Lot approved for construction of a residential building with 12 units and 24 parking lots in Massamá

For Sale - Lot approved for construction of a Residential Building with 12 units and 24 parking lots in Massamá, North zone. Construction Data Implementation Area: 393m2 Gross Construction Area: 2371 m2 Number of Residential Floors: 4 No. of Parking Floors: 2 (above ground) Total number of Fractions: 12 Total number Type T1: 1 unit Total number Type T2: 5 units Total number Type T3: 6 units Total number of parking lots: 24 (2 per unit) Total number of collections: 12 17 Advantages and Benefits For Investors: Ready to Build There has been no new construction in the area for several years High current demand for designed typologies Reduced costs in land preparation Weight of the cost of land in the cost of each unit only €70,000 Very dynamic and profitable rental market in the area For Market Buyer Customers: Most peaceful and tranquil area of \u200b\u200bMassamá Building isolated from others (4 fronts) All floors with panoramic views 2nd and 3rd floors with panoramic river views Final acquisition cost per fraction very competitive Various green spaces Accessibility - CREL and IC19 – 3min Several schools between 4 and 10 min walk Several supermarkets between 7 and 10 minutes walking Transport between 3 and 10 minutes on foot Close to Parks, Pharmacies and Restaurants Do you want to know why this opportunity could be better than you imagine? 1. Massamá Real Estate Context Massamá is a residential area that has experienced increasing demand due to its relatively close location to Lisbon, which makes it an affordable option for those looking to live close to the capital. Massamá benefits from a good transport infrastructure, including access to trains and other expressways, such as CREL and IC19, as well as the A5 or Marginal which are just 10 minutes away, which facilitates mobility to Lisbon. In recent years, Massamá has seen a mix of urban renewal and a natural increase in demand for a non-existent supply of new construction. These factors, combined with the growing pressure on the real estate market in Lisbon, caused prices in the Massamá area to also rise, currently showing growth above other areas. 2. Evolution of Apartment Prices Over the last 5 years, apartment prices in Massamá have registered an upward trend. This evolution is, to a large extent, a reflection of greater demand for properties in this area due to demographic growth, the search for more affordable options in relation to Lisbon and the continuous improvement of local infrastructure. Main factors behind price increases: • Proximity to Lisbon: Massamá's strategic location, with easy access to Lisbon, has made this area more attractive for those who work in the capital, but do not want to pay the high prices for property in the city. • Urban renewal: The requalification of several areas of Massamá has increased the attractiveness of the location, with new infrastructure and renovation projects attracting more buyers. • Growth of the rental market: Massamá has also been an increasingly sought after area for the rental market, which has generated more pressure on purchase prices. The search for rent in Lisbon has led many to look for alternatives in neighboring municipalities, such as Sintra and, naturally, Massamá. Average prices: • Sales prices: The average sales price of apartments in Massamá varied, but in general, it registered a significant increase between 2019 and 2023. In 2019, the average price per square meter was in the order of 1,300 to 1,500 euros, but in 2023 prices exceeded 2,500 euros per square meter, for urban redevelopment, depending on the exact location and quality of the property. • Rental prices: Rental prices have also increased. In 2019, the average monthly rental cost of a T2 in Massamá was between 600 and 700 euros. In 2023, this value could be closer to 900 to 1,200 euros, with variations depending on the proximity of train stations and the state of conservation of the property. 3. Apartment Demand and Supply The demand for apartments in Massamá has been consistent, especially due to its affordability compared to other areas of the Lisbon Metropolitan Area. Demand is fueled by families and young professionals looking for a good quality of life, with quick access to Lisbon, but without the high costs of Lisbon. Trends in demand: • Greater demand for 2 and 3 bedroom properties: The middle class and families are the main buyers, looking for 2 to 3 bedroom apartments with good accessibility and proximity to services. • Renovated properties with good characteristics: The renovation of older properties has attracted many buyers, who are looking for a good relationship between price and quality. 4. Future Projections The Massamá real estate market is expected to continue to experience moderate growth, with prices rising more steadily in the coming years. The area has a lot of potential, especially if it continues to benefit from infrastructure such as the expansion of public transport networks and improved accessibility. Furthermore, pressure on the real estate market in Lisbon could mean that Massamá remains an attractive option, both for purchase and for rent. However, as in many other areas of Greater Lisbon, there is a possibility of delays in the construction of new projects due to the scarcity of available land and the bureaucracy involved in real estate projects. Conclusion: Massamá has seen a considerable rise in apartment prices over the last 5 years, driven by constant demand and improved infrastructure conditions. The area's strategic location, proximity to Lisbon and financial accessibility continue to be the main factors that attract buyers and tenants. The market remains dynamic, with urban renewal, but needs new developments to help maintain adequate supply for growing demand. Looking for more information? Get in touch: +351 919 917 800 Pedro Malaca