Buying a Property in Portugal
Moshe Strugano Attorney //
Portugal, with its sunny landscapes, rich cultural heritage and thriving economy, has emerged as a prime destination for real estate investment. Many investors from around the world in general and from Israel in particular are increasingly turning their attention to this Iberian pearl, which has an attractive and profitable real estate market. In this article, we will examine the many benefits associated with investing in real estate in Portugal.
- Golden Visa Program:
One of the most prominent advantages for investors in Portugal is the Golden Visa program. This initiative allows non-EU citizens to obtain residency by making appropriate investments, such as purchasing real estate. This program not only opens doors to life in one of Europe's most vibrant countries but also serves as a gateway to the wider European market.
- Stable real estate market:
Portugal has demonstrated resilience in its real estate market, even during the global economic downturn. The country's commitment to fiscal responsibility and economic reforms has fostered a stable environment for investors. Over the past decade, Portugal has experienced steady growth in property values, making it an attractive option for those seeking long-term appreciation and stability. in their investments.
- Tourist boom:
Portugal's popularity as a tourist destination has soared in recent years, and this trend shows no signs of slowing down. The country's picturesque landscapes, historical sites and warm hospitality attract millions of visitors every year. This surge in tourism contributes to a strong short-term rental market, offering investors an opportunity for consistent rental income. Cities such as Lisbon and Porto, in particular, have seen an increase in demand for holiday home and apartment rentals, creating a lucrative market for property investors.
- Reasonable price and variety:
Compared to many other European countries, Portugal offers relatively cheap real estate options. Whether you are interested in a charming apartment in the heart of Lisbon, a historic villa in Porto, or a beachfront property in the Algarve region, the country provides a wide variety of investment opportunities to suit different preferences and budgets.
Investing in real estate in Portugal is not just a financial decision; it's an opportunity to immerse yourself in the charm and beauty of a growing nation. The combination of a stable market, enticing incentives, and the Golden Visa program position Portugal as a prime candidate for experienced investors seeking both financial returns and a desirable lifestyle. As the country continues To flourish, whoever invests in its real estate is expected to reap the rewards of this captivating and financially stable European gem.
We at Strugano & Co. offer a package of services to accompany foreign and Israeli customers on their journey to the Portuguese market. Among these services can be found assistance in obtaining a Portuguese NIF (Número de Identificação Fiscal), a basic and crucial step for any investor engaged in financial transactions in the country.
Thie article was written by Attornies Moshe Strugano & Alia Nassar from Strugano & Co Law firm