Categories: Real estate

REAL ESTATE PRICES EXPLODE IN PORTUGAL

&amp;NewLine;<h2 class&equals;"wp-block-heading">real estate prices in portugal soar<&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Portugal has become the favorite destination of the French&amp;period; The country attracts as much for its dynamism as for the charms of its tax system&amp;period; The first consequence of this craze is the increase in property prices.<a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;produit&sol;guide-immobilier-au-portugal&sol;"><strong><span style&equals;"text-decoration&colon; underline&semi;">real estate<&sol;span><&sol;strong><&sol;a>&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Portugal is the preferred destination for French people wishing to move to another country in the European community&amp;period; The country's economic attractions are well known&amp;nbsp&amp;semi;by all&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Since the crisis, Portugal has been modernizing its infrastructure in leaps and bounds, and has become a fashionable tourist destination over the past 10 years&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The country is building and renovating and has the ambition to become a European hub for start-ups. <strong><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;produit&sol;guide-entrepreneur-freelance-au-portugal&sol;"><span style&equals;"text-decoration&colon; underline&semi;">young Europeans<&sol;span><&sol;a><&sol;strong> than pensioners&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">One in five buyers is foreign<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Real estate prices in Portugal are soaring&amp;comma; in 2018 they rose by 17&amp;nbsp&amp;semi;&amp;percnt;&amp;period; This growth is benefiting all regions of Portugal and particularly the cities of Lisbon and Porto&amp;period; Between them&amp;comma; they concentrate almost two thirds of transactions&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Foreign investors represent one in five buyers&amp;nbsp&amp;semi;&amp;excl; The French account for 30&amp;nbsp&amp;semi;&amp;percnt;&amp;comma; Chinese and Brazilians attracted by the Golden Visa are the main investors&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Lisbon has become unaffordable <&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The time for bargains&amp;nbsp&amp;semi;in Lisbon is over&amp;comma; even if prices may still seem attractive for some&amp;period;&amp;nbsp&amp;semi;The average value in the Portuguese capital is 3&amp;ThinSpace;000&amp;comma;00&amp;nbsp&amp;semi;€ per m² outside the historic area&amp;comma; expect between 8&amp;ThinSpace;000&amp;comma;00 and 10&amp;ThinSpace;000&amp;comma;00&amp;nbsp&amp;semi;€ in high-end condominiums&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>This trend in real estate prices in Portugal is linked to urban regeneration, tourist pressure and events such as Websummit, as well as the multiplication of real estate programs&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Some sectors are still attractive&amp;but you'll have to be willing to move away from Lisbon&amp;period&amp;by about 30&amp;nbsp&amp;semi;min&amp;rpar;; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Porto, the northern hub of attraction<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The country's second-largest city&amp;comma; Porto is also increasingly attracting investors<span style&equals;"text-decoration&colon; underline&semi;"><&sol;span> &amp;period;&amp;nbsp&amp;semi;Prices in Porto are those charged in Lisbon five years ago&amp;comma; i.e. 20&amp;nbsp&amp;semi;&amp;percnt; to 30&amp;nbsp&amp;semi;&amp;percnt; lower&amp;period; Porto is the city on the rise&amp;comma; elected in 2017 "&amp;ThinSpace;best European destination&amp;ThinSpace;" or&amp;comma; in 2019&amp;comma; "&amp;ThinSpace;best European city to visit&amp;ThinSpace;"&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>For several years now, and particularly since the end of 2017, Porto has been undergoing a complete overhaul&amp;period; It has just launched an 800&amp;nbsp&amp;semi;million euro investment program&amp;comma; including a second international airport&amp;period; In the future, this will ensure around 30 international flights a day&amp;period;&amp;nbsp&amp;semi;As you can see, Porto offers a real economic dynamism&amp;comma; which offers investment opportunities. <strong>rental&amp;period;&amp;nbsp&amp;semi;<&sol;strong><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">rental investment<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Porto and Lisbon attract many investors in seasonal rental&amp;period; The yield&amp;comma; net of charges&amp;comma; is attractive&amp;comma; between 4 and 6&amp;nbsp&amp;semi;&amp;percnt;&amp;comma; and the <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;produit&sol;fiscalite-au-portugal&sol;"><strong><span style&equals;"text-decoration&colon; underline&semi;">advantageous taxation for individuals<&sol;span><&sol;strong><&sol;a>&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<hr class&equals;"wp-block-separator is-style-dots"&sol;>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>However, this favorable environment is likely to come to an end&amp;period; To combat the effects of people being driven out of the city center&amp;comma; municipalities have committed to reducing the number of licenses allowing seasonal rentals&amp;period; Within a few years&amp;comma; At least in certain neighborhoods&amp;period; <&sol;p>&amp;NewLine;

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