Buying property investment in Portugal

Buying property investment in Portugal is not all about capital returns and higher dividend yields: the real estate market has much more to offer.

Portugal has the 6th strongest passport in the World (providing visa-free travel to most countries). The country is a member of the EU and places no restrictions on foreign investment in property.

Most importantly, it offers a 5-year residency permit for non-EU citizens with the option to apply for permanent citizenship after that period. This policy also places it in 6th position worldwide in the so-called ‘Golden Visa program’ rankings.

Spain, by comparison, offers only a 2-year residency permit, so the age-old ‘Spain or Portugal?’ question seems to be strongly answered in favor of property investment in Portugal.

Property taxes in Portugal

As for the property tax in Portugal, in 2017 the country introduced a ‘Wealth Tax’ of 1% on property investment in Portugal for real estate valued over €1m. But due to personal allowances afforded to individuals and couples, along with the abolition of domestic Stamp Duty, it has had little effect on the demand for premium property.

Best places in Portugal to invest in real estate

Algarve PropertyConsidering lifestyle, the Algarve region is famous for its beautiful weather and fantastic golf resorts. This is where luxury meets lifestyle meets investment. But Portugal’s Silver Coast in the North is also a popular destination among real estate buyers. The area stretching from Ericeira (a 1-hour drive from Lisbon) to Nazare is well-known for its unique landscapes and the steady stream of tourists.

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