Altar your investment

By Michelle Kimpton
Posted: 2008/11/14

MONTE da Palhagueira, near Loulé in the Algarve, is a unique retirement village owned by the Amesbury Abbey Group.

Properties are effectively 'leased' in return for an upfront capital sum. After giving notice, owners simply receive their original capital back.

This type of investment is very much a lifestyle decision by people who want to enjoy a home in the sun without having the hassle of its upkeep. They will not be concerned about capital growth in the value of their home.

Surrounded by rolling hills, Monte da Palhagueira is modelled on the architecture that the Moors introduced to the region in the 13th and 14th centuries and typified by whitewashed houses, ornate chimneys and colourful windows and doorways. Facilities include two pools, tennis court, putting green and unusually for a new build development, a church.

The village hall is the centre of a thriving social life.

Monte da Palhagueira also has a doctor's surgery and on-site nursing home.

The village is close to the historic market town of Loulé and the sandy beaches of the Algarve. The area is renowned for golf. Three-day inspection visits are available.

INFORMATION: 01980 622957/ www.amesburyabbey.com