The project is approved for the program ”Portugal Residence Permit by Investment“. It is a new apart-hotel of 24 serviced apartments with full service, in a renovated historic building in the center of Porto.
Until the end of 2021, you can apply for a residence permit through the purchase of apartments worth from 350,000 euros. Porto will be excluded from the program in 2022.
The area of the apartments is from 29 to 54 m². The apartments are fully furnished. Each apartment is equipped with a small kitchen with refrigerator, microwave and stove. Guests also have access to a restaurant, bar and swimming pool 5 minutes' walk away. The building provides underground parking and reception.
The lease agreement is concluded for 15 years and is renewed for the same period after its expiration. Investor returns will depend on the volume of the investment. Owners of more expensive apartments will receive a higher income. 7 days a year, the investor can stay in his own apartment free of charge.
Location and nearby infrastructure
The hotel is located in the old town of Porto and is surrounded by many historical sites and authentic architecture. There is also a beautiful city garden nearby. Within walking distance there is a bus stop and two metro stations. In addition, all modern infrastructure is at your disposal: shops, restaurants and cafes.
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.