It may be the perfect time to invest in Portugal real estate markets. The country is beautiful and has many opportunities for first-time buyers and for investors.
Portugal is a very attractive location for the British. For those looking to buy a property overseas, Portugal does seem ideal with their constant conditions improving making it a ‘gem’ to invest in. The country is made of idyllic golf courses, restaurants and an abundance of beaches. There are vineyards scattered across Portugal too and the culture is breathtaking, especially in Porto, Lisbon and the north of Portugal.
UK nationals have some great advantages when making the decision to buy a property in Portugal. They can benefit from ‘non-habitual residence’ tax rules while living in Portugal for ten years. This is very exclusive and unique to Portugal and it is definitely working in their favour. Introducing policies like this can really take a country’s property market to the next level.
Industry experts have predicted that prices in Portugal will rise by 4% in 2017 and this comes after their prices increasing by over 7% in 2016. This will mean that the Portuguese property market will become very valuable. Investors who decide to place their money down and invest in Portugal real estate will see high profits almost immediately.
If you are thinking of investing in their property market then stay up to date with current property news and learn about the consequences of Brexit. It actually doesn’t seem that a lot of harmful consequences will stem from Brexit, if anything, investing in other countries abroad has become a trendy, popular thing. It is a good time to invest in property – expand your wings and see what properties are out there on the market. Your dream home, a piece of land or property market business project is at your disposal, all you have to do is pursue it by taking action!
Written by Gemma Smith