Q&A Echo Valley
1) PROJECT
The development comprises 154 modern villas, each with a private, heated pool. The villas
range from one-bedroom to three-bedroom options, offering a versatile living experience.
The resort includes various communal amenities such as a restaurant/bar, gym, store,
and a variety of services. The thoughtfully designed landscape, featuring orchards,
gardens, and green spaces, provides a tranquil environment ideal for both relaxation and
remote work. The eco-friendly, luxury villas blend harmoniously with the natural beauty
of the surrounding landscape.
2) DEVELOPER & MANAGEMENT
Invego, one of Estonia's leading real estate developers, boasts over 15 years of
successful experience in residential and commercial property development. With a team
of industry experts, Invego's success is fueled by a shared commitment to excellence and
innovation, constantly setting new standards in the market. Confidential Sphere
Investment owns the Echo Valley development project and will also manage the resort
operations.
3) CONSTRUCTION
Construction timeline:
- Start of infrastructure: Q4 2024
- Start of Phase 1 villas: Q1 2025
- Start of Phase 2 villas: Q2 2025
- Amenities construction: 3 to 6 months after the start of Phase 1
The project consists of 7 phases, with completion expected in 2029.
4) LOCATION & ACCESSIBILITY
Echo Valley is situated in the Algarve region, South of Portugal, in the scenic hills with
stunning views of Monchique. It offers easy access to the highway, and is:
- 40 minutes from Faro Airport
- 2 hours 20 minutes from Lisbon Airport
- 20 minutes from several beautiful beaches (Praia Falesia, Praia Caneiros, Praia
Carvalho, etc.)
There are also 39 golf courses within a 30-minute drive.
5) RESORT FACILITIES
The resort offers an array of amenities, including:
- Gym
- Indoor and outdoor yoga spaces
- Soccer field
- Beach volleyball and beach tennis courts
- Paddle courts
- Mountain biking tracks
- Hiking trails
- Co-working center
- Supermarket
- Lounge/pool bar
- Restaurant
- Storage facilities
- Outdoor spaces for remote work
- Electric vehicle and bike rental
- Beach club with EV shuttle service
- Daycare service
- Security service
- Rental and property management services
6) FURNITURE
All villas come fully equipped with high-quality components, including indoor climate
systems (heating and cooling), underfloor heating in bathrooms, and wooden floors. A
detailed list of options for interior customization will be provided to buyers.
7) SURROUNDINGS
Echo Valley is located 2 km from the historic town of Silves, once the capital of the
Algarve. Nearby, you will find daily essentials such as:
- Post office, bank, and ATM
- Pharmacy
- Restaurants and supermarkets
- Butcher, bakery, and florist
- Doctor, hairdresser, and church
Additionally, the region is within:
- 2 hours 20 minutes of Lisbon
- 2 hours from Evora
- 2 hours from Seville
Other local attractions include several vineyards, an F1-track, off-road driving, canoeing,
water parks, and surf schools.
8) PAYMENT TERMS
Reservation:
- €10,000 reservation fee for a villa
- After signing the reservation contract, you have 60 days to sign the promissory
contract. The reservation fee is refundable.
Promissory contract:
- 20% of the property's total value is due upon signing the promissory contract.
- 20% is due upon completion of foundation works.
- 60% is due at the final deed.
9) PROPERTY MANAGEMENT
Estimated monthly management costs per villa:
- T1: approx. €270
- T2: approx. €410
- T3: approx. €510
- T3L: approx. €640
This includes:
- 24/7 security surveillance
- Gardening (common areas and individual villas on demand)
- Cleaning (common areas and individual villas on demand)
- 24/7 reception
- Heating of common pool areas
- Maintenance of sports and leisure facilities
- Waste management
- Internet (fiber optic)
- Insurance
- Administrative and accounting costs
- Reserve fund
- Utilities (water, electricit
Références légales
Caractéristiques
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