Real Estate Investor Magazine July/ Aug 2020 July 2020 | Page 49

A SUBSTANTIAL LUXURY REAL ESTATE ASSET
On offer are one, two and three-bedroom luxury
apartments in LX Living, ranging in price from €440 000 to
€1 370 000.
Features include:
• At least one secure basement parking bay per apartment
• Timber floors and engineered stone countertops
• Integrated fridge, oven, hob, dishwasher & washing
machine
• Air conditioning and double-glazing throughout
In addition, residents will have full use of a suite of hotelstyle
amenities and services including:
• A gym, day spa and two swimming pools, one indoor and
one rooftop
• Ample underground parking – a rarity in central Lisbon
• Two restaurants, a bar and rooftop garden
• Hi-speed fibre connectivity throughout the building
THE MACRO FACTORS: WHY FOREIGN INVEST-
MENT IS POURING INTO PORTUGAL
internal plaza, two swimming pools, a gym, a day spa and
two restaurants.
The development, which is currently under construction
for delivery in 2021, is a joint venture by John Rabie’s
European company, Neworld, and GMG Real Estate, a
well-established property developer based in Geneva,
Switzerland.
A SOUND INVESTMENT WITH EXCELLENT
GROWTH PROSPECTS
LX Living offers outstanding offshore investment
fundamentals, with exceptional security, strong rental
income potential, and excellent prospects for medium to
long-term capital growth.
Here’s why an apartment in LX Living ticks all these boxes:
• It is a high-yielding investment in a directly owned
bricks-and-mortar asset
• Located in one of Europe’s top-performing real estate
growth zones
• A 4% rental guarantee is available on all one-bed units
for the first two years
• This includes a turnkey property management service
• A full furniture pack is included in the purchase price for
rental pool units
• Loan-to-Value finance of up to 75% is available from
Portuguese banks*
• Current interest rates on offer vary between 1% to 2,5%*
• Interest rates can be fixed for buyers under 45 years old*
• Estimated pre-tax leveraged yields are in excess of 10%
* Terms and conditions apply
Portugal’s reputation for pragmatic, efficient and
progressive administration has been enhanced by its
effective response to the coronavirus pandemic. As a result,
Lisbon has been rated in a recent Knight Frank Real Estate
report as one of only four major cities globally to expect a
positive growth rate in 2020 and 2021!
In addition, Portugal is widely acknowledged to be one of
the safest countries in the world, with no significant crime,
no geo-political problems, a sound economy, and a firstworld
healthcare system.
So it comes as no surprise that the PriceWaterhouseCooper’s
‘Emerging Trends in Europe’ identifies Lisbon as one of the
top 10 real estate markets in Europe for 2020. Nor that Forbes
magazine has identified Portugal as one of the top three post-
Covid-19 retirement destinations in the world.
THE GOLDEN VISA RESIDENCY PROGRAMME
Portugal’s Golden Visa residency programme has been
one of the most successful of its kind in the world.
The benefits of this non-demanding, five-year process
include:
• Residency in one of Europe’s warmest, friendliest countries
• Working and travel rights across the European Union
• Access to tertiary education across the EU
• Outstanding and affordable health care
Exclusive agents in SA:
Anton McElhone 083 506 7829
Michael McElhone 064 756 4960
www.lxliving.com
SA Real Estate Investor Magazine JULY/AUGUST 2020 45