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Silver Riverside Village with T0 at a price of 285 thousand euros has already sold 80% of 350 apartments - Real Estate

Silver Riverside Village with T0 at a price of 285 thousand euros has already sold 80% of 350 apartments – Real Estate

The development of Prata Riverside Village, in Marvilla, Lisbon, has attracted such high demand that 80% of the 350 apartments on the market have already been sold, reports Re/Max Group, one of the real estate agencies responsible for marketing this Thursday.

The project of the Italian architect Renzo Piano, winner of the Pritzker Prize in 1998, consists of several buildings, with an investment estimated at 400 million euros. The cheapest apartments – T0 with a total area of ​​​​42.4 square meters – cost 285 thousand euros. T4 with an area of ​​246.5 square meters cost 1.9 million euros.

Of the 175 apartments that have already been completed — in the The One, Riverside and West buildings — only five are still for sale. The Square building’s 107 apartments are currently being sold – and due for completion in the second half of this year – and more than half (55%) of the fractions have already been sold. In Urban – with estimates completed at the beginning of 2023 – more than 75% of the 65 apartments have been sold.

Thus, of the 350 apartments on the market, 80% have already been sold, and the majority of buyers (more than 60%) were Portuguese. Regarding international customers, the promoter mentions that there are buyers of 30 nationalities, mainly British, Spanish and Brazilian.

The Prata Riverside Village is equipped with shops, restaurants, galleries, bike lanes and playgrounds and will have a building “entirely for commercial activity, focusing on a wide range of dining options, as well as space for a fitness component, including swimming pool and/or SPA, for Condominium and the visiting community”.

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“Prata Riverside Village is a truly exclusive opportunity that the RE/MAX group had to have in its portfolio. It is a project of great importance in the panorama of new construction in Lisbon, not only because of the privileged area in which it is located, along the Tagus River, but also because of its architecture Unique, as it has been designed to respond to the needs of a sector that seeks quality of life, in an urban environment, served by commerce, services, cultural facilities, green areas and recreational spaces,” the statement quoted Beatriz Rubio, CEO of Re/Max Collection.