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Flat 49 м² in Vila Nova de Gaia, Portugal

ID 4OWKx
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Area
49 m²
Bedrooms
1
Bathrooms
2

Description

1 Bedroom Loft in Vila Nova de Gaia, Distrito do Porto

Fervença Palace is located in Gaia, on the banks of the Douro River. It is an elegant new complex of 17 apartments, characterized by a magnificent architecture and design. This project is the result of the restoration of an 18th century building that has preserved many architectural features and consists of two separate buildings: the restored palace and the new structure, separated by a private garden. It proves that different styles, traditional and modern, can coexist in perfect harmony. The apartments range in size from 40 to 150 square meters and have different configurations, from studio (T0) to two-bedroom apartments (T2), some with private gardens and stunning views of the Douro River and Porto. There are a total of 13 T0 attic apartments, 2 T1 apartments and 2 T2 apartments. This 17th century palace with its south-facing façade and unrivaled views of the Douro River and the city retains the identity and architectural features of the era. It is located just a few meters from the main attractions of Porto and Vila Nova de Gaia, such as the historic center of Porto, the famous traditional port wine cellars, the Cais de Gaia, the Dominic Luis I Bridge and the Porto Cathedral. At Fervença Palace you also have the opportunity to take advantage of fixed returns and purchase an apartment fully finished and furnished. The management company can take care of all expenses including maintenance, condominium fees, water,

Characteristics

Property type
Residential Properties
Object type
Flat
Price
568 939 $

FAQ

How can I get a residence permit by buying property in Portugal?

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

Is a mortgage available for non-residents in Portugal?

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.

What taxes and fees apply when buying in Portugal?

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.

How is the title checked in Portugal?

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.

Can I rent out property after purchase in Portugal?

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

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (568 939 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Portugal?

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

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Flat with 1 bedroom in Vila Nova de Gaia, Portugal