Reference: 600519

Ref: PR BLODISCOVER THE INVESTMENT IN LISBON CITY! Traditionally an old town, the government of Lisbon is now pushing for large scale urban renewal of the City. During the past 50 years the city's buildings have become run down due to frozen rents which did not allow landlords to afford the maintenance and upkeep of the property. In 2006 the government introduced revolutionary laws which allowed landlords to update the rent provided that the building is renovated to modern standards.There is a very strong domestic market in Lisbon; property developers can sell off-plan to the locals. Most buildings in the heart of the City are maximum 5 or 6 levels high and it is not uncommon to have commercial units on the ground floor which can obtain a very high rental yield for landlords.To purchase one of these buildings an investor must pay a reservation deposit which will take the building off the market. Within 1 month the preliminary purchase contract will be signed and a further payment will be made followed by the balance 2-3 months later with title deeds. There is local finance available for up to 70% of the value of the property and 100% of the construction costs.Our Portuguese partner offers property developers the full package to carry out an investment in Lisbon with a local team on the ground of lawyers, accountants, architects & engineers, project managers and banks.LISBON BLOCKS AVAILABLE FROM EURO 950,000 TO 4,500,000!!!PLEASE CONTACT OUR OVERSEAS OFFICE FOR FURTHER DETAILS ON 01-6771188. WE ALSO HAVE AN OFFICE IN PORTUGAL WHO WILL BE ABLE TO ASSIST YOU LOCALY.Features:- Fully licensed and bonded auctioneering company (S1229A)- Call to our office- Phone us for more information- Great Investment Opportunity- Selection of Excellent Properties in the area to viewTo request further details please use the Contact Us link below.To view more properties from Locations click the 'More Properties' link below.