RETIREMENT | MONTE DA PALHAGUEIRA
Monte da Palhagueira village
Winner of the Homes Overseas “Best Overseas Retirement Development” and “Readers’ Choice” Awards
stone walls, Monte da Palhagueira is designed for the over 55s and provides “a litle piece of heaven” for those seeking to retire in the sun. Monte da Palhagueira offers 33 houses and apartments, exclusively designed for the over 55s. Set within a traditional village development of 22 acres, just 20 minutes’ drive from Faro International Airport, the village nestles in the tranquil and picturesque hillside of Gorjões, in the Algarve region of Portugal.
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Excellent facilities Te village offers many unique features, including its own Anglican Church, restaurant, tennis court, two swimming pools and an ornamental lake, all set within traditional village surroundings, bounded by stone- walled lanes and terracota tiled buildings.
Pastimes include weekly events such as a book club coffee morning and a social evening, with refreshments provided, all taking place within the village hall.
A monthly lunch is arranged in the delightul Le Marquis restaurant and events such as the annual summer barbecue make the most of the glorious weather. Te gardens provide relaxing
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et in its own 22 acres of undulating grounds, sprinkled with olive trees and old
walks, punctuated by numerous, shaded resting areas where you can enjoy elevated views of the surrounding hillside or the tranquillity of the ornamental lake and pagoda. A weekly mini bus service is provided to take residents to local shops and supermarkets in the nearby towns of Loulé and Almancil.
Inspired by the ancient village of Alte, Monte da Palhagueira is home to 33 unique villas, town houses and apartments complete with calçada streets bounded by traditional Portuguese stone walls.
Each property has been individually designed with traditional features and terracota tiled roofs and all have been created with practicality and ease of maintenance in mind.
Independence and peace of mind Residents are able to maintain complete independence, yet can also enjoy the added reassurance that there is qualified
medical assistance on hand, available 24 hours a day, should it ever be required. Tis unique service is provided by the Monte da Palhagueira Nursing Home, which is situated in the restored farmhouse within the village itself. It provides the ideal solution for village residents needing support, yet also desiring the privacy of their own home.
Acquiring a property All properties within the village are available on the basis of a ‘Loan and Accommodation Agreement’ in accordance with English law. Te loan is fully refundable at 1 year’s notice, ensuring your capital investment is protected.
Tere are several other advantages to this arrangement. No government tax (in Portugal this includes SISA tax and a land registration fee) is payable, and upon termination of the agreement and repayment of the loan, the property reverts back to the original ownership. Tis process eliminates the need to sell, avoiding the incumbent expense
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