South Africa’s property development maestro, John Rabie, has launched a R1,4 billion mixed-use development in central Lisbon, in partnership with Swiss-based GMG Real Estate. This is an ideal opportunity for SA investors to diversify currency risk into blue-chip real estate in one of Europe’s top-performing markets.
LX Living is a brand-new, seven-storey, mixed-use development in Amoreiras, a sought-after residential neighbourhood in central Lisbon. This prime location is just a short stroll from the prestigious Avenida de Liberdade, in the heart of the city’s gracious, spacious CBD. Brand new developments in this area are extremely rare indeed.
The striking contemporary building, designed by one of Europe’s leading architects, features dramatic cantilevered balconies and consists of 151 luxury apartments, ground-floor retail, a landscaped internal plaza, two swimming pools, a gym, a day spa and two restaurants.
Available units range from one to two-bedroom apartments, competitively priced from €500 000 to €1 250 000.
Portugal is stable modern democracy with a progressive, investment-friendly government. The country has shown favourable economic growth and has established itself as a well-regulated destination, much sought-after by both corporate and high-net-worth investors from around the world. Offering security and stability with solid real estate market indicators and a variety of attractive incentives on offer to foreign investors, Portugal also offers an exceptional quality of life that is driving ongoing interest.
‘The Portuguese real estate market is currently thriving on the back of good economic fundamentals, political stability and a firm position on the radar of foreign investors.
‘As a result, rents have increased and yields have compressed, increasing asset value and the respective return for investors.’
JLL Market 360 Report, 2018/2019
Diversify your currency risk in an individually owned and individually controlled residential real estate asset in Europe’s best performing residential market. All the economic indicators point to central Lisbon’s sustained growth in the short to medium term.
Benefit from the surging demand for accommodation in central Lisbon with total peace of mind by including your apartment in a professionally managed, fully furnished rental pool with a guaranteed ROI of 4%. T’s & C’s app; only to certain apartments below the value of €650 000.
The Golden Visa programme is a fast-track to obtaining residency in Portugal, a stable modern democracy with one of the fastest-growing economies in Europe. Portugal is the 4th most peaceful country in the world, and was rated ‘Best European Destination 2018’ by USA Today. The country enjoys a sunny Mediterranean climate, great cuisine, and a vibrant cultural life.
Residency in Portugal comes with access to an affordable, first-world health service, and an excellent education system. There are several outstanding English language international schools in Lisbon. And as a resident of Portugal, your children can apply to study at any university in Europe – at much the same cost as attending a South African university!