Whether it is a local resident who is considering downsizing, someone moving to the Lagos area of the Algarve, a couple or a single person at the age of retiring or approaching and moving to the Algarve to retire, or a foreign national seeking Portuguese residency under one of the popular programs such as as a D7 Income Based Residency Visa, Luz Living will be a solution versatile ideal for everyone.
Are you planning to downsize? Do you live in the Algarve and your current property has become too much to manage? Lack of social interaction with friends due to the isolation caused by Covid-19, especially if your property is isolated or slightly inland? Maybe you thought you would like to be part of a community of like-minded friends and neighbors?
Luz Living hopes to welcome many existing local residents as an integral part of its community, reflecting the diversity of the region and the growing multicultural population of the Algarve. Rooted in the local culture and in the heart of the city, and on the doorstep of all amenities and the beach, Luz Living will be the perfect way to downsize without losing quality of life or having to sacrifice location.
Those who choose Luz Living as their new home can look forward to forming friendships with residents around the world. Friendships and social contact will occur in the comfort and security of a private condominium, with neighbors likely to share at least some interests and values, one of which is likely love for the Algarve. All residents of Luz Living will benefit from a totally unique location: a community within the traditional Algarve village of Praia da Luz, and among its close-knit resident population, all within walking distance of a premier beach. plan.
As the number of retirement villages in the UK and some other European countries grows, quality retirement locations, designed specifically for senior / retired people and offering a range of independent living options, are still hard to find. in southern Europe and rare in Portugal. The very limited options available are often found in remote locations, far from amenities and / or inaccessible. Existing retirement villages may be limited by architectural design and construction that may no longer meet modern standards of accessibility and safety, or expectations of quality and comfort.
Luz Living is the first project of developer Quality Living Algarve Lda, created by a consortium of investors, all interested in the senior and retired sector, some of whom will retain ownership of an apartment in which to live permanently. The shareholders of the company represent 6 nationalities, reflecting the diversity of the project itself. More importantly for residents, this diversity of interests will ensure that a service-oriented proposal will be a key differentiator of the Luz Living project. Residents will have access to a choice list of services provided through a concierge service.
Luz Living will offer 38 apartments, including 34 two-bedroom apartments and four one-bedroom apartments. It will include a wide range of amenities, including a walking path, a pet area and a heated indoor pool, allowing residents to exercise year round.
All apartments will have one to three garages and private storage space. The use of solar systems, energy efficient heat pumps and advanced cooling methods means that Luz Living will have an A + energy efficiency rating. With a focus on sustainability, garages will have pre-installation of charging points for electric vehicles.
The project already has a waiting list of tenants for long-term luxury residential living, which also makes Luz Living a great investment. There are currently 3 purchase options:
• STANDARD PURCHASE: Pay a reservation, sign a promissory contract, make installment payments, and pay 40% on completion. Price from 275,000 €
• REDUCED PURCHASES: 10% discount on five (5) 2-bedroom, 1-bathroom apartments on the ground floor, priced at € 485,000 each (rates with early discount € 436,500), for bookings signed before October 15, 2021
• INVESTOR OFFER: after completion, the developer will resell your unit, and after deducting the final payment of 40% of the sale proceeds, the profits will be split 60-40% in favor of the individual investor.
More information about Luz Living, as well as videos and a virtual tour of the condominium, are available at www.luz-living.com, or by e-mail to [email protected] for more information. Our local contact is +351 965 683 054, or check the website for our international numbers.