How to turn your holiday home into an investment
If you decide to buy an apartment or house inside a tourist resort, you should know that there are some particularities involved in the process for purchasing the property and its subsequent use.
What are the advantages of purchasing a property in a tourist resort?
You can enjoy a range of hotel and other services, specifically maintenance and conservation of the property and common areas, allowing you to enjoy the property in a more relaxed and pleasant way.
It also has the facility to monetize periods when the property is not used, as there is a support structure for tourist activity.
What are tourist resorts?
They are establishments aimed at providing a paid accommodation service. They are given a classification (stars), corresponding to a certain set of structures, equipment, and services.
Tourist resorts may be made up of independent fractions or plots, which may be owned by several owners. These independent fractions or plots go by the name of “accommodation unites”, which, depending on the type of tourist resort, can be rooms, suites, apartments, or houses.
What types of tourist resort can fractions or plots be purchased in?
Any developments offering apartment or house type “accommodation units”.
If you intend to purchase an apartment of house located in a tourist resort, you should confirm the following before doing so:
the existence of validity of licenses for the construction and operation of the tourist resort. This service is provided by the City Council (Câmara Municipal) where the development is located.
the existence of an approved constitutive deed (título constitutivo), registered at a Land Registry Office and with Turismo de Portugal, I.P.
Why choose Comporta?
Just one hour from Lisbon, this is the place where one is able to experience all that is still authentic in Portugal and feel the rhythm of “slow living”. Situated on the Atlantic coast with infinite sand dunes and beaches, midst hectares of pine forest and vibrant rice fields, Comporta is natural reserve for those who want to disconnect and reconnect, embracing the best of nature.
Investors buying property in Portugal at or above the €400,000 government limit will qualify for a family residency visa. Commonly referred to as a “golden visa” or investor residency visa.
Contact us for further details on available properties and program rules.