Portugal’s housing prices are rising rather strongly, amidst a recovering economy. Property prices in Portugal rose by 3.66% (2.78% in real terms) in January 2016 from a year earlier, to an average price of €1,047 (US$1,168) per square metre (sq. m.), based on figures released by Statistics Portugal (INE). After more than three years of depression, house prices in Portugal started to recover in 2014.
In Lisbon metropolitan area, property prices were up by 3.69% (2.81% in real terms) y-o-y in January 2016, to an average of €1,266 (US$1,412) per sq. m.
There are no restrictions on foreign property ownership in Portugal and transaction costs are generally low.
Vendome International Property is proud to offer properties in Portugal in attractive places such as Lisbon or Algarve area. Golden Visa can be provided as well if needed.
Portugal will grant a 5-year residency permit to non-EU citizens who buy a minimum of €500,000 worth of property. The permit allows holders to work or study, as well as to travel in Schengen countries. They can opt to apply for permanent residency after five years.