The Angolans’ Exclusive Building in Estoril Sol

Displays of wealth by nouveau riche Angolans have become legendary in Portugal in recent years. Angolan leaders and their families and business associates have been buying up some of the country’s most opulent properties. A typical case is that of Estoril Sol Residence, a luxury housing complex comprising three buildings of a distinctive and controversial design in Estoril, a coastal suburb of Lisbon. The complex contains some of Portugal’s most expensive apartments, priced at between one million and five million euros per unit. The complex, opened two years ago, is well known as “the Angolans’ building”, since Angolans are the main property owners there, holding title to about 30 apartments. An investigation by Maka Angola has revealed the names of the rich Angolans who own property in Estoril Sol Residence. The Minister of Public Administration, Employment and Social Security, António Domingos Pitra Costa Neto, is the owner of five apartments […]

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