New Luxury Flats on Lisbon’s Av. República to Receive Tax Exemptions

20 May 2019Richard D. K. Turner

According to an article in the Jornal de Negócios, the real estate developer Lucios is converting the building at 95 Avenida da República, in Lisbon, into a 29-flat luxury condominium. The new development will have six floors, and flats with sizes ranging from studios to three-bedrooms and areas from 36 to 109 square meters. Lucios has already begun sales of the properties and forecasts delivery for the first semester of 2020.

The building’s classification and location on Av. Da República also mean that future buyers will be exempt from the IMI and IMT real estate taxes.

Original Story: Jornal de Negócios – Rui Neves