Portugal may be a small European nation of only 10m inhabitants, but its spectacular beauty, thriving culture, and history attracted over 70.000 new residents to its Atlantic shores in 2019, an increase of 68% on 2018.
And with a number of awards under its belt, including being voted the best country to retire in by the Annual Global Retirement Index in 2020, it’s no surprise the Portuguese real estate market is booming, with over €20m invested in properties in the 3rd quarter of 2020 alone (source – Bank of Portugal).
Whether investors are retiring or just looking for a home in the sun, acquiring property abroad requires rigorous research, time, and financial resources.
Portugal-based real estate buyer’s agency, Goldcrest, is now sharing its years of experience in the market with their brand new e-book: Your Expert Guide to Buying Property in Portugal.
The comprehensive guide provides readers with up-to-date stats on the real estate market in Portugal, in the context of COVID-19 and Brexit, whilst highlighting the most desirable locations to buy a property.
As a local buyer’s agent based in Portugal and a division of investment migratory agency Global Citizen Solutions, Goldcrest’s book shares insightful real estate expertise and strategic advice based on years of experience from sourcing to property acquisition.
“Your Expert Guide to Buying Property in Portugal” is designed as an easy six-step guide to the house purchasing process, highlighting potential pitfalls to watch out for and practical information on what a move to Portugal will be like for retirees, investors, and individuals interested in a second citizenship.
As members of the Portuguese Chamber of Commerce in the UK, Goldcrest and Global Citizen Solutions’s book will also be available for direct download via the Chamber’s dedicated web portal www.movingtoportugal.co.uk from 16th June 2021.
Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK says “The guide is invaluable for those wanting a comprehensive overview of how and where to buy in Portugal. It is an attractive market, even in the time of a pandemic.”
Portugal has built a strong reputation as a safe, stable, and beautiful country, and international buyers are attracted by its investment opportunities and tax-friendly policies. In the 1st quarter of 2020 alone, real estate investment in Portugal was almost 50% of the total volume of investment experienced throughout the two previous years. (source – Savills Portugal, 2020), indicating that the real estate market is on an upward trend.
While average house prices in Lisbon fell during 2020, they continued to increase in Porto and the Algarve. According to Patricia Casaburi, CEO at Global Citizen Solutions and Goldcrest Properties, “Last year saw an increase in the volume of real estate investments, showing Portugal’s property market is still prospering despite the pandemic.”
The Algarve has long been known for its strong community of British expats, and this has not changed, indeed the British accounted for 33% of foreign purchases of property in the Algarve in 2019. But the Brits are not alone in the South, there is a strong European expat community there too with French, German, Dutch and Swedes also making purchases.
In cosmopolitan Lisbon, the largest European buyers of properties are the French. It is a similar story in Porto, with the French purchasing over three times more property in the city than any other European nationality, although Swiss and British nationals are also snapping up properties there.
However, when it comes to investments to gain a residence permit, through Portugal’s Golden Visa scheme, China, Brazil, and USA are topping the charts.
“With an investment of €350,000 or more in the country, Chinese, Brazilian and North American investors are seeking to gain EU rights and an entryway to the rest of Europe. But the Golden Visa rules are due to change in 2022, and we are also covering these aspects in our e-book.” -concludes Patricia Casaburi.
Virtual book launch – Join us for a virtual book launch on 16th June 2021 at 5pm GMT.
Your Expert Guide to Buying a Property in Portugal – e-book sales
Global Citizen Solutions is a boutique investment migration consultancy firm focused on finding the right residency
or citizenship planning for individuals wanting to secure their future and become global citizens. In 2018, Global Citizen Solutions launched their dedicated real-estate division: Goldcrest Properties, a buyer’s agency specialised in Portuguese real estate.
With offices in Portugal, UK and Brazil, our multicultural and multilingual team will guide individuals and families from start to finish, providing expert advice considering freedom, mobility, taxation, and security.
For more information, interviews and high res imagery please contact Gizane Campos on firstname.lastname@example.org or on + 447968563689 (UK) / +351934691780.