Thanks to Nomad Bay’s location in the Algarve, the minimum amount required is reduced by 20%, enabling non-European citizens and their families to obtain residence, and a right to obtain citizenship after 5 years. The minimum stay requirement is 7 days per year only.
Since 2010, the number of passengers at Algarve airport grew almost 80%, reaching in 2019 over 9 million passengers, from 70 destinations. In 2018, Portugal was visited by 12.8 million international tourists, 20% of which specifically visiting the Algarve, only outnumbered by its capital Lisbon.
While waiting for citizenship status, Nomad Bay handles the property management and rental of your apartment, for a complete peace of mind.
Other tax incentives, such as the NHR program, particularly attractive to retired individuals and young expats from the UK, France and Germany, add up to a true investment opportunity.
Nomad Bay Algarve seamlessly blends the comforts of home with the services of world-class hotels. Perfectly located, each apartment collectively marketed within a branded high-end serviced rental experience, creating awareness and prestige to maximize future real estate value.
The Algarve is one of Europe most fancy summer destination, and Portugal’s top touristic region, representing 30% of national tourism income, which also makes it a perfect place to invest in a property.
Physical and social infrastructure, quality of life, a minimum of 300 days of sunshine, and the growing cultural diversity are adding to Algarve’s potential.
The region is attracting an increasing number of new generations from all over the world thanks to its high-quality lifestyle, and numerous business opportunities.
Structured as a hotel chain with both centralized management and local on-site property staff, apartments are marketed within the nomad bay brand, and made available for rent through an internal reservation centre, and available on the main global rental platforms.
74 high-end apartments with outstanding views, ranging from one to three bedrooms.