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8 Reasons why Portugal continues to be a great destination for real estate investment ...

Atualizado: 9 de dez. de 2020

1 - In the last five years, the property market in Portugal has experienced an intense recovery in real estate transactions and an increase in house prices, with an increase of approximately 40% since 2013. This increase in house prices is the result of a low supply of real estate inventory and a significant increase in demand.

2 - Economic growth and quality of life are some of the factors that are giving Portugal greater visibility as an international destination for workers, students, promoters and investors.

3 - Less limitations compared to Covid-19. The health and economic crisis caused by the pandemic has also affected the country, although management since the beginning of the COVID-19 crisis has made it possible to contain the crisis. In addition, real estate projects in Portugal were only interrupted for 15 days, which meant that the completion dates of the works were not much affected.

4 - The entry of foreign investors through the adoption of tax measures such as (NHR status) and the granting of residence permits (Golden Visa), as well as the rapid growth of tourism activity in recent years, has played a fundamental role in the revitalization of the Portuguese property market.

5 - The country's tax incentives for urban renewal, stable investment regimes, following the latest reform of the lease law, as well as the vast supply of buildings in need of renovation and the strong demand from both domestic and foreign buyers, provide a roadmap for the real estate market in the coming years. Lisbon and Porto are experiencing a real urban transformation of the center and the most privileged areas, welcoming new companies, thanks to the impulse of tourism and the economic stability of the country.

6 - In addition, the recent creation of SIGI, a figure similar to the Spanish SOCIMI, opens a new path for large investors. This company invests in properties for renting offices, houses, hotels or spaces dedicated to commerce or logistics, with juicy tax advantages, improving the SOCIMI regime, since they offer a 10% dividend tax to non-resident shareholders, in compared to 19% for their Spanish counterparts.

7 - Good weather, political stability, and the improvement of economic indicators in recent years are encouraging foreign investment in recent years. In the real estate sector alone, it reached 3 billion euros in 2019.

8 - Lisbon was considered the most attractive city to invest in 2019, according to the Emerging Trends in Real Estate Europe 2019 study, carried out by the consulting company PwC, placing it ahead of cities like Paris, London or Berlin for investors in Real Estate. Despite this reason, it should be noted that Lisbon, in 2020, dropped to 10th position, in 2021 it is out of the Top 10 list of the Emerging Trends in Real Estate®: Europe 2021, carried out by PwC and the Urban Land Institute.

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