Investment with Goldcrest

Client Background

Our client in the trading industry from Nigeria decided to invest in Portugal, purchasing a large farm in Alentejo. This farm consists of a traditional house on a 13-hectare plot with olive trees, fruit trees, and other vegetation. The client appreciates Portugal for its tranquility, a stark contrast to their stressful life in Nigeria, where they often feel easily upset.

Challenges and Market Navigation

Navigating the Portuguese real estate market posed significant challenges for the client. The complexities of purchasing property and developing a construction project in a foreign country required expert guidance and support.

Trust and Partnership

Recognizing the need for reliable assistance, the client sought a trustworthy partner to help navigate the real estate landscape. Our team’s expertise and established relationships provided the necessary support, ensuring a smooth process from purchase to project management.

Property Acquisition and Development

The real challenge lay in transforming the property into their vision of a “James Bond kind of house.” The planned 1500 sqm house includes a wine cave, a 300 sqm pool, six bedrooms, and extensive areas for agricultural equipment, with the project valued at around €3M. Although the client holds property in Nigeria, they are not a seasoned real estate investor. The decision to purchase a farm in Portugal for €240,000 was driven by the potential to get more value for their money.

Our Approach

Understanding the Client’s Needs

We took the time to understand the client’s specific requirements and vision for the property. This involved multiple consultations to ensure we had a clear understanding of their goals and aspirations.

Partnering with a Reliable Account Manager

To facilitate the development of the client’s dream home, we partnered with a reliable account manager experienced in handling large-scale construction projects in Portugal. This partnership was crucial in navigating the complexities of the construction process.

Managing the Construction Process

We provided continuous support and oversight throughout the construction process, ensuring that the project stayed on track and within budget. Regular updates and transparent communication helped maintain the client’s confidence and trust.

Solution

The client’s investment has led to the acquisition of a unique property in a remote area of Estremoz. This location provides the peace and quiet they were seeking, away from the hustle and bustle. Once completed, the property will also create local employment opportunities, as the client plans to hire workers to help with agricultural production, including fruits and wine.

About the Area

Estremoz is a beautiful city in Alentejo, known for its tranquil lifestyle and picturesque surroundings, making it an ideal destination for those seeking a peaceful retreat. With a population of only 6,000 residents, Estremoz offers a calm and easy pace of life, far removed from the hustle and bustle of larger cities like Évora. Yet, its proximity to Évora and just an hour and a half away from Lisbon ensures that the conveniences of urban living are never too far away.

For potential investors and buyers, Estremoz presents a unique opportunity. The city is renowned for its white marble, a natural treasure of the region. The local marble industry, supported by numerous quarries, not only adds to the charm and heritage of the area but also signifies a thriving economic sector. Investing in Estremoz means tapping into a locality that prides itself on quality and tradition.

Moreover, the real estate market in Estremoz is ripe for investment. The serene environment, coupled with the rich cultural and historical backdrop, makes it an attractive option for buyers looking for a second home, retirement property, or even a primary residence away from the crowded urban centers. The availability of beautiful, traditional properties at competitive prices further enhances its appeal.

Client Gains

Unique and Tranquil Property

The acquisition of this unique property in a remote area offers the peace and tranquility the client was seeking, providing a perfect retreat from their busy life in Nigeria.

Local Employment Opportunities

The development of the property will create jobs for local workers, contributing to the local economy. The client’s plans for agricultural production will provide ongoing employment and support the region’s economic growth.

Realizing a Luxurious Vision

The client’s ambitious vision of a luxurious “James Bond kind of house” is well on its way to being realized. The high-value construction project includes premium features such as a wine cave, a large pool, and extensive facilities, enhancing the client’s lifestyle and investment portfolio.

Overall, the client is set to enjoy significant lifestyle enhancement and financial growth through their strategic investment in Portugal.