The study’s data highlighted the growth of more traditional cultures, such as Cape Verde and Brazil, but also a very healthy increase in citizens from France, Italy, United Kingdom, as well as from Venezuela, Bangladesh, Nepal and India.
It can also be said that investors from Brazil, the United Kingdom, France, USA, and China represent half of the amount invested in Portuguese real estate, in 2018. On average, each investor spent around 425.50 thousand euros.
President of Associação dos Profissionais e Empresas de Mediação Imobiliária de Portugal (APEMIP) says that the most sought after places in the Portuguese lands are the traditional beach areas and the historic centres of Lisbon, Porto and other cities.
The language isn’t the only reason why Brazilians keep flocking to Portugal. The political, social and economical instability back in their country are the main factors that lead them to buy a portuguese property. Since most of the brazilian population comes with their family and children, two to three bedroom apartments in condominiums are their lead preferences. The proximity to schools, social services, and work are also top priorities. Search for two-three bedroom apartments in Lisbon here.
In most recent years, more than 40.000 French people have come to Portugal for the tax breaks, but especially for the history, the architecture and charm of the buildings, the sun, the sea and the amazing food.
The french also want to live in well served “neighbourhood feel-alike areas”, where there’s commerce, enabling them to walk around by foot. This atmosphere is well-preferred as the characteristics are reminiscing of Portuguese traditions. The proximity to the Liceu Francês (French School) is also another aspect when the french look for a house in Portugal. Some neighbourhoods are great to invest in like Campolide, Campo de Ourique and Lapa.
If you’re looking to invest in the lively Portuguese neighbourhoods, learn more about them here.
Regarding the south region, in particular, the Algarve, they are more interested in areas near the sea, with established french communities. Take a look at the available properties in the Algarve here.
British immigrants can be set into two groups: the retirees and the investors/businessman.
The first group consists of couples over 50 years, looking for a second home, either to permanently live in or to spend a few months a year.
These citizens are mainly looking for properties that range from 400,000 to 1 million euros. The preferred location is the Algarve, but there is still quite significant demand in Central Lisbon and Porto. Living by the beach or countryside, with nearby sports like golf, and restaurants are their top preferences. If you’re looking to relocate to Portugal after Brexit, learn more here.
Over the last few years, a second profile has emerged; young professionals wanting to acquire properties in Portugal for investments or business, due to attractive tax benefits as well as a healthy return on investment.
The report also noted that 81% of the investors are part of the active population, with a preponderance of the 25-44 age group. See what investors from across the globe are saying about us here.
About Portugal Homes
PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden Visa, NHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
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