Investment Opportunity

Pine Hills, Vilamoura, Portugal

A true sanctuary of luxury Algarve apartments within the panoramic Portuguese coast, Pine Hills Vilamoura is an oasis of opulence containing 55 exceptional living spaces on almost 22,000m2 of land.

The development has been faithfully constructed using natural stone, topped with terracotta tiled roofs. In keeping with the Algarve’s unique culture, the Moorish-influenced architecture features the ornate chimney stacks particular to the region. Dark green cypresses and majestic palm trees rhythmically punctuate the carefully tended lawns.

The complex is manned by a 24-hour concierge and security at night.

Sleek minimalism is the theme throughout with an overtone of luxury, ensuring maximum comfort and aesthetic.

The apartments themselves each come with

  • A secure underground parking space for each apartment with direct access
  • A secure underground storage unit for each apartment, ideal for golf clubs and bikes for exploring the area

The complex is also protected by closed gate security

Meanwhile, the resort enjoys the benefit of a wellness centre, a fitness centre, a 300m2 pool with sunbathing deck and a children’s pool.

The resort is also serviced by a shuttle bus to take guests further afield to Quarteira and beyond. There are a number of popular restaurants in Vilamoura Marina a short distance from the resort, serving local and mixed cuisine. For beach lovers, Falesia beach, voted Europe’s third best, is nearby.

Available Units For Sale

Apartment Block Floor Area Parking Area Balcony Area Price
T1 1-2 0 91 m2 +/-12 m2 40 m2 € 335 000
T2 3 till 11 0 122 m2 +/-12 m2 40 m2 € 500 000

Virtual Tour

What can you expect when you choose to invest in Pine Hills Vilamoura?

Rental yield

All MESPIL homes offer a rental contract option with gross yields of approximately 5%. With regard to our Algarve homes for rent, a local operation company has been set up specifically by MESPIL guaranteeing rental yields across all of our developments.

Maintenance

To cater for the maintenance and management requirements of the complex, our management company is always on hand. The MESPIL team has a combined 40 years of managing mixed-use managed developments under condominium law. Purchasing a property with MESPIL also buys a peace of mind that your Algarve property will be cared for to the highest of standards in your absence, the standard our clients have come to expect, and unfailingly receive.

Mortgage lending

To assist the smoothness of the purchasing process, subject to terms and conditions being fulfilled, Pine Hills have secured very favourable mortgage offering from Novo Banco. Up to a maximum of 75% loan to value is available over a maximum of 30 years at low rates of circa 1.4%.

Principle decision can be given in a mere 24 hours, getting the wheels of your Algarve property investment moving almost immediately.

Location

Vilamoura is part of the prestigious Golden Triangle, the most exclusive address in the Algarve. The Golden Triangle has an abundance of luxury homes set in beautiful surroundings with some of the best golf, beaches, sport facilities, shopping and restaurants in Europe. It is the real estate agent’s mantra: Location, location, location and purchasing in Pine Hills, Vilamoura is the epitome of this offering one of the most desirable addresses on the Algarve offering the highest home values and rental opportunities.

Interiors

We know that the right look and feel is crucial to your potential new Portuguese holiday home. As experts in property presentation, we also understand the needs and demands of the Algarve rental market. To ease your passage from purchase to presentation-ready, we offer a full luxury interior furniture pack for all properties, ensuring Pine Hills stands out from the rest. We use a mix of creativity and style to both enhance the future property appeal to potential buyers while netting our client maximum rental returns. Our service provides everything needed from white goods, flooring, painting and decorating, furniture and accessories to appeal to our target markets.

How to purchase?

Six steps to ownership

The first step after choosing your home in Pine Hills, Vilamoura is to pay a booking deposit of €5000 which is used to hold the property.

The next step is to appoint your legal representation in Portugal who will work directly with our law firm Global Lawyers based in Lisbon.

A promissory contract will then be signed by you with a deposit of 10% paid to our law firm’s client account. This will enable the property to be removed from the market whilst preparations are made for the subsequent contractual documentation to be prepared.

