Property for sale in Portugal.In the last years Portugal has quichly become one of the best destination if you are interested in property for sale Portugal in a lovely destination overlooking Atlantic Ocean.
The tourism boom reflected in an increased demand of luxury resorts and property for sale that attract many foreign buyers.But not only tourism attracts buyers but also political stability, low tax and tax benefits above all if you want a property for sale.For the last three or four years, Portugal has been a really good market to invest in indeed in the luxury market, prices have gone up 10 % a year for the last three years.The mild climate helps, but also the definition of Portugal as the Miami of Europe and the 2017 Global Peace Index that declared Portugal as the third safest country in the world after New Zealand and Iceland help all investors who look for new property for sale in choosing this destination.
Other reasons for the price properties for sale Portugal increase regard the access to top golf courses and beaches, good flight connections, high-end resorts and marinas that accommodate super yachts.While prices at the beginning of 2018 were higher for properties for sale in Lisbon, three of Portugal’s six most expensive areas were in the Algarve, including Lagos, Oeiras and Albufeira.Many of those who buy property for sale in the Algarve are looking for an investment while others invest and also want to live here.
About 70% of people interested in property for sale are from England and Ireland and a number are French citizens, attracted by the area’s safety and the tax benefits.