Spectacularly positioned on the southern banks of the Tagus River, Almada, Portugal narrates a compelling historical tale echoed in its antiquated fortifications and extraordinary cultural monuments, such as the Cristo-Rei Statue and the Castle of Almada. Dating back to pre-historic times, Almada's rich history is imprinted in its vibrant urban fabric, framing an exceptional existence amidst geographical splendour. Overlooking the famed city of Lisbon, Almada's strategic location infuses it with a unique blend of coastal serenity and urban vitality.
The Elegant Real Estate Tapestry of Almada
The current exclusive property market of Almada is strong and expanding at a steady rate. The demand for luxury homes and apartments consistently surpasses the supply, reflecting the growing interest in this captivating region. Amidst a stable political and economic environment, Almada unravels an ideal backdrop for lavish living and investment.
When buying a house in Almada, a prospective buyer is expected to pay approximately 5-10% real estate commission on the purchase price. As a seller, one could expect similar rates. However, additional costs such as transfer tax, realtor commissions, notary fees, and potential construction inspection or legal costs should also be factored in.
The transfer tax on private property in Almada is approximately 6.5%. Almada, much like the rest of Portugal, does not levy a wealth tax, making it even more appealing to property investors. The city applies a staggered tax structure on real estate capital gains, encouraging long-term investment.
Almada's Real Estate Financing Landscape
When assessing mortgage applications, financial institutions typically require that borrowers have sufficient income to cover their expenses. A maximum mortgage amount of up to 80% of the purchase price is usually granted.
A Haven of Luxury at Almada
The most sought-after luxury residential areas in Almada are the shores of Costa da Caparica and the neighborhoods around Almada Fórum. These areas offer beautiful vistas, accessibility, and an array of amnesties.
Remarkable Accessibility
Almada is directly linked to Lisbon through the iconic 25 de Abril Bridge and is about 1 hour away from Lisbon Portela Airport. It is conveniently accessible by road and by the Fertagus train.
Education and Medical Facilities
Renowned public and private education institutions like Universidade de Lisboa and Instituto Politécnico de Setúbal have their campuses in and around Almada. For health care needs, facilities such as Hospital Garcia de Orta and São Bernardo Hospital are available.
Living in Almada
Located in the Setúbal District, Almada boasts a population of approximately 180,000 residents. The town, with its beautiful beaches and a breathtaking landscape of rivers and hills, is enhanced by a Mediterranean climate.
From yachting and golfing at exclusive clubs like Aroeira Golf Resort to shopping for designer wares in Almada Fórum, the city takes luxury living to the next level. High-end hotels like Mercure Lisboa Almada and premium dining establishments like the Ponto Final Restaurant contribute to a vibrant, upscale lifestyle.
Hosting revered cultural and sporting events such as the Almada Theatre Festival, and surrounded by exceptional museums and galleries like Casa da Cerca, Almada is a museum in motion, where the past and the present blend seamlessly.
With its exquisite infrastructure, outstanding amenities, and unmatched beauty, Almada isn't just a place to live—it's an experience to cherish.
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