While other investment vehicles have fluctuated widely over the decades, property has consistently given a decent return. With land values increasing across the developed world, it’s a good place to secure consistent equity growth over a period of time. Unlike other forms of investment, property is much more tangible. You can actually see and enjoy your investment.
Why invest abroad?
Overseas property is often more competitively prices than in the UK. For the price of a small flat in central London you can purchase a large villa, or a luxury home in cheaper parts of the world.
There’s a greater potential for a return on your investment over time. If you’re renting out your property either long-term or as a holiday let, the rate of return to investment is generally better than you could expect in the UK.
Who wouldn’t want to own property in some of the most luxurious and desirable resorts on the planet knowing that it’s providing a rental income and a low-cost, easy holiday option too?
It's a great time to invest in Portugal
There’s never been a better time to buy property in Portugal. The market is booming with average Portugal property rising by 7.8% in the year to September 2019.
Escape grey days and cold winters
Portugal has a remarkably temperate climate with plenty of sunshine. Even in the depths of winter the temperature averages around 16 degrees Celsius. In the summer its long Atlantic coastline keeps daytime average at a pleasant 25 degrees. When it comes to sunshine there’s few places better than Portugal, with an amazing 3000 hours a year, nearly twice as many as the UK average.
The country has a diverse range of regions to choose from
In Southern Portugal, the Algarve is famous for its stunning beaches and whitewashed fishing villages. The beautiful city of Lagos with its walled old town, fine beaches and buzzing nightlife is increasingly popular with investors. Nearby Lux, Faro, Alvor and Vilamoura are all firm favourites.
Portugal’s capital city Lisbon is also proving to be a magnet for investors. Lisbon is regarded as one of the world’s most attractive cities to reside in, boasting World Travel Awards for being the best city break destination. It’s rich cultural history, fabulous architecture, cosmopolitan vibe and relaxed way of life has made Lisbon one of the go-to destinations for seasoned investors and tourists alike.
Historic Porto is a cultural and foodie heaven, with architecture that will inspire and delight in equal measure. The Silver Coast nearby in Central Portugal has some of the country’s best golf courses. Vila Real is an attractive university town set amidst rural tranquillity in northern Portugal.
Whether you’re looking for a beachfront property, rural bliss, luxury or cheap purchase there really is something for everyone when it comes to Portugal property investment.
Centasource can help with your Portugal property search
Buying property overseas can be tricky which is why it’s important to work with a company built on integrity and great business relationships. With a quarter of a century of experience and outstanding expertise in buying and selling property in Portugal, Centasource can help you from the initial enquiry right through the negotiation and beyond.