Houses for sale in Lisbon Portugal
Purchasing Houses for Sale in Lisbon, Portugal
Purchasing Houses in Lisbon
With a population of a little over five hundred thousand people, the city of Lisbon is the heart of a much larger metropolitan area with a population of around two-point-eight million.
The residential property market in the magnificent Portuguese capitol has largely recovered from the global financial crisis.
The sales volume of the houses for sale in Lisbon, Portugal was up by fifteen percent in 2016, compared to 2015, which has put the property market of the city of Lisbon back on par with its pre-crisis pace in 2010.
The pleasant weather, the safety and security, and the hospitality of the Portuguese people is attracting to the city of Lisbon an increasing number of people from other countries.
Additionally, the city of Lisbon, and Portugal as a whole, generally has significantly lower prices of houses for sale in Lisbon, Portugal when compared to most other European countries.
The neighborhoods of Lisbon that are most highly sought after for houses for sale in Lisbon, Portugal are the ones that are located in the historic centre of the city,
GREAT SOURCE OF PORTUGAL PROPERTY FOR SALE BY TYPE
where older buildings are undergoing major renovation projects so that they could meet the modern day buyer demands.
Even though prices of the houses for sale in Lisbon, Portugal are beginning to rise, they are still between forty and fifty percent lower than property prices in other European capitols such as London or Paris, which makes the city of Lisbon increasingly attractive to international buyers.
An updated three-bedroom house for sale in Lisbon, Portugal within the size bracket of sixteen hundred square feet and twenty one hundred square feet in the city centre of Lisbon can typically be purchased for eight hundred thousand Euros to one-point-five million Euros.
Portugal also has two programs designed for attracting international investors and home buyers – The Portuguese Golden Visa Program and the NHR – the Non Habitual Resident tax law which allows foreign residents in Portugal a tax relief on their foreign sourced income for up to ten years.
The country of Portugal has no restrictions on foreigners who wish to purchase houses for sale in Lisbon, Portugal. The process of purchasing houses for sale in Lisbon, Portugal as a foreigner is a rather simple and a straightforward one, and the Portuguese buyers usually do not even need to hire a lawyer to assist them with the legal aspects of it.