SOLD! A selection of 1 and 2 bedroom modern apartments within a new exclusive development in Porto. The ground floor properties have their own courtyards while the upper floor duplexes have open views and outdoor verandas. At the centre of the development is the original mansion which has been renovated into a six-room boutique guest-house, the facilities of which, including the pool and breakfast room, will serve both guests and residents. The developer is offering investors a 3% guaranteed rental return p.a.
Located in one of Porto’s most sophisticated districts, the area offers stunning hilltop views to the Douro River and is just a short walk from downtown Porto where you will find an abundance of amenities such as shops, cafes and restaurants.
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.