Why Invest in Portugal Property
In the past, Portugal has often been overlooked as a lucrative investment location, as it was our neighboring country, Spain, that has received most attention. Recently, however, Portugal has joined the markets that are on the rise and started hitting the headlines as British and Irish investors especially increasingly shift their focus to our beautiful country. The lifestyle and culture are significant factors in Portugal becoming more and more attractive to many new investors, but there are other significant reasons why Portugal has great potential in the growing and competitive market, and make it one of the safest places to invest in the world. Simple analysis of the current market trends prove that Portugal is a sound place for lucrative investment.
This article will attempt to provide basic information on why the property values in Portugal are expected to rise for the foreseeable future. If you want to know more about the latest investor trends, join us at https://www.propertylisbon.com, and we will happily explain the current market shifts in Portugal in great lengths.
Portugal receives 8.8 million Euros a day, injected into its economy and infrastructure by the EU. With traditional market sectors, such as fishing and agriculture, under pressure, it’s the tourist market that generates the most revenue for the Government. In return, the majority of this money is budgeted towards improving the standards of tourism, creating a clear revenue flow, and resulting in vast improvements of Portugal’s infrastructure. It is impossible to spend some time in Portugal and not see the developments that have already taken place, as well as those that are still underway. With new motorways, new beach front cafes, new promenades, new golf courses, and even new underground parking facilities, the whole of country’s infrastructure is booming, and bringing with it higher standards.
New Airport and High Speed Train Link (TGV)
The new airport is expected to link many UK airports directly to Lisbon, as well as increase the number of low-cost operators. With a total investment in the region of 25 billion Euros, it will boast cutting edge technology, handle flights from all over the world, and triple the current passenger capacity from 11 million to 33 million.
A New TGV – High Speed Train Link is expected to reduce the commute from Madrid to three hours, making Portugal the fastest beach destination for the growing population of Madrid(six million approx). The estimated cost is 5 billion Euros and 80% of the funding will be covered by EU.
Some other key factors
– Portugal is one of the top 3 European countries most likely to provide lucrative investment in the next 10 years, as reported by PrincewaterhouseCooopers(PWC) and featured in A Place In The Sun
– Despite the current economic difficulties, the governor of Bank of Portugal has declared Portugal will withstand current issues
– Loan-to-value mortgages allow you to maximize your investment by borrowing up to 85% of the valuation of the property, With the Euribor reduced interest, mortgages can now be secured as low as 4.7%
-Strict planning permissions secure the natural beauty and limit the development of new properties keeping demand high
– Portugal is one of the safest places in the world. It has no international issues with war, no threat of terrorism and no organized crime to interfere with our stability. Lisbon was recently voted the safest city in the EU.
– And finally, Portugal is one of the most beautiful places in the world. Irrespective of investment considerations, you can always expect to obtain a quick resale, secure rental income, and enjoy visiting your second home at any time of the year. The benefits are very clear.
Let us take you there
PropertyLisbon.com™ is here to help you turn your Portugal property dreams into reality
For more information, please write to us on info.propertylisbon.com or feel free to call us on+351 211 226 489, and a member of Property Lisbon will be happyto answer any of your questions
We look forward to helping you find your dream property!