The Portuguese economy has been recovering consistently since 2013. More recently, GDP growth picked up and activity is expanding faster than in the Euro Zone.
The housing market has been boosted by special tax programs for foreign investors interested in recovering or buying real estate assets in Portugal (Golden Visa, Tax Regime).
Construction of new houses has almost stalled over the past ten years. To meet the increasing demand, investors are choosing to rehabilitate existing properties either for Short-Term Lease or Re-Sale.
House prices have been increasing faster in Portugal when compared to other southern European countries but are still substantially cheaper than the major European Capitals.
Portugal also has other possibilities for investment and is securing its place as an attractive destination for European and non-European Investors.