Until recently, it seemed impossible to live in a new and exclusive gated community overlooking the River Douro in Porto Oriental, in the parish of Bonfim, one of Porto's fastest growing and most attractive residential areas. The sophisticated Aurios private condominium, currently under construction, has changed this scenario, offering an exclusive opportunity to live in a luxurious rural setting with a sophisticated and cosmopolitan lifestyle.
With a clear commitment to energy and environmental sustainability, this urban retreat consists of 48 units, including 26 villas and 22 apartments, in a unique combination of sustainability and architecture. The project is characterised by the use of traditional and ecologically sustainable natural materials such as cork, granite and others with high durability and low environmental impact, as well as a strong commitment to the use of renewable energy. In this way, Aurios blends into the landscape and has a minimal environmental footprint.
Sport and health are combined with comfort and style for the well-being of Aurios residents. The complex has a sports pavilion, a paddle tennis court, a swimming pool and a gym with views over the Douro.
The location of Aurios is characterised by its proximity and the varied and surprising range of outdoor spaces, some of which are on the riverbank. The Freixo Marina is only 3 minutes away, the Historic Centre of Porto is 5 minutes away and the Oriental Park of Porto, with its magnificent lake and 18 hectares of green space, is less than 5 minutes away.
Buying a property under construction has attracted many clients and investors precisely because of the benefits that this form of purchase offers. These benefits have to do with the purchase price, the increase in value of the property, personalisation of the house and the phased payment with or without bank financing.
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Purchase price
Buying a flat or villa under construction means buying more for less. In other words, not only is the property more affordable when you buy it, but once it's finished it has the potential to appreciate in value by up to 20 or 30 per cent more than when it was sold as a flat.
Personalised home
As well as being able to choose the interior design of your new home, such as wall colours, flooring or finishes, you also have the chance to influence the future features of the property, such as adding rooms. But also the chance to choose the biggest or best unit in the development, or the tallest, or the one with the most outdoor space, or the one with the best views. And finally, the chance to have a say in the heating options, kitchen fittings and furnishings or sanitary ware.
Paying in stages
With a flat under construction, payment is made in instalments as construction progresses. Generally, the buyer starts by paying a deposit to secure the property. Later, when the CPCV (Contract of Purchase and Sale) is signed, the dates of the payments to be made as the construction progresses are set out.
If you need bank finance to buy a home under construction, the banks have solutions for homes in this situation where the mortgage amount is released in stages during construction.
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If you would like to see the new Aurios development first hand, contact LUXIMO'S Christie's International Real Estate and book your visit.
