Portugal is comfortable and hospitable for foreigners. Located far from the center of Europe, a friend friendly to guests creates convenient conditions for integration into its cultural space. Unlike neighboring Spain, there is a very calm rhythm of life and few criminal incidents. The farthest West of Europe is convenient from the point of view of real estate investment.
With comparable quality of construction, new real estate in Portugal today is 20 percent cheaper than in neighboring Spain. This happened as a result of the crisis. The fact is that in the Spanish market there was a significant fall in the sector of elite real estate, too, and in Portuguese only stagnation and stabilization of prices. In the 5 -year crisis in the Spanish market, there were crazy growth rates up to 25 percent per year, and in Portugal the growth was within 10 percent, so there was no serious subsidence
The undoubted competitive advantages of this country include the cooler climate compared to Spain, high -quality cheap foods, and sea beaches surrounded by pine forests. In social terms, an important is a relatively soft tax policy focused on a foreign investor. There are no restrictions on the purchase of residential and commercial real estate and opening business by foreigners by foreigners. An investor who has a business or real estate here, paying local taxes, can count on a residence permit.
Popular regions
Our compatriots believe that the most popular housing, of course in the capital and the surroundings. Near Lisbon, the Lisbon Riviera with fashionable resort villages spread out. Another large city – to the port.
In the very south of Portugal, on the border with Spain, there is an elite resort area of Algarve. Wealthy foreigners prefer to settle here.
Algarve is a very attractive zone for investors. There is everything for an active rest of wealthy people: riding riding, golf clubs, traveling on boats and yachts with sports fishing, water sports. There are more calm beaches for lovers of quiet resort recreation.
Portuguese real estate was “open” by Russian buyers about 5 years ago. But the mass influx of investors is not yet observed. Among the potential buyers, more than half look at Portugal as a country for moving to permanent residence, as far as possible from a common unstable Russian life, Gary and traffic jams on the roads. And up to 15 percent of buyers consider local real estate as a tool for extracting a stable rental income.
