Five reasons to buy real estate in Portugal

Portugal. When you buy a property worth 500,000 euros or more (350,000 euros if partial restoration is required), citizens of various countries around the world can obtain it. This gives you and your family members permission to live, work and study in Portugal. It can be renewed every two years, provided you spend at least two weeks in the country during that period. However, as of January 2022, the Golden Visa is undergoing some changes. Next year it will no longer be valid for residential properties in many popular Portuguese destinations such as Lisbon and Porto. Properties purchased for use as a vacation home rather than a permanent residence can still be accepted. Otherwise, your best option is to buy''Whether you're renting to locals, expats or tourists, the rental market in Portugal is thriving in every way. As expected, rental properties do particularly well during the summer months. You won't have any trouble filling vacant rooms when the sun is shining. The Algarve is a particularly attractive location for rental property. Its temperate climate all year round means that you will continue to attract attention, even out of season. Portugal is also a very popular golfing destination, attracting tourists from all over the world. This sport is perfect for the winter months in Portugal, so properties in areas close to golf courses are likely to help attract tenants during the colder months.

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One of the main reasons for buying property in Portugal is the tax code for non-residents attracted to qualify for non-residential residential property (NHR).