Estate Living Magazine Connection - Issue 43 July 2019 | Page 63

L I V E
S M A R T
The City of Lisbon is investing millions in renewing its public spaces,
expanding school facilities and introducing smart city innovations. Its
public transport system has received a major boost with the expansion of
its Metro to four lines with stops at 56 stations.
These investments have attracted the interest of international companies,
such as Google, Mercedes and Zalando, which have chosen Lisbon as the
location of new centres and installations, raising the profile of Lisbon as a
growing tech hub in Europe. The city is also the host for one of the world’s
largest technology conferences, Web Summit.
Investing in Lisbon
With competitive lending rates and payment plans, it’s a good time, now
more than ever, to invest in Lisbon’s lucrative housing market. But investing
in any overseas property market can be daunting.
How do you know the property you’re investing in is the right one? What
about the tax implications? What international laws and local conditions
are important to consider? Is the economy you’re investing in stable, and
what are the prospects for an excellent return on investment?
It’s easy to be misinformed or to simply misunderstand the idiosyncrasies
of the international market in which you’re looking to invest. This is why it’s
important to partner with a property investment company that can help
you navigate the waters.
Providing end-to-end consultation throughout the entire investment
process, from initial research and acquisition through to a full lettings
and management service, your property investment partner will help
you structure your investment optimally, including the complicated tax
implications.
Unlike an estate agent who highlights potential investment
opportunities, IP Global takes it a step further, investing along
with its clients in the developments they identify.
One such development in Lisbon is located in one of the city’s
oldest suburbs, a few blocks from the Castelo de São Jorge and
just up the hill from the São Vincente de Fora Monastery.
Promising yields of between 3.9% and 4.8%, Bela Vista
comprises 35 studio, one- and two-bedroom units, of which 14
are exclusive to IP Global. Scheduled for completion in October
2020, Bela Vista’s studios will be 42 square metres in size, while
one-bedroom units range from 57 to 66 square metres, and two-
bedroom units from 90 to 107 square metres.
Average rates per square metre in Graça, says IP Global, are
substantially lower than the average square meterage rates
in the popular neighbourhoods of Chiado and Alfama. While
Graça exudes an air of history and tradition, low rents and good
bus, tram and underground networks have attracted younger
residents to this up-and-coming neighbourhood.
Centred around Lago da Graça, next to the historic
neighbourhood of Alfama, this trendy neighbourhood is
one where narrow streets brim with shops, restaurants and
Portuguese heritage and culture. Spend a few days here and
you’ll understand why Lisbon justifiably earns its title as the
‘coolest’ city in Europe, according to CNN.
To secure your Bela Vista investment, a 20% up-front deposit is
required on signing a Client Promissory Agreement (CPCV),
with a further 20% five months later, 15% 10 months after
signing the CPCV and 45% on completion and signing of the
deed. Mortgage finance of up to 70% Loan-To-Value (LTV) Ratio
through Banco Montepio is available, subject to conditions.
info.ipglobal-ltd.com
L
With IP Global as your investment partner, all you’ll have to do is
develop a taste for good food, good wine and laid-back living –
it’s the Portuguese way.
IP Global’s preferred partner, Complete, can also offer investors
an end-to-end property management service that will look after
all post-completion activities including handover, furnishings,
lettings and management.