Here at Tamea International we strive to provide our clients with sound real estate investment advice by explaining the evolving national and regional property markets and assessing which investment options may be best suited to each of our clients based on their individual needs. Alongside this guidance, we provide services to help clients maximise returns and add value to their property investments in Portugal.
Tamea International assists those clients looking to renovate older properties and personalize their new homes in Portugal. We can present suitable options and help with the renovation. If you're looking for something really unique then please contact usto find out more about our off-market property.
Lisbon, in particular, has plenty of buildings that are prime for redevelopment and Tamea International is well placed to present these opportunities. We help investors and developers identify buildings, such as former school buildings, post office and bank properties for sale, for conversion into hotels, commercial or office spaces, and apartments for sale or short-term rentals. The local Government is very much in favour of private investors helping to renovate the city and that support helps fast-track urban regeneration projects. Most buildings for renovation in Lisbon are off-market so please contact usto see a full range of options.
Once you’ve identified your renovation or development project Tamea International can provide a Project Management service to oversee the process. This service can include selecting and liaising with architects, assisting with the licensing, reviewing construction bids and monitoring the work itself.
1. The location
One of the main advantages of being in Lisbon is that it’s the closest European capital to the United States and to South America, particularly to Brazil. Lisbon also maintains privileged ties to its former African colonies, especially Angola. It’s also less than one hour away from Madrid with several flights every day, and about two and a half hours from Paris and London (it’s the only capital in mainland Europe sharing the same time zone with the British capital).
With close to 300 days of sunshine throughout the year, no snow, and temperatures that never reach the freezing point, Lisbon is a truly blessed city. It’s great living in a place where you can have beach days in October or March, where you can sit comfortably outside at a café terrace in February, and where you don’t have to worry about the dangers of snow on the ground.
Lisbon officially has the lowest homicide rate of any European capital and the lowest number of residents who have been victims of any crime in the previous five years, making it Europe’s safest capital. Naturally as a big city that doesn’t mean it’s crime-free, and you do hear reports of petty crime like pickpocketing and car break-ins are not that uncommon. But compare Lisbon’s safety issues with that of any major city in the world and you begin to get a sense of how much safer and lucky you really are in Lisbon.
4. Quality of life
Safety and agreeable weather are just two factors that contribute to a high quality of life in Lisbon. Freedom, human rights, a stable democracy, recreation facilities and leisure time also make the Portuguese capital one of the best places to live in Europe. Residents can be at the beach just minutes from downtown or enjoy nature in several green spaces such as Monsanto, the largest urban forest in Europe. Golf, surfing (Europe’s first surfing reserve is 30 minutes away) and other outdoor activities are also more accessible here than in other European capitals.
5. Modern infrastructures
Portugal is in the world’s top 10 for the best road network, and while people in Lisbon will say that was in detriment of other more useful investments, it does reflect the focus on modernizing the country in the last couple of decades. The expanded airport is within 15 minutes of downtown, there are a modern metro, new hotels and conference centers are growing businesses, and there are new world-class research centers (such as the Champalimaud Foundation which helped Portugal become the 4th country in the OECD with the biggest rate of researchers in the fields of science and engineering).
6. Innovation and technology
Lisbon was the first city in Europe to set up a network of electric car recharging stations, was recognized in 2011 as having Europe’s best fiber optic network, and Portugal has pioneered services in banking (particularly ATM), telecommunications, and renewable energy (close to 60% of the electricity in the country comes from renewable sources). These are just a few examples that reveal the experience and the opportunities in innovation and technology in Lisbon.
7. Human resources
Unlike in the rest of southern Europe, you’ll find that in Lisbon there’s a sizable multilingual population, with 42% speaking two languages (especially English) and 23% speaking at least three. Improvements in education levels also mean that there’s never been a better-prepared young generation in the country entering the job market.
8. Tourism growth
While it’s recently been given several high-profile awards (Europe’s Best Tourist Destination, Cruise Destination and City Break at the World Travel Awards), and while it’s one of the world’s top 10 cities for corporate events, it’s still overlooked as one of Europe’s must-see capitals. It’s a growing low-cost and cruise destination attracting major markets beyond the British, Spanish, French, American and even Asian.
9. Real estate
When the higher classes moved to the suburbs by sea (Cascais, Estoril and Sintra) and the middle class moved to the city’s northern districts, Lisbon’s centre was abandoned to the lowest classes, especially to poor pensioners living on frozen rents. The buildings reached a shockingly advanced state of decay but in the past two decades, there has been a massive effort to renovate the old historic centre of the city.
While it looks like most of the work still needs to be done, seeing photos of Alfama from 20 years ago shows just how much has already been achieved. As the mostly elderly population died, younger investors renovate homes and discover the charm and the privilege of living in the centre of the city.