Price per 1/8 ownership
Tavira - Algarve - Portugal
per 1/8 ownership
Tavira - Algarve - Portugal
This beautiful villa, characterized by the symbioses of high standard architecture and the tropical scenery of Tavira, let's you experience a unique living experience in the Eastern Algarve.
The smart way of owning a vacation home
Price per 1/8 share
per 1/8 share
Villa Formosa is located in a exclusive and quite neighborhood of Tavira, a small coastal town in the Portuguese Algarve. The city is located on the Gilão River, which flows into the sea through estuaries and lagoons in the Ria Formosa Natural Park.
The Location is characterized by short distances and great infrastructure. Within 10 minutes you can reach beautiful sandy beaches like Cacela Velha, Manta Rota, Altura and Monte Gordo. Additionally, easy access on the local motorway (A22) is granted with which you can reach the Faro International Airport comfortably within 30 minutes.
Yes. You are the legal owner of a share in your vacation home with all rights and obligations that come with ownership of real estate. To set up co-ownership in an easier way, you hold your real estate ownership through a property-specific holding company that EVEROMES sets up. The holding company, as well as your vacation home, is managed by EVEROMES.
Yes, as a true legal owner, you fully participate in any equity gains resulting - for example - from rising property prices in our carefully selected destinations. Typically, we see annual value increases between 3-10% in our top vacation destinations.
No, neither. With EVEROMES, co-owners have a deeded ownership in the holding company and therewith in their vacation home. In contrast, most of the past and present timeshare or buy-to-lease models sell the right to use one or multiple assets of a pool for a fixed amount of time. Typically, in timeshare or buy-to-lease models, members do not have real ownership rights.
We fully protect you as a co-owner. As the manager of the holding company of your EVEROMES vacation home, we take full financial responsibility if a co-owner does not pay his/her bills. This is a great benefit of our co-ownership program.
No. In all areas of real estate - from commercial to retail and residential - it is a common practice to hold ownership in properties through holding companies. This has certain advantages such as easier transferability, possibilities to govern the relationships between multiple owners etc.
EVEROMES manages the entire acquisition process, the ongoing management of the holding company as well as the potential resale of shares by co-owners. This includes setting up the property-specific holding company, evaluating the applicants who are interested in a co-ownership and running the closing process. Once the holding company is set up, EVEROMES takes care of the ongoing affairs of the holding company, which includes bookkeeping, communication to the co-owners, contracting and controlling service providers etc. If co-owners decide to sell their interest in the property, EVEROMES provides a marketplace for co-owners to buy and sell shares to and from like-minded people.
No. Co-ownership in an EVEROMES vacation home is structured through a holding company under German law. Owners purchase a share in the property holding company and therewith have a deeded ownership in the entire real estate asset. This structure provides co-owners with protection, privacy and flexibility. A Tenancy in Common is a specific type of ownership format with deeded ownership for each partial individual owner for a defined part in the asset.
We have vetted each member of our co-ownership program and take particular care of only allowing people to join the group of co-owners who share the same values and respect towards the jointly owned vacation home. However, there is always the possibility that something breaks or gets damaged. Damages that go beyond regular wear and tear are charged to the co-owner who has booked the vacation home at that time. To ensure truly sublime living experiences for every co-owner, all EVEROMES vacation homes are inspected after each visit.
Villa Formosa - Symbioses of Modern Architectural Design and Eastern Algarve Scenery
Villa Formosa is located in the most exclusive location in Tavira, Quinta do Perogil. The property grants you a 180 degree view over the city of Tavira, overlooking the sea at any level of the property.
The property is characterized by its privacy, thanks to the generous plot, as well as its high standard of constructions and selection of materials. Features such as double glazed windows, air conditioning, electric shutters, security systems and a lift make life as comfortable as it gets.
Upon entering the villa, one gets through the beautiful entrance hall to 3 spacious bedrooms plus an office, which are all equipped with a south-facing terrace. Through an additional elevator in the entrance hall, you can comfortably reach all levels of the Villa.
As one reaches the lower floor one will find an additional bedroom and bathroom. Furthermore, an open plan living and dining room with an integrated, fully equipped kitchen leads to an open and spacious ambience. The living room is directly connected to the patio with the pool, which creates the desired vacation atmosphere.
Villa Formosa offers the highest standards of sublime living, combined with a beautiful scenery in the Eastern Algarve.
Are you interested in learning more about buying an EVEROMES vacation home?
We are happy to support you with the information you need.
© 2022 EVEROMES GmbH