Millennium BCP Selling Algarve’s Lux Tavira Residence

3 November 2017

The venture located in the Algarve belonged to the Entreposto Group and is now in the hands of Millennium BCP. The Lux Tavira Residence currently has 17 villas for sale.

Century 21 Portugal is exclusively marketing the project that has a total of 26 three-bedroom villas costing 280,000 euros each. It is a closed condominium with three swimming pools, individual garages, a manned front gate and gardens.

Located next to the Ria Formosa Natural Park, just three kilometres from Barril beach, in Santa Luzia, Tavira, Lux Residence has all the potential to attract foreign investors. Paulo Silva, director of Century 21, revealed that demand is coming from both Portuguese and international clients, namely French, American, Brazilian, etc.

The project was completed with Mediterranean-style architecture, excellent detailing and location, with superb views of the Ria Formosa, solar panels for water heating and home automation. “The target audience is the middle and upper-middle classes, that is looking for peace and quiet, proximity to the beach (10 minutes walking), comfort and leisure,” the person in charge explained.

Original Story: Diário Imobiliário

Translation: Richard Turner