According to the survey, Portugal’s economy is growing at a healthy rate, offering stable returns within several different property assets.
Portugal is a country that has recently attracted more interest from expatriates from all walks of life. The affordability and warm weather are making it popular for young creatives from cities like London and Paris, creating exploding art and music scenes in Lisbon. The economic development above the Eurozone average and highly skilled professionals also make it an attractive destination to do business, whilst high-end education and great quality of life appeal to families.
Portugal has been a prime target of mainland Chinese investors for some years now, however more traditional cultures, such as Cape Verde and Brazil have been coming to invest in portuguese lands, as well as France, Italy, United Kingdom, 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.
South Africans also choose Portugal for offshore alternatives, thanks to the residency by investment programs, the European lifestyle and comfortable Mediterranean climate.
Named the European nation with the best overall prospects, for its enviable quality of life, positive leadership and growing economy, Lisbon is the country’s most trustworthy investment opportunity.
Although prices are rising, the properties around the city still have great potential for capital gain and return of your investment. Whether you want to be close to the attractions of Lisbon or find some peace and quiet in the rural areas of the city, there are plenty of places to consider when staying in Lisbon. Check the best areas to invest in here.
At the beginning of the century, Portugal’s second city, Porto also became a center for real estate investments. According to Forbes, Porto has been elected as one of the Best European Cities to Invest in for 2020. Between 2000 and 2016, over one billion euros were invested in real estate in Great Porto. Profits compete with other major cities like Lisbon, Madrid, and Barcelona.
By many expats, the Silver Coast is one of the most desirable places to live in Portugal. The region remains largely unknown and therefore untouched by tourism, which means that visitors can bask in the extraordinary sand of “silver.”
The Silver Coast is also a popular destination for surfers, and beaches such as Peniche and Nazaré, which are always busy with tourists from northern Europe.
As far as the economic factor goes, it is reasonable to buy a property in the Algarve today. You can count on several benefits regarding tax incentives and residence visas.
Because the Algarve is considered a holiday destination, if you don’t want to spend the whole year here, you can easily rent out your apartment or house on a short-term basis as there are always tourists visiting all year round.
Algarve is best known for its amazing soft climate, with plenty of suns throughout the year, but stepping away from the coastline you’ll find other relics to explore in the region’s more rugged interior, where people live in harmony with the environment and keep ancient traditions. Explore more of Algarve 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 is 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.
To find out more, please contact us:
Phone: +351 213 471 603
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.
Thanks to Andrea Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE
Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.Roshana (Zulfiqar) Mian | Hong Kong
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA