Buying property in Portugal
Portugal’s political stability, low rate of corporation tax, not to mention its tax breaks, all point towards it being a very appealing investment opportunity.
Portugal’s inclusion into the EU has also boosted its economy, clearly seen in the property market and the fact that it has become one of the most popular destinations for investors in international real estate.
It has a large coastline on the west of the Atlantic Ocean, with beautiful sandy beaches and clear refreshing water which is a real pull for tourists. There is a growing demand for more holiday homes and luxury resorts, not to mention those looking to find somewhere to retire.
You can get to Portugal by plane from almost anywhere so it is extremely accessible. Its ports, too, have sent off some of the world’s most famous explorers such as Vasco da Gama, and many of the big cruise lines stop at Portugal. Portugal’s history is full of many European and Mediterranean cultures.
Its temperate climate makes it sunny for most of the year which is a welcome relief for those living through the cold winters in Northern Europe. Even if you don’t want to live there full time, and only use your property in the holidays, you can easily generate income by renting it out through a Portuguese travel agent. This is also useful for making sure the house stays in good condition, as any deterioration can be dealt with quickly.
There is a wide range of areas to choose from for your investment – from the well known, ever popular Algarve on the South coast (one of the more popular tourist hotspots), to the silver coast of Lisbon and the more rural areas in Central Portugal – there really is something to suit all tastes and all budgets.