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Luxury living in Lisbon draws global buyers

Looking to invest in property abroad? We take a look at why Portugal is gaining global interest.

By LLM Reporters  |  October 15, 2021
Portugal properties

Portugal has long appealed to overseas buyers thanks to its exceptional lifestyle offering; sandy beaches, world-class cuisine, rich heritage and excellent global connectivity – as well of course its sunny climate. For property buyers, the country’s Golden Visa scheme – the quickest and most cost-effective route to securing citizenship – has also served to drive long-term interest and investment from across the world.

Now, the Golden Visa programme is evolving, with geographical restrictions around residential real estate investment, including in key cities such as Lisbon and Porto, coming into force in 2022 – meaning that the purchase of a property in these locations can only be used towards a Golden Visa application until the end of this year.

Unsurprisingly, Lisbon is one of the most sought-after destinations for international buyers using the Golden Visa scheme, though the high demand for homes is expected to continue despite the end of the Golden Visa programme in the city.

Located in the heart of Lisbon’s Amoreiras area, the striking mixed-use scheme presents a rare opportunity to live in a new build home in the prestigious residential neighbourhood

One key driver for buyers is the city’s growing status as an international business hub – with the significant business district of Parque das Naçoes now home to global giants such as Microsoft, Mercedes-Benz IO, Huawei and BNP Paribas. In recent years, the Portuguese capital has also become a magnet for talented digital nomads attracted by its burgeoning technology and start-up scene, heavily supported by the government.

For many buyers, it’s all about a well-established, well respected and well-connected area, within close proximity of downtown Lisbon. One new residential development that has proven popular is LX Living, by leading Portuguese real estate developer, Reward Properties. Located in the heart of Lisbon’s Amoreiras area, the striking mixed-use scheme presents a rare opportunity to live in a new build home in the prestigious residential neighbourhood.

Designed by one of Europe’s most prominent architecture firms, Saraiva + Associados, LX Living is a bold new addition to the central Lisbon landscape, home to 150 beautifully appointed residences comprising a range of studios, one, two and three-bedroom apartments and penthouses.

Wellness facilities include hi-tech equipment and indoor training pool, alongside a day space, while the rooftop garden and sun deck come complete with a swimming pool, bar and impressive views across the city’s skyline

Apartments provide the finest in luxury living, with spacious living areas, open-plan kitchens, integrated appliances and luxury finishes, as well as solid timber floors.

A series of large, cantilevered balconies – creating much-desired private outside space for many of the apartments – punctuated by dramatic voids, creates a striking exterior to the building. Every apartment at LX Living benefits from at least one allocated basement parking space, a rare offering for a central Lisbon home. 

Residents also enjoy a selection of exclusive amenities, including a charming internal plaza, the perfect place to enjoy peace and quiet while being in the very heart of the cosmopolitan city. In addition, wellness facilities include hi-tech equipment and indoor training pool, alongside a day space, while the rooftop garden and sun deck come complete with a swimming pool, bar and impressive views across the city’s skyline.

With the growing popularity of remote working, LX Living is well equipped with a range of amenities to facilitate the lives of digital nomads and flexible workers, including high-fibre internet connectivity throughout and several lounges, pause areas and meeting spaces.

Alongside its dining, shopping and cultural scene, Amoreiras also enjoys convenient connections across the city, while international travel is easy, with Lisbon Airport also within quick and easy reach

The world-renowned luxury shopping and business destination, Avenida da Liberdade, is just a short walk from LX Living, as is the 64-acre Parque Eduardo VII and the famous Marquis of Pombal Square. The area is also home to the offices of blue-chip international corporates like Deloitte and Accenture and several five-star hotels, such as Dom Pedro, the Epic Sana and the Ritz Four Seasons. Extending the exclusive local lifestyle offering, LX Living will also bring two restaurants and a bar to the area – ideal for hosting business meetings or socialising with friends and family. 

Alongside its dining, shopping and cultural scene, Amoreiras also enjoys convenient connections across the city, while international travel is easy, with Lisbon Airport also within quick and easy reach. 

Prices at LX Living range from €350,000 for a studio apartment; €475,000 for a one-bedroom apartment to €1,370,000 for a three-bedroom penthouse. For more information, xliving.com, call +351 967 233 823 or email info@lxliving.com