<h4>In just a few years, the country has become one of the favorite destinations of French expatriates&period; As a result, prices are skyrocketing in Lisbon and the Algarve&period;</h4>&NewLine;<h2>The French rush to Portugal is confirmed</h2>&NewLine;<p>The French are today&rsquo&semi;the leading foreign investors in Portuguese real estate&comma; downgrading for the second year running&comma; the British and the Chinese&period; Thus nearly 30 &percnt; of properties purchased by non-Portuguese buyers were acquired by French buyers in 2017&comma; according to the&rsquo&semi;association of Portuguese real estate professionals&period; They are especially attracted to Lisbon and the&rsquo&semi;Algarve region in the south of the country&period;</p>&NewLine;<p>In four years&comma; the number of French nationals living in Portugal has more than quintupled to 50,000&lpar;compared with a few thousand in 2013&rpar;&comma; including 80&percnt; retirees&comma; according to the Franco-Portuguese Chamber of Commerce and Industry &lpar;CCIFP&rpar;&period; There has also been a surge in the number of French nationals living in Portugal.<em>prices since the implementation of this <a href="https://vivreauportugalconsulting.com/kit-expatriation-portugal/" target="_blank" rel="noopener">tax measure</a> and the arrival of new residents&period; However, they are still measured& as Portugal did not experience a speculative bubble in the 2000s like France&period;".</em></p>&NewLine;<h2>Climate&comma; safety and quality of life</h2>&NewLine;<p>In addition to the climate&comma; safety and quality of life&comma; it is in particular the tax measures voted in Portugal in January 2013 that continue to&rsquo&semi;attract foreign buyers&period; Thus&comma; thanks to the <a href="https://vivreauportugalconsulting.com/regime-fiscal-du-resident-non-habituel/" target="_blank" rel="noopener">RNH status &lpar;non-habitual resident&rpar;</a>Retired expatriates are tax-exempt for ten years, provided they spend at least 183 days a year in the country and have not been a tax resident for the last five years;</p>&NewLine;<p>On average, French people invest between €200,000 and €250,000 to buy a home&period; At this price&comma; you can get a beautiful 100 to 150 m² house&comma; close to the sea and the town center&period; Homes costing between €300,000 and €350,000 are also very much in demand&period; And for a budget of between €750,000 and €1 million&comma; you can acquire a luxurious 300 m² residence&comma; close to the sea&period;</p>&NewLine;<h2>Retirees are in demand&&num;8230&semi;</h2>&NewLine;<p>A highly attractive measure aimed at retirees&comma; Portugal has no IFI &lpar;property wealth tax&rpar; nor inheritance tax&period; 80 &percnt; private-sector retirees&comma; but also self-employed professionals &lpar;entrepreneurs &comma; technicians&comma; architects&comma; engineers&comma; artists&comma; health professionals&comma; etc&period;&rpar;&comma; status<a href="https://vivreauportugalconsulting.com/kit-expatriation-portugal/" target="_blank" rel="noopener"> RNH</a> allowing them to be taxed at only 20 &percnt; on income generated and received in Portugal&period;</p>&NewLine;<p>With regard to inheritance taxation&comma; gratuitous transfers by death or gift are exempt from stamp duty&period; this applies to descendants or ascendants and married people&period; however, this exemption does not apply to real estate located in Portugal&period;</p>&NewLine;<blockquote>&NewLine;<h4><a href="https://vivreauportugalconsulting.com/guide-immobilier-portugal/" target="_blank" rel="noopener">Buy with peace of mind even without a real estate agency&comma; with the help of our real estate guide</a></h4>&NewLine;</blockquote>&NewLine;
The year 2025 begins with increases in several key sectors in Portugal, marking... Read more
The Portuguese government recently announced an increase in the national minimum wage (SMN) to 870... Read more
Find out how the Portuguese tax system affects companies, with details on taxation,... Read more
The United Kingdom has long been recognized for its economic dynamism, political stability and... Read more
If you want to run an e-commerce business in the UK, it's crucial to know how to... Read more
On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for... Read more
Our site uses cookies.
Read more