Why invest in real estate in Portugal?
An attractive country where life is good
Cost of living in Portugal is more than 40% cheaper than in the UK.
You will savour home grown fruits and vegetables, fresh fish grilled on the barbecue, the pure air from the ocean under 300 days of sunshine and blue sky per year!
Portugal welcomed more than 27 millions tourists in 2017, making it the only country in Europe that gets more tourists per year than its entire population!
In 2014, Ryan Air announced its predictions to double its number of passengers to Portugal by the end of 2018 (Announcement from Ryan Air to increase its routes to Portugal).
A tax heaven at the heart of the EU
Portugal offers the new tax resident an income tax free holiday for 10 years, including receiving your pension tax free (“pay no tax on your pension” article from The Telegraph)
The Telegraph2015
Portugal offers the new tax resident an income tax free holiday for 10 years, including receiving your pension tax free.
Citywide also comments that the 39,000 UK expats in Portugal makes it a highly attractive place especially due to its advantageous pension freedom tax relief for 10 years launched in 2013 (Article listing the countries offering tax-free pensions).
But not only pensions, the local tax regime also offers full exemption on inheritance tax and a 20% flat rate on income tax for residents that live in Portugal at least 6 months per year.
Having doubts about the economical condition of the country? Watch below how the UK Trade & Investment organisation says “Portugal means business”:
Read this report from PWC to understand the exceptional tax conditions you can benefit from:
A promising investment for the future
According to the Royal Institution of Chartered Surveyors, the property market in Portugal is predicted to grow by +4% per year over the next 5 years.
Following those predictions, investing in real estate in Portugal in a property bought for 400,000 EUR in 2016 will make you earn more than 33,000 EUR in profit by 2020.
RICS Portuguese Housing Market Survey
Following in depth structural changes, the predictions from experts such as the European commission economical forecast or Reuters announcements on Portugal’s encouraging economical turnaround following the 2008 crisis.
Growth is expected to double from +0.9% to 1.8% between 2014 and 2017, and un-employment levels are shrinking by 1% per year.
In an Bloomberg Business article on November 2015, Lisbon is being referred to as the “San Francisco” of Europe, where “tech start-ups are expanding quickly and raising millions”.
Lisbon will be the host of the 2019 Web Summit, considered as the “best technology conference on the planet” by the Wall Street journal and the Guardian.
