Monthly Archives: January 2014

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Portuguese companies seen as solid partners of internationalization

Despite current investor sentiment over what some consider to be peripheral European economies, such as Portugal, Portuguese corporates have attracted a significant interest from international investors, who value their strong focus on business and geographical risk diversification as a way to expand from the currently limited Portuguese internal consumption market.

Guincho Beach Cascais

A significant number of Portuguese companies in sectors such as utilities, renewable energies, oil and gas, construction and retail, among others, have been able to create growth strategies and equity stories sustained on the internationalisation of their activities, not only to booming Portuguese-speaking economies like Brazil, Angola and Mozambique, where historical and cultural affinities play a relevant role, but also to high-growth emerging markets in Latin America and Eastern Europe (e.g. Colombia, Peru and Poland).

Although more selective during uncertain times, investors, constantly looking for companies with attractive equity and value-creation prospects, are increasingly seeing investment in Portuguese companies as a preferred way to gain access to emerging markets with considerable growth potential, and also as a means to diversify their investment portfolios. International investors increasingly recognise the growth potential deriving from the exposure of Portuguese companies to high-growth emerging countries in Latin America and Africa.

Portugal is a solid and reliable country to leverage your investment. From investment in international companies to property investment; NOW is the time to step in at the Portuguese market. Property prices are over 40% down and have started to pickup thanks to foreign investment and the golden visa programme.

Marinha Guincho has a perfect geographic location. The estate has views of the atlantic ocean, is located in the middle of the  Cascais Sintra natural park and only a 10 minute drive from Cascais. It’s 30 minutes from lisbon airport and Lisbon.

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Portuguese properties popular with foreign investors

The Portuguese government introduced a Golden Visa for foreign investors. Buyers from China, Russia, the Middle East and elsewhere who spent at least 500,000 euros on property, get a permit that lets them travel freely within Europe’s 26-country Schengen zone without restriction.

The incentives, along with depressed housing prices, are showing the first signs of nibbling at the huge market glut of 3 million empty homes on the Iberian peninsula.

The Portuguese government said last week that 318 permits had been issued since the programme began a year ago, bringing in 200 million euros in investment – most of it in residential property in the last few months – and expected it to reach more than 300 million euros by December. That would exceed an estimated 250 million euros invested in all real estate in Portugal last year according to Cushman&Wakefield consultants.

There’s a growing interest in the golden visa programme, and a lot more of it materialising in actual deals. Last month Marinha Guincho sold a large residential property in Cascais to a private Chinese investor seeking the permit.

cascais

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Reasons to buy property in Portugal

Portugal has changed the laws for foreign nationals to stay in Portugal. Non-EU citizens can now obtain a Portuguese residence permit if they acquire real estate with a value of 500.000 Euros or more. The permits are known as Golden Visas.

  1. Like any other holder of a residence permit in Portugal, persons with a golden visa may travel around the Schengen Area.

  1. It has a population of 10.6 million with a population density of 115 inhabitants per sqm. Lisbon is the capital of Portugal and its largest city with around 480,000 inhabitants (2 million in Greater Lisbon).

  1. Portugal is an excellent place in which to live, invest and do business. Its skilled human resources, world-class infrastructure, business- friendly environment and easy access to markets are several factors which have contributed to a continuous flow of new investments into industry, tourism, commerce and services.

  2. Portugal is a democracy and is politically stable. Its sovereign bodies are the President of the Republic, Assembly of the Republic, Government and the Courts. The current President of the Republic, elected for a 5 year term, is Aníbal Cavaco Silva.

  1. Portugal has been a member of the European Union since 1986 and was a founding member of NATO in 1949. It has been a member of the United Nations since 1955.

  1. TripAdvisor has ranked Lisbon as one of the world’s top cities with best value for money. The 2012 Cities Survey, which looked at how locals and travellers view 40 key cities around the world, also ranked Lisbon as the friendliest city in Europe

  1. Rental yield on average still remains one of the highest in Europe.

  1. 2012 Natwest Bank Quality of Life Index ranks Portugal 2nd in Europe (after France).

  1. The combination of hot summers cooled by the Atlantic breezes and warm winter days make the climate unbeatable.

  2. The property market in Portugal is highly developed. It has a high relative quality of supply in all sectors, on a par with the larger core European markets, dynamic demand and a considerable presence of foreign occupiers. The market is highly transparent, with various international consultants providing information on all commercial property sectors. There is also a strong international contingent of developers and investors and many of the main European investment houses have assets in the country.

  3. Tourism is, undoubtedly one of Portugal’s main sectors of economic activity and is unanimously considered to be a strategic, priority area. It makes a significant contribution in securing external revenue, to cover the external trade deficit and in generating employment.

  4. Investing in property overseas will allow you to benefit from property prices that have reached an all time low due to the recent economic crisis in Europe. Property prices in Portugal (and the rest of Europe) have dropped up to 40%, and the real estate market in Portugal has only recently seen a slight recovery.

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