Investment Building with Approved Project in Alfama, Lisboa
€980,000€2,768/m²
7
bedrooms
8
bathrooms
354 m²
interior
House
property type
10 May 2026
listed
The Habio take
AI summaryThis expansive building in the historic centre of Alfama offers a unique investment opportunity, featuring an approved project for five apartments including a three-room penthouse with stunning river views. Alfama is known for its narrow streets, traditional music, and vibrant culture, making it an attractive locale for both residents and tourists.
- investment
- historic
- city
Highlights
- 7 bedrooms, 8 bathrooms
- Approved project for 5 apartments
- Penthouse with river views
- Renowned architects involved
- Desirable historical location
Worth knowing
- Renovation work may be required to complete the project
- Potential for noise due to central location
Good fit for: Ideal for investors seeking a profitable rental property in a prime location.
Lifestyle scores
- Beach
- 40
- Walkable
- 90
- Remote work
- 70
- Family
- 50
- Retirement
- 60
- Airport access
- 80
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
Great investment opportunity. The building is located in the beautiful historical center of Alfama with an approved project carried out by renowned architects. The project consists of 5 apartments with a total living area of 344sqm. Three studios, a studio with a garden and a three-room penthouse with a balcony and fantastic river views. A nice project in a great location.
Buying property in Portugal
Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
- 1
Get a NIF
Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.
- 2
Open a bank account
Open a local account to handle the deposit, taxes, and ongoing utility payments.
- 3
Engage a lawyer
Hire an independent lawyer (not the seller's) to run title and planning searches.
- 4
Sign the CPCV
Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.
- 5
Final searches & funds
Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.
- 6
Escritura (deed)
Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.
- 7
Register the property
Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
