The project offers, unlike other projects, a small deposit, then finance through the build with your 20%/30% payment on completion! This will provide an unparalleled investment opportunity and a huge return on cash invested if traded before completion.

PRV2 International has negotiated just 40 units in the resort with a 5% rental guarantee for clients:

• 5% Rental Guarantee per annum for 3 years
• The rental guarantee is exclusive to PRV2 International and only valid for reservations up to the 30th June 2008

For this exclusive investment opportunity with the rental guarantee, the developer has reserved a set of 40 apartments that represent approximately 20% of the total. All these apartments are located in a quieter area of the Resort facing the Pateo / Garden.

• 195 one bedroom apartments rising no higher than 3 storeys. Every apartment will be finished to a very high standard and be both fully furnished and equipped, each apartment boasting a balcony, kitchenette and two WCs
• An exclusive condo-hotel product in the Algarve where property owners may use their apartments when they are in and put in a central and professional rental system when they are out, allowing for a nice rental income to cover condominium, maintenance and mortgage costs while the property is growing in value
• A unique 20.000 m2 area of landscaped gardens and walking trails for hotel guests
• 10 monites from the nearest golf course & 15 minutes from golf courses and beaches

The Concept

The reason Longevity has opted for a Condo Resort model relates to global trends. Condo hotels have been the newest trend in second home ownership, allowing people to live in it when they are there and to rent it when they are not. The concept of Condo-Resort shows some characteristics that make it potentially attractive and therefore Longevity has decided to apply the same model for people who are looking for independent living and lifestyle and who wish to have a second home in a warmer country but who will not want to live there permanently. The restriction on owner visits is that the guests must be over 45 years of age. This is an excellent provision as it will ensure that the resort is kept exclusive and therefore higher yields can be obtained.

Owners of apartment units will have access for a maximum of 12 weeks per year, leaving the remaining weeks for the hotel rental program. They will capitalize on Longevity’s centralized reservation system, advertising, internet marketing and distribution network across Europe, which will include Insurance Companies, Banks, Affinity Groups/Clubs, Clients of Resorts managed by Longevity, Social Security Ministries, Retirement Clubs, Human Resource departments from major multinationals amongst others; condo unit buyers will be able to receive a higher level of rental income than they would from a traditional vacation home.

Plus the hotel will assume responsibility of rental issues, as well as all housekeeping and maintenance of the units. Finally, condo hotel units worldwide have been appreciating at a faster rate than single-family homes and condos in the same areas.

Longevity estimates that apartment unit buyers will be able to get a 6.5% to 7.5% yield per annum, based on a 65% occupancy rate.  Additionally, apartment unit buyers will be part of an Owners Club with full access, free of charge, to all amenities, including the 600 m2 (6.458 sq.f.) Spa.

These are the grounds for the Longevity Wellness Resort Monchique a place for rest, relaxation, recreation and support for independent people over 45 whether they are property owners or rental customers who look for a wellness concept specially developed for their needs.  Longevity believes that by promoting wellness and prevention in the widest sense, people will live longer and healthier delaying the emergence of dependency needs and related human and financial costs.

The Location

Capital growth has remained consistent in Portugal at between 7-10% per year since 2000. In such a stable economy there is little to suggest that this figure will drop over the next 7-10 years. In fact UK Channel 4’s “A Place in the Sun” programme has listed Portugal as the third best overseas property option in its recent list of the twenty best investment locations. The leading property programme cited a potential 360 % return for investors in Portugal over the next ten years. Price Waterhouse Coopers, a leading accountancy firm, prepared these statistics for A Place in the Sun.

The tourism in Portugal has been consistently growing and the Portuguese Minister of Economy has recently declared that 2007 has been the best year ever concerning tourism revenues in Portugal.