News
The Portuguese Dream: Why have foreign investors fallen in love with real-estate investments in the country?
The tourism boom, the flourishing of the technology sectors, and the affordable prices: real estate investors from around the world, have plenty of reasons to gravitate towards Portugal. The demand for properties in cities like Porto exceeds the limited supply, significantly contributing to the continuous rise in prices.
Portugal Granted 64 New Golden Visas Last Month, 42 for Real Estate Investments
A total of 64 golden visas were issued by authorities in Portugal last month, 42 of which were for the acquisition of real estate.The Golden Visa Program dedicated to wealthy foreign investors brought over €493 million for a period from January until August this year, or 24 per cent more than those registered in the same period last year.
Portugal Golden Visa Benefits: Why You Should Consider It
One of the main attractions of having a golden visa in Europe is the possibility of benefiting from a favorable tax regime in Portugal. Portugal offers tax incentives and exemptions for foreign residents and investors who qualify as non-habitual residents.
Portugal popular for autumn bookings
For the autumn holidays, the forecast remains very positive, according to Sunweb, with an expected 50% increase in sales compared to last year for the first week, and 100% growth for the second week. The preferred destinations in terms of bookings are Zakynthos, Crete, Mallorca, Egypt (Hurghada) and Portugal.
Top Locations to Purchase Real Estate in Europe for 2023
Porto’s real estate market has seen significant growth due to Portugal’s Golden Visa program. The city offers a blend of modern luxury and historical charm. Renowned for its port wine, cobbled streets, and scenic riverside, Porto offers a relaxed, bohemian vibe. With ongoing urban regeneration projects and the rise of short-term rental opportunities, investors can expect a solid rental ROI between 4% and 6%.
A country popular with digital nomads may soon scrap visas allowing citizenship rights
Portugal has been a frontrunner in attracting high net worth foreigners to the country’s pristine beaches, beautiful architecture, and quaint small towns. In 2022, for example, Portugal recorded an inflow of 1,300 millionaires, Henley & Partners and New World Wealth reported.
Rent of rooms for students rises 10.5% in year
The average price of rooms and flats for students to rent has risen by 10.5% in the last year, to well over €400 a month in Lisbon and Porto. renting a room in Porto costs an average of €425 per month and in Lisbon €450.
Retail real estate investment grows
Retail sales in Portugal grew by 3.1%, year-on-year, in May 2023, representing an increase of 0.6 p.p. compared to April 2023 (2.5%). The Food Products segment recorded an increase of 2.8%, while Non-Food Products increased by 3.2%.
Commercial real estate investment up by 18%
A report from The Portugal News sheds light on a compelling trend in the realm of real estate investment. According to the report, commercial real estate investment is experiencing a significant upsurge, encompassing various sectors and regions, having increased by 18% through June. This underscores a positive trajectory of commercial real estate investments, offering a glimpse into the evolving landscape of opportunities for investors.
