Jardins Village | Armação de Pêra | From £76,700

We are delighted to offer you the opportunity to

purchase one of 10 one bedroom apartments in Armação

de Pêra one of the Algarve’s most popular locations.

Our exclusively negotiated investment package ensures

that buying a property overseas has never been easier.

Why is the Algarve a great investment location?

The Algarve’s 160 km coastline has some of Europe’s most spectacular beaches, many of

which hold the prestigious Blue Flag award. There are plenty of choice when it comes to

beaches, from broad expanses of white sand, small cove beaches backed by red cliffs,

beaches where cosmopolitan beach parties are a summer constant, to the pristine,

deserted beaches of the Western coast.

The Algarve region can be divided into three fairly distinct areas -East, West and Central

Algarve. The Central Algarve area includes the famous Golden Triangle of Vilamoura, Vale

do Lobo and Quinta do Lago, synonymous with luxury living. To the West , smaller fishing

villages have developed into tourist resorts which set the tone for a more laid-back feel.

The further West you go, the greater the impact of the majestic Atlantic on the

landscape, the beaches, the food and the very air that you breathe. To the East, the

landscape is one of gentle hills, small villages, and miles and miles of golden beaches, dotted with lagoons and sandbanks. The water temperature tends to be higher here, too.

The Algarve has something for everyone. Roman ruins, Moorish castles and traditional

villages. An amazing coastline and ideal conditions for water sports. Over 30 top class golf

courses. Nature trails and parks. Kids theme parks and an international motor racing

circuit. A vast choice of restaurants, bars and clubs. With the naturally courteous

Portuguese as hosts, over 300 days of sunshine per year, delicious local gastronomy and

great wines, a visit here is a memorable experience.

Everybody knows that the Algarve weather is wonderful! With over 3,000 hours of sunshine

per year, the climate is consistently pleasant, with no huge seasonal extremes. While the

Summer is the favourite season for many people, Spring, Autumn and Winter all offer their

own charms. The Algarve is easy to get to, and easy to get around. Flying time from most

of Europe is under 3 hours and private airport transfers from Faro to

your accommodation are good value and easy to book online. The road system has been

considerably improved in recent years which means hiring a car is a great way to

explore. The Algarve has a unique blend of old and new. You can find the ultra-modern

side by side with the traditional and quaint, which is part of it's charm.

The Algarve, Portugal with its endless beaches,

impeccable golf courses and wonderful climate is

the perfect holiday destination. Rich in history,

the quaint and the luxurious side by side, the

natural beauty, great food and warm welcome

charm all visitors.

The Resort of Armação de Pêra

A popular destination among the Portuguese and foreign holidaymakers, Armação de

Pêra is a blend of traditional fishing village with a modern tourist resort. Armação de

Pêra offers all the conveniences of a holiday resort, with ample options in terms of

shops, supermarkets, restaurants and bars, not to mention its beautiful sandy beach,

one of the longest in the Algarve, stretching as far as Galé beach on its eastern side.

Running the length in front of the town lies a long stretch of golden sandy beach

between Ponte da Galé and Senhora da Rocha including a backdrop of lime and

sandstone cliffs, caves and coves to explore along the coast. There are boat trips

available that will take in the sights of this golden coastline including the caves hidden

along the shore.

The crystal clarity and calm waters in these parts of the Algarve makes it ideal for

snorkelling and very safe for families to enjoy.

Being in a central location, the town is very close to other popular attractions in the

area including the towns of Pêra, Silves (visit the castle and medieval festival) and

Albufeira(for retail therapy) or Porches. In nearby Guia there is the Zoomarine park

where the whole family can enjoy a dolphin show. Over the summer the beach is host to

an international sand building festival which is also worth a visit.

During the hotter summer months, the population of this town rises several times over

as it is an ever popular holiday destination.

Jardins Village

Jardins Village is located just 350m from the main beach in Armacao de Pera. The

development is just 10km west of Albufeira and only a 40 minute drive from Faro

airport.

These spacious properties spread across two apartment buildings all benefit from a

balcony area and use of a communal swimming pool.

You will find an abundance of shops, bars and restaurants for your perusal all within a

minutes walk.

