Sustainable, profitable, and flexible: Discover Portugal’s newest co-living development opportunity

U_nomad is a fun living space that has been crafted for students, digital nomads and travellers and fulfils a dual-purpose accommodation strategy. Designed to blend the stability of long-term leases with the opportunity of short-term stays, it enables investors to optimise returns and effectively manage investment risk.

Out of the initial 24 available investor slots, there are just five investment slots remaining.

Join our Group International Director, Andrew Rissik, and the developer of the U_nomad project, Eduardo Fonseca, in a webinar to learn more about this unique and exciting property development in Santarém, Portugal.

University towns in Portugal face student accommodation shortages and poor-quality housing. Coupled with this, the rise of digital nomads among young professionals seeking flexible lifestyles has led to an unprecedented demand for unique properties that can cater to these markets.

This first U_nomad development is located in Santarém, Portugal, which is rich in culture and located just 75km north of Lisbon. It is one of the 18 district capitals in Portugal and has two universities attracting 5,500 students. It is also an important events destination and is of historical interest to tourists

The U_nomad building was originally built in the 1940s, showcasing unique architectural design and heritage. It comprises five floors with two separate entrances for convenient access, privacy and functionality. The building has been maintained in great condition, ensuring a solid base for a modern and comfortable refurbishment.

The project will convert the existing building into a co-living space and hostel with:

• 94 beds and 52 units
• Four lounges/workspaces
• Four kitchens
• Four dining rooms 
• A gym
• Four laundry rooms
• An office
• Multiple storage spaces
• Staff facilities

The investment nitty-gritty:

• 24 co-investor slots at €250,000 including all transactional costs
• Promoter retains 20% ownership, so each co-investment slot is granted 1/30th direct ownership of the property
• The property is valued at €7,500,000 which represents just €3,101 per square meter
• Investors will benefit from a 10-year renewable lease providing stability and long-term income
• Investors will receive a guaranteed return of 6% in the first year of operation
• The rent will be increased by 3% annually, enabling investors to benefit from growing, inflation proof returns over the lease period
• Management will be handled by a company 100% owned by the promoter, protecting investors from any commercial risks
• Refurbishment is already underway, with works completion expected in December 2025 and with the U_nomad lease contract starting in January 2026

This project is a hands-off investment for the savvy investor looking to be part of an innovative real estate solution in Portugal.

Please note that this investment is not a qualifying investment for Golden Visa purposes.

We’d love to discuss this option further and answer any questions you may have. Please don’t hesitate to reach out to us at portugal@sableinternational.com for more information. We look forward to hearing from you!