Choosing and finding an apartment for sale in Avenidas Novas in Portugal is one of those tasks that more and more people have been working on lately. Buying an apartment provides not only a comfortable life in a beautiful place and a profitable investment, but also the opportunity to get a Golden Visa. The latter, in turn, gives the right to live in Portugal for any amount of time during the period of validity of the visa and subsequently receive citizenship. Apartments for sale in Avenidas Novas, a district in the center of Lisbon, are available for sale at very affordable prices.
The average offer price for an apartment of 90 m² is about 250–300 thousand euros. At the same time, the Portuguese law allows you and your family members to live in a purchased apartment. Also, the law allows you to rent an apartment and at the same time earn about 35-40 thousand euros per year.
Property for sale in Avenidas Novas
The Avenidas Novas area is located in the city center of Lisbon. Here is the main part of tourist attractions, the Nacional Do Azulejo Museum, the Jardim Zooloqico zoo, Estrela Basilica and others. Also, Avenidas Novas is located near the airport of Lisbon and is one of the most important areas of the city.
Investors buy a large apartment and enjoy the benefits of the area. Apartments of 150 m² are offered for sale at a price of around 500-550 thousand euros.
Buying an apartment with a main view of the center of Lisbon meets all expectations of a high level of comfort. Most of the offered apartments for sale in Avenidas Novas have excellent terraces and large balconies. The Portuguese government regards the purchase of an apartment as an investment in the country’s economy. This means that every property buyer, who invests 500,000 Euros or more, can be subject to the Golden Visa program. Under the terms of the program, the purchase of residential or commercial real estate in the amount of at least 500,000 Euros provides the buyer and his family members with a temporary residence permit. Subsequently, subject to the rules of the program, the property buyer has the right to naturalize and obtain Portuguese citizenship.
Luxury Apartments for Sale in Avenidas Novas
Luxury apartments for sale in Avenidas Novas are sold in the best areas. There are options for apartments with several rooms, a balcony, a garage and storage rooms. The average price of such offers on the market is about 700-750 thousand euros.
Investors who want to buy luxury apartments a little farther from the center can expect a lower cost. For example, they can purchase apartments with an area of 65-70 m², paying about 300-350 thousand euros.
Advantages of buying an apartment in Avenidas Novas
Apartments for sale in Avenidas Novas is a sought-after way used by many investors. Their goal is to obtain a permanent income or the acquisition of citizenship of a country within the Schengen zone. Many experts consider Portugal one of the most attractive countries in Europe in terms of investment. In addition to the obvious income, the country also offers investors some tax advantages. Thanks to a law passed in 2015, Portugal does not have double taxation. This allows investors to pay income tax in the country where this income was received.
In addition, low taxes in relation to real estate investors allow individuals to invest larger amounts. Portugal provides some incentives for individuals purchasing property worth more than 1 million euros. For example, investors get the privilege of granting the right to get a gold visa for a second family.