232.000 €
2.231 €/m²
3 kamers
Bruto oppervlakte 125 m²
**SALE OF BARE OWNERSHIP WITH LIFETIME USUFRUCT** 1. Transaction Structure The investor acquires the bare ownership of a 3-bedroom apartment, with the usufructuary, currently 66 years old, retaining the right to use and enjoy the property for the duration of the usufruct. This is a medium/long-term transaction, focused on appreciation and asset accumulation, not immediate income. 2. Entry Price The purchase price is €232,000, equivalent to approximately €2,231/m² of usable area. The investor thus acquires a quality real estate asset for a significantly lower value than would be necessary to acquire full ownership today. 3. Market Reference As a reference, the average advertised price in Moscavide and Portela reached approximately €4,790/m² in July 2026. Applied to the 104 m² of usable area, this corresponds to an indicative value of approximately €498,160 for full ownership. 4. Down Payment Discount Given this merely indicative reference, the difference between the full ownership value and the bare ownership price is approximately €266,160, corresponding to a discount of about 53.4%. This is not a formal valuation, but an objective reference to frame the attractiveness of the down payment price. 5. Age of the Usufructuary The age of 66 is particularly relevant. For the specific purpose of determining the value of the bare ownership, Article 13 of the CIMT considers, between 65 and 70 years of age, a 30% deduction from the full ownership value. Applying this reference to €498,160 results in an indicative value of €348,712 for the bare ownershipapproximately €116,712 above the purchase price. 6. Appreciation Potential The asset is located in a consolidated residential market with strong demand. In Moscavide and Portela, the average advertised price evolved from approximately €3,460/m² in January 2024 to €4,790/m² in July 2026, an appreciation of nearly 38%. Although past performance does not guarantee future results, it highlights the structural appreciation potential of the location. 7. The Time Factor The main characteristic of the operation is the time horizon. The investor acquires the bare ownership today and awaits the extinction of the usufruct, at which point full ownership is consolidated. From there, you can choose to sell, rent, or keep the property, benefiting from the market conditions existing at that time. 8. Asset Quality and Security This is a 3-bedroom apartment with 104 m² of usable space and 124.5 m² of gross space, 2 bathrooms, private garage, air conditioning, good sun exposure, and panoramic views over the Tagus River. It is located in a consolidated urban area, close to Parque das Nações, the airport, road and rail access, shops, and services. It is, therefore, a real asset, with consolidated residential use and potential for future liquidity. CONCLUSION This operation combines a discounted entry price, location, asset quality, and a medium/long-term asset horizon. For €232,000, the investor acquires today a position in a property whose indicative full ownership value, using the average market reference for the area, is approximately €498,160. The rationale is simple: Buy today wait consolidate full ownership benefit from potential appreciation decide between selling, leasing, or holding. It is an opportunity especially aimed at investors with available capital, a long-term vision, and no need for immediate real estate income, for whom time and asset appreciation can be the main drivers of return. #ref:C0222-07203
Met lift
Met garage