PORTUGAL PORTFOLIO WINTER 2015
TAMEA INTERNATIONAL
Tamea International is an independent real estate consultancy that assists overseas clients in the sourcing and acquisition of property in Portugal.
Through our team and partners in Lisbon we offer an efficient turn-key service to ensure that the experience for our clients is straightforward and enjoyable.
Each of our projects is carefully selected to ensure that our clients have access to superb investment opportunities in some of the finest locations. Our experience in dealing with a wide range of people allows us to meet the needs of our investor clients, Golden Visa applicants, and lifestyle buyers.
The remainder of this document showcases a selection of handpicked projects from across Portugal which meet the high quality and investment standards that our clients have come to expect.
Due to established partnerships with Portuguese developers, lawyers and tax specialists, Tamea International is well positioned to advise those seeking to benefit from Portugal’s increasingly popular Golden Visa programme.
CAMEIRA PORTUGAL LEGAL Portugal is situated at the Western edge of Europe and is well placed for international travellers from all over the world. The country has much to offer through its stunning beaches, beautiful countryside, its cuisine and winery culture, world-class golf courses, exciting cities and friendly people. Portugal’s climate is warm and sunny making it an ideal destination all year round. Portugal offers a great quality of life because the cost of living is much lower than many other European countries, which makes it attractive to entrepreneurs, young creatives, retirees and holidaymakers . The country is serviced through three major
international airports (Lisbon, Porto and Faro) and is well connected via road and rail links with the rest of Europe. The property market in Portugal experienced exceptional growth both in terms of value and volume from 2000 to 2008 but this changed following the global economic crisis. Since 2012 there has been a noticeable increase in activity within the market as local confidence is restored, the short-term rental market picks up and international buyers look to benefit from the Golden Visa scheme.
GOLDEN VISA
The Golden Visa programme was launched by the Portuguese authorities in October 2012 and is an efficient way for foreign investors from non-EU countries to obtain permanent residence in Portugal, thereby also allowing freedom of travel in most European countries (Schengen area).
The second step in the Golden Visa programme allows investors to apply for Portuguese citizenship after six years. The assets used to apply through the scheme can be disposed of once citizenship is granted.
There are several routes to obtain a Golden Visa in Portugal. Tamea International focuses on the Real Estate Investment route which is considered the most popular and flexible. The investment requirement for obtaining a Golden Visa via this route is the acquisition of a property of an amount equal to or greater than €500,000.
The popularity of Golden Visa goes from strength to strength. In 2014 there were 25,000 Portuguese properties sold to foreigners and 30% of the €4.6 billion spent is attributed to Golden Visa buyers. In June 2015 the Portuguese Government reported that €1.5 billion had been invested by more than 2,100 Golden Visa applicants, of which 95% opted for the real estate investment channel
Requirements:
Benefits:
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€500,000 investment
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No visa required to visit Portugal or rest of the Schengen Area
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Hold the investment for a minimum period of 5 years
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Investment funds must come from outside Portugal
Freedom to live & work in Portugal (even if resident in another country)
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Initial entry into Portugal with a valid Schengen Visa
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Eligible for permanent residency after 5 years
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No criminal convictions
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Eligible for citizenship after 6 years
No previous issues with the Portuguese or Schengen Immigration Services
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Residency can be extended to family
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Property can be rented to generate income
Minimum stay of 7 days in Portugal each year
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Property can be sold after citizenship is acquired
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LISBON Lisbon is the capital and largest city in Portugal. It is located centrally on the West coast of the country, the only European capital on the Atlantic Ocean. Built on seven hills, Lisbon extends in the shape of an amphitheatre along the northern banks of the majestic Tejo River. Arguably the most fascinating, passionate and underrated of all European cities, with blues skies all year round and a pleasant winter, Lisbon offers opportunities for fabulous shopping with designer labels, exciting views of the city and the river and a picturesque setting where old electric trams wind through narrow alleys. Ancient ways mix with the sophistication of the 21st century. Lisbon’s cultural dynamics and its investment potential are the mark of a city that leads a fascinating and multifaceted existence. Lisbon is a city that is bursting with life. Cultural events, feasts, festivals and fairs are a constant part of the Portuguese capital. With a population of approximately 3 million, Lisbon is smaller than other European capitals but despite its size the city has seen a rapid
growth in tourism over the last few years. The market for short-term rentals in particular has seen a massive boost as a result. Lisbon Portela Airport is conveniently located just 7km from the centre of the city and direct flights operate to 106 destinations around the world. Train and road networks link Lisbon to Porto, the Algarve and Spain. In 2013 Lisbon was awarded Europe’s Leading City Break Destination at the World Travel Awards and this was followed up in 2014 with the award for Europe’s Leading Cruise Destination. Lisbon is extremely popular with international investors seeking to take advantage of the Golden Visa programme. In addition to the strong rental demand, many believe that property in the city has significant growth potential as the economy recovers from recession. As of May 2014, residential prices are 21% below the 2009 peak* so returning confidence within the local market as well as an influx of foreign investors will likely push prices up in the coming years.
