Launch of a new venture in the Arts District

Room in one of the flats in the Condomínio das Artes / LUXIMO'S Christie's
Room in one of the flats in the Condomínio das Artes / LUXIMO'S Christie's
25 July 2019, LUXIMO'S Christie's

There's a new luxury condominium shining in the Bairro das Artes, in Oporto. It's an imposing palace whose neighbours are the Palácio de Cristal, the Soares dos Reis National Museum and the famous Miguel Bombarda quarter, where there are plenty of art galleries, countless art projects, retro and avant-garde shops, cafés, hair stylists, grocery stores, organic produce stalls, artists' studios and coworking spaces. It's the perfect territory for those who want to not only live in the city, but really enjoy it and its remarkable cultural offer. It's a rare opportunity for those who've always wanted to buy a house in the centre of Oporto, but haven't yet found a new construction property that they wanted to live in. It's the place par excellence for chic, bohemian vibes, which combines an alternative, elegant and trendy way of life.

This new building, which boasts a beautiful and meticulously restored façade, respecting the oldest architectural tradition of the Invicta (Porto's nickname), consists exclusively of 14 apartments with typologies T1 (1 bedroom) and T2 (2 bedrooms). Some properties are duplex apartments with two floors; others have the privilege of having balconies with 20 square metres (215 square feet), terraces and small gardens. And all this is within walking distance of the gardens of the Palácio de Cristal, the most beautiful viewpoints over the Douro River and gardens in the centre of Oporto. The T2 apartments benefit from a garage, a very important attribute in a city where almost all the parking is paid for. This development is being marketed by LUXIMO’S Christie’s International Real Estate, the top luxury real estate agency in Oporto.

Luximo's Christie's
Luximo's Christie's

If the location aims to meet the expectations of those who seek to be close to the trade, services and main tourist attractions, the quality of the finishes obeys the requirements of the most demanding residents. In this sense, all apartments are double glazed with high acoustic and thermal correction, oak flooring, carpentry and lacquered furniture, Estremoz marble in the bathrooms and fully equipped kitchens: all are equipped with an oven, exhaust fan, vitroceramic induction cooktop, washing machine and dryer from Bosch. The rooms and bedrooms are equipped with central heating by underfloor heating. And the entire condominium is enriched by a wonderful private garden, which represents an almost eccentric luxury in the middle of the city centre.

Compliments from abroad

This recent real estate concept, guided by small and glamorous apartments in historic buildings, gives continuity to a trend in downtown Oporto: luxury, comfort and modernity are privileged, allied to the taste for rehabilitation and respect for architecture. Hence the commitment not only to the quality of the construction but also to the design of interiors and outdoor common spaces.

This new condominium also responds to the growing interest of foreign visitors in the city of Oporto. A study entitled "Porto versus Well-Being" has just been published, carried out by researchers from the ISAG - European Business School research centre, which attests to this: 1,253 people from 48 nationalities were interviewed, 85% answered that Oporto is the city where they felt the happiest and 77% expressed the desire to return. Gastronomy, rest and culture are the most common factors for this. Germans, Brazilians and Dutch are in the top 3 of the happiness ranking. On average, according to the study, each visitor's stay lasts 4.9 nights. Also because of this, never before has real estate investment in Oporto been such a safe bet.

The Condomínio das Artes will be completed by the end of 2020 and LUXIMO’S Christie’s International Real Estate is in charge of the commercialisation that has already started with the presentation of the project to its portfolio of national and international clients.

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