property - why Portugal?
“The truth is that neither the pandemic (which has changed the criteria of home demand), nor the war in Ukraine - which is reducing purchasing power and is rising interest on housing credit - have cooled the interest of foreigners in buying a home in Portugal, from various parts of the globe.” (Idealista, Feb 2023)
For incoming property buyers, lifestyle, price, safety and stability are major factors, alongside Portugal’s enviable climate.
There is an increasing demand for village and countryside properties as people within the country move from cities and incoming foreign buyers seek countryside locations for reasons of lifestyle and price.
WHY THE CENTRAL REGION?
The central region, located half way between Lisbon and Porto and stretching to the Spanish border, shows the optimal economic conditions for the Company’s operations - suitable properties are available for purchase and development and demand is increasing. People buy here because of value for money property pricing and healthy lifestyle opportunities.
TAX AWARE BUYERS
Tax breaks available to incoming foreigners and returning Portuguese nationals already have boosted property sales. Nomad Visa, D2 and D7 visa schemes and the Non-habitually Resident (NHR) programme have put Portugal on the map for qualifying, tax-sensitive buyers. There are specific Government incentives within Portugal to encourage people to relocate to rural areas.
Property outside Lisbon, Porto and the Algarve can be notably inexpensive when compared to northern and many southern European nations.
WHY DO PEOPLE BUY IN PORTUGAL?
The success of Portugal as a property investment destination has been boosted by the government’s long-term and positive approach towards international buyers, Portugal’s recognition as a secure location and the country’s strong membership within the EU. This, combined with the outstanding natural beauty of its rural interior regions, makes Portugal a highly desirable and safe environment.
Photo by José Bidarra