Jardim Dom Luis Built to house Portugal’s Post Office HQ in the 1950s, this is a true Lisbon landmark which is being lovingly restored to create 104 new residential apartments, a courtyard café and a rooftop bar with river views. The project is located in an area of regeneration where new restaurants, bars and hotels pop up regularly and is close to Cais do Sodré train station which connects the city centre to miles of beaches and the affluent suburb of Cascais. Purchasers are given the opportunity to enter a rental agreement with the developer which guarantees a 5% yield per year and allows two
weeks personal use. Key facts: • Completion due in early 2016 •
104 apartments
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1- to 3-bedroom
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Areas ranging from 61m2 to 134 m2
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5% rental guarantee for 2 years (renewable contract)
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2 weeks personal use per year
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Fully furnished
Prices from €406,000
Bica A lovely boutique development with just nine apartments, this opportunity is located a popular residential and touristic area just a few metres from the historic Ascensor da Bica, Lisbon’s oldest funicular. The funicular has been running since 1892 and is considered a National Monument – it carries passengers up and down a hill which is lined with shops and restaurants. The building itself has just five floors with a mixture of 1 and 2-bedroom apartments. Buyers can allow the developer to manage the rental of the property in return for a fixed yield of 4% per year and two weeks personal use.
Key Facts •
Completion due in mid-2016
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Nine apartments
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1- and 2-bedroom
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Areas ranging from 76m2 to 107m2
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4% rental guarantee for 2 years (renewable contract)
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2 weeks personal use per year
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Fully furnished
Prices from €360,000
LISBON Liberdade 12 A unique project encompassing two late 19th century/early 20th century buildings that are being transformed to create opulent residences and an upscale fashion quarter. The project will feature 24 stunning apartments and owners will gain exclusive access to the Clubhouse, consisting of a relaxing SPA and a fully equipped gym as well as the privilege of enjoying extensive private gardens and a 24/7 concierge.
Key facts: •
Completion due in early 2018
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24 apartments
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1- to 3-bedroom
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Areas ranging from 71m2 to 203m2
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Prime Lisbon location
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Private SPA, gym & gardens
• Concierge Prices from €625,000
Terracos das Olarias This private condominium boasts 20 luxury apartments with generous balconies and views of the castle and the city. The project is positioned on Largo das Olarias in Mouraria, one of the oldest and most authentic neighbourhoods in Lisbon. It is the birthplace of Fado music and some of its most acclaimed performers. Signs of Mouraria’s former Moorish settlement are also still visible. These new properties will come with fully equipped kitchens, air conditioning, pine wood flooring and traditional Portuguese limestone in the bathrooms. Residents will also benefit from the private gardens and swimming pool.
Key facts: •
Completion in early 2018
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20 apartments
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1- to 4-bedroom
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Areas ranging from 67m2 195m2
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Central location
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Traditional neighbourhood
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Gardens & swimming pool
• Parking Prices from €235,000
Liberdade 71 This superb new adition to Avenida da Liberdade, Lisbon’s premium shopping boulevard, comprises 17 luxury apartments in a full renovated building with porter and a private swimming pool on the rooftop terrace.
Key facts: •
Completion due early 2018
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17 apartments
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1- to 4-bedroom
Some of the 3-bedroom apartments boast 27m2 terraces whilst that of the the 4-bedroom penthouse comes in at 48m2.
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Areas ranging from 80m2 to 371m2
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Superb Lisbon location
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Private rooftop terrace & pool
Residents benefit from underground parking as well as luxury boutiques on the ground floor. Clients also have the opportunity to personalise their homes through the interior design services which is being coordinated by Monica Penugião of Poeira.
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Underground parking
• Concierge Prices from €550,000
LISBON Combro Just a short stroll from the shopping and café culture of Lisbon’s upmarket Chiado, this small building of just eight apartments offers the perfect opportunity for investors. Although it is set in the peaceful Santa Catarina neighbourhood, the hustled and bustle of tourist hot spots such as Bairro Alto and Bica are close by. Comprising a mixture of studios and 1-bedroom apartments, the project is ideal for short-term rental and holiday lets which allows the developer to provide a guaranteed rental at 4% for 5 years.
