Arroios - Santo António - Santa Maria Maior

Set in the heartland of Portugal, Lisbon is renowned for its historical richness and natural beauty. From the preserved Moorish remains to the Padrão dos Descobrimentos, each historical sight speaks of the narratives shaped over centuries. Located on the western coast, Lisbon gracefully oversees the influx of River Tagus into the Atlantic Ocean. With its seven cinematic hillsides overlooking the sea, Lisbon weaves a romantic landscape that captures the heart of every visitor.

The Exclusive Property Market in Lisbon

The luxury real estate market in Lisbon is currently robust and relatively stable, attracting both domestic and international investors. The housing supply seems to match the demand, although select neighborhoods experience competition over ultra-luxury homes due to their exclusivity and unparalleled sea views. Lisbon's political and economic situation remains stable, making it an attractive location for long-term investment.

Cost Elements and Taxes

Buying a luxury home or an upscale apartment in Lisbon involves various costs, including a transfer tax or IMT (6.0% for urban properties), realtor commissions (average 5% for both buyers and sellers), notary fees, and potential construction inspections. Aside from these, Lisbon has no wealth tax imposed on private home ownership. However, capital gains tax applies when selling a home; the amount differs based on whether the property is the primary residence (exempt if reinvested) or a second/vacation home (subject to a 28% flat rate). In terms of corporate and income tax, registered companies in Lisbon face a corporate tax rate of 21%, while income tax for registered residents scales up to 48% based on their level of earnings.

Mortgage Requirements and Availabilities

Mortgage requirements in Lisbon generally involve stable employment and a favorable credit history. Up to 80-90% of the purchase price can often be financed, depending on one's financial status.

Upscale Residential Areas and Accessibility

Wealthy areas like Chiado, Lapa, and Estrela house some of the most luxurious homes in Lisbon. These neighborhoods offer stunning views and are well-connected with the city's network of roads and rails. Lisbon, by virtue of being the capital, is well connected to other major cities like Porto and Faro via an efficient network of roads and railways. The Lisbon Portela Airport connects the city with national and international destinations.

Educational and Healthcare Institutions

Lisbon houses some renowned educational institutions including the University of Lisbon, Catholic University of Portugal and ISCTE Business School. In terms of healthcare, there are leading hospitals like the Hospital de Santa Maria and Hospital CUF.

Natural and Cultural Vibrancy

Nestled in Lisbon District, the city homes 2.8 million inhabitants who enjoy its mild Mediterranean climate. Lisbon offers numerous outdoor activities including golf at Quinta da Marinha and Bella Vista, surfing at Costa da Caparica, and sailing in the vast Tagus estuary. The city thrives with luxury fashion boutiques spread across the Avenue da Liberdade and Chiado district. Additionally, Lisbon boasts high-quality hotels like the Four Seasons Hotel Ritz Lisbon and the Altis Belém Hotel and Spa. The city is brimming with cultural sites including the Museu Nacional de Arte Antiga and the Museu Calouste Gulbenkian, and theatrical concerts at the Teatro Nacional D. Maria II. Being the oldest city in Western Europe, Lisbon attracts tourists with its annual events including Lisbon Fashion Week, Lisbon & Estoril Film Festival, and NOS Alive music festival. The public infrastructure of Lisbon is commendable, with a wide spectrum of amenities available like efficient public transport including metros, buses, trams, and funiculars.

Endnote

Living in Lisbon comes with the privilege of owning a luxury abode in the heart of history, surrounded by breathtaking landscapes, threaded with modern comforts, all under the clear blue Portuguese sky.