Portugal property investment
Investing in Property in The City of Lisbon / Navigating a Growing Market – The NHR Program
The NHR Program
As the city of Lisbon continues to grow in stature and the investors continue to arrive to the country of Portugal, there is one question that our team of expert property investment consultants at PropertyLisbon is constantly asked – Is it still possible to find a good property investment deal in the city centre of Lisbon; Does one need to look outside of the main city areas such as the Baixa area and the Chiado are of the city of Lisbon in order to find a good property investment opportunity, or is it still possible to enter the property market in the best areas that the historical city of Lisbon has to offer?
The NHR Program
With the rise in the volumes of the NHR applications over the last four years and the continual popularity of the Portuguese Golden Visa program, a lot of money continues to flow into the city of Lisbon as we speak, continuing the trend that started back in the year of 2013. As soon as the Portuguese Government has made the necessary changes to the NHR program and has clarified that it does indeed cover pensions – Meaning that foreign sourced pensions for the Portuguese residents would be free of tax under the NHR program – the number of applications for the program understandably soared – From a mere one hundred applications between the years of 2009 and 2012, there was a sudden jump to one thousand applications in the year of 2013, followed by more than three thousand applications in the year of 2014.
These figures have only continued to grow over the last three years and have not yet shown any signs that they are going to slow down any time soon.
In order for one to qualify for the NHR program, they need to make a property acquisition in the country of Portugal. However, the program has so far mainly attracted high net worth individuals, as ninety percent of all applicants for the NHR program so far have chosen to outright purchase a property rather than rent it.