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Purpose Built Retirement Village in Algarve

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malmal
  6/6/2013 08:57 EST

Hi everyone. I have a web based business associated with retirement housing mainly in spain but have the opportunity to set up a retirement village in Southern Algarve.

What I would like to know is, would there be anyone interested enough to pledge their support for this kind of enterprise. There are certain grants available for the project which I would like to pass on these benefits to those interested in order to keep the costs of purchase of a unit and the services down to an affordable level.

Your comments would be welcomed as long as they are constructive.

anibalventura
  6/6/2013 09:32 EST

the current minister of economics said once, Portugal should be a heavy competitor with Spain and places as "costa del sol" in terms of capturing the retiree european expat market looking for warms places in europe.

So what would be the assistance needed ?
Lead generation ?

can you share a bit more please?

thanks

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malmal
  6/6/2013 10:59 EST

Hi Anibalventura. Portugal should be a heavy competitor in this field but I guess it comes down to cheaper priced properties on retirement complexes in Spain as well as perhaps the better weather.

Funding for this kind of enterprise is difficult to find for some reason and that is why it would be helpful to find enough people interested to make a pledge to purchasing a unit without putting any money down first. I think if this idea was to catch the imagination of enough interested people, it would be easier to find a backer etc.

My web based business has been established for some 11 years now and have built up a good reputation in providing this unique kind of housing for the over 55's. I started with linage advertising through the Saga magazine untill it became too expensive to advertise with them any longer. I received many inquiries and Im sure there are still many people out there who would like to either move to another country including the expats in Portugal who Im sure would rather stay in their adopted country given the chance.

malmal
  6/6/2013 13:22 EST

I might add that the project is somewhat already started in that the area to be utilised is part of an established old village that's been put out to pasture with several buildings available that can be adapted but together with the new assisted living wing to be built and the varied facilities already in place, this is a unique opportunity to set up a real retirement village.

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