Carvoeiro Branco PRESS RELEASE
29 03 2023
Carvoeiro Branco Lda is selling 10 apartments with Alojamento Local (A.L.)
Carvoeiro Branco, one of the leading real estate developers in the Algarve, is pleased to announce the sale of 10 apartments with A.L. License at Jardim do Paraíso Resort (via Carvoeiro Clube Real Estate). This announcement comes amidst recent changes in Portuguese law regarding A.L. licenses, which will see a ban on new licenses issued and existing licenses subject to re-evaluation in 2030 and periodic revalidation every five years. Additionally, the sector will be subject to an "extraordinary tax," yet to be defined, directed towards the Housing and Urban Rehabilitation Institute (IHRU).
The sale includes partially renovated and unrenovated T1 apartments for 4 persons, fully furnished and with built areas between 81 and 105 m ² , located on the ground and first floors of two-story buildings. Jardim do Paraíso Resort, known for its peaceful and relaxing environment, offers an exceptional opportunity for individuals seeking a secure lock-up-and- leave property or investment with excellent rental potential.
"We are offering a unique opportunity for investors to take advantage of the A.L. license that comes with these apartments," said a spokesperson for Carvoeiro Branco. "With the recent changes in A L law, investors can start renting out the properties right away after purchase, making this an especially attractive opportunity."
Carvoeiro Branco
Rua Jacinto Correia, Edificio Atrium Lagoa, Bloco A, Loja JLM 8400-398 Lagoa, Portugal