We’re delighted to offer overseas investors this exciting central Lisbon Golden Visa investment opportunity ahead of the anticipated change to the programme at the end of 2021.
Legislation expected to come into force at the beginning of 2022 will limit properties which qualify in some of the city’s most sought-after areas. However, this restoration project in Estefania currently meets the required criteria under the regulations governing refurbished homes.
The property is on the market for €290,000 but, to meet the necessary requirements for a Golden Visa, the purchaser would need to complete a €60,000 refurbishment project.
Refurbishment project details:
The restoration project costed by the KHI team would include the following:
New electrical wiring.
New water pipes.
Pre-installation of air conditioning.
Double glazing with electrically-operated blinds.
Full makeover in both bathrooms.
A fully-fitted kitchen.
Plastering and painting.
Completed property specifications
Once the restoration project is complete, the new property would include two double bedrooms and two bathrooms, a contemporary fitted kitchen ready for gas an electricity installation, and a large living area (please see the new floor plan in the photo gallery).
Not only would the completed project enhance the value of the property considerably, it also allows the new owner to consider rental options which, in this location, are both sought-after and potentially lucrative.
Some of the famous Lisbon landmarks within easy reach include Marquês de Pombal / Avenida da Liberdade within a 15-minute walk.
The neighborhood resonates particularly with families and renowned for the local hospital which specializes in pediatrics.
Avenida Pascoal de Melo is where you will find many of the traditional shops, furniture stores, cafes, restaurants and gardens. Almirante Reis boasts the fashionable area known for following the latest fads and trends.
The KHI team can arrange viewings in advance and also assist with applications for a mortgage if required. We also have self-serve viewing options available, including video walkthroughs, 360-degree virtual reality viewings and enhanced comprehensive photography.
Members of the KHI team speak English, Portuguese, Arabic, Russian and Turkish. We have offices in Lisbon, Edinburgh, Bodrum, Istanbul and Fethiye in south-west Turkey.
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