Portuguese Real Estate Market
Hit hard by the European banking crisis and the contraction of access to credit, Portuguese real estate market has experienced large declines, a lesser extent than its neighbor Spain. During the bubble of 2006, prices have indeed reached extreme height in Spain, which has never been the case in Portugal confirming a safer and more stable real estate market in Portugal.
Hit hard by the European banking crisis and the contraction of access to credit, Portuguese real estate market has experienced large declines, a lesser extent than its neighbor Spain. During the bubble of 2006, prices have indeed reached extreme height in Spain, which has never been the case in Portugal confirming a safer and more stable real estate market in Portugal.
Now there are more than 700,000 properties for sale in Portugal market, offered by private owners, banks, real estate companies or agencies, and different funds, thus contributing to a very deep and liquid real estate market.
10 Advantages Investing Portuguese Real Estate
- High quality of the architectures recognised internationally;
- Low price: Portugal is more than 7 times cheaper than UK;
- Freehold ownership;
- Tax efficiency when transferring to next generation;
- Rental market with an annual yield of around 4 to 6%;
- Asset appreciation;
- Diversity of supply and landscape, like villas in seaside, countryside, city center and golf resort etc;
- Undervalued luxury vacation houses with sea views or golf ground;
- Opportunity to invest in commercial properties (vineyard, commercial building, warehouses, hotel, restaurant and farm);
- Invest in off-plan property with lower price and design your own dream house.
Rental Market
It is today ranked among the most attractive in Europe with a profitability in the medium term much higher than that of other countries. According to the Global Property Guide, the rental cost is 7 times lower than some European countries. Since the crisis, many Portuguese families have found it impossible to become owners and can no longer buy real estate due to restricted access to bank loans, this boosted a rental market.
