SALE OF A HOTEL UNIT UNDER THE GOLDEN VISA PROGRAM IN A NEW PROJECT IN THE CENTER OF PORTO

Mercury Group was contacted by a family from Armenia with the aim of buying a property in Portugal that meets the criteria of the Golden Visa program.Given that the family did not plan to move to Portugal for permanent residence, Mercury Group consultant Alexandra offered them the option of investing in commercial real estate, namely the purchase of a hotel unit, with the possibility of living there 7 days a year.

The rest of the time, the property is managed by the hotel, and investors receive a guaranteed return.The difficulty was that at the time of the start of work on the request, the Portuguese government announced the imminent closure of the Golden Visa program, which immediately forced price increases and an unprecedented demand for real estate in the country.As the most attractive option for a given purpose, Mercury Group offered to choose a unit in one of the off-plan hotels with a guaranteed return.

During the week, 4 zoom meetings were organized with developers, during which Mercury Group represented the interests of buyers and introduced them to the projects in detail.

After a thorough analysis of the prospects of the projects, the choice was made in favor of a 4-star hotel with 85 rooms in the center of the city of Porto.

The project is designed for only 85 investors. At the moment, all rooms have already been purchased. Thanks to the efficiency of our team, we managed to invest in this liquid project and get the following benefits for our customers:

• Guaranteed yield of 5%;
• Starting from the 6th year of operation of the hotel, investors will receive 70% of the operating result of the hotel;
• Possibility of applying for the “Golden Visa” of Portugal for the whole family;
• The right to use the hotel 7 days a year free of charge.

By the way, the documents for the Golden Visa have already been submitted! Moreover, having arrived in Portugal, our clients fell in love with this friendly and colorful country and decided, of course, with the assistance of the Mercury Group, to purchase residential real estate for themselves!

If you are looking for a country to invest in real estate in order to obtain a residence permit, for personal residence or rental business, contact us for a free consultation! We work for you!