Prices of real estate for sale in Portugal are quite affordable compared to other European countries. Portugal has a unique location and is the most popular tourist resort in Europe. The country is located in the westernmost part of the European continent and is surrounded by the Atlantic Ocean. There are many reasons to invest in the Portuguese property market. First, the country is in the top 5 European countries with a high standard of living. Secondly, Portugal is a beautiful resort paradise, where the sun shines almost all year round. The country has a thousand-year historical heritage that annually attracts millions of tourists from all over the world. Further, Portugal has a long coastal line with an ocean with superb beaches and marinas along the coast. And the last is security. Portugal has one of the lowest crime rates in Europe.
Investment advantages in Portugal
Apartments for sale in Portugal offer important benefits to those who buy them. At the same time, affordable real estate prices and short payback periods are perhaps the main advantages. Portugal is one of the most important tourist destinations in the world. The country is ahead of many countries in terms of rising property values in the medium and long term. Portugal has characteristics equivalent to the most valuable regions of Europe, but allows you to buy real estate at more affordable prices. The law protects the natural appearance of cities and limits the density of buildings. This fact makes it worthwhile to own property. It is also worth noting that Portuguese legislation provides various benefits and advantages for foreign investors. Including investors being given the opportunity to rent their own housing to tourists, receiving a regular income.
Luxury real estate in Portugal
Luxury real estate in Portugal is usually located in coastal areas and urban centers. The fact that more than 10% of the country’s total income comes from tourism has a positive effect on the property market in Portugal. Today, a luxury house in Germany is worth 1.5-2 million euros. And in Portugal, a luxury house with much more comfortable characteristics can be bought almost half cheaper, about 450-750 thousand euros. The right to property, which the law strictly protects, allows you to buy and sell real estate without fear of scammers.
Luxury Apartments for Sale in Portugal
Luxury apartments for sale in Portugal, you can choose and buy for investment purposes in large cities such as Lisbon, and in the resort. On the luxury real estate market prices for apartments range from 750 thousand to 1.5 million euros. The most popular cities and regions with luxury apartments are:
Portugal has long received an unofficial name as European Miami. The country is one of the safest countries in Europe and attracts the attention of all investors who want to make safe and profitable investments.
Property for sale in Portugal
Property for sale in Portugal is characterized by a high level of comfort. The location plays a huge role here. So, the presence of the most beautiful beaches in the world and convenient travel options makes the property market in Portugal especially attractive. Political stability, low property taxes, the benefits of economic life are obvious to those who want to invest and serve as a weighty reason for choosing this path.
Prices for apartments for sale in Portugal vary depending on location. In 2018, the prices for 1 square meter in the city center are 1,750 euros. 1 square meter of housing in an apartment outside the city – 1,150 euros.