak season. All maintenance and repairs are taken of for the owners who during their trips to Portugal can utilize the underground parking and storage facilities.
The Investment
On sale at the exclusive beach resort are a total of 74 high end 1-3 bedroom apartments. All of the apartments feature amazing views over the sea or naturally surrounding landscape from their own private terraces.
- 1 bedroom apartments available from €400,000
- 2 bedrooms apartments available from €500,000
- 3 bedrooms apartments from €650,000
The project will be managed and marketed by the ‘Nomad Bay’ hotel chain and centralized management system. Apartments will be available to rent through both an internal reservation system and online via the mainstream global rental platforms.
The investor will of course have full ownership of their property and can benefit from the resort’s services and amenities. Investors have the choice to use their newly acquired apartments as their primary residence all year round, seasonally as a holiday home or as an investment property with annual rental returns through Nomad Bays property management service.
Golden Visa Algarve clients interested in obtaining PR/citizenship in Portugal will be eligible to apply after a 5 year period of spending at least 7 days per year in Portugal. (Subject to a basic language test) This can be achieved with annual stays at the Nomad Bay resort of at least 7 days.
Nomad Bay and the Algarve are a match made in heaven. An investors dream, the project allows investors to qualify at a reduced rate of investment for the Golden Visa and enjoy annual returns OR relocate to Portugal, live in luxury steps away from Europe’s best beaches and enjoy 300 days of sunshine.
The Developer
Nomad is an experienced Real Estate Investment and Development Company located in Portugal with a solid track record with 350 Million EUR worth of projects already delivered across Lisbon, Porto and The Algarve.
The company has extensive experience in both real estate promotion and property management, which allows the company not only offer secure property investments but investments that offer good returns in the form of rental yields.
Why do investments of €400,000 into this project qualify for the Golden Visa if the minimum investment requirement is usually €500,000?
Projects located in an area of low density allow investors to qualify for the Golden Visa at 20% reduced rate on the minimum investment. The town of Carvoeiro where the project is considered an area of low density and therefore investors that purchase apartments at Nomad Bay are eligible for the Golden Visa Algarve with an investment of just €400,000.
You may also like to consider our Golden Visa Algarve renovation project South Beach under our portfolio that qualifies under the €280k Golden Visa Category.
2 comments
Ruth Chidyagwai
May 3, 2021 at 5:19 pm
I am interested in these apartments. Very luxurious indeed. I am looking for a retirement apartment. Living in and out of Portugal.
But I am planning to invest there and only after I see something like this that feels so luxurious.
admin
June 24, 2021 at 12:12 pm
Thank you for your interest, I will provide you with further details on the project shortly and we can arrange a call.