Olivie is a luxury condominium located in one of the quietest and most accessible areas of Portimão, just 5 minutes away from both the city center and Alvor. The project features modern architecture, high-quality standards, excellent finishes, and superior materials. Construction has already begun, and the two buildings are expected to be completed by December 2024.
The condominium offers spacious T2 and T3 apartments with generous living areas and large balconies. Residents will have access to an outdoor swimming pool, a gymnasium, and basement parking for one or two vehicles. The apartments in Olivie are designed with utmost attention to detail and offer a wide range of amenities and utilities, including Daikin air conditioning, underfloor heating in the bathrooms, electric blinds and blinds, a fully equipped kitchen by BOSCH, a garage place or places, solar water heating system, video intercom, excellent thermal and acoustic insulation, high-quality materials, and luxury finishes. These features ensure a comfortable and luxurious living experience.
Olivie Condominium is suitable for permanent residence, vacationing, or rental purposes, providing flexibility and versatility to residents. The rental yield is from 4% year-on-year.
Portimão, the location of this wonderful project, is one of the most beloved cities in the Algarve. Situated on the estuary of the River Arade, Portimão is the largest city in the Western Algarve with a population of around 60,000. It is renowned for its historic center, vibrant marina, and proximity to beautiful beaches like Praia da Rocha, which is widely recognized as one of the best beaches in the Algarve. The beach features vast stretches of golden sand, calm waters, and stunning ochre cliffs as a backdrop, along with the medieval fort of Santa Catarina de Ribamar. Portimão offers a variety of other excellent beaches with golden sands and tranquil waters, making it a popular holiday destination. Praia da Rocha, located approximately three kilometers from the city center, is particularly well-known and has become an iconic image of the Algarve with its expansive sandy beach. As a long-established seaside resort, Portimão provides various leisure activities and amenities, including a casino and a range of entertainment options. The mouth of the Arade River has hosted major events in recent years, including the Portuguese competition for the international Formula 1 powerboat championship. Today, Portimão is a reference municipality in the Algarve, known for its vibrant tourist offerings and dynamic atmosphere. The city offers a diverse range of activities and maintains a lively rhythm throughout the year, making it an exciting and vibrant place to live or visit. In total, there are two buildings in the condominium: in one - 8 apartments, in the other - 7 apartments of typology T2 (two bedrooms) and T3 (three bedrooms).
Four T2 apartments with a total area from 95 m2 to 101 m2;
Price€ 380 000 and € 385 000.
Nine T3 apartments with a total area from 211 m2 to 254 m2;