property market. It gives foreign investors who
spend €500,000 or more on a property the
right to live in Portugal. They are also free to
travel in the Schengen area that includes most
European Union countries and after six years
they can apply for Portuguese citizenship.
It is therefore not a surprise that Portugal is
becoming a top choice for ultra- and high-net
worth individuals who wish to take up residence in the European Union.
One of the most exclusive residential areas on
Lisbon’s glorious and glamorous coastline, Monte Estoril is increasingly the destination of choice for affluent second-homebuyers.
With its cosmopolitan and relaxed lifestyle,
Monte Estoril woos a global mix of buyers.
A large number of French and Scandinavian
individuals are investing in real estate in Estoril.
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Also, an influx of wealthy Chinese, Brazilians
and Russians buying €1 million-plus homes has
recently buoyed the market, particularly for
new contemporary-style homes.
A sought after seaside resort for European aristocracy and prominent artists, and a hotspot
of political intrigue, the Grande Hotel Monte
Estoril building has always been at the heart
of Lisbon’s life. After an impressive restoration,
the Grande Hotel is now being transformed
into an ultra-luxurious property befitting its
historic heritage and pedigree.
A unique presentation of unquestionable
exclusivity and timeless distinction, this
boutique collection of just 15 residences is
destined to redefine modern living at its finest.
With its sophisticated façade, the architecturally significant property exhibits a world of
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