SOLD. 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 brings the required investment down from €500,000 to just €350,000. Properties that fall into this category are not only difficult to come by, due to stringent requirements, but it is difficult for international investors to manage the renovation works from aboard.
We have a selection of renovation projects to offer in Lisbon which will allow investors to qualify for the reduced investment route. The cost of the renovation work is included in the price and will be completely managed for you by the developer, saving overseas buyers the stress and time and costs of overseeing this aspect themselves. Some of these properties offer a guaranteed rental return of 4% per annum. The projects we can offer vary in price, and a portfolio of properties can be bought to make up the required €350,000 investment.
Due to the rarity and demand of such developments, these properties sell quickly when released onto the market. We urge investors who are seriously interested in these opportunities to contact us as soon as possible as we often have a waiting list in place for such renovations.
The images shown above are examples of the before and after results of some recently completed projects. Unfortunately, availability moves quickly and we cannot display each of the projects here.
Lisbon is a city full of charming architectural design and these projects aim to rejuvenate some of Lisbon’s finest buildings, restoring them back to full life and embracing their stunning features. Each development will be fully renovated using high quality materials and luxurious fixtures and fittings, offering an impressive end result.
For more information on the current options available, please contact us for more details.