Reasons to buy property in Portugal

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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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