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Buyers own the properties outright as they only available to buy as freeholds. It is not a timeshare, although there is the option to incorporate the buy-to-let investment by buying the property through a company that a buyer sets up and owns.
There is also stamp duty of 0.8 per cent of the purchase price and then a relatively massive property purchase tax - called Imposto Municipal sobre Transmissôes Onerosas de Imóveis - that is up to 6.5 per cent.
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11. What items are included in the sale of the property?
The residences are sold fully furnished with designer kitchens with Smeg appliances, and Villeroy & Boch bathrooms. The interior designers are AB Concept.
4. What's so special about the properties?
Homeowners can enjoy all of the amenities at the W Hotel, including various music, fashion and design events, a 10,000 sq ft spa and fitness centre, outdoor pools and the several restaurants and bars. There will also be dedicated residents' only areas that include a swimming pool.
Alison Buechner Hojbjerg, a directors at QP Savills, said: 'These new properties are currently being built, and occupy an exclusive area on the beach front, where the coastline is incredibly beautiful with sandy beaches and pretty coves.'
The W brand is synonymous with fashionable luxury, with hotels across the world - and the new W residences for sale on Portugal's south coast aim to replicate the cutting-edge essence of the W Hotel brand.
Buyers own the properties outright as they only available to buy as freeholds. It is not a timeshare, although there is the option to incorporate the buy-to-let investment by buying the property through a company that a buyer sets up and owns.
There is also stamp duty of 0.8 per cent of the purchase price and then a relatively massive property purchase tax - called Imposto Municipal sobre Transmissôes Onerosas de Imóveis - that is up to 6.5 per cent.
* Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.11. What items are included in the sale of the property?
The residences are sold fully furnished with designer kitchens with Smeg appliances, and Villeroy & Boch bathrooms. The interior designers are AB Concept.
4. What's so special about the properties?
Homeowners can enjoy all of the amenities at the W Hotel, including various music, fashion and design events, a 10,000 sq ft spa and fitness centre, outdoor pools and the several restaurants and bars. There will also be dedicated residents' only areas that include a swimming pool.
Alison Buechner Hojbjerg, a directors at QP Savills, said: 'These new properties are currently being built, and occupy an exclusive area on the beach front, where the coastline is incredibly beautiful with sandy beaches and pretty coves.'
The W brand is synonymous with fashionable luxury, with hotels across the world - and the new W residences for sale on Portugal's south coast aim to replicate the cutting-edge essence of the W Hotel brand.
