WE ARE PLEASED TO ANNOUNCE THE START OF CONSTRUCTION OF A NEW DEVELOPMENT OF 24 APARTMENTS IN THE VILLAGE OF OLHOS DE AGUA, ALBUFEIRA, PORTUGALS ALGARVE.

BEAUTIFUL SMALL DEVELOPMENT LOCATED IN THE CENTRE OF THE PRETTY VILLAGE OF OLHOS DE AGUA, PERFECT LOCATION, BEING CLOSE TO EVERYTHING YOU NEED, SUPERMARKETS, SHOPS, RESTAURANTS, AND ONLY A 10 MINUTE STROLL TO TWO SPECTACULAR BEACHES, 30 MINUTES DRIVE TO FARO INTERNATIONAL AIRPORT, 5 MINUTES TO ALBUFEIRA OLD TOWN, AND 10 MINUTES TO VILAMOURA MARINA.

LOW RISE DEVELOPMENT COMPRISING OF JUST 24 TWO BEDROOM APARTMENTS, GROUND, FIRST AND SECOND FLOORS, WITH LIFTS, LANDSCAPED GARDENS, AND SWIMMING POOL.
THE GROUND FLOORS UNITS HAVE A PRIVATE PATIO WITH GARDEN, WHILE THE UPPER FLOORS HAVE LARGE SUN TERRACES.

EACH APARTMENT HAS TWO BEDROOMS, TWO BATHROOMS, AIR CONDITIONING, ELECTRIC SHUTTERS, SOLAR HOT WATER, BBQ, VIDEO INTERCOM, FULLY FITTED KITCHENS WITH ALL APPLIANCES, AND PRIVATE UNDERGROUND PARKING WITH TWO SPACES.

PERFECT FOR RETIREMENT OR A MIXTURE OF YOUR OWN USEAGE, AND HOLIDAY LETTING.

WITH THE LEGAL AL RENTAL LICENSE, WE CAN RENT OUT YOUR PROPERTY FOR YOU, INCLUDING MEETING YOUR GUESTS, AND ALL MANAGEMENT AND CLEANING AND LAUNDRY REQUIREMENTS. SO YOU AND YOUR FAMILY CAN USE THE PROPERTY ANYTIME THAT YOU WANT TO FOR HOLIDAYS, THEN WHEN ITS EMPTY RENT IT OUT TO EARN A HUGE INCOME FROM SHORT TERM HOLIDAY LETTS.
IN PEAK PERIODS RENTALS OF 1500-00 EUROS PER WEEK ARE AVERAGE.

THIS IS AN OFF PLAN DEVELOPMENT BY A LOCAL PORTUGUESE CONSTRUCTION COMPANY, SO A DEPOSIT AND STAGE PAYMENTS WILL BE REQUIRED AS THE PROJECT PROGRESSES, A BULD TIME OF 18 MONTHS HAS BEEN ALLOWED TO COMPLETION, PLUS TIME FOR THE HABITATION LICENSES, NORMALLY 6 MONTHS, SO A TOTAL OF 24 MONTHS FROM JANUARY 2025 IS ANTICIPATED.