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…”
Thursday, October 19, 2022 – I recorded a podcast for you from Portugal’s Algarve…
Saturday, October 9, 2022 – This week a group of your fellow RETA members are scouting Portugal’s southern coast, soaking up some sun, and checking out real estate deals…
Thursday, October 6, 2022 – Good things come to those who wait…
Tuesday, April 13, 2021 – As a conservative investor I like to buy in places like Portugal’s Algarve where there’s a huge mix of markets…