Why Should Foreigners Invest In Portugal Property?

The vibrant hub of Portugal is renowned for football, wine, and it’s beautiful and scenic landscape. The real estate domain of the country is also gaining a lot of popularity in recent years. Many foreigners are opting to buy property in Portugal these days, to have their holiday home there, and even to permanently settle down in the country.  Portugal can provide a similar climate and an outstanding quality of life as that of Spain, at a much more affordable cost of living. Moreover, when it comes to residing and paying tax in Portugal, the country offers a great incentive to overseas residents. There is a non-habitual resident (NHR) scheme present in this country, as per which special tax benefits shall be enjoyed by new arrivals for up to ten years. Hence, any foreigner investing in a Vale do lobo property would be able to avail this great financial incentive, in addition to getting the chance to live in this amazing country

The property market of Portugal additionally is relatively affordable in comparison to other Western European countries like the UK, France, and Spain. People can invest in lavish villas with private pool at Portugal without spending too much money, and enjoy a life of opulent luxury here. Apart from the property prices, the overall cost of living in Portugal is much more affordable than many of the neighboring major countries. Detailed information about premium residential properties available in Portugal can easily be found on the web.

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