Why is Portugal so Popular with Property Purchasers?
Portugal is an evergreen, timeless and
unshakeable market particularly with British buyers. One doesn’t actually have to look too far to find Portugal’s appeal –
it lies in the nation’s charm, its beauty, the people, the cuisine,
laid back lifestyle and excellent quality of life available…and the
purchasers who are actually buying property in Portugal
are on the whole ‘lifestyle buyers’ or ‘lifestyle consumers.’
Portugal is more popular with those seeking a home, second home or
retirement property abroad rather than those simply looking for real
estate assets for investment purposes.
Gaily painted boats in fishing ports gracefully bob up and down.
Sparkling white-washed houses with distinctive Moorish chimneys are
dotted everywhere. In spring the entire region is carpeted with white
almond blossom. The Algarve has something to offer everyone, tempting golf courses on
which international tournaments are played, superb tennis and riding,
and every watersport you can think of. There’s an excellent choice of
holiday apartments and villas, and hotels which also provide first-rate
business and conference facilities.
Portugal is an incredibly popular tourist destination, in fact it is
always in the top 20 most visited locations in the world – and yet its
property market often fails to hit the headlines as it is not an
emerging market returning record if unsustainable returns, nor is it
one of the most expensive markets in Europe that speculative comment
can hone in on as likely to implode any time soon!
If you’re looking for a market with sustainable and strong demand where
there are a series of excellent fundamentals upon which a purchase and
investment decision can be made, here are ten reasons to buy property
in Portugal.
Is Property in the Algarve Still a Worthwhile Investment?
Prior to this change of law it was possible for non-Portuguese
purchasers to buy investment property in Portugal via an offshore
company and save themselves thousands in tax.
However, this does not appear to have been the case. The property
market across Portugal is still strong and in particular, the market in
the Algarve region is riding high with property purchase.
So it does seem that those interested in buying a second home in the
sun or looking for a property investment opportunity further a field
are still turning their attention to Portugal.
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