This property is an upscale luxury student accommodation at the University of Porto, Asprela Campus in Porto. The university is Portugal’s second-largest university, and Porto is Portugal’s second-largest city. The Porto Student Housing project meets the requirements of a Porto Golden Visa investment and is available to potential investors for €350,000.
Porto Student Housing
The Porto Housing will be operated by one of the United Kingdom’s largest student accommodation management companies. The company has extensive experience managing student facilities across the United Kingdom.
The luxury Porto housing complex will offer a new and exciting accommodation facility right in the heart of the campus. It will provide an ideal upscale living environment for students and young professionals.
The facility will include around 347 new and contemporary living spaces with rooms that provide high-speed WiFi. The complex will feature generous work and common areas, as well as conference rooms, study spaces, an on-campus bar, and tennis courts. Shared facilities include laundry facilities, kitchens, and parking spaces.
All the Porto Student Housing rooms are more or less the same size at around 23m2 and are equipped with a private kitchenette and bathrooms, a bed, desk, lounge chair, and private balconies. Each room will also have access to the F&B area, cinema room, gym, and the paddle court.
All the building permits have been obtained for this project. Construction for the project is expected to begin in the third quarter of 2022 and will be completed by the second quarter of 2024 at the latest. Campus security will protect the dorms.
This upscale Porto Student Housing accommodation is available to Golden Visa seekers starting at €350,000 with a 15-year agreement and a guaranteed return of 3.5% per annum and a buyback after 5 years.
On sale are 100 student housing units each being sold at €175,000 per unit. Investors into the project will be able to purchase two units and qualify for the Portuguese Golden Visa with a €350,000 refurbishment category investment. The property will be operated under a 20-year agreement with the aforementioned company that is the UK’s most successful student accommodation provider, thus generating an income guarantee for investors.
The buyback will be given from year 5 onwards with the development agreeing to buy out all clients within a 2-year period in order to regain 100% of control of the project. Based on the market valuation minus 5% for inflation. It is predicted that the investment will be worth €50,000-€60,000 above the current market valuation meaning investors would sell their investment units for €400,000.
A €10,000 deposit will be required to secure a Porto Student Housing investment unit and start the process and the developer is offering a free stay in a 7-day stay in Lisbon Hotel during the client’s trip to Portugal to submit their Biometrics. Plus a discounted rate on the Golden Visa Legal fees.
Asprela University Campus – Porto Student Housing
The Porto Housing complex for students will be located right in the center of the University of Porto’s Asprela Campus. The campus is home to 15 faculties and provides the highest concentration of knowledge & talent in Porto.
The campus is situated in a designated innovation district of the city popular with Portugals growing digital nomad population, where there is a high concentration of students, entrepreneurs, and young professionals. The 15,000 m2 campus lays adjacent to the new co-living student housing in Porto.
Porto is Portugal’s second-largest city and is home to historic and cultural landmarks, diverse cuisine, and vibrant nightlife. The city is home to 70,000 students and young professionals. The Asprela campus is home to the University Sao Joao Hospital, the largest in the city and just 15 minutes’ drive from the historic city centre.
The main metro station of the Asprela Campus (Polo Universitário) is less than a 10-minute walk from the property. While Porto itself is 274 kilometers north of Lisbon, and regularly scheduled trains and flights keep Porto connected with the rest of the country and the rest of Europe. Porto is an important business hub and features world-class infrastructure and modern education and healthcare facilities.
The developer of the Porto Student Housing is a European private equity firm with a strong track record of structuring and delivering successful hospitality projects in Portugal’s biggest cities since 2013. The team specialises in luxury real estate and hospitality projects and have partnered with like minded investors and stakeholders to make the best possible investments. For this dormitory, they have partnered with one of Portugal’s top construction firms to build the project.