Expat Community > Portugal

Maineniac
Joined 2016
Posts: 9

Monte da Palhagueira Village

8 years ago

USA couple sick and tired of all the racism and violence in our country. Like most people planning retirement, we are looking for the perfect retirement location. My wife (of 38 years) and I have just started researching about retiring in The Algarve region. I have gathered a tremendous amount of good information from people in this forum. The more we read the more excited and anxious we get about retiring in The Algarve.

We are currently caregivers for my in-laws in their late 80s and they reside with us. So retirement will have to wait until our commitment to them is over. So it may be in a year or five years before we can make the move.

One topic I do need information on is a place called Monte da Palhagueira Village. We have read the info on their website and also various articles in European magazines and newspapers. If we can afford it (and we believe we can) this place sounds ideal for us. But it sounds too good to be true. We truly don't understand the "loan and accommodation agreement" concept of buying property (or is it renting). It says the loan is refundable with one year's notice. What?! How do they make a profit besides the 4.75% loan retention?

Don't want anyone to get the wrong impression about the comment that we are sick and tired of living in our country. We love it and will lay our lives down for it. We are both retired from the military and I am a disabled veteran. Not combat related, just lost 80% of my hearing and knee problems. However, me being a "person of color" I have experience my share of discrimination and racism in my lifetime. Just wanted to clear that up.

Please, any info on Monte da Palhagueira Village would be greatly appreciated. Especially from someone living there.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Expat Community > Portugal

Monte da Palhagueira Village

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