Are you looking to invest in a property in Portugal for a vacation, to prepare for retirement, or to invest in a promising real estate project?
it's a nice line, isn't it? It's our duty, as tax expatriation professionals, to warn you of the misinformation that certain professionals may be liable to spread. For example, by explaining that it's perfectly possible to buy a property in the very heart of Lisbon for less than 100,000 euros - yes, we did say 100,000 euros. If some people think Portugal is the third world, let us remind you that the real estate market in Portugal grew by 15% in 2014 and 18% in 2015.
By way of example:
To buy a 250 m2 two-storey house with a garage, in one of Porto's most beautiful districts, you'll need to budget around 450,000 euros. This works out at 1,800.00 euros per m2. We're only talking about Porto here, as the price per square metre in Lisbon is higher.
Contrary to what some people may think, the move to expatriation is by no means an easy one. It means that your life will change (especially fiscally) from top to bottom. Not forgetting that there are also constraints to avoid your tax expatriation being called into question by the French government.
The Portuguese real estate fair will be held from May 20 to 22, 2016, and is organized by the Franco-Portuguese Chamber of Commerce and Industry (CCIFP).