Algarve Senior Living

08/05/2014

Luis da Silva of Algarve Senior Living writes:

Algarve Senior Living will comprise a series of senior villages (50+) which will operate as active communities within existing developments, and they will all operate on a rental plus services model. We are now looking for partners and clients. We intend to run a series of the villages during the next few years, hopefully launching the first this autumn. The reason for starting this in the Algarve is that Portugal has approved some very favourable tax legislation which allows new resident pensioners to receive pensions tax free for 10 years, and we think this will make it very attractive financially, combined with the already well-known attractions such as great weather, beaches, golf, food and hospitality. A population that speaks English well and a good health system which operates in a similar way to the NHS, make the Algarve a perennial favourite for UK visitors and retirees. In a few years' time we will be developing a bespoke village (planned for a 2017 launch).

 

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