Potential investors from around the world have the opportunity to own a home near the Autódromo Internacional do Algarve, the top racetrack in Portugal, and enjoy easy access to world championship racing and topflight driving experiences. The Algarve Race Apartments complex offers a rare combination of motorsports passion and the Portuguese lifestyle.
Exclusive promoter of the project Ideal Homes Portugal said in October that the key-ready Algarve Race Apartments complex is a unique investment opportunity. Prices starting at €175,000 for a one-bedroom unit, owners can benefit from strong returns by entering their property into the on-site rental scheme, keeping a set number of days each year for their own personal use.
Thanks to the proven rental audience, investors can leverage an investment at Algarve Race Apartments with a 30 per cent deposit and access competitive mortgage rates of around 3.5 per cent with a five-year term or longer.
Algarve Race Apartments operates alongside the five-star Algarve Race Resort hotel, where residents can access the hotel’s facilities, such as 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.
The complex is situated in a rural area called Mexilhoeira Grande, with the pretty Monchique Mountains as a backdrop. Despite this natural setting, beach resorts and tourist amenities of the Western Algarve are still very close.
The Autódromo Internacional do Algarve (AIA) was the busiest it has ever been in 2022, when it achieved ‘customer occupancy’ of 355 days. This included 24 national and international championship races and 23 days of corporate events, all of which helped it attract more than a million visitors.
The circuit hosted the opening race of the 2023 MotoGP World Championship, in April FIA World Endurance Championship (WEC) and International GT Open races were held there, at the end of June the FIM JuniorGP World Championship took place and this autumn competitors in the FIM Superbike World Championship and European Le Mans Series are setting the track alight!
Visitors can test the track for themselves, by taking part in one of the various driving experiences on offer. The AIA is also home to the Kartódromo Internacional do Algarve (KIA), one of Europe’s largest go-kart tracks, and three off-road tracks where all types of off-terrain vehicles, including SUVs, rally cars and motorbikes can be hired for private or corporate use.
Starting prices at the Algarve Race Apartments, which come fully furnished and ready for occupancy, are €175,000 for a one-bedroom unit, €209,000 for a two-bedroom and €235,000 for a three-bedroom.
Potential investors have the opportunity to own a home near the Autódromo Internacional do Algarve, Portugal’s top racetrack, and enjoy easy access to world championship racing and topflight driving experiences. The Algarve Race Apartments complex offers a rare combination of motorsports passion and the Portuguese lifestyle at attractive prices.
Exclusive promoter of the project Ideal Homes Portugal said in October that the key-ready Algarve Race Apartments complex is a unique investment opportunity. Prices starting at €175,000 for a one-bedroom unit, owners can benefit from strong returns by entering their property into the on-site rental scheme, keeping a set number of days each year for their own personal use.
The complex is situated in a rural area called Mexilhoeira Grande, with the pretty Monchique Mountains as a backdrop and beach resorts and tourist amenities of the Western Algarve close by.
The Autódromo Internacional do Algarve (AIA) was the busiest it has ever been in 2022, when it achieved ‘customer occupancy’ of 355 days. This included 24 national and international championship races and 23 days of corporate events, all of which helped it attract more than a million visitors.
Residents of the apartments have access to the Algarve Race Resort hotel’s facilities, as well as the opportunity to take part in the various driving experiences on offer, including the AIA’s own driving school. The AIA is also home to the Kartódromo Internacional do Algarve (KIA), one of Europe’s largest go-kart tracks, and three off-road tracks.
Starting prices at the Algarve Race Apartments, which come fully furnished and ready for occupancy, are €175,000 for a one-bedroom unit, €209,000 for
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.