Portugal Property Market
Political stability, low corporation tax and tax breaks, all help to make the Portugal property market an attractive and safe investment venture.
Located in the south western part of Europe, Portugal's inclusion into the European Union has seen a significant boost in its economy. One of the area's that probably benefited the most from this economic boost is the Portugal property market that has quickly become a top destination for international real estate investors. Bordering the Atlantic Ocean to the west, Portugal has the advantage of having a large coast line that boasts clear waters and pristine sandy beaches-a combination that is a natural magnet for tourists. The tourist boom itself translates into a growing demand for more luxury resorts and holiday apartments, both of which present a good value proposition for the investor. However, it is not just the conventional tourism business that has attracted foreign property buyers. A growing number of people looking to buy are those looking at having a retirement home, a holiday home or just simply a second home.
Political stability, low corporation tax and tax breaks, also help to make the Portugal property market an attractive and safe investment venture. Portugal is easily accessible by air from almost anywhere on the world. Many of the top international airlines have a connection through Portugal. In addition, the country's major ports have been famous through the centuries having been the launching pad of the expeditions of some of the world's most renowned explorers. Many of the top cruise line companies will have stops at Portugal during the cruise. What's more, the country's rich history makes it a melting pot of many Mediterranean and European cultures.
With a temperate climate that is sunny for the better part of the year, Portugal is an almost natural alternative for property buyers looking at locations that are an alternative to the cold winter weather in the northern parts of Europe. The good thing is that even if one is not intent on living there and only wants the house or apartment as a holiday destination, there is no need to worry about a house sitting empty throughout the year and not generating income. All one needs to do is to partner with a reputable travel agent in Portugal that will then market it as a suitable residence for tourists on a short term visit to Portugal. This would also provide a secondary benefit in that the house will not start to deteriorate due to neglect.
As far as where exactly in Portugal one should invest in, the range of alternatives is very broad. From Algarve in the southern coastal region, to the silver coast region of Lisbon and to the rural areas such of central Portugal region, the Portugal property market has something suitable for everyone. For instance, Algarve is a renowned tourist destination making apartments and town houses suitable for holiday homes.
From residential property, to resorts and holiday homes, the Portugal property market truly offers the real estate investor with a range of property that can fit their budget making a strong case why one should buy Portugal property.
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We look forward to helping you find your dream Portugal Property!