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Four new designed apartments in Rua De Belmonte 103, Porto

Rua De Belmonte 103, Porto

The property is located at Rua De Belmonte 103, Porto

The property is located in the heart of the historic city center of Porto.

The property is totally renovated and with full furniture.

The property has AL certificates for short term rent.

The property Includes 4 apartments –2 T0+1, 1 T1 Duplex, 1 T0+2 Duplex.

There is an option to buy the entire building or the company that holds the building.

Porto

Porto – The Capital of Northern Portugal Porto is the central city of Portugal's northern region, and the second most important city in Portugal. It is in fact the capital of the northern part of the country.

The Porto district is the country's industrial hub, since most of Portugal's factories and construction companies are located in the north of the country. This makes this city a pivotal player in the country's economy.

PORTO

Fraction A T0+1 57.83 SQM

The apartment located on the top two floors and face to the back side. Gross Area of 57.83 SQM.

Price– 320.000,00 EUR

Fraction B T1 Duplex 53.26 SQM

The apartment located on the 1st and 2nd floors and face to the front side. Gross Area of 53.26 SQM.

Price – 320.000,00 EUR

Fraction D T0+2 70.9 SQM

The apartment located on the 2nd & 3rd floor and face to the back side with river view. Gross Area of 70.9 SQM with extra living space of 20.34 SQM and storage space in the upper floor.

Price– 465.000,00 EUR

Fraction C – T0+1 56 SQM

The apartment is located on the 1st floor and faces the back side. Gross area of 55.97 square meters.

Price – 320.000,00 EUR

?WHY PORTUGAL

Portuguese banks allow 60%-70% financing to buy an asset.
The second half of 2021 showed a clear recovery in every real estate segment and continue to grow in 2022.
Portugal´s attractiveness as an investment destination, was mirrored in the debut of several new international players.
CBRE anticipates that in 2022 the investment volume will increase by 50% when compared to 2021, again placing the market in the €3,000 million threshold.
The attractiveness of Portugal as an investment destination is strengthened, among other things, by being a leading tourist destination in Europe.
Portuguese banks encourage foreign investors with bank financing to purchase property at a rate of up to 70%.

INVESTING IN PORTUGAL

Since May 2013, the OECD has listed Portugal as one of the top countries in the world to buy and own real estate. According to this organization, Portuguese real estate is undervalued, and the price-to-rent ratio makes Portugal unarguably the most attractive property market in continental Europe.
The number of foreign people wanting to invest in Portugal has been increasing a lot in the last few years and many have chosen to do it under the Portuguese Golden Visa regime.
Portuguese real estate prices and cost of living are still relatively low in comparison to other European destinations and the growth is still to be continued.
An attractive tax system especially for retirements and hi-tech people makes Portugal a preferred destination to live and invest.

Pedro Franco, Adv

Rua António Pedro número 133, 2 direito 1000-037

⁦+351 968 864 151