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Saturday, October 31, 2020

Prata Riverside Villas, Lisbon – An Overview of VIC Properties new project in Portugal

About Portugal:

If you are looking to invest or settle down in a foreign land, look no further than Portugal.  With its golden visa programme, Portugal has thrown open its doors to any person willing to invest €500,000 in real estate and spend a stipulated period of time in the country, guaranteeing them in return residency for 5 years and subsequently placing permanent residency within their grasp. It’s high ranking of No.3 in the 2019 Global Peace Index and the timely action of its government during Coronavirus that kept the pandemic at bay has made Portugal one of the most desirable countries to retire to post Covid19.

About VIC Properties:

VIC Properties is one of the key players in Portugal’s real estate market, being a perfect blend of skill in residential development projects on a large scale, proficiency in capital markets and mastery in construction of one of a kind habitats and ways of life. With Lisbon as its base, VIC Properties extends its operation to Oporto and the Algarve region also and takes full advantage of Portugal’s under-equipped residential property market by involving itself in every area of land development, from inception, setting up and construction to sale and property management.

About Prata Riverside Village:

“One of the great beauties of architecture is that each time it is like life starting all over again”, said Renzo Piano, the award-winning architect and designer of Prata Riverside Village, a 128,000 sqm property, presently under construction in Lisbon. Ideally situated on the riverfront, with sprawling gardens, parks, bicycling tracks, children’s playground and an ambience reminiscent of a village way of life, this urban village boasts 700 apartments, ranging from studios to 5 BHK, all with scenic views of the River Tagus and fitted with top of the range fittings that include Florim ceramics, Gessi taps and  Inalco kitchens with SMEG appliances. With the airport, the beach and shopping centres just a stone’s throw away, this real estate gem is a unique opportunity, whether for living or investing purposes, with enough luxurious comfort and facilities to delight any buyers heart.  

In a nutshell, Prata Riverside Village is characterized by: 

  • Ideal location between the posh neighbourhood of Parque das Nacoes and the up and coming design and digital districts of Marvila and Beato  
  • Picturesque river views 
  • Top of the line designs and fixtures 
  • Exclusive gardens for each apartment 
  • One to three car parking spaces 
  • Security systems that include video intercom, CCTV and Intrusion detection 
  • Solar-powered thermal systems and panels 
  • Retail spaces and green spaces 
  • Availability of Flexible multi-unit options
  • Provision of Golden Visa on €500,000+ units 

Pricing:

The apartments spanning studios to duplexes start at a price of EUR 285,000.  The rate for studios starts from €285,000, one bedroom from €410,000, two bedroom from €560,000, three bedroom from €785,000 and four Bedroom from €1,195,000. In short, there is something to suit every taste and wallet.

The buying schedule is as follows:

  • A reservation fee of €10,000
  • 20% Down payment on CPCV (or €500k for GV)
  • 10% 6 months after CPCV
  • 10% 12 months after CPCV
  • 60% on the final deed
  • Lot 7 will be ready this year, so the split is now 20% + 80% 

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