Usually within a further 3-4 weeks the completion of the purchase can proceed by both vendor and purchaser signing the “escritura” contract. This contract is the equivalent of the deeds to the property.

The signing of the "escritura" ends with the transfer of balance of funds to our law firm’s client account and new registration of the property in the presence of the official notary. Once this has been done and the property is registered at the Land Registry Office and Local Tax Office, and is legally yours.

You will be welcomed as a new owner in Pine Hills and our team on the ground are at your disposal anytime with our 24/7 reception and concierge service.

Why are people investing in Portugal?

Since 2016 MESPIL has targeted Portugal’s property market, seeking homes for sale on the Algarve to acquire and turn into investment for foreign real estate buyers.

The Algarve real estate market has shown stable growth recovery while offering a very attractive level of rental yields for foreign investors seeking to purchase property as a rental investment. The prospect of consistent rental income for buyers drives the demand for Algarve villas and apartments as well as subsequent capital appreciation on selling, in line with its steadily growing market and safe economic climate.

Why Buy in Portugal? Clients main reasons are...

The Non Habitual Residency (NHR)

Created by the Portuguese government to drive foreign investment, the NHR incentive allows professionals to pay only 20% flat-rate income tax on foreign income, or for retirees, zero income on both pension and other non-Portuguese investment earnings. This is valid for a period of ten years after which Portugal’s marginal income tax rate is applied.

Although tax breaks and incentives are undoubtedly alluring, MESPIL’s reasons for investing in Portugal are less transient and is based on the more idyllic pleasures that have consistently drawn people to buy homes in the Algarve.

The Golden Visa

This scheme is one of the most attractive in Europe for non-EU citizens and a massive boon to the health of the Algarve and Portugal real estate markets. The Golden Visa allows its holders to work, live and study in Portugal and grants five year residency to applicants who meet certain criteria of either.

  • Creating ten new jobs in Portugal.
  • Transferring capital of €1 million to Portugal.
  • Acquire immovable property worth €500,000 or more

The property buying route is the most common method and is an attractive prospect for long-term investment in Portuguese and Algarve property.

Climate

Southern Portugal’s climate is balmy and mild, with temperatures in winter rarely getting below 15 degrees.

The Algarve boasts 300 days of sunshine on average a year. This is reassuring for buy-to-let investors who are guaranteed a strong rental interest in any potential Algarve property they may invest in.

Beaches

The beaches of the Algarve are quite simply breath-taking, with 200km of golden sandy coastline that boasts the hidden inlets sheltered by cliffs and caves, to the yawning stretch of pristine sand backed by red cliffs of Falesia Beach, the Algarve’s beaches are as plentiful as they are stunning. Falesia beach was awarded 3rd best beach in Europe in 2018, and was voted 11th best beach in the world by Trip Advisor’s Travellers’ Choice Awards. The Algarve has also won the prize as best European Beach Destination at the World Travel Awards more than once. The beaches are a massive attraction for those thinking of buying real estate in the Algarve.

Golf

Portugal’s golf courses are widely known to be world class. The southern coastline has grown into a global golf destination with idyllic courses that foreign golfers flock to in their droves. PwC reported that foreign golf tourism generated €500 million the Algarve in 2017 and supported 16,800 jobs in the area. A staggering 1.3 million rounds of golf were played in the Algarve alone that year, driving the demand for rental property and drawing many golf enthusiasts to seek Algarve homes to buy.

Quality of Life

The idyllic climate, low cost of living and Mediterranean lifestyle are all key indicators of high quality of life but the accolade was confirmed by a survey in Expat Insider that voted Portugal the number one country for quality of life for expats. The Algarve in particular gets a mention as the number one place to retire to according to Forbes. Further certification of the benefit of an Algarve real estate investment.

Contact us if you are interested in investing in one of our homes on the Algarve or to enquire about our other investment opportunities.

Awards

For Portugal and Algarve

As a destination for leisure, seeking a second home, or investing in property, Portugal and specifically Vilamoura in Algarve is first class and has garnered a wealth of accolades.