For those of you who are interested in investing in property in Portugal, we hope you find this blog post informative and useful when making that big decision. Whether you’re considering an apartment in bustling Lisbon or a seaside retreat in a coastal villa, the team here at Invest Property Chic has a wealth of luxury properties for you to choose from.
Portugal has long been a haven for those of us who appreciate the warmer climate and a more laid-back pace of life, however, in recent years it has also been the number one spot for commercial investment in Europe. With affordable pricing and a stable economy, you really could not ask for more from an investment.
Post-pandemic, Portugal truly showed us that even with the world at a standstill, the country still prospered and grew throughout. This in part is due to the Golden Visa Programme, which offers property investors the opportunity to become a resident and apply for citizenship after just 5 years.
Portugal Property Market
Let’s take a look at the history of the Portuguese Property Market over the past 10-15 years.
Prior to the financial crash in late 2008, the property market in Portugal was doing incredibly well, growing month on month. When the inevitable crash happened, property prices right across Europe plummeted, and Portugal was no exception.
However, over the following 6 years, the Portuguese property market grew slowly and consistently, with superb investment from the government and a renewed interest driven by careful infrastructure planning and a focus on longevity.
Fast-forward to 2014, and the Portuguese real estate market was now growing – in part driven by the uncertainty of Brexit and investors from the United States looking for affordable European investments that could show a measurable return on investment.
Prices have risen year on year since this growth started to take hold and the Portuguese property market is now one of the most stable in the world. Taking into account that the Pandemic should have knocked the Portuguese property market to some degree, it has become clear that it did not impact the real estate market in this region. In fact, we see prices continuing to rise and returns on investment seeing strong results.
Buying Real Estate in Portugal
If you are considering investing in property in Portugal, the team here at Invest Property Chic would love to hear from you. We can assist with the following:
- Provide you with a range of property options that are ideal for investment.
- Assist with the Golden Visa application process.
- Advise on any other costs associated with your purchase, e.g. IMI, IMT and stamp duty.
- Applying for a Portuguese tax number (required for buying property).
- Referrals to the best mortgage experts and legal advisors available.
Please feel free to browse through the current Portuguese properties we have available and reach out to us with any particular requirements you may have. The Portuguese government welcomes foreign investments and has put in place a number of incentives to encourage you to make this all-important step. At Invest Property Chic, we have been selling Portuguese homes and investment properties for over 20 years and can provide you with all the information and resources you need to secure a sound investment that can be enjoyed for generations.