The French rush to Portugal is confirmed

<h5>We've already heard of artists and sportsmen going into exile in Belgium or Switzerland&amp;period; now&amp;comma; we have to add Portugal to the list&amp;period;<&sol;h5>&amp;NewLine;<p>The French are today&amp;rsquo&amp;semi;the leading foreign investors in Portuguese stone&amp;comma; downgrading for the second year running&amp;comma; the British and the Chinese&amp;period; Thus nearly 30 &amp;percnt; of properties purchased by non-Portuguese buyers were acquired by French buyers in 2017&amp;comma; according to the association of Portuguese real estate professionals Apemip&amp;period; They are mainly attracted by Lisbon and the Algarve region in the south of the country&amp;period;<&sol;p>&amp;NewLine;<p>In four years&amp;comma; the number of French people living in Portugal has more than quintupled to 50,000 &amp;lpar;compared with a few thousand in 2013&amp;rpar;&amp;comma; including 80&amp;percnt; retirees&amp;comma; according to the Franco-Portuguese Chamber of Commerce and Industry &amp;lpar;CCIFP&amp;rpar;&amp;period; <em>"There are around a quarter of foreign buyers in Portuguese real estate today&amp;comma; <&sol;em>says Cécile Goncalves, director of the Maison au Portugal&amp;comma real estate agency;<em> But it is true that prices have started to rise since the introduction of this tax measure and the arrival of new residents&amp;period; However, they are still measured&amp;comma; as Portugal did not experience a speculative bubble in the 2000s like France&amp;period;".<&sol;em><&sol;p>&amp;NewLine;<h5><strong>Climate&amp;comma; safety and quality of life<&sol;strong><&sol;h5>&amp;NewLine;<p>In addition to the climate&amp;comma; security and quality of life&amp;comma; it is in particular the tax measures voted in Portugal in January 2013 that continue to attract foreign buyers&amp;period; Thus&amp;comma; thanks to the RNH status &amp;lpar;non-habitual resident&amp;rpar;&amp;comma; status, retired expatriates are exempt from&amp;rsquo&amp;semi;tax for ten years&amp;comma; provided that&amp;rsquo&amp;semi;they spend at least 183 days a year there and have not been a tax resident for the last five years&amp;period;<&sol;p>&amp;NewLine;<p>On average, the French invest between €200,000 and €250,000 in the purchase of a home&amp;period; At this price&amp;comma; you can get a beautiful 100 to 150 m² house&amp;comma; close to the sea and the city center&amp;period; Homes costing between 300 and 350,000 euros are also highly sought-after&amp;period; And for a budget of between 750,000 and one million euros&amp;comma; you can acquire a luxurious 300 m² residence on a 600 to 1200 m² plot&amp;comma; with swimming pool&amp;comma; close to the sea and a golf course&amp;period;<&sol;p>&amp;NewLine;<h5><strong>Retirees are in demand&amp;&amp;num;8230&amp;semi;<&sol;strong><&sol;h5>&amp;NewLine;<p>A highly attractive measure aimed at wealthy retirees &amp;&amp;num;8211&amp;semi; the country has neither IFI &amp;lpar;property wealth tax&amp;rpar; nor inheritance tax &amp;&amp;num;8211&amp;semi; that&amp;rsquo&amp;semi;to the most modest&amp;comma; who see their purchasing power multiplied by&amp;rsquo&amp;semi;about 35 &amp;percnt; compared to France&amp;period; It is&amp;rsquo&amp;semi;80 &amp;percnt; are private-sector pensioners&amp;comma; but also professionals &amp;lpar;entrepreneurs &amp;comma; technicians&amp;comma; architects&amp;comma; engineers&amp;comma; artists&amp;comma; health professionals&amp;comma; etc&amp;period;&amp;rpar;&amp;comma; the RNH status allowing them to be taxed at only 20 &amp;percnt; on their income generated and received in Portugal&amp;period;<&sol;p>&amp;NewLine;<p>With regard to inheritance taxation&amp;comma; gratuitous transfers by death or gift are exempt from stamp duty&amp;period; this applies to descendants or ascendants and married people&amp;period; however, this exemption does not apply to real estate located in Portugal&amp;period;<&sol;p>&amp;NewLine;<p>And that's not all&amp;excl; For the wealthiest&amp;comma; and for 500,000 euros of investment in real estate &amp;&amp;num;8211&amp;semi; or 1 million&amp;semi;euros in a company with the promise of creating 10 jobs -&amp;comma; Lisbon issues a residence permit which entitles the holder to nationality five years later&amp;period;<&sol;p>&amp;NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;studyrama&period;com&sol;pro&sol;expatriation&sol;guide-pratique-de-l-expatriation&sol;la-ruee-des-francais-vers-le-portugal-se-confirme-21837&period;html">source<&sol;a><&sol;p>&amp;NewLine;