When it comes to looking for the perfect dwelling place, nothing beats the benefits of staying in a luxury villa. The popularity of luxe villas for sale in Algarve, Portugal, has especially surged up over the years. It, in fact, is considered to be among the best destinations in the world to welcome foreign citizens who are looking for villas and apartments in Europe. The spaciousness and privacy of the lavish villas of Algarve are a major highlight, and allow people to enjoy a life of absolute comfort and tranquility. There are a number of other distinguished factors that make the decision to buy villa in Algarve an extremely smart move. Here are a few of those factors:
- Tax benefits: Portugal is renowned for having extremely advantageous tax regimes for non-habitual residents, foreign investors and pensioners. Many retirees even get to enjoy completely tax-free pensions in both Portugal and the country of their origin.
- Golden visa: This basically is a residence and stay permit in Portuguese territory for an initial period of five years. The golden visa program is aimed at citizens residing outside the European Union or the Schengen area, and is meant to magnetize real estate investments to Portugal. After investing in an Algarve villa, the property owner can easily apply for a permanent residence permit or even for Portuguese nationality.
- Cost of living: Portugal is among the most affordable countries to settle down in Europe, while also enjoying a good standard of living. The expenses related to housing, services, leisure and education in Portugal is way lesser than many other European countries.
- Quality of life: The quality of life implies on the aspects of physical, mental, psychological and spiritual well-being, in addition to socialization, health, education, housing and security. Portugal, and Algarve in particular, fares quite well in regards to all of these elements.
- Climate: The Mediterranean climate of Algarve would surely be a delight for any person residing there. It is one of the few places in Europe where it is possible to go to the beach in October, or even in the month of November.
In addition to the factors mentioned above, the exquisite design and spaciousness of luxury villa Algarve for sale also make them a great option to invest in. They are usually designed by renowned architects and are equipped with the best features in regards to privacy, views, finishes, and social areas.
