When looking for a luxury property in Portugal, there are a few things that you should know about. Where are the best places, neighborhoods, house specs, and especially, why in Portugal?
This is a country with an incredible coastline, friendly people, awesome food, and good weather. Also is super affordable, one of the most affordable in Europe, in fact. Plenty of reasons to relocate, right?
Buying a property in Portugal and the Golden Visa
75% of the population is homeowners, which is higher than most countries. For instance 10% higher than US or UK population. A large number of that owners are foreigners, retirees, ex-pat professionals, or even digital nomads, who choose to invest in a second property in Portugal.
One of the most encouraging things is the facility you might have while buying a luxury property is that there are no restrictions for foreigners, in fact, the Portuguese Government has a program to promote foreign investment in the country – the Golden Visa Program.
The process is also really simple and you’ll need just a few documents, such as:
- Photo ID
- Contract
- Property’s energy certificate
- Stamp payment
- Land register
You might also need a Portuguese tax number and a notary witness.
Lisbon and Cascais real estate
Lisbon has half a million residents, small but really charming. The price range starts at 5k $ square ft but of course, it totally depends on the property that you are looking for. Later in this article, we’ll share some useful links where you can find some of them.
A city with many tech companies and startups, business from all over the world, such as Mercedes or Volkswagen, have their own hubs in Lisbon, which makes it an international economic hub, and at the same time the real estate market really hot. Neighborhoods such as Lapa, Baixa Chiado, Avenidas Novas, São Sebastião, and the famous Avenida da Liberdade, are some of the best to choose, though prices are getting higher and higher. Though this seems to be a problem for many buyers and investors.
Algarve real estate, beachfront luxury real estate
Many foreigns choose to invest in the Algarve region, which is totally understandable. Small beach paradises with super-competitive pricing? Why not?
For those who tend to have a calm way of living, with the family or on your own, Algarve luxury properties are located on the worldly-known Golden Coast. An extensive choice of villas and luxury houses all with ocean views. Places like Lagos, Vilamoura, Tavira, Albufeira or Portimão are always safe choices.
This is also one of the regions that benefit from the Portugal Golden Visa Program.
Portugal real estate for sale and some references
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