Delightful climate, beautiful seashores, and affable neighborhoods – Portugal has it all when it comes to attracting expats. Considered as Western Europe’s most dynamic real estate market, investing in Portugal property, especially luxury real estate, is doubtlessly a hot investment.
However, many questions must be popping up in your mind before investing. Let’s make it easier for you – here are some useful information about the property market in Portugal!
The answer is YES.
Foreigners can easily buy a house in Portugal, whereas the Portuguese government even encourages foreign investors with their impressive Golden Visa program. Those who are not European citizens investing in property worth a certain value, can be eligible for a Golden Visa residence permit in Portugal.
With this Golden Visa, they can live, work, and study in Portugal, and can even travel freely in the Schengen area. Moreover, this visa can make them permanent residences of Portugal in five years.
2. So, why choose Portugal for property investment?
Apart from getting permanent citizenship, other reasons for buying a property in Portugal are–
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If you are deciding to invest in Portugal, the first thing you need know are the restrictions to buy or own property as a foreigner. Well, you can throw away all your worries, because there are NO restrictions at all!
Portugal’s real estate sector is well developed, and you can buy a property in whatever place in the country you want. Many foreigners have settled here and are living a peaceful, standard life in serenity.
Although there are no restrictions, you still need to fulfill some requirements:
Expats are catching on since Portugal’s property market is increasingly flourishing as time passes by. Despite the ongoing COVID-19 pandemic, the year 2020 has witnessed a rise in terms of real estate transactions.
Therefore, buying a luxury real estate in Portugal might just become the most successful investment of your life!
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