Lisbon's leap to the top of PwC's Emerging Trends in Real Estate® Europe leader board in 2019 confirmed what savvy investors have known for several years – that Portugal's property markets are some of the most attractive in Europe. More than a place to visit, the globalized nation is also one of the most desirable places to live and invest in, offering stable returns across diversified property assets.
Part of the European Union and the Schengen area, Portugal offers a stable political and social environment with a strong global focus. Economic growth above the Eurozone average and highly-skilled, English-fluent workers also make it an attractive destination to do business, from startups to established multinationals, while world-class education and enviable quality of life appeal to families.
Enhancing its appeal even further for high-net-worth individuals, Portugal's tax regime offers a low effective tax burden, free overseas remittances and no gift, inheritance or wealth tax. Property buyers who choose to live in Portugal can apply for residency or Portuguese nationality to obtain an EU passport, allowing free movement throughout the Schengen zone.
Robust sales and rental growth
Investment in Portugal's residential markets reached a historic 23 billion euros in 2018 and grew by 19 percent in the first nine months of the year, according to the Instituto Nacional de Estatística (INE). As well as the growth in overseas property investment, domestic sales also increased, with many locals choosing to upsize their homes or relocate to cosmopolitan cities in light of the improving economic situation.