Flat 177 м² in Porto, Portugal

494 004 $

2 790 $ /м²

4OTnE

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #1

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #2

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #3

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #4

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #5

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #6

Flat 177m² in Portugal, Porto. Priced at 422000€ rent photo- #7

Area

177 м²

Bathrooms

Apartment for sale in Porto, Portugal.

Porto Service Apartments is an excellent opportunity to invest and participate in the development of a high quality tourist property in the center of Porto. Due to its very central location, this development is ideal for long and short term rentals. This 56m² studio comprises: - Living room; - Kitchen; - Bathroom. Nearby there are all kinds of services including bars, cafes, restaurants, boutiques and shopping centers, which are also characterized by their historic architecture. As well as Porto's central square, the metro and Porto's attractions. This is a fully renovated project with modern finishes and quality materials. This project also complies with all requirements and has a service license that meets the rules for a golden visa. After purchase, the investor can manage the property or hand it over to the developer's management company for 5 years with a guaranteed income of 3.5% per annum. FURNISHING AND EQUIPMENT: Floors: Wooden floors (bedrooms and living rooms); Estremoz marble (kitchens and bathrooms). Walls: Interior paint; Estremoz marble (kitchens and bathrooms). Kitchen: - Cabinets: Lacquered in color 1013 - Work table and countertop: Estremoz Marble - Concealed sink, Paris 40, ROCA - Single-lever sink faucet, Bruma - Vitroceramic stove: BOSCH - Oven: BOSCH - Combi fridge: BOSCH - Dishwasher: BOSCH - Washing machine: BOSCH Bathroom: - Worktop: Estremoz Marble - Sink: Agres, Sanindusa - Sink: Urb. Sanindusa - Sink faucet: Lusa - Wall-mounted toilet: Urb.y, Sanindusa - Shower system with wall-mounted shower head: Lusa, Bruma All apartments will be fully furnished and equipped with kitchens. Renovations will begin this September and completion is scheduled for December 2024. Located just in: - 200 m from Galeria Paris; - 250 m from Gomes Teixeiro Square; - 300 m from the nearest supermarkets; - 360 m from Avenida Aliados; - 500 m from Santo Antônio Hospital; - 800 m from Bolhao Market; - 1.2 km from Parque Camelias Bus Station; - 1.5 km from Dom Luis I Bridge. Energy class: E #ref: 0490/23

Additional details

Property type

All Types

Object type

Flat

Price

494 004 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Porto; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Porto short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (494 004 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Porto: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).