Offering the ultimate combination of a central location and excellent finishes, including a communal garden and pool, these apartments for sale in Intendente are perfect for investors or those wishing to live in one of Lisbon’s most vibrant districts.
Why is this opportunity so exciting?
The properties have a fantastic location, close to some of Lisbon’s main attractions, in an up-and-coming neighbourhood. Often compared to London’s East End when it was on the cusp of transition, it’s a really exciting time to invest in Intendente.
What’s the investment potential?
Even though Intendente is very central, property here is up to 40% cheaper than Avenida da Liberdade and Príncipe Real as property prices here range from €4,500 to €7,000 per square metre. With an average of €5,600 per square metre, these apartments represent excellent value and there is strong potential for capital appreciation in the future as the area develops.
Combining excellent finishes and facilities with a central and trendy location, these apartments are ideal for long-term rentals. Based on similar properties in the area, these apartments have estimated net rental yields of 5 to 7%. In addition, unlike other parts of Lisbon, short-term rentals are not restricted here which means that these properties can be rented out to tourists too.
Some of the apartments are also eligible for the Portuguese Golden Visa scheme. One of the best programmes of its kind, the Portuguese Golden Visa programme offers residency to those who invest €500,000 or more in real estate. After five years, it is possible to apply for Portuguese citizenship.
What about the properties?
Created by a renowned developer, this project comprises of 24 one to four-bedroom apartments. Whilst preserving the original Pombaline facade, the interiors have been completely renovated and feature fully equipped kitchens and high-end finishes such as marble bathrooms. Thanks to the project’s east-west orientation, the apartments benefit from plenty of sunlight and views over the city or the lush garden. Sao Jorge Castle can also be seen from the third floor apartments.
The properties also include a parking space and access to a communal garden with a swimming pool - a true rarity in this part of the city.
Pop-up restaurants, concerts, markets and art exhibitions: welcome to Intendente. Along with the neighbouring districts of Mouraria and Anjos, Intendente is evolving into one of the coolest areas in Lisbon.
A unique blend of tradition and diversity, the neighbourhood’s labyrinthine streets and elegant squares combine innovative co-working spaces and bars with more traditional workshops and cafes.
Intendente is very central and well-served by public transport. In addition, some of Lisbon’s most popular areas, like Baixa and Avenida da Liberdade, are just a short walk away.