Introduction
We get asked about Portugal’s Silver Coast all the time; it’s an established market with great mortgage facilities, and undervalued enough for steady capital growth.
What we’re also hearing from our investors is that you’re looking for great deals with low-entry points and that’s exactly what we’ve found for you with Colina da Nazare, a new luxury development of 24 apartments in one of Portugal’s most sought-after hotspots.
Mortgage availability in Portugal has been relatively unaffected by today’s borrowing climate but maximising your profits in such a steady and stable market requires some clever financial engineering.
We have been able to keep investor outlay to a minimum by negotiating for both a 15% discount (approx) to market value and for investors to put in just 10% deposit (see page 8). This means that an apartment could be yours for an initial outlay of just € 15,000 plus costs. Purchases here usually require deposits of 30% so it’s a big cash saving and a great opportunity to use leveraging to make your money work harder for you. Also, less money in now means your return on invested capital is magnified at completion. Indeed with the discount and an estimated 5% growth p.a. you could more than double your equity over this period.