While we may attribute the early market recovery to these fiscal and visa incentives, the real estate markets in Portugal have matured entirely independent of any incentives and offer investors an excellent opportunity to own a piece of this dynamic European country and all its lifestyle and cultural benefits.
Portugal offers an attractive place to live and work, with an open-door policy for internationals seeking a European base with great airlift, restaurants, rich culture and a mild climate within a cosmopolitan coastline, where English is widely spoken.
Lisbon has become a hub for the tech savvy and invites high skilled individuals to enjoy the lifestyle, whilst remaining very much in an “Alpha city”. Lisbon is well regarded for Its finance, commerce, arts, entertainment and tourism, not to mention the large expat communities and a multicultural offering.
The Algarve has quickly become home to many internationals with its beautiful European climate and stunning coastline. The Algarve is home to one of the most sought after resorts in Europe, called Quinta de Lago, which has long been a hotspot for the extremely wealthy to invest in real estate. The Algarve has expanded toward the east and west as it grows in popularity and is becoming even more of a tourist hotspot, offering both investors and home owners an opportunity to own real estate in this safe haven. With a coastline rich in natural beauty, health and fitness pursuits are plentiful and the relaxed lifestyle is excellent for those looking to find their perfect solo or family retreat.
Benefits of investing in Portugal
A straightforward buying process
No restrictions on foreign investment
Mortgages available at relatively low interest rates
High demand for rental accommodation, especially during summer months for short- to medium-term rental
Long-term factors to consider
- High demand is expected to result in continuous price increases for both residential property and rental pricing, especially in urban areas where demand outweighs supply.
- Efficient systems in place for property management, stabilising asset maintenance post investment.
- English widely spoken, for eaes of ongoing asset management
- Multinational country with a strong cultural backing
- Lisbon named an "alpha city", attracting nomad workers
- Euro-based asset value
- World-class infrastructure, a highly qualified young workforce and a safe environment
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Disclaimer: Please do not act in reliance on information published or advised without consulting a suitably qualified independent legal or other professional advisor of your own choosing. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use or reliance on any of the advice provided by any one or all of the professional advisors identified by Sable International. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government changing the legislation and or rules around immigration and nationality. Obtaining Portuguese residency and citizenship is at the sole discretion of the Portuguese Government. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of the Portuguese Government not granting an applicant residency or citizenship.