Alfama's New €22.5M Luxury Development: An Investment Opportunity in Historic Lisbon
Foreign investors have a new premium opportunity to consider in Lisbon's most historic neighborhood. The official launch of Casagrand Lisboa in Alfama marks a significant €22.5 million investment, transforming a building with a rich past into 13 exclusive luxury apartments. This project is strategically positioned to capture the high-end tourism market, offering a clear investment case in a city with booming demand.
What Foreign Investors Need to KnowThis development by the Aspasios Group and Pujolinvest is not just another renovation; it's a meticulous restoration blending historical authenticity with modern luxury. The project features 13 apartments ranging from 70 m² to a spacious 250 m², appealing to affluent tourists and promising strong rental yield potential. According to a real estate analyst, 'Projects like Casagrand Lisboa, which offer both historical charm and modern amenities in a prime location like Alfama, are exactly what the premium market is looking for. The investment potential here is substantial, both in terms of rental income and long-term capital appreciation.'
Actionable Steps for Today's Buyer- Analyze the Yield: With a focus on short-term stays (average 3 nights) and premium services, the potential for high rental yields is significant. Investors should model potential income based on Lisbon's strong tourism figures.
- Consider the 'Golden Visa': While this is a direct property investment, its scale and quality align with the profile sought by many investors, including those exploring residency-by-investment options in Portugal's broader economy.
- Evaluate the Location: Alfama is one of Lisbon's most sought-after districts, known for its charm and vibrant culture. Properties here have demonstrated consistent value appreciation.
- Assess the Quality: The blend of restored 'azulejos', sustainable technology (domotics, aerothermal energy), and high-end finishes makes this a turnkey, low-maintenance investment.
Explore opportunities with realestate-lisbon.com.
