A furnished three-bedroom, facing the Tagus, at the Hyatt, in Belém.

Yes. The sale is made with the assignment of your position in the operation agreement, which is a condition of the deed. You take over the agreement as it stands, including the income guarantee*, which is given by the hotel's operator (Realtejo Residences, United Investments Portugal group).

Under the agreement, 5% per year on the purchase price, excluding taxes*. The amount is net of operating costs, the operator's fee, the development's periodic charge and the reserve fund; the owner pays the municipal property tax (IMI), the apartment's insurance and income tax. The guarantee is paid by the hotel's operator (United Investments Portugal group), under the operation agreement. It is paid by bank transfer twice a year, in January and July, with the corresponding statement; in the first year you receive the proportional part from the date of the deed. You also receive a monthly statement for the apartment and, every year, the audited accounts of the operation.

The income becomes variable, depending on the hotel's accommodation revenue and costs. There is no guaranteed minimum.

No. The apartment is licensed for tourist operation and is part of the hotel. Own use is up to 4 weeks a year, booked with the operator with the notice set in the agreement: you check in as a guest, with the hotel's service (housekeeping, reception, spa, rooftop and parking). Letting it or running it yourself is excluded by the agreement. During the guarantee period (until 2029/2030), the weeks you use are not deducted from the 5%*: the agreement sets the minimum return by reference to the year, with no reduction for the owner's own occupation. After the guarantee, the weeks of own use reduce the variable income.

The municipal property tax (IMI), the apartment's insurance and income tax on what you receive. During the guarantee, everything else (operation, operator, condominium, reserve fund) is deducted before the 5%. On purchase: IMT (property transfer tax), stamp duty (0.8%), registration and notary fees — the published prices and the simulator do not include them; the estimated IMT is on each apartment's fact sheet.

The furnished and equipped apartment, as per the hotel's inventory, and the position in the operation agreement, with the guarantee running*. Maintenance and replacement of furniture and equipment are paid from the reserve fund, already deducted before the 5%.

Yes, by assigning the operation agreement to the new buyer. At the Hyatt, the hotel's owner has a right of first refusal, exercisable within 14 working days of being notified of the terms of sale.

Yes. After the 10-minute call, a member of the team sends the draft tourist operation agreement for review by your lawyer, before the visit or the reservation.

The obligation to pay the minimum is contractual and is set out in each apartment's operation agreement, with the mechanisms provided for default. The United Investments Portugal group has run apartments owned by private investors on this model since the Pine Cliffs Resort in the Algarve, and today runs both hotels.

Yes, you can buy, as an individual or through a company, in person or by power of attorney; you need a Portuguese tax number (NIF) and a bank account in Portugal to receive the income, and, if you live outside the EU, a tax representative. The income is generally declared in Portugal and taxed under the rules that apply to you — resident or non-resident individual, or company — with double-taxation treaties applying to non-residents. There is no Golden Visa: property investment stopped qualifying in October 2023, and we do not promise any tax regime. We make the agreement available for your tax adviser's review.