Launching for 2021, the newly completed Wyndham Grand Algarve Residences provide an unrivalled opportunity to own a second home in Quinta do Lago, the most exclusive and sought-after location in the Algarve, Portugal. The 132 one, two and three-bedroom luxury private residences at the Wyndham Grand Algarve are now available to purchase for immediate occupancy offering both long-term investment and guaranteed rental returns.
The Wyndham Grand Algarve Residences take centre stage in the luxurious Quinta do Lago resort, an award-winning golf, leisure and lifestyle estate in the heart of the Algarve, at Europe’s most south-western tip. The estate is privileged to be a part of the protected coastal sanctuary, the Ria Formosa Natural Park, surrounded by 60 km of natural beauty which supports an active and healthy lifestyle. The Algarve is renowned for a year-round temperate climate, Moorish history, spectacular coastal and inland fairways and access to the most beautiful beaches along the Atlantic coast for surfing, boating and simple relaxation.
Purchasing a luxury residence provides the opportunity to indulge in five-star hotel living, with a spacious gym, exclusive Spa with indoor heated pool, jacuzzi, steam and sauna, a kids club and a dedicated concierge among many other world-class services. Enjoy dining experiences that prioritise quality and freshness of ingredients. Wyndham Grand residents may explore all-day dining of international cuisine, upscale gastronomy inspired by seasonal Portuguese and Mediterranean flavours with al-fresco options, in-residence dining and a sophisticated new lobby bar for afternoon tea or the latest creative cocktails at night.
Each one, two and three-bedroom residence is designed and fitted to the highest specification, with textured wall coverings, highest quality cotton linens, contemporary furniture and the latest Wi-Fi and entertainment system. London based, twenty2degrees Design Partnership took inspiration from the Algarve to create a place of elegant comfort, infused with the warmth and relaxation of the region.
All residences have a generous balcony or terrace, full-sized kitchen and generous storage space for sporting equipment. The open plan living room and dining area create uninterrupted space. The large bedrooms benefit from an en-suite bathroom and dressing area. A full kitchen and spacious guest bathroom with shower add to the convenience and comfort. All residences will be managed by the Wyndham Grand Algarve, ensuring that owners have the benefit of complete hassle-free ownership.
Whether purchasing a second home as a family, couple or individual or adding to a property portfolio, there are multiple attractive benefits to investing in real-estate in Portugal. The country offers excellent tax benefits to owners: in addition to the non-habitual residents tax regime, there is no inheritance or gift tax and no wealth tax in Portugal. For keen golfers there is a reduction on VAT on national green fees and the country boasts more than 90 courses, with some of the best fairways located in the Algarve. This is in addition to the low cost of living and wonderful weather, with an annual average of 300 days of sunshine and blue sky.
Private Residences range from €532,000 to €856,000. Service charges are covered by the Management Fee which is a % share of annual rental income.