Pricing & Financial Information

Property Prices
Currency Conversion (at today's rate)

Price (€)	Apartments		Townhouses		Villas
	From	To	From	To	From	To
1 Bedroom	240,000	279,000	-	-	-	-
2 Bedroom	-	610,000	-	-	-	-
3 Bedroom	-	-	-	-	575,000	895,000
4 Bedroom	-	-	-	-	710,000	850,000

Properties at Gramacho are available furnished or unfurnished.

Property Sizes (Internal living area)

Property Sizes  

Area (m²)	Apartments		Townhouses		Villas
	From	To	From	To	From	To
1 Bedroom	113	115	-	-	-	-
2 Bedroom	-	158	-	-	-	-
3 Bedroom	-	-	-	-	207	285
4 Bedroom	-	-	-	-	273	308

Property Prices per m²

Price/m² (€)	Apartments		Townhouses		Villas
	From	To	From	To	From	To
1 Bedroom	2,124	2,426	-	-	-	-
2 Bedroom		3,861			-	-
3 Bedroom					2,778	3,140
4 Bedroom	-	-	-	-	2,600

 

Prices and availability are constantly being updated.  We are happy to check these for you if you need more detail.

Imposto Sobre o Valor Acrescentado (IVA) or VAT
IVA is not charged on the purchase of property in Portugal.

Four Owner Plan

Portuguese property law allows up to 10 owners to share the title of a property.  Pestana have put together a Four Owner scheme in a selected range of properties to offer an affordable and practical way of co-owning a holiday home with all the security that buying through an established leisure brand can offer.

Investment Potential

Pestana has planning permission for a further 36 holes, a five-star hotel, a full spa complex, another two clubhouses and a kids’ club.  The intention is to develop these in the next few years once the economic cycle is right.  These additional amenities will add significant value to the values of the properties in the resort.

Furthermore, Pestana is well placed to maximise annual yield from property rentals on behalf of owners as they have considerable repeat bookings; long term relationships with online tour operators and travel agencies, and operate a global central reservation system, all of which accounts for the consistently high occupancy rate around the group.

Stage Payments

Finished Properties
A €10,000 deposit is required on Reservation.  Then, when you come to sign the sale and purchase promissory agreement (exchange), 25% of the purchase price is required (less the initial deposit). The balance is then due on completion.

Owners Benefits

Property owners at Gramacho are granted full membership of both the Gramacho and Vale da Pinta golf courses and also receive a 20% discount in the clubhouse.  A 20% discount is also being considered for owners in all Pestana Group hotels on a world-wide basis.

Mortgage Finance

One of Europe’s most prestigious banks has offered Pestana buyers the opportunity to buy through a special mortgage scheme put in place exclusively for Pestana. Mortgage terms follow the following guidelines:

• Loans are available up to 85% LTV
• Maximum term 50 years capped at 75 years of age
• Monthly payments with 3 options: capital and interest; interest only for up to 5 years; or up to 35% capital deferment
• Variable or fixed interest rate (5 year)
• Interest rates up to 0.9% above base (less for lower LTV)
• Possibility to draw down for promessa and stage payments

Short-Term Financing

Thanks to Pestana Group’s successful business model, they are now able to offer “no paperwork needed” short-term financing on golf properties at Gramacho and Vale da Pinta golf courses. Benefits include:

•  Keys handed over after 35% down payment
•  Payment plan tailored to your personal circumstances
•  Five-year payback or lease-style
•  No penalty for early redemption
• Transfer before completion accepted

These finance options are open to Pestana property buyers due to the financial reliability of the Pestana Group and our sensible pricing compared to the rest of the market.