This webinar delved into Portugal's real estate market and how it is continuing to thrive and attracting the wealthy who are seeking top-end properties. Watch our recording of the webinar below to learn more about the growing demand for Portuguese luxury properties.
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Portugal has become a haven for affluent international investors and expats due to its favourable climate, low cost of living, stable economy, safety, and attractive residency options.
The country boasts several thriving real estate hotspots, including Lisbon, Porto, the Algarve region, and the Silver Coast, offering a diverse range of high-end properties to choose from.
Portugal also offers a host of financial advantages, making it an attractive investment destination. In 2024, the Portuguese government will introduce a new Incentivized Tax Scheme (ITS) to replace the Non-Habitual Residency (NHR) tax scheme, complementing the existing D7, D2, D8, and Golden Visa programs.
This webinar delved into the intricacies of Portugal's property market, featuring expert panellists who provided invaluable insights into real estate investments in the country.
According to a recent report by Property Market Index, the Portuguese real estate market is expected to continue its upward trajectory in the coming years, with demand for high-end properties remaining particularly strong.
Data from the Portuguese National Statistics Institute (INE) reveals an impressive 12.8% increase in the average house price in Portugal so far in 2023, marking the fastest rate of growth since 2010.
The Algarve region has witnessed the most significant price growth, with house prices soaring by 18.3% in 2023.
Several factors contribute to this robust growth, including a strong economy, escalating demand, and Portugal's growing appeal as a world-leading relocation destination for the wealthy, renowned individuals, affluent expats, and professionals.
Portugal's strong economic outlook, coupled with its growing popularity as a relocation destination, is poised to sustain the real estate market's upward momentum.
Download Property Market-Index's 'Portugal Property Hotspots Report 2023-25' here.
Schedule a free consultation with one of our expert team to understand how you can maximise your future financial and tax position as a wealthy international expat in Portugal.
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Disclaimer: The information on the Portugal Pathways website and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications.