&lt;p style=&quot;font-weight: 400;&quot;&gt;A one-of-a-kind location, below-market-value prices, plus regular rental returns, make this apartment complex beside Portugal’s famous racetrack one of the most unique opportunities in the Algarve today.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/w15kmw23/24_32b30f7a-8652-4dd2-acae-2af1f5621510.png&quot; alt=&quot;Racetrack aerial view&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p&gt;&lt;br&gt;The Algarve Race Apartments, situated a few hundred metres from Portugal’s famous Aut&#243;dromo Internacional do Algarve (AIA) racetrack near Portim&#227;o, offer a rare opportunity for buyers to secure a key-ready property at one of the lowest entry points for modern homes in Portugal.&lt;br&gt;&lt;br&gt;Whether you’re an investor, petrolhead or just keen to get an affordable foothold in the Algarve property market, here are the key things that make this an exceptional investment:&#160;&lt;/p&gt;
&lt;p style=&quot;font-weight: 400;&quot;&gt;- &lt;strong&gt;Below market value. &lt;/strong&gt;Acquiring the Algarve Race Apartments complex as a distressed repossession means we can offer units at around 30 per cent below market value. Furnished to a high standard with air con and double glazing, these turnkey apartments are already in full use and producing rental income. &lt;br&gt;&lt;br&gt;Discounted for a limited time only, one-bedroom units start at €175,000, two-bedroom at €209,000 and three-bedroom at €235,000. This includes parking, storage and use of the complex’s swimming pool.&lt;br&gt;&lt;br&gt;&lt;em&gt;“Buying at such a low entry price means there is huge potential for capital appreciation,”&lt;/em&gt; said Chris White, &#160;(Ideal Homes Portugal Chairman). &lt;em&gt;“After five years, we predict that a €235,000 unit will be worth somewhere between €300,000-€350,000. After ten years, it’s not unrealistic to expect what you pay today to have doubled. These types of deals don’t come along often.”&lt;/em&gt;&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/gclmu5lp/21_7717a6a0-a477-4e5a-80e1-c9b1f9c075b9.jpeg&quot; alt=&quot;race apartments exterior&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;- Easy finance and no extra costs. &lt;/strong&gt;Thanks to its proven rental audience, leveraging an investment at Algarve Race Apartments makes perfect sense. Our mortgage team has access to competitive products, with foreign investors required to put down just 30 per cent as a deposit, with mortgage rates of around 3.5 per cent with a five-year term or longer. A €3,000 holding deposit is needed to reserve an apartment.&lt;/p&gt;
&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;- Five-star hotel status. &lt;/strong&gt;Algarve Race Apartments operates alongside the five-star Algarve Race Resort hotel, situated next door. This means the complex has a permit to operate as a tourist business and owners do not need individual AL licences for short-term rentals. Residents of the apartments have access to the hotel’s facilities, which include a restaurant and two bars, large terrace, spa and gym, indoor and outdoor pools, games room and Kids Club, as well as smart corporate facilities.&lt;/p&gt;
&lt;p style=&quot;font-weight: 400;&quot;&gt;&lt;strong&gt;- Rentals and personal use – it’s a win-win! &lt;/strong&gt;Owners at Algarve Race Apartments can use their apartment for personal use, or opt to maximise their rental yield and have their property fully managed by the on-site operator for the whole year. &lt;em&gt;“Next year, there are already four months of bookings for the entire development, which is great for the rental yield,”&lt;/em&gt; said Chris White at Ideal Homes Portugal.&#160;&lt;/p&gt;
&lt;p style=&quot;font-weight: 400;&quot;&gt;- &lt;strong&gt;World-class racing.&lt;/strong&gt; The AIA racetrack is a leading venue on the international racing circuit and approved by both the FIA and FIM to host competitions of the highest levels. A regular venue for the MotoGP championship, in 2021 and 2022 it also hosted the Portuguese F1 Grand Prix. Its busy calendar includes races in the World Endurance Championship, International GT series and FIM Superbike World Championship. Around these high-profile events, it remains a very busy venue - the track is booked for corporate days, used for testing by racing teams, while amateurs can book sessions at the driving school. Even Jeremy Clarkson and his Grand Tour team have raced supercars there for the Amazon Prime series! All of this underpins regular demand for accommodation at the site.&lt;br&gt;&lt;br&gt;&lt;/p&gt;
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        &lt;img src=&quot;/media/mqqa23jp/0_9b91ddde-7296-4e9f-8793-f5fcf227a300.jpg&quot; alt=&quot;race pool 2&quot; class=&quot; max-width-100&quot; /&gt;
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&lt;p style=&quot;font-weight: 400;&quot;&gt;-&#160; &lt;strong&gt;Coast, clubhouse and countryside close-by&lt;/strong&gt;. The Algarve Race Apartments sit in a rural area called Mexilhoeira Grande, with the pretty Monchique Mountains as a backdrop. Despite this scenic setting, which provides easy access for walks, horse-riding, mountain-biking, the beaches and bright lights of coastal Algarve are still very close. The charming marina cities of Lagos and Portim&#227;o are both around 15-20 minutes away, the nearest beaches at Meia Praia and Praia da Rocha are around 25 minutes and equally accessible are golf clubs at Penina, Alamos, Boavista and Morgado.&lt;br&gt;&lt;br&gt;Would you like to know more? &lt;a href=&quot;https://news.idealhomesportugal.com/algarve-race-apartments&quot;&gt;Request a brochure and talk to our team &amp;gt;&lt;/a&gt;&lt;/p&gt;

Algarve’s ‘Formula 1’ resort helps buyers beat the market and gain pole position!

A one-of-a-kind location, below-market-value prices, plus regular rental returns, make this apartment complex beside Portugal’s famous racetrack one of the