Marvila - Lisbon
Often compared to London’s Shoreditch before it exploded onto the scene, Marvila is set to benefit from more than €3.6bn of regeneration investment over the next few years which will transform it into Lisbon’s beating heart of innovation. This stunning two-bedroom apartment for sale in Lisbon enjoys a great location with the Tagus river, restaurants, shops and amenities within walking distance.
Part of an exciting residential development by the river which comprises a unique mix of new-build and renovated apartments, this new-build apartment for sale in Marvila spans 115 sqm across two floors. On the ground floor of the property, there is a large open-plan living and dining area, a fully equipped open kitchen and a guest bathroom. The two bedrooms are located on the top floor of the property and they both have en-suite bathrooms and fitted wardrobes.
What makes this apartment so special is that it features plenty of exterior space with a private garden of 17 sqm and a balcony. In addition, the future owner will also enjoy access to the communal garden that surrounds the development.
Thanks to a considerable sum of public and private investment, industrial Marvila is undergoing an exciting transformation. Two of the most exciting projects lined up include a new hospital and Hub Criativo do Beato which will span 35,000 sqm during its first phase and 100,000 sqm upon completion, dwarfing Paris’s 34,000 sqm Station F which is currently the largest start-up incubator on the world. This means that there is strong potential for capital appreciation as well as the opportunity to generate long-term rental yields as more professionals move to the area for work.
This Lisbon property is also eligible for the Portuguese Golden Visa programme which grants residency to investors and their immediate family when they invest €500,000 or more in Portuguese real estate. After five years as a resident, it is then possible to apply for full EU citizenship.
Just 10 minutes’ drive from the historical heart of the capital, this neighbourhood is set the change dramatically over the next 5-10 years thanks to the huge sums of private and public investment regenerating and reinventing the neighbourhood. Projects include a new high-tech hospital, improved transport links and a beautiful new green space: Parque Ribeirinho do Oriente. Marvila is one to watch.