Portugal has largely flown under the radar as an investment destination, but that is starting to change. Thanks to a combination of strong economic growth, political stability, and an attractive lifestyle, real estate in Portugal is becoming an increasingly popular choice for investors. In this blog post, we'll take a look at some of the key reasons why Portugal is emerging as a real estate market worth watching.
Portugal Real Estate: Advantages
One of the most important factors for any real estate market is economic growth. Investors want to see that the economy is growing and that there is potential for future growth. Portugal ticks both of those boxes. The country's economy has been growing steadily for the past few years and is expected to continue to do so in the coming years. This makes Portugal an attractive option for investors looking for stability and potential upside.
Another important factor for any real estate market is political stability. This is especially true for international investors who may be worried about investing in a country with an unstable political situation. Portugal has a long history of political stability and is currently undergoing a period of transition with a new government that was elected in October 2019. This makes Portugal an attractive option for investors who are looking for stability and predictable returns.
In addition to strong economic growth and political stability, Portugal also offers an attractive lifestyle. The country has a Mediterranean climate, beautiful beaches, and friendly people. Portuguese also ranks as one of the world's easiest languages to learn, which makes it easy for foreigners to get by. These factors make Portugal an attractive option for investors who are looking for a place to live as well as invest.
The Portuguese government provides an appealing tax structure to non-residents. The non-habitual resident (NHR) plan offers newcomers special tax breaks for up to ten years. You'll be able to leave your money to your heirs without having to pay gift or inheritance taxes. This attractive tax system is a persuasive reason to choose Portugal for your planned transfer.
Portugal Real Estate at Reasonable Prices
Another advantage of the Portugal real estate market is that house prices are substantially lower than in Spain or France. Thus according to Numbeo, costs per square meter in Faro, a popular tourist destination in the Algarve, range between €400 and €1,000, while in Antibes, a resort town in the south of France, prices range between €4,000 and €5,125. Property for sale in Portugal is ideal for real estate investment due to its affordability.
Where Can I Find a House in Portugal?
When selecting whether to buy a home in Portugal, consider if you want to be near the beach, in a bustling city, or in the countryside. Let's take a short look at some of houses for sale in Portugal.
If you're seeking properties in a big city with a small-town feel, Lisbon could be the place to be. The capital has everything you'll need, including gyms, retail malls, foreign schools, and a busy nightlife. Lisbon has amazing architecture as well as beautiful views of the hills. Lisbon, like many metropolitan areas, has a varied range of districts, each with its own particular personality. Portugal property prices in Lisbon may vary by area.
Porto is a thriving economic metropolis with an extensive historical and cultural heritage. The city's antique streets and historical structures provide several chances for exploration. Ribeira, on the riverfront, is a UNESCO World Heritage Site and a lovely spot to take in the scenery. We hope that this post has answered your queries regarding houses for sale in Portugal and how to purchase them.
Portugal is an emerging real estate market that is worth watching thanks to strong economic growth, political stability, and an attractive lifestyle. If you are thinking about investing in a Portugal property, be sure to do your research and consult with a professional before making any decisions.