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New apartment for a residence permit in a historic building, in the center of Porto, Portugal

360,000 €
7,500 € /m²
£309,000
£6,437 /m²
  • Total area
    48 m²
  • Bedrooms
    1
  • Bathrooms
    1
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    Price per sqm increase 6.54% over 2020*

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    Location with high rental demand

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    Residence permit for the entire investor's family

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    The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

These residence permit conditions are effective until the end of 2021. Close a deal by the end of November to get all necessary paperwork for a residence permit done in time.

Features
  • Total rooms: 2
  • 6-floor building
  • 6 floor
  • Balcony or terrace
  • Wood parquet flooring
  • Lots of natural light
  • Quality sanitary ware
  • River view

We offer one-bedroom apartment with a balcony and a view of the river on the fifth floor of a historic building.

Interior

The flat includes a living room with a kitchen, a bedroom, a bathroom, a balcony.

Equipment

  • parquet floors
  • built-in wardrobes
  • equipped kitchen
  • quality plumbing

Advantages

The project was approved for the program ”Residence permit in Portugal by investment“. Until the end of 2021, you can apply for a residence permit throught the purchase of apartments from 350,000 euros. From 2022, Porto will be excluded from the program. The required package of documents must be submitted by September 2021.

Location and nearby infrastructure

The property is located on the bank of Douru River, in a prestigious area, in the historic center of Porto. Perfect location near the river and just steps from amazing urban and cultural attractions and excellent schools and architecture will let you enjoy the unique atmosphere of Porto.

Porto is the second largest city in Portugal after Lisbon. It is included in the List of Global Cities, being considered an important element of the world economic system. The historic part of Porto is also a UNESCO World Heritage Site. The city attracts about 13 million tourists every year.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartments for sale in Portugal.

You can see more apartments for sale in Porto (city) elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      Ekaterina Maslova
      Ekaterina Maslova,
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      How to buy property with Tranio

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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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