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Real Estate Investments and Tourism in Portugal are booming

Real Estate Investments and Tourism in Portugal are booming

The sunny sky, well-known restaurants, a glorious history, and a multitude of monuments are helping to attract foreign investors into Portugal.

Investments in real estate market in Portugal is now skyrocketing. The demand for investment in properties is mirroring the surge in tourists visiting Portugal. The sunny weather and many world-known restaurants and beach experiences, along with a multitude of historical monuments and a magnificent history, are helping to create a vibe of excitement in the country.

Portugal is proud to be one of the safest countries in the world and one of the best-rated in terms of the hospitality on offer. The Portuguese, having famously travelled the world in the 15th century and interacted with all types of cultures, are used to living in a cosmopolitan environment.

Investment in Portuguese real estate has surpassed $3.8 billion (€3.1bn), with more than 4,000 investors already collecting the benefits.

The real estate numbers looks very impressive. You can expect capital gains of at least10 percent a year in Lisbon, while it is easy to get returns of rental activity of more than five percent per year, making this the perfect environment in which to invest capital.

These numbers are expected to rise further, as tourism in 2018 is thought to have flourished by more than 10 percent from the previous year. This indicates how attractive Portugal has become as a destination. In 2017, Portugal won awards in several categories at the World Travel Awards: it was voted the best beach destination in Europe, in addition to the region’s leading destination. As tourism continues to grow, so will investment. In fact, the opportunity for foreign investment is considerable, particularly as local players are not able to meet market demand.

Tourism plays a significant role in the economy of Portugal. In fact, the ability to convert any residential property into a short-rental apartment enables the country to quickly increase its hosting capacity.

Moreover The Golden Visa Programme, helps to further boost the volume of foreign capital investment in the real estate market, while also enabling the renovation of city centers to make them more attractive.

Investment Opportunities in Portugal!

The property market in Portugal is highly developed, has a high quality of supply in all sectors and a considerable presence of foreign occupiers. Foreigners have accounted for some 80% of commercial property investments in recent years, and as many as one of five of the residential properties sold.

For more information you can contact us, we will find you the best property to invest or to live and retire overseas today. Should you have any question, please feel free to contact us immediately.

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