Real estate in Portugal

Citizens of many countries countries are now interested in buying real estate in Portugal. One of the main reasons for that is the possibility of obtaining a residence permit. During the pandemic, this became especially relevant since many investors and buyers had to move and look for comfortable living conditions.

We should also keep in mind that Portugal has a very mild and comfortable climate. Winters are warm here, while summers are dry and moderately hot. There are more than 250 sunny days a year in this country. Such conditions will be comfortable for those who look for permanent residence in Portugal, as well as those looking for periodic visits.

Buying real estate in Portugal: features and benefits

It is worth buying a house or an apartment in Portugal for many reasons. The main ones include the following:

• possibility of obtaining citizenship - for this purpose it is enough to live in the country with a residence permit for only 6 years without leaving the Portugal for a long period of time;
• favorable mortgage terms that allow even foreign buyers to acquire real estate at no extra cost;
• presence of a preferential taxation terms for residence permit holders;
• low cost of living, which allows you to move to the country with little capital.

Do not forget that in Portugal prices for both residential and commercial real estate are among the lowest in Europe. This becomes especially relevant for those who wish to open their business in this country. Current conditions allow investors to purchase retail or recreational facilities at a fairly low price.