By Ronan McMahon
In December 2021, I recommended luxury condos in Lagos in the Dona Ana Beach Residences community. RETA members could lock down luxury two-bed condos for just €477,000. It was an opportunity to own luxury condos just a six-minute stroll from a beach that was voted the best in the world.
Dona Maria Residences are so close to the water you can fish off the balcony of some condos and I’m told it’s the last community that will ever be developed this close to the water—the rules governing development having changed.
The strongest RETA opportunities have always been in the Western Algarve, and in Lagos in particular, which has seen huge growth thanks to the Path of Progress moving along the coast from Faro.
In November 2020, I recommended condos in a community called Adega in Lagos. One RETA member bought a condo there for €500,000. She has since sold it for €795,000. That’s an incredible profit of €295,000.
In December 2019, RETA members could buy in a community called Santa Maria, in Lagos, from €310,500. Currently, the two-beds that were selling there for €630,000 were going for as much as €850,000.
Friday, April 28, 2023 – “She turned €300,000 into €4 million…”
Monday, January 09, 2023 – Today, I want to extended a special invite from my contact on Portugal’s Algarve, Chris White…
The closest beach to this community is considered by Condé Nast Traveller to be the best beach in the world. It is so close that they share the same name…Dona Ana. You’re also just a 10-minute walk from Old Town in Lagos, a historic town that offers that best the Algarve has to offer. I’m bringing RETA members a rare opportunity to own luxury condos at a hefty discount and lock in potential gains of $139,836, just one year after delivery.
Lagos epitomizes the very best of the Algarve. It’s a place of rich culture, great food…soaring cliffs, stunning beaches, and 300 days of sunshine a year. Best-in-class property here is scarce. Recently, demand has gone even higher, while supply continues to shrink. The impact of this scarcity has been a huge driving factor in the gains we’ve seen with past RETA deals. And I expect that trend to continue with our latest deal.
Thursday, October 19, 2022 – I recorded a podcast for you from Portugal’s Algarve…