The Society Lagos, Portugal
- Availability: Studio
- Price: From €284,000
- Estimated Completion: Q3 2024
- Tenure: Freehold
- Rental Yield: Net at 3%
Why Lagos?
- The Algarve is Portugal’s top touristic region - representing 20% of all visitors
- Won "Europe's Leading Beach Destination" at the prestigious World Travel Awards 2022
- Quality of life - sunny climate, beautiful Portuguese beaches and friendly locals
- Hotel occupancy rates were their highest in 20 years in January 2023
- Algarve house prices grew by 15.3% last year – 2nd highest performing European market
- NHR (non habitual residence programme) - tax efficient residency status for homeowners
Deluxe studios in the heart of historic Lagos on the Portuguese Algarve Coastline
The Society is an apart-hotel rehabilitation project containing 16 studio apartments across two 18th-century buildings. It is located in Lagos—a beautiful and historic port town in Portugal’s western Algarve region, surrounded by 14th-century walls.
The Society is in the centre of the town, surrounded by traditional Portuguese shops, bars and restaurants, and is less than 800m from the beach.
The development boasts a beautiful lounge and rooftop terrace along with social areas. Completion is scheduled for Q3 2024.
Investors benefit from a 3 percent net rental return per annum for four years alongside one week of personal usage per annum
Lagos is famous for its rocky cliffs, sweeping Atlantic coastline, and old-world fortifications such as the Forte da Ponta da Bandeira. In the heart of Lagos Old Town, The Society is only a 10-minute walk to the bustling Marina de Lagos, offering an eclectic mix of places to eat, drink and relax. One of the world's best beaches, Praia dos Estudantes, is also just a short stroll away, whilst the secluded bay of Praia do Camilo is a 7-minute drive.
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Algarve
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