Campo de Ourique - Santo António - Lisbon

Campolide is a charming neighborhood situated in the western part of Lisbon, Portugal, known for its rich historical roots and picturesque landscape. Historically, it was predominantly an agricultural area but rapidly transformed with the advent of the 19th century, integrating the booming cityscape of Lisbon. The neighborhood is home to historical sights such as the Águas Livres Aqueduct, a remarkable 18th-century construction. Geographically, Campolide is strategically located near the heart of Lisbon, making it a coveted locale for its proximity to both nature and urban amenities.

The Current Exclusive Property Market in Campolide

The exclusive property market in Campolide is currently strong, characterized by a steady demand and slightly limited supply of luxury homes and apartments. With Lisbon’s rising popularity among high-net-worth individuals, the demand for luxury real estate in Campolide has surged, outstripping the available supply. The political and economic situation in Campolide remains stable, providing a secure environment for real estate investments.

Costs and Taxes in Real Estate Transactions

When buying a luxury home or apartment in Campolide, several additional costs should be considered: - **Transfer Tax:** The Imposto Municipal sobre as Transmissões Onerosas de Imóveis (IMT) on private property ranges from 6% to 7.5%. - **Wealth Tax:** The Additional to Municipal Property Tax (AIMI) applies to real estate holdings, but the rates and applicability can vary. - **Capital Gains Tax:** Profit from selling a primary residence is exempt if reinvested in another primary residence within three years. For second homes, the capital gains tax is 28%. - **Realtor Commissions:** Typically, the buyer pays 5-6% commission, while sellers also generally incur this expense. - **Additional Fees:** Include notary fees, construction inspection, and legal costs, which can add up to 10% of the property price.

Mortgage Requirements and Financing

To secure a mortgage in Campolide, buyers generally need to provide a minimum down payment of 20-30% of the property’s value. Mortgage lenders typically offer financing up to 70-80% of the purchase price, contingent on the borrower’s income and overall financial stability.

Prime Residential Areas in Campolide

The most sought-after residential areas of Campolide for luxury homes include the upscale zones around Rua de Campolide and the stunning vistas near the Nova University campus. These areas are prized for their tranquility, accessibility, and proximity to lush green spaces.

Accessibility and Connectivity

Campolide boasts excellent accessibility, with convenient road links to the rest of Lisbon via the Eixo Norte-Sul and mainline rail connections from the Campolide train station. It is approximately a 15-minute drive from the bustling city center of Lisbon. The neighborhood is also well-connected to Lisbon Portela Airport, located just 10 kilometers away, offering both national and international flights.

Educational Institutions

Campolide is home to the prestigious Nova University Lisbon, providing top-tier education. Nearby, the Lycée Français Charles Lepierre and the German School of Lisbon offer excellent international education options.

Living Environment and Climate

Campolide's environment is characterized by rolling hills, verdant parks like Parque da Bela Vista, and charming water bodies. The climate is Mediterranean, with warm summers and mild winters, perfect for a balanced luxury lifestyle.

Luxury Lifestyle and Recreational Activities

Campolide offers a range of sports and outdoor activities including, cycling, tennis, and golfing at the Lisbon Sports Club. For luxury shopping, residents can visit the Amoreiras Shopping Center, featuring high-end boutiques. The neighborhood also boasts gourmet dining at renowned restaurants like A Valenciana and distinguished nightlife venues that cater to an exclusive clientele.

Cultural Attractions and Healthcare

Annual cultural and sporting events, such as the Lisbon Marathon, are a highlight. Art enthusiasts will appreciate nearby museums, including the Gulbenkian Museum and the prominent theaters like Teatro Tivoli. For healthcare services, the Hospital de Santa Maria and the CUF Infante Santo Hospital are conveniently located, providing state-of-the-art medical care.

Infrastructure and Amenities

Campolide benefits from robust public infrastructure, ensuring seamless access to utilities and services. The neighborhood's amenities include posh cafes, exclusive shops, elite schools, and top-notch healthcare facilities, making it an ideal choice for those seeking luxury living in Lisbon.