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Portuguese real estate: These French people are looking for good deals

Last week saw the Portuguese real estate and tourism fair. Entrepreneurs, retirees and younger individuals alike were hoping to get good advice on how to make a good investment.

Portugal is still making eyes at the French. The Portuguese real estate and tourism fair, held in Paris last week, was celebrating its seventh edition. Like every year, it is sure to attract a large number of visitors attracted by Portugal. It has to be said that the country has no shortage of attractions to attract foreigners.

Moving to Portugal is "a no-brainer" for a retired couple in search of information. They said they had never considered other options. The first argument cited: the prices. "Life there is not expensive", they confide, and add that they have heard that taxation is particularly advantageous. While the couple may not yet be familiar with the subtleties of Portuguese law. Portugal's tax privileges are largely due to its "non-habitual resident" status, which offers exemption from income tax for a period of 10 years. income from abroad.

But Portugal is also attracting younger individuals and entrepreneurs who are rushing to buy Portuguese stone. Like one Parisian, who wants to buy apartments on the Algarve coast to rent out and one day resell. Visit property prices have risen of 7.5 % in Portugal in 2017. The increase even reached 20% in Lisbon and Porto in the fourth quarter of 2017. But while these figures are impressive, they need to be put into perspective in the light of the crisis that until recently paralyzed the country.

"To those who say it's too late to buy, I say that's completely untrue," said Carlos Vinhas Pereira, President of the Franco-Portuguese Chamber of Commerce and Industry. He went on to explain that "there's still a lot of potential to be made up", referring to the evolution of the sector.

If you're already thinking of heading for the land of Fernando Pessoa, a detour to the center of the country might be in order. It's an attractive destination, and for good reason: with prices ranging from 30% to 35 % lower than in France, according to Carlos Vinhas Pereira, the region is even less expensive than Lisbon or the Algarve.... - enough to give some ideas to interested French people.

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