6 Bedroom Penthouse near TimeOut Market
For Sale, Luxurious Portugal, Luxury Properties
Graça, Lisbon, Portugal
For Sale, SOLD
This €350k Portugal Golden Visa Option offers a fabulous opportunity for non-EU nationals to acquire a newly-renovated home in the popular Graca district of Lisbon.
Situated on the first floor, the interior design of the apartment will incorporate a living room, kitchen, bedrooms and bathrooms.
Priced at €315,000, the flat would not normally meet the necessary investment benchmark to allow the buyer to apply for a Golden Visa. However, if the buyer also purchased a ready-made renovation package for an additional €50,000, they would meet the criteria.
Steeped in history dating back to the 13th Century, Graca is on one of the highest of Lisbon’s seven hills.
The area first developed as a quarter best known for cultivation, theatre, religious monuments and industry. However, it is now largely residential, offering an intriguing mix of old and new.
The area boasts squares, landmarks and historic buildings. Local businesses include bakeries, restaurants and coffee shops attracting both locals and visitors, with easy access offered by buses, trams and the Metro.
Golden Visas are normally an option offered to buyers of properties worth €500,000 or more. They usually include Schengen Visa rights for both the purchaser and their family.
However, under some circumstances, properties earmarked for renovation worth €350,000 or more can also qualify. The building must be more than 30 years old and located in an area identified for urban regeneration.
There are also minimum residency requirements. An applicant must prove seven days’ residency during the first year and 14 days over the subsequent two years.
Members of the KHI team speak English, Portuguese or Turkish. We have offices in Lisbon, Edinburgh, Bodrum, Istanbul and Fethiye in south-west Turkey.
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Should you wish to discuss this €350k Portugal Golden Visa Option with our British or Portuguese teams, please leave your details here: https://www.keyholdersinternational.com/contact/
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