Apartment in city Lisbon
70.00 sq.m., 2 bedrooms

€ 388 000

Translated automatically. Show original description.

Portugal. Lisbon. Apartment in the center with the residence permit.
Portugal. Lisbon, Central district of Lapa.
Residence permit in Portugal for the whole family for 350 000 euros.
Limited supply in the centre of Lisbon
the permit program 350 thousand Euro
Available are 3 apartments in the residence permit program 350 thousand Euro
Layout: 2 bedrooms
Price: € 388 000 - € 420 000
Area: 70 sq. m
The price includes the cost of reconstruction: replacement of engineering systems, floors and Windows, painting the walls and remodeling.
Lapa area belongs to the historical part of Lisbon with lots of museums and galleries. Nearby embassies of such countries as: China, Austria, Bulgaria, Switzerland, etc.
This apartment, ideal for own stay and for long time rental. The average cost of monthly rental income after repairs will amount to 1400-1500 euros.
The district of Lapa is included in the 5 most expensive neighborhoods in Lisbon on property values. According to the JLL report for the first quarter of 2019 the cost per square meter in the district of Lapa averaged 7,000 euros and continues to grow.
Portugal is currently a country with one of the lowest thresholds of investment for obtaining a residence permit. When buying property from 350 thousand euros, which was built 30 years ago or is in the area of urban renovation, investor, and 3 generations of the family get a residence permit in Portugal can apply for citizenship after 5 years.
In the amount of 350 000 euros in addition to the cost of the property to cover the costs of renovation.
1.The average time of repair and/or renovation is 4 months.
2.The cost of the work is on average 1/7 of the purchase price (while the facade repair is not necessary).
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

Similar offers