This is a guesthouse that was created by joining two big apartments and now occupies the entire third floor (with a total area of 240m2), of a building with elevator and just at 2-3 minutes walk from the Avenida da Liverdade.
The entire third floor and terrace are currently functioning as a 9-room Guesthouse, with Alojamento local licence. Each of the 9 rooms is suitable for 2 guests, and has a private bathroom with shower unit, air-conditioning, TV.
- Revenue last 12 months: 204.000€
- Management cost: 18% of net booking value - Water, electricity, Internet: 15.500€ p.a.
- Estimated Yield: 7.5-8%
Not only is Lisbon Portugal’s largest and most wealthy city, but it also has the unique distinction of being Europe’s furthest western capital city. With a population of over 2.8 million in Lisbon and the surrounding area, it certainly qualifies as a large city on any scale.
Unlike some of the other cities in Portugal, it is not tourism that drives Lisbon’s economy. Lisbon is a global forerunner in the technology sector as well as a strong leader in mass multimedia, and is also Portugal’s financial district. With all of these healthy industries it is no wonder that Lisbon produces more than 45% of the Gross Domestic Product for all of Portugal. In addition, the per capita GDP is higher in Lisbon than compared to the average per capita GDP for the rest of Europe. These economic factors make Lisbon a very attractive place to live and purchase property.
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