Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations, with a high quality of life and a very high Human Development Index ranking. It is among the oldest nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.
The real estate market in Portugal experienced a significant increase in demand from 2000–2008, which led to developers working hard to meet the demand. However, with the global financial crisis of 2008, demand for real estate decreased, leaving many newly built properties available. Prices decreased and a strong opportunity for value was created and still exists as the market corrects itself.
Our research indicates that the most desirable areas are:
These areas offer buyers various features and value for money:
The interest from foreign buyers in these areas has increased exponentially since the Portugal Golden Residence Permit Program was launched in 2012. With the influx of foreign owners to these areas, the real estate values in Portugal are increasing. This increase also leads to a higher quality of design and build of planned communities, which in turn attracts further long-term value.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
