1st Floor Apartment with Two Bedrooms, Portugal

Portugal is an increasingly popular tourist destination positioned between Spain and the Atlantic Ocean. More specifically Porto, the capital of the northern region has seen a 32% increase in property values. Therefore, this 1st floor apartment, in Porto is part of a 16th Century conservation project. The Developer uses juxtaposition perfectly. Mixing the contemporary life and passions of the modern-day traveller/worker against the more traditional designs & structures of the 16th Century. Thus, curating an impressive opportunity for Investors to jump into the Portuguese property market.


Investing in Porto, particularly traditional properties, presents an opportunity to lease apartments within the thriving tourism industry. With its traditional and rustic charm, this apartment would be suitable as a holiday rental (or Airbnb)

1st Floor Apartment with Two Bedrooms, Portugal

Portugal is an increasingly popular tourist destination positioned between Spain and the Atlantic Ocean. More specifically Porto, the capital of the northern region has seen a 32% increase in property values. Therefore, this 1st floor apartment, in Porto is part of a 16th Century conservation project. The Developer uses juxtaposition perfectly. Mixing the contemporary life and passions of the modern-day traveller/worker against the more traditional designs & structures of the 16th Century. Thus, curating an impressive opportunity for Investors to jump into the Portuguese property market.


Investing in Porto, particularly traditional properties, presents an opportunity to lease apartments within the thriving tourism industry. With its traditional and rustic charm, this apartment would be suitable as a holiday rental (or Airbnb)

Price
581,823€

Status
Under Construction

Apartment Size
104 Sqm

Delivery
April 2020

Floor
1

Developer
Ergicon

Price
581,823€

Status
Under Construction

Apartment Size
104 Sqm

Delivery
April 2020

Floor
1

Developer
Ergicon

Continue
porto-343487_1920.jpg porto-343487_1920.jpg porto-343487_1920.jpg porto-343487_1920.jpg

Portugal lies on the shores of the Atlantic Ocean and shares a single border with Spain. Over the last few years, Portugal has become a vibrant centre for tourism, with over 20 million tourists visiting the country in 2017. Following prudent steps taken by the Portuguese government over the last few years, the country’s economy has successfully recovered from the financial crisis in 2008 and has managed to keep growing steadily and consistently since 2014.


Ernst & Young have reported that, foreign investments in Portugal are currently skyrocketing, and all relevant economic measurements are in a positive trend. The Portuguese real estate market growth started simultaneously with Portugal’s recovery from the financial crisis. Since 2014, the housing prices have increased exponentially.

porto-2048724_1920.jpg porto-2048724_1920.jpg porto-2048724_1920.jpg porto-2048724_1920.jpg

Porto. The capital of Portugal’s Northern Region is the second largest city in the country and home to about 240,000 residents. Being the capital of the North of Portugal, many local corporations have established their headquarters within its area and are responsible for the employment of many of the city’s residents. Porto has a highly developed public transportation system - The light rail spans across 60km, making it the largest urban public transportation system in all of Portugal.


According to a report published in 2018 by Cushman & Wakefield, the shortage in residential apartments in and the high demand, has led to a significant increase of about 32% in the value of apartments between 2013 and 2017.

gailatlarge-GEA_2385.jpg gailatlarge-GEA_2385.jpg gailatlarge-GEA_2385.jpg gailatlarge-GEA_2385.jpg

Characteristics: Conservation project in downtown Porto, including 13 unique and different apartments. The ancient structure in which the apartment is located has been standing since the 16th century and has been uniquely crafted to translate modern & traditional architecture.


Location: The building is located on 77 Flores Street, in downtown Porto. This street serves as a scenic and vibrant boulevard, bustling of tourists, coffee shops, and commercial areas.


Developer: Ergicon is an engineering and contractor company, active mainly in Portugal and Angola. Furthermore, they have obtained over two decades of experience in the field of real estate development.

7.jpg 7.jpg 7.jpg 7.jpg

Capital Gains

Rental Yield

  • According to a report published by JLL, the rental price in Portugal has increased by 45% over the last 5 years.
  • Deloitte published a report on the Rental yield of residential property in Porto. In 2017 it stood at approximately 6%. According to other estimations, as of 2018, revenue from rent in Porto stands at about 7%.

FAQs

All you need to do is click "continue" follow the steps, agree to the terms of our Management Agreement and click invest. We will manage everything from there. If you have any questions about the process or our management agreement, contact us here.

After decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.

The next step may involve meeting with a Notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.

Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortisation schedule. In addition, you’ll be required to transfer the management and platform service fees.

One of the main benefits to using our platform to procure new property developments is the use of our management services. Although, this page makes us look more like a realtor, we are not.

We provide a management service to property investors looking to diversify their portfolio abroad. Which will include managing the entire sales process, negotiations with the Property Developer, Interior Designers and Contractors. In addition, we'll help you set up a bank account and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates & photographs
  • Ability to pay with instalments
  • Payment is not required through our platform
  • Fully Managed after purchase; including Tenant Sourcing & General Management
  • Everything can be viewed & managed from your Investmart account

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.

 |