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Second home ownership at the Wyndham Grand Algarve Residences

26 July 2021

April French Furnell

Launched in Spring 2021, the newly completed Wyndham Grand Algarve Residences at the Wyndham Grand Algarve resort offers an unrivalled opportunity for those seeking a second home in the most exclusive and sought-after location of Quinta do Lago in the Algarve, Portugal.

The 132 one, two and three-bedroom luxury private residences offer both long-term investment and guaranteed rental returns. Private residences range from €498,000 to €2,500,000.

Wyndham Grand Algarve residence owners are guaranteed a minimum 4% net annual return on investment for five years. Owners are also eligible to apply for a Golden Visa which offers five years’ residency rights and visa free travel within the Schengen area of 26 European states, the opportunity to live and work in the country and ultimately to apply for Portuguese citizenship after five years. Golden visa investors benefit from no income tax on worldwide income generated outside of Portugal.  Of great benefit to families, who are drawn to the Quinta do Lago outdoor lifestyle, dependent children can also study in Portugal. 

Director of Real Estate, Ana Damásio explains, “High-net-worth buyers are attracted by the golden visa scheme as it offers them long-term lifestyle and financial options that may not be as beneficial as their country of residence. A reassessment of future lifestyle options and the access to the many benefits that a second home in the Algarve can provide is a key driver of the high demand for homes that we are currently experiencing.”

 

Five Star Hotel Living at Wyndham Grand Algarve

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, finest quality cotton linens and contemporary furniture. 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 are managed by the Wyndham Grand Algarve (Four Corners Hospitality Group), ensuring that owners have the benefit of effortless living.

 

Prime Quinta do Lago Location

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 60km 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.

Private Residences range from €498,000 to €2,500,000

For further information please visit www.wyndhamgrandalgarveresidences.com

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