You can view the exact location of Jardins village here:

https://www.google.co.uk/maps/@37.1054595,-

8.3644536,3a,75y,359.39h,104.21t/data=!3m4!1e1!3m2!1sZYTTc8JngU0lK4gbAEF4BQ!2e

0?hl=en

Jardins Village 1 Bedroom Floor Plan

ROOM SIZE

Living Room 19.55 m2

Bedroom 13.70 m2

Entrance Hall 3.30 m2

Bathroom 3.80 m2

Kitchen 7.15 m2

Terrace 9.20 m2

TOTAL: 57.35 m2

Full finance of the discounted purchase price

20% deposit paid for you – instant equity of €24,000

Your mortgage paid for the first year

All purchase taxes paid for by the seller

Cashback of first years rental income (approx €7,000)

The apartments are fully furnished and air conditioned

Why Invest at Jardins Village

Simply put, you should make a substantial income in year 1

leaving you with enough money to cover the mortgage in year

2 even if you choose not to rent your property out in the

second year. However, if you continue to rent your property

year after year the rental income should allow you to

comfortably pay off the capital and repayment mortgage.

Jardins Village Rental Projections

We have sourced a local management company with offices in Portugal, Spain and the

UK, and have a record of achieving high rental returns for Algarve property owners.

They are on hand ton assist our clients wishing to make an income from their

investment at Jardins Village.

Our recommended management company have stated that the expected income your

apartment would generate from just 30 weeks would be around €7,100 NET of

management costs. This therefore provides you with a huge first year profit as you

have no mortgage to pay for 12 months!

You would also have 22 weeks a year for you to either use personally, receive additional

rental income through other channels or you can decide to take advantage of a

combination of the two.

With no mortgage to pay for the first year, ALL of the income generated will be profit

for you.

Frequently Asked Questions

Are the Apartments good value for money?

Yes, we have negotiated a discount to previous prices offered and have been in

negotiation with Montepio Bank regarding their agreement to lend 80% of the newly

discounted purchase price. Prior to this agreement being in place, the bank carried out

their own assessment of the current value of the property to ensure they had no risk

lending this amount against these apartments.

How do I know the new discounted purchase price is genuine and a true reflection

of the current market valuation?

The bank has already instructed their panel of appraisers to value the property on their

behalf for the purpose of lending. The bank was advised that the current value of these

apartments were on or around €120,000 (subject to individual apartment). The Bank has

considered the appraised apartments and have confirmed that they are happy to lend

80% of this figure (which for a €120,000 unit is a mortgage of €96,000) subject to

eligibility.

Due to the financial crisis of recent years it is fair to say that every bank has to have

several procedures in place to protect themselves from risk. They do this by ensuring

that their interests are protected at all times. As a mortgage lender is having the

property valued as collateral for the mortgage, its aim is to estimate how much the

property would sell for on the open market, assuming a sale needed to be achieved

quickly (in case of repossession for example). For this reason, its valuation may be a bit

more conservative than one from an estate agent.

We can therefore be confident that the property is worth at least the €120,000 figure

provided by the bank’s appraisers. It is also a fair assumption that the appraisal

company would themselves value the property conservatively in order to protect their

own position. This is especially true when you consider that the bank could hold the

appraisal company responsible IF the property was overvalued in any way and the bank

were misled into lending more than 80% of the apartment’s true value.

In addition to this process and in order to completely protect our buyers, every

purchaser will have an independent valuation carried out for their specific apartment as

part of the completion process to ensure that the ultimate purchase price is 100%

genuine.

Do I need to put down a 20% deposit?

In a standard property transaction between a buyer and a seller (in this case, ‘you’ and

the ‘developer’), you would ordinarily be asked to pay the difference between the

mortgage available and the purchase price (this being 20%). However, the developer has

agreed to pay the deposit on your behalf therefore saving you around €24,000.

So how do I make money by purchasing this apartment?

The developer has agreed to pay the 20% deposit on behalf of our buyers so that they can be

sold quickly. The bank will lend you €96,000 (80% mortgage) to help you purchase the property,

which we can be sure is worth at least €120,000.

In simple terms, you are therefore buying a property for €120,000 and only borrowing €96,000

in order to do so. This ensures that you achieve instant equity of 20% - which equates to

approximately €24,000.

This is obviously a fantastic way for you to benefit immediately by purchasing this property

however the savings do not end there. The additional financial benefits to purchasing an

apartment will be explained in the remainder of this document.

Do I need to furnish the apartment and have air conditioning installed so that it is ready for

use?

We have negotiated for the developer to hand over the apartments with a full furniture pack

AND air conditioning already installed. This provides you with a saving of around €8,000.

The furniture pack is “rent ready”. Its content and quality has been approved by our

recommended management company so there will be no issues with the potential rental of your

property.

All of this ensures that the apartments are ready for use immediately once the purchase

process is complete.

Are the properties already built and ready for occupation?

