Luz Living: the region’s first residential (non-tourist) coastal condominium

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In a world shaped by the pandemic, Luz Living will be an oasis of calm and security. A quality residential solution that favors large private outdoor spaces such as terraces and gardens, with large common areas that allow socialization and social distancing.

Located in Praia da Luz (Lagos), in the heart of the popular and internationally renowned coastal Algarve, Luz Living will be the region’s first luxury residential coastal condominium and will appeal to a wide range of people, all of whom will have one. common point – the will to anticipate:

  • Existing residents of the Algarve who are looking to downsize to a location with easy access to amenities, reduce the private maintenance of private pools and gardens, or are looking to live in a community rather than alone.
  • Foreign retirees looking for high-end development that will become a like-minded international community.
  • Long-term or winter residents, including those applying for RNH (Non-Habitual Resident) status.
  • Investors who can see the allure and understand the demand of the expatriate retiree industry.
  • Portuguese nationals from large cities at or near retirement age, and who wish to retire in a purpose built community in the Algarve, close to all amenities.

Luz Living is a residential project, and the main objective is that every resident can consider it at home. In a beautiful location, with wonderful sea views, well-kept private gardens and great on-site facilities, such as gym, spa, outdoor and indoor pools and lounges, etc., Luz Living has been engineered to the strictest specifications, down to the last detail.

Fully accessible and comfortable with underfloor heating, electric charging stations in the garage and concierge services. Exclusive but integrated. Luz Living is also a great investment for investors who understand the demand for discerning full-time tenants and the market dynamics that push people to seek luxury, comfort and security.

There will be 38 properties available in this unique project. Luz Living looks forward to welcoming more residents and investors from among those who are already committed to being a part of her community.

The condominium has been designed in “zones”, each with a unique characteristic:

Garden zone: Two-room apartments on the ground floor with a view of the swimming pool, from € 275,000. These apartments will have direct access to the garden, with their terraces and private gardens blending in perfectly with the landscaped environment.

Patio area: 2 bedroom apartments with pool and garden view, and very large terraces, from € 475,000. Some of these apartments also have a sea view. These apartments will provide ample private outdoor space, sufficient for owners to entertain themselves, have potted plants or as a private outdoor space for a pet, for example. .

Sea view zone: 2 bedroom, 2 bathroom apartments with sea view, pool and garden, from € 549,000. The two upper floors will offer the best sea views and the emphasis is on the daily connection with the relaxing views over the city skyline down to the sea, or a panoramic view of the sea and the famous Rocha Hill. Negra.

All units will include one or more garages valued between € 17,500 and € 62,500, as well as a private storage box. In keeping with the focus on energy efficiency, which can be seen in the use of solar systems, energy efficient heat pumps and several advanced cooling methods in apartments, the garages will be supplemented by the pre- installation of charging points for electric vehicles.

Following the issuance of the building permit, Luz Living has launched a unique investment opportunity that will appeal to investors looking for potential low risk cash-on-cash returns estimated at around 28%. The Luz Living team can be contacted to explain the payment options for future residents and investors, as well as the investor option.

More information about Luz Living, as well as videos and a virtual tour of the condominium, can be found at www.luz-living.com, or by sending an email to [email protected] for more information. ‘information. Our local contact is +351 965 683 054, or check the website for our international numbers.


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