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Prata Riverside Village

Marvila - Lisbon

3

€1.05m

This three-bedroom apartment for sale in Marvila is part of an exciting riverside neighbourhood created by Pritzker prize-winning architect Renzo Piano who designed The Shard in London and The New York Times building. Frequently compared to London’s Shoreditch or New York’s Meatpacking District, Marvila is on the rise thanks to €3.11bn of public and private regeneration investment which will inject a new lease of life into this neighbourhood. With strong potential for capital appreciation, a fantastic riverside location and stunning architecture, this apartment for sale in Marvila presents an exciting opportunity. 

Key features

Renovation
Public transport
New build
Covered parking
Concierge services
Golden visa

The property

This apartment for sale is located on the fourth floor of a brand-new building which features a unique design inspired by the billowing sails of the boats that glide across the Tagus river. Spanning 171 sqm, this apartment is perfect for families as it boasts two double bedrooms with fitted wardrobes and a master bedroom with a walk-in wardrobe and an en-suite bathroom. However, what makes this apartment so special is its south-west-facing open-plan living and dining area of 59 sqm that opens up to a 52 sqm wraparound terrace. As the two outside walls of the living area are comprised of floor-to-ceiling windows and glass sliding doors, this room is especially bright and airy. 

Part of an urban village, this apartment has everything one could need on the doorstep including a 10-hectare public park, shops and restaurants. There is an on-site service lounge too with a concierge and meeting room. 

Investment potential

With more than €3.11bn of regeneration investment, both public and private, injecting a new lease of life into this former industrial area over the next five years, now is the time to invest in Marvila real estate. Property prices in Marvila are on the rise and there is potential for capital appreciation as the numerous regeneration projects come to fruition. At the moment, Marvila offers more competitive property prices than the city centre and this Renzo Piano-designed apartment are attractively priced for Lisbon with an average of €6,140 per sqm. In comparison, similar apartments in the city centre can command prices up to €10,000 per sqm. 

In addition, this apartment grants immediate access to Portugal’s Golden Visa programme which is especially important given that the programme will be changing in 2022. One of the leading residency programmes around, this scheme allows investors and qualifying family members to apply for Portuguese residency and paves the way to full EU citizenship. 

Location

Positioned between the historic centre and Lisbon’s business and expo hub, Parque das Nações, riverside Marvila is one of Lisbon's most exciting areas for property investment thanks to the huge sums of public and private regeneration investment which will transform the neighbourhood. Plans include the creation of a new high-tech hospital, improved transport links and the 100,000-sqm Hub Criativo do Beato which will become the largest start-up hub in the world. 

With trendy galleries, restaurants, cafes and co-working spaces, this is a vibrant area that will soon become the new home for young creatives, business owners, couples, artists and entrepreneurs.

Marvila

The jewel of Lisbon’s East End, Marvila is undergoing an exciting period of transformation. Overlooking the River Tejo, shipping containers highlight this neighbourhood’s working-class roots whilst it’s evocatively named central street, Rua do Açúcar (Sugar Street), is lined with warehouse buildings converted into vintage furniture stores, artis...

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