Luz Living will be, by any number of comparisons or standards in the Algarve, a unique project. A combination of attention to permanent (versus touristic) living, a focus on social spaces aimed at resident interaction, fully accessible design, and practical solutions for everyday living, and its unique location, will set the project apart from other offerings in the region. The design and features have been very much influenced by direct feedback from shareholders, buyers, investors and possible future residents. A balance has been struck between maximising sea views and keeping enough of the build area for resident amenities.
Once the development is fully built, this will be backed up by a service-led approach to staffing and resident interaction, and a focus on internal management of Luz Living to avoid excessive condominium (or HOA) fees. This means investing in people, and creating a link to Luz Living residents.
If you are an investor in the project, please note that the end customer is likely to be a long-term expatriate resident interested in having a permanent home in a quality development. This means that this project will not be a good fit for anyone looking to make a return exclusively by renting out their property to tourists at high prices in the summer. The emphasis will be to create a quality long/term or permanent living model, which will attract stable but premium returns for investors over the long term, and maintain Luz Living’s exclusive feel.
If you are a full-time resident, whether having purchased your own apartment (condo) or renting long-term, you can rest assured that you will not be treated like a second-class citizen during the busy summer months. You will still be able to go for your morning swim if that is your routine, or read a book in the quiet media centre or play bridge with your neighbours or friends in the residents’ lounge.
Luz Living should appeal to any of the following groups: