The quest for sustainable living will continue to draw people to Portugal’s bountiful, beautiful (and still affordable) land…
This is one of the most exciting times of the year. As the holiday season drew to a close, our New Year’s resolutions surfaced earlier in January. I know from personal experience that New Year’s resolutions tend to fizzle out in March, however, with the changing world and changing expectations, this year will be a year in which people will definitely seek to change the way they live. to live.
When I talk to friends and potential clients, I realize that starting a new life in a different country or getting a “Plan B” residency is one of the most common resolutions. They are looking for places where they can live healthy and sustainable lives. Having Portugal at the top of the list is no coincidence.
Portugal offers the best of both worlds
The majority of investors I have spoken to say their main motivation is to escape the hustle and bustle of metropolitan life and find refuge in Portugal. This is particularly the case for the British. They fall in love with the Portuguese countryside but they also find relief that the city is very close and easily accessible. I know many Londoners who rush back to their surfing community once they’ve finished their online meetings. It’s a great place where they can find the right work-life balance.
Real estate prices are still accessible
Although Portugal has been on the radar of international property investors for so long, it is still possible to find affordable properties. Take Lourinha for example. It is a place that offers unique properties, many rugged hills, vineyards and olive groves. Although the hills provide privacy to the town, it is still a short drive from major cities. Many investors are rushing to obtain agricultural land in Lourinhã, while prices are still accessible.
Obtaining residency is another motivation
The long-awaited changes to the Portugal Golden Visa finally came into force at the beginning of this year. It may take time for some investors to digest the new rules, such as the end of the acquisition of residential properties in Lisbon, Porto or along the coast. However, there is another group that believes in the growth potential of interior and low-density areas. They are still interested in the real estate route and have already started their search. Thanks to the private forests backed by the ocean, Melides, a low-density area, is emerging as a hotspot. Our team has spoken to many potential investors from the United States who are looking to buy a home there and qualify for a Golden Visa.
A perfect base for young expats and Promads
The country’s thriving digital nomad community has sparked excitement among millennials who are looking for more freedom as well as plenty of opportunity. Portugal, especially Lisbon, offers many coworking spaces where they can meet other nomads. I believe the growing interest of these young professionals has had a positive impact on Portugal’s popularity as an emerging hub. Crypto investors who want to take advantage of the country’s tax-free crypto regulations are other contributors to this growing ecosystem.
Portugal has it all
Besides the above reasons, Portugal has everything people are looking for: great weather, delicious food, beautiful beaches and rich culture. It is the fourth safest country in the world and the third in Europe. It has also proven to be a haven from the current pandemic war, without the tension that has plagued other parts of the world. This also explains the growing demand from Australians, Canadians and Americans seeking tranquility in Portugal.
I hope this new year will be a good year where everyone can make their resolutions come true. Do not hesitate to contact us with any questions you may have about buying a property in Portugal or obtaining a Portugal Golden Visa to fulfill your dream in Portugal. Our team will be happy to answer all your requests.
By Charles Taylor Harris
Charles Taylor Harris
Executive Director, Get Golden Visa