As investors look to minimise risks and maximise returns when investing in real estate, Portugal remains an enticing option for European investment. Of late, investors seem to be favouring offshore real estate assets, especially when looking for options to relocate as some countries allow a residency option.
Real estate
Add in sunny weather, a bustling property market, business-friendly government and you have a lot of good reasons to look at Portugal.[1] Not to mention its Golden Visa Programme if you’re wanting to obtain European citizenship, although you’ll need to invest a minimum of €350,000 or €500,000 in its real estate to obtain this benefit.[2]
Even South African property developer John Rabie has diligently been creating opportunities for investment in Portugal. In 2019, his company Neworld partnered with GMG Real Estate creating approximately “€90m (over R1.4bn) in residential and retail development”.[3] Rabie’s latest partnership venture in 2021 is again in Portugal ─ with Newworld and Reward Properties by RE Capital brought to the South African Market by Wealth Migrate, and the portfolio is valued at an estimated €300-million.[4]
Three reasons why you should invest in Portugal:
- Strict planning permissions apply to Portuguese properties to ensure conservation of the natural environment and to limit the amount of new properties that can be built.[5] This keeps the demand high for family residential properties.
- Portugal is politically stable and has a low crime rate. In fact, 2020’s Global Peace Index rated it the top third safest country in the world.[6]
- The booming property market is a strong factor for real estate investment. In November 2020, Lisbon’s property prices rose by 5.83%, with average rentals yielding from 5.4% to 6.2%.[7] Due to the warm climate and scenic geography of Portugal, rental properties remain in high demand for short- and long- term periods.
Portugal’s property market is quite affordable when looking to invest in Europe, especially in comparison of properties in France, Spain and the United Kingdom. Not only will you be able to ensure you gain value from your investment ─ from tax advantages to safety and a strong property market, investing in real estate Portugal is a wise choice.
[1] C. Nye (December 2020). ‘Buying property in Portugal’. Retrieved from Portugal Property Guides
[1] T. K. Running. (May 2021). ‘The ultimate guide to the Portuguese Golden Visa’. Retrieved from Nomad Gate
[1] (May 2019). Property developer John Rabie launches new venture in Portugal’. Retrieved from Biz Community
[1] (March 2021). ‘Launch of Reward Properties allows South Africans to invest in luxury properties in Portugal’. Retrieved from Biz News
[1] B. Taylor. (August 2019). ‘Building your home in Portugal, part 2: architects and planning permission’. Retrieved from Portugal Property Guides
[1] (2020). ‘2020 Global Peace Index’. Retrieved from Vision of Humanity
[1] L. C. Delmendo. (February 2021). ‘Portugal’s housing market remains strong’. Retrieved from GlobalPropertyGuide
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