THE OPPORTUNITY
Fully-managed, key-ready 1, 2 & 3 bedroom apartments available to purchase next to the Autódromo Internacional do Algarve racetrack in Portimão.
These homes, previously bank repossessions, are now available for a limited time at exceptionally low prices, rarely seen for this size and style of contemporary property in the Algarve.
One bedroom - from €155,000
Two bedroom - from €194,000
Three bedroom - from €220,000
Each apartment comes fully-furnished, with aircon, double glazing and private terraces, plus communal facilities including a terrific swimming pool.
This is a one-of-a-kind opportunity to gain an affordable investment in the property market in Portugal.
As part of a fully-operational, successful rental programme, owners can choose their own usage and then earn income when they're not using their home. And at these low prices, and with the increasing popularity of the AIA, excellent capital appreciation is expected should you decide to sell.
THE RACETRACK
In 2023, the Algarve International Circuit (AIA) solidified its standing as a premier European racetrack, setting records in both activity and attendance. Two of last year’s calendar highlights, the MotoGP World Championship and Superbike World Championship, alone, drew nearly 170,000 spectators.
THE LOCATION
The development is located amidst the beautiful countryside scenery of the Mexilhoeira Grande, flanked by the Monchique mountains to the North, with the vibrant city of Portimão to the South.
There's something for everyone here. The Racetrack has exciting driving experiences and events to suit any amateur or experienced driver. Residents can also use the facilities of the neighbouring five-star hotel, including indoor + outdoor pools, gym and restaurant.
Nature enthusiasts have gorgeous peaceful countryside to enjoy, including biking and hiking trails, wine tasting tours, and adventures by boat into the Algarve caves. For beach lovers, spectacular Meia Praia is just 20 minutes away. Lagos City Centre is less than 25 minutes. Portimão, the nearest major city, is a large, lively urban centre, with a world-class marina, and a rich variety of restaurants, cafes and bars.
Enquire now for full details of prices and availability.
Take a closer look at the Algarve Race Apartments...
In Season 10, Episode 6 of our popular YouTube property show, Ideal Homes TV, presenter John takes us on a video tour.
Watch the full episode now.
Ideal Homes Portugal was established in 2012. We now have offices in Lagos and Vila Sol, and we dedicate our time to matching up international clients with the right properties for their needs.
We're a family business, and many of us who work here have already embarked on this journey of buying and moving overseas. So we understand the process can sometimes seem daunting, but we love Portugal, and we're here to help you take the same steps and fulfil that dream. If you have any questions at all, just drop us a line here or give us a call.
We look forward to meeting you soon in sunny Portugal!
Search 300+ properties in Portugal on our website >>
Call Us
Email Us
Lagos Office: Rua dos Celeira, Bloco 1, Loja 1, 8600-726, Lagos
Disclaimer:
The information presented on this page is intended for general guidance and reference purposes only. While every effort has been made to ensure the accuracy and reliability of the information contained herein, the company cannot be held liable for any damages resulting from errors or omissions. Customers should seek independent professional advice before making any decision to purchase or invest in overseas property.
Vat Number: PT 510 327 311 - Real Estate Licence No.AMI-9540
© Ideal Homes Portugal. All Rights Reserved.