Each of the properties are fully completed and will be fully furnished so they are ready for

occupation as soon as the legal purchase is complete.

Are there any legal risks to me purchasing this property?

As part of our package, every single one of our buyers will have an independent local legal firm

acting on their behalf to ensure a safe and legitimate purchase process.

Can I rent out the property to earn an income?

Absolutely. These properties are extremely appealing to the rental market and therefore the

potential rental income is considerable. We have sourced a local management and rental

company for our purchasers to consider. Whilst we recommend that buyers use this company

to secure lettings for their property, it is important for us to confirm that there is no obligation

to use them. In addition to the management company that we have sourced, there are other

options to consider including letting the property privately, listing with other rental agents to

maximise the rental income or simply keeping the property for personal use. It is our

expectation that the majority of buyers will consider a combination of these options as the best

way to maximise their income.

Frequently Asked Questions Cont.

Frequently Asked Questions Cont.

How does the cashback work?

We always negotiate the very best package for our clients and this is no exception. We are

delighted to confirm that we have persuaded the developer to pay your first years mortgage

payments up front on your behalf, therefore leaving you with NO mortgage repayments over

the first 12 months of ownership.

Should you wish to rent your property out over this period of time our recommended

management company have stated that the expected income your apartment would generate

from just 30 weeks would be around €7,000 NET of management costs. This therefore

provides you with an estimated profit of €7,000 (NET of all costs) after the first year plus

any additional rental income generated.

You would also have 22 weeks during the first year for you to either use personally, receive

additional rental income through other channels or you can decide to take advantage of a

combination of the two.

With no mortgage to pay for the first 1 year, ALL of the income generated will be profit for

you.

How does the income versus the expenditure for the apartment look from Year 2

onwards)?

You will of course have access to the ‘cashback’ received whilst the developer makes the first

years mortgage payments. How you use it is completely up to you but we would recommend

you keep it in Portugal to have a safety net should you need it.

However, having said that... if you were to consider just the rental income from year 2

onwards versus the annual outgoings (including mortgage repayment) you would see that the

income would cover your expenditure.

Therefore at the end of the mortgage term (usually 25 years) you would have the mortgage

paid off and you would own a fantastic property completely unencumbered. It’s the perfect

mid to long term investment.

Could I buy the property and then sell it quickly to achieve a profit?

This would be possible as you will have purchased the property with an instant equity of

€24,000 however, we as a company believe in mid to long term investment and we would say

that whilst the income achieved is paying off your mortgage you should hold onto the property

for as long as possible as it will no doubt continue to appreciate in value over time.

Please be advised that there is an early repayment fee of 0.5% of the mortgage balance should

you wish to sell the property before the end of the mortgage term.

Frequently Asked Questions Cont.

Are there any hidden costs for me to purchase this property?

No. The developer has agreed to pay all the usual closing costs relating to purchase tax i.e.

Stamp Duty (equivalent), IMT Tax (property transfer tax) this usually works out to be 8% of the

purchase price. This is an additional saving of €9,600.

The fees you pay us to reserve the property also cover legal fees, mortgage arrangement fees

and fiscal costs. They also act as a contribution to the furniture & air conditioning. You may

have to put €750 in your mortgage account for activation but you can reimburse that almost

immediately.

There are no other costs or fees to be paid.

What’s the catch? Why would the developer sell it with such a discount/package?

We work with a number of banks and their developers. We negotiate investment packages to

ensure a quick sale. In this case the developer is keen to sell the remaining units in order to

move onto a new development.

Although it’s costing the developer a large portion of their profit, it allows them to move on to

their next development. The package allows us to sell the properties quickly and effectively.

For your part you secure a property well below its current value whilst receiving the benefit of

savings totalling over €40,000!

How do I check my eligibility for finance?

Before you commit to any purchase we ask all clients to complete a Preliminary Mortgage

Application (PMA). Once we have been e-mailed your completed PMA, it is submitted to the

lender who will issue you with a Decision in Principle based on the figures you provide. This

procedure is carried out with the aim of giving our clients (and us) peace of mind when paying

to reserve a unit that the agreed level of finance will be offered to you once you complete a

formal application. Please be advised that the PMA process is free of charge and does not

obligate you in any way to purchase.

If you would like to find out more about the investment offered, or would like to proceed with a Preliminary mortgage application please do not hesitate to contact us

Invest Abroad Ltd

Tel. +44 (0) 203 380 8858

E-mail: info@invest-abroad.com

www.invest-abroad.com

All information contained within this brochure is correct at time of going to print but its accuracy cannot be guaranteed and

none of the information forms part of any contract.