Currently, as the world economy becomes increasingly uncertain, many people are seeking to diversify their global investment portfolios. Portugal should be on your list if you’re thinking about investing in real estate abroad.
The Iberian countries are popular destinations for international property investment for many reasons, including its rich history and culture, diverse landscape, relaxed lifestyles, socio-economic stability, and over 300 days of sunshine in a year. Spain and Portugal both provide an environment for a high quality of life at a relatively affordable cost of living as compared with other European countries.
Not only do these two governments welcome foreigners’ purchases of local properties, but they also offer many investment programs that lead to long-term residency visas or long-term European immigration for your family and generations to benefit from.
Portugal’s property market, after suffering a hit from Covid in 2020, since 2021, recovered swiftly in terms of transactions and prices; back to above 10% compared to May of 2019. The Portuguese market has demonstrated even stronger resilience to Covid-19, in 2020, the overall transaction even increased in 2020. During that year, housing prices continued to increase in areas such as Lisbon and Algarve. At the moment, many believe that the real-estate pricing for Lisbon, Portugal’s capital, is still much undervalued.
As properties of a location can reflect a lifestyle of choice, Iberia also has many aspects to offer for everyone. For culture and cosmopolitan vibe, big cities such as Lisbon or Madrid come to mind. If you prefer a more relaxed ambiance, smaller cities such as Marbella in Spain or Algarve in Portugal are great choices.
Beachfront Real Estate
And if you like to live close to the beach or even, on the beachfront, the two countries have almost 6,000 kilometers of coastline combined from the Atlantic Ocean to the Mediterranean Sea to offer. Some of the beachfront property prices are surprisingly affordable too. On our website, some of the beach houses start from about 200,000Euros. And considering the recent Euro deflation, it is now a great time to invest.
Beachfront properties all over the world can be seen as both an asset and a business investment for rental.
From an asset perspective, beachfront property is often seen as a safe investment because of its rarity and limited supply. Especially in areas that are popular with tourists, the demand for these properties will always be high, making them a good investment for the future.
As a business investment, beachfront properties can be used to generate rental income from tourists, especially in Spain and Portugal with over 300 sunny days year-round. This is a great way to make your investment work for you and create a passive income stream that can help to offset the cost of ownership.
If you’re thinking about investing in property abroad, Spain and Portugal should definitely be on your radar. With their many benefits and attractive price points, now is a great time to get started.
For more information about investing in property for sale Portugal, check out our website to find the perfect investment opportunity for your needs.