This Q&A session answered a range of questions about the project, from concept, to amenities, to location and benefits, to payment plans, to construction time frames, to availability, to price, to estimated service or HOA charges, and possible investor returns, among other points.

Because this investment may well be the first investment or purchase in Portugal for many buyers, the webinar started with a general Q&A section covering the process of purchasing a property in Portugal, which will include title ownership, the current state of the market, new-build premium linked to supply and demand, etc.

Here is the full agenda:
0:00 – 1. Introduction and context & “How has or how will the war in the Ukraine affect the Portuguese Real Estate Market?”
7:46 – 2. Agenda overview
9:21 – 3. Have prices increased or decreased and will they increase or decrease?
10:19 – 4. Does supply exceed demand or the opposite?
13:47 – 5. Do you need to be a resident or citizen of Portugal to buy in Luz Living?
14:25 – 6. Does being a foreign national present any challenges to ownership of property in Portugal?
17:08 – 7. Can we see title of ownership before investing?
17:58 – 8. Are there references of similar projects in Portugal or other countries?
24:25 – 9. What changes have there been to the Golden Visa program in Portugal?
30:11 – 10. When should I consider the Golden Visa as an investor?
32:53 – 11. When should I not consider the Golden Visa touristic Real Estate development?
37:43 – 12. What type of project is Luz Living?
41:33 – 13. What amenities will be included on the site?
53:10 – 14. What sort of services will be provided by the concierge service at reception?
55:56 – 15. Is the site fully accessible?
58:29 – 16. What type of construction is there there? Block construction or frame?
1:2:18 – 17. Do you offer live tours of the site to get an appreciation of the area and the project?
1:2:11 – 18. Are there 1-bedroom apartments still available?
1:11:54 – 19. Are there 2-bedroom apartments still available?
1:13:12 – 20. Are there top floor apartments still available? At what price?
1:14:20 – 21. Is the final construction price fixed for the investor, when you sign the contract?
1:31:31 – 22. What are the time frames for each step of the process?
1:34:48 – 23. Is the Q4 2023 timeframe realistic?
1:39:51 – 24. Which bank will finance the remaining 40% of mortgage of the investor plan option?
1:41:19 – 25. Is there an alternative financing option?
1:47:55 – 26. How many units will be sold for permanent resident owners or investment rental opportunity owners? Is there an objective/desire to manage the number/% of full-time owner residentials vs medium term guests?
2:5:22 – 27. The condominium or HOH cost projections seem quite low for a condominium with so many amenities, how is this possible?
2:11:24 – 28. Will there be a furnished package available to unit owners?
2:13:57 – 29. What is the tax for the long term rental and how does it compare to the short term rental under AL?
2:19:32 – 30. What will be the regulations or restrictions regarding the rental of my unit, both long and short term?
2:22:04 – 31. What are the expected returns based on the rental model that Luz Living will allow or implement, medium/long term?
2:25:15 – 32. Will rental management services be available through Luz Living, and if so, at what cost?
2:28:00 – 33. Will I be able to rent one or both of the garage parking spaces assigned to my unit? If so, will Luz Living assist with the rental’s process?
2:52:55 – 34. Can a 2-bedroom apartment be purchased with a garage?
2:54:15 – 35. On which floor are the 1 bedroom apartments?
2:55:43 – 36. What happens if the investment unit is not resold or the market turns, will it be rented and/or available for use by the investor on the sae 60/40 split?
2:59:09 – 37. Accent/house insurance
2:59:32 – 38. Is the underfloor heating, just the bathroom or the entire unit?
3:0:31 – 39. Are the common areas smoke free?
3:01:11 – 40. Wrapping up

We encourage all interested buyer, future residents and investors to get in contact with us by e-mail to info@luz-living.com .

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