While the homes selling in Italy for $1 definitely made worldwide news headlines, if you’re looking for Europe’s hottest property opportunities, look no further than Portugal. In fact, Lisbon, the country’s capital and largest city, earned the top spot on the 2019 PwC Emerging Trends in Real Estate® Europe survey.
Over the years, investors have found that Portugal is much more than a place to visit on vacation. For those looking to make a long-term investment, the country also stands as one of the most desirable places to live and invest in, which ensures stable returns across many different property assets.
Keep reading to learn more about buying a Portugal real estate investment property and how our team can help with all of your real estate goals.
Why Portugal Stands Out in the European Crowd
Despite all of the turmoil and uncertainty surrounding Brexit, Portugal is one of the few countries in the European Union that has remained unscathed. The area not only offers stable social and political environments, but it also has a huge global focus. With an ever-growing number of skilled English-speaking workers, Portugal has become a hot spot for businesses, including startups and multi-national companies.
Portugal is also appealing for investors because of its low effective tax burden. For investors, the fewer taxes that need to be paid, the better. Portugal has a low tax burden because of:
- Free overseas remittances
- No inheritance tax
- No gift tax
- No wealth tax
Another huge benefit is that real estate investors who live in Portugal can apply for residency or for dual citizenship, which allows them to obtain an EU passport. With an EU passport, investors can freely move throughout the Schengen zone, which opens the door for even more investment opportunities.
As more businesses and investors move into Lisbon and other cities throughout Portugal, the demand for commercial and residential real estate is expected to skyrocket. This means, in the coming months and years to come, it will be harder to find affordable space.
The time for Portugal property investment is now, especially if you’re looking to get a good price on property located in one of the top areas.
Own Your Slice of Portuguese Paradise
Buying real estate in a foreign country can be quite the challenge. This is why we offer a team of trusted and experienced real estate agents in Portugal that will make your search a success! Living Portugal Property provides real estate sales throughout the country, with a strong focus on helping out clients to find holiday and second homes. With our help, you can find your dream home in one of the most spectacular areas of the country.
Whether you’re interested in purchasing a villa in Lisbon or a country estate in Melides or are looking for a sea-view villa along the Alentejo Coast in Comporta, you can count on us to find the perfect property for you. Our team can even help you find the perfect plot of land to build your ideal home.
There’s no better time than now to start your search for real estate in Portugal. Call us today at +351 92 777 1776 and bem-vindo a casa!
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