SOLD. An attractive collection of apartments located in downtown Lisbon, in the popular Misericórdia neighbourhood. The three-story building is undergoing a complete renovation and will comprise of five trendy new apartments. The traditional clay rooftop building is situated on a charming cobbled street in one of Lisbon’s most central neighbourhoods, surrounded by an array of local attractions and amenities, all within a few minutes walk from the property.
All completed apartments will include smart-home technology and be stylishly finished with light, airy and modern interiors. There is one two-bed unit available and four one-bedroom units to choose from, priced from $351,200. The style and location of these properties make them ideal for the rental market. The developer is offering investors a guaranteed rental return of 3% per annum for 4 years.
This small boutique project has limited availability and is likely to sell out quickly.
Golden visa legislation in Portugal allows a 30% reduction in the qualifying limit through investment in buildings that are over 30 years old and in need of renovation work. This project falls into this category so investors can apply for a Portuguese residency visa by purchasing these properties at just €350,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.