The real estate market in Portugal is on the up-and-up, there seems to be quite a few reasons behind the increased interest of investors; to accommodate for the growth, Algarve-based, international award winning real estate company, Ideal Homes in Portugal, is also going through a phase of expansion.
The company recently announced the opening of a new office in Portugal’s capital and the city that attracts the most tourists in the country – Lisbon. As a sharp-minded businessman, the founder of Ideal Homes, Chris White, believes that Portugal’s Golden Visa is one of the top reasons why investors are so keen about Portuguese real estate.
Having served the local real estate market for almost a decade, Chris has a keen insight of how Portugal and its property market has evolved, shaping itself to become one of the most desirable locations for investment for the local and international investors. Over the span of the last few years, Portuguese real estate investments have successfully surpassed €2.9bn and are benefiting from more than 5,000 investors. This proves that the new policies established by the government are having the right impact.
Economists believe that the increase of interest from the investors is due, in part, to the Portuguese real estate funds (including buildings, shares of real estate companies and units/shares of other real estate funds) which are highly desirable due to the structure for tax optimisation, with the 10% income tax requirement and numerous opportunities for small investors.
Another point of significance is the Golden Visa Programme, introduced in 2012, which has drawn a lot of attention from the non-EU citizens as it allows them to obtain a residency permit by investing €350,000 ($414,000) or more, into real estate and fulfilling the requirement of minimum stay of just seven days per year.
The Golden Visa was another successful policy by the government that is coming to fruition today in the Portugal Property Market 2018. Of course, rich culture and history, along with Portugal’s natural and architectural beauty has been drawing in tourists from around the world, it is natural that many of them would love to be a part of Portugal’s prosperity as well as economic growth, and real estate seems to be the most rewarding investment.
Ideal Homes is an Algarve-based real estate agency to the local and international property investors. The award winning real estate firm possess a keen sense of what the house buyers and investors of today need, combined with an incomparable insight and knowledge of the Portuguese real estate market, allowing them to deliver top quality services that has made Ideal Homes the top choice of hundreds of clients.
Email: enquiries@idealhomesportugal.com
Website: http://www.idealhomesportugal.com/
The new office is at
Calçada das Lajes, 10
1900 - 312 Lisbon
Free Phonenumber:
0800 133 7644
Email:
enquiries@idealhomesportugal.com