Alcochete Resort
Key Facts: •
Completion in August 2015
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8 apartments
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Studio and 1-bedroom
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Areas ranging from 34m2 to 84m2
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5-Year rental guarantee at 4% per year
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1 week personal use per year
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Furniture included
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All bills included
Prices from €238,000
The resort is located in the village of Alcochete, 20 minutes away from Lisbon and the airport, at the boundary line of the Tejo Estuary Natural Reserve. Nearby, you will find beaches, golf, cultural tourism and a excellent local cuisine. Residents will have direct access to Moinhos Beach and the resort’s private beach club along with the salt-water infinity pool and Jacuzzi. There is also a sauna, Turkish bath, massage room, spa and a bar. The resort comprises of a mixture of 1-, 2- and 3-bedroom apartments, all of which are furnished, fully equipped and include a parking space. They also boast large terraces and bay windows so that you can make the most of the fabulous sunset over the Atlantic.
Key Facts
Situated on the Silver Coast just 40 minutes north of Lisbon, Joia das Dunas is an awardwinning beach resort of 18 eco-villas serviced by a 10-bedroom, 5-star boutique hotel.
state of the art gym and a luxury spa. There are several 18-hole golf courses in the local area.
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Completion due early 2017
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62 apartments
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A mixture of 1-, 2- & 3-bedrooms
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Areas ranging from 48m2 to 164m2
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Terraces of 9-84m2
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Parking space included
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Residents Beach Club
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Swimming pool, bar & spa
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4% rental guarantee for 4 years
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10 days personal use per year
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No condominium fees for 4 years
Prices from €190,000
Joia Das Dunas
The architecture takes on a fresh, contemporary style that incorporates the natural colours and materials of the surrounding landscape. Set amongst pine tress, the views to the sea overlook 600 metres of sand dunes, which lead to the stunning Seixo beach. Residents and guests of the villas can benefit from the hotel facilities, which include a restaurant & bar, a rooftop infinity pool, a
Key facts: •
18 villas in total
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All 3-bedroom villas
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Areas ranging from 303m2 to 341m2
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Private swimming pools & BBQ area
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Parking space included
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All villas have sea views
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Access to hotel facilities & services
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Rental & furniture packages available
Prices from €550,000
ALGARVE The Algarve is traditionally the most popular holiday region within Portugal for both domestic and international tourists. The Algarve’s beautiful coastline, world-class golf courses, sailing facilities, entertainment offering and year-round sunshine combine to make this
a perfect holiday destination. The region is well connected to Lisbon and Spain by road and rail but is also serviced by Faro Airport which receives flights from 57 international cities. Tamea International has several opportunities with rental guarantees in this region.
Vasco Da Gama, Lagos Situated in Lagos, a coastal town in the Western Algarve, Marina de Lagos includes three hotels, a members club and 350 apartments. Vascao Da Gama makes up part of this superb project and boasts 32 luxury apartments. This newly built, private condominium has a privileged view over the town and the marina. The apartments have spacious terraces, which make the most of the beautiful surroundings.
Key facts: •
Completed project
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32 apartments
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2 and 3-bedroom
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Areas ranging between 99m2 and 145m2
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Parking space included
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3 year rental guarantee at 3%
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10 weeks personal use each year
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Furniture package available for €40,000€50,000
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Condominium fees paid for 5 years
Prices from €392,000
A Fábrica, Lagos Having started its life as a ceramic factory, this carefully renovated building is considered one of the most unique residential projects in the Algarve. This gated community, overlooking the Marina de Lagos, showcases a unique blend of stone and wood and offer stunning views. The development is divided into three separate buildings and includes a communal swimming pool. The apartments are the perfect choice for those looking for quality and safety surrounded by peace and tranquility.
Key facts: •
Completed project
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56 apartments
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1-bedroom to 4-bedroom duplexes
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Areas ranging between 72m2 and 398m2
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Parking space & storage included
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Furniture package included
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5 year rental guarantee at 3%
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10 weeks personal use each year
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Condominium fees paid for 5 years
Prices from €320,000
Cabral, Lagos
Located within Marina de Lagos, this residential complex comprises four floors with 27 apartments, all with balconies and private underground parking. Properties benefit from views either towards a quiet saltwater lagoon or to the Marina itself.
Key facts: •
Completed project
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27 apartments
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All 2-bedroom
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Areas ranging from 104m2 to 109m2
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Parking space included
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Condominium fees paid for 5 years
Prices from €420,000
info@tameainternational.com www.tameainternational.com Lisbon: +351 911 012 466
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