SOLD! These exquisite new apartments are situated in the heart of Porto, within walking distance from the famous “Aliados” Square and traditional markets. The project comprises of 18 apartments in total, 16 one-bedroom units and 2 two-bedroom units which are all tastefully designed with a contemporary and luxurious finish. All apartments include air-conditioning, double glazed windows, fully equipped kitchens and can be completed fully furnished.
The developer is offering investors a 3% guaranteed rental return for 5 years.
Golden visa legislation in Portugal allows a 30% reduction in the qualifying limit through investment in buildings which 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.