Lisbon is rapidly becoming popular among investors from all around the globe, and, for a good reason. Experts at Tranio have selected the top-5 reasons for this.
Tranio analysts investigate how
Property maintenance in Portugal is cheaper than in countries like the UK and USA. For example, it costs about €2,000 per year to maintain an apartment in Lisbon and about €4,000 for a three-bedroom villa in Faro.
Buying property in Portugal is relatively simple as the country has an open attitude to foreign buyers in the form of a preferential tax regime, Golden Visa programme and no restrictions what the type of property a non-resident can buy.
Portugal has an attractive tax system. Taxes are generally lower than in other European countries and there is an exceptional tax regime for certain tax residents that considerably reduces expenses associated with business and other activities.
Foreign nationals are able to obtain mortgage loans to buy real estate in Portugal on favourable terms. The lowest interest rates are less than 3%, and local banks issue loans for both newly-built and existing property.
Entry, departure and stays in Portugal are governed by the Law on immigration (Decreto-Lei n.240/2012). Portugal also has a “Golden Residence Permit” programme which allows foreign investors to obtain a residence permit and citizenship.
There are two popular regions in Portugal: Estremadura (including Lisbon) and the Algarve. Lisbon, the capital, is the country’s business and cultural centre so real estate is in high demand. On the other hand, popular summer destinations are found along the Lisbon Riviera on the Atlantic coast, like the towns of Estoril, Cascaes, Caparica, Sesimbra and Carcavelos.
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