The four main questions that matter when investing in real estate in Portugal.
The four most important questions about investing in real estate in Portugal. Why should foreign investors make real estate investments in Portugal? Portugal offers extremely attractive conditions for international investors. It is a safe country with a low cost of living, excellent public and private health services and a fantastic public and private education system, including a wide range of schools, international educational institutions and universities that are among some of the best in the world. Portugal offers an ARI Investment Visa program that puts it on the map for international investors. For those who decide to obtain residence by investment and wish to make the permanent move over here, Portugal is an excellent country to live in for the whole family. What are the advantages of investing in Portugal? Our country still offers many business opportunities compared to other countries, as it is a still growing market with low population density and great potential for the next 20 years. The digital infrastructure, the adaptability of the Portuguese and attractive tax arrangements for foreigners all add value and help attract foreign real estate investment. Given the low required investment value within the real estate sector compared to other countries with similar schemes, this investment route still promises high returns over the coming years, and will naturally continue to attract a large number of investors. What will the outcome of the change to the Golden Visa (ARI) be, if you try to channel real estate investment inland for reasons of political ideology? In my opinion, it will be a disaster because it affects freedom of investment for those who come to Portugal and, thus, who want to invest in Portugal. This visa program has rejuvenated our two largest cities, Lisbon and Porto. Many of us have forgotten what Lisbon and Porto were like 10 years ago: there were streets in the centre where people didn’t dare go at night, because there were so many dilapidated buildings inhabited by people who had no other place to live. The ARI program, better known as the Golden Visa, enabled Lisbon and Porto to renew and modernize themselves, with the money from foreign investment. In addition, it became a huge marketing machine for Portugal, and attracted many international investors who may not have considered investing in Portugal otherwise. The level of safety, social and economic stability and opportunity has increased dramatically since the introduction of this program. Has the Portuguese real estate market suffered from the restrictions of the pandemic? Since 2020, the travel restrictions for foreign customers have limited the possibility of visiting properties in person and, as a result, made the purchase of such investment properties more difficult. Technology such as video visits (Teams, Zoom, Skype, WhatsApp, Facetime), 360º photography, 3D images and video conferencing have helped us navigate some of the limitations faced. Above all, the confidence and trust our investors have in our company, as they’ve watched us continue to sell real estate despite these testing times, has allowed more remote sales to take place. It is however necessary to see things as they are: the flow of sales and customers has decreased, but the investment value per unit has increased. The pandemic has brought about big changes in the needs of customers and has also altered the way in which these customers make decisions. Decisions are often being taken faster and there is more reliance on images, videos and lots of detailed information about the property and location, as it has been far more difficult to travel to visit properties, and the visits to Portugal by international clients have often come with more time restraints. summary: Portugal is one of the most attractive countries to invest in real estate. It provides investors with security, good access to public services and a strong education system. The exceptional hospitality and adaptability of the Portuguese, the space available for the development of new economic ideas and businesses, combined with one of the world's best digital infrastructures are some of the many reasons Portugal is such an attractive prospect for foreign investors. There are still an abundance of excellent opportunities for real estate investment in Portugal and the market hasn’t been affected by the same level of inflation seen in other similar countries. The quality of life and cost of living are excellent compared to many other countries, but Portugal stands out the most as a host country and takes pride in warmly welcoming those who visit, or who wish to call this country home. Author: Paulo Lopes - Casaiberia
Chiado and Estrela are by far the most sought after and most expensive neighborhoods in Lisbon.
Chiado and Estrela are by far the most sought after and most expensive neighborhoods in Lisbon. Chiado, Santo António, Misericórdia and Estrela are the most expensive neighborhoods to buy housing in the city of Lisbon. Here the average values are around 900,000 euros. The most sought-after typology with the mediators has been the T2 and the properties with surrounding green spaces, with preference to elevators, garage, and easy access to public transport or even the proximity of green areas such as gardens in the city of light. According to data from casafari and other sites, the most expensive neighborhood is Chiado with a value per m2 of about 10,000 euros. Chiado is the most sought-after neighborhood among all the districts of the capital. Then follows the neighborhood of Santo António, where the price per m2 runs the 5,395 euros followed by Mercy with 5,058 euros m2 and the Star with the average price of 4,347 euros a m2. The reason for the evolution of price in these neighborhoods, is linked to the scant supply of real estate in these neighborhoods. And the new projects are waiting for the permits, caused by excessive bureaucratic delays of the municipal chamber of Lisbon and the public function that in this matter leaves much to be desired. Therefore, the price is dictated mainly by the scant supply, even if demand is higher in other parishes. This is the case of Avenidas Novas, Belém and Parque das Nações that join Estrela, Bairro Alto, Graça, Alfama and Príncipe Real in the list of neighborhoods with the highest demand in the capital. The average price per bairo: Bethlehem is around 4,000 euros m2, Parque de Nações 4,300 euros m2 Star 4,300 euros m2 Avenues New 4,700 euros m2 Chiado 10,000 euros m2 Principe Real 10,000 euros m2 What brings us to the future? In our opinion, and by our market monitoring we are predicting that more and more the buyer will be younger and the product that is looking for higher quality and higher price. This trend is not a national phenomenon or our capital, it is something that is happening more and more at international level, both in large urban centers and especially in the various capitals of the European continent. The proximity of work, the offer of fun and digital and educational infrastructures is the engine of this movement, as well as the cure of quality of life increasingly earlier and less dictated by the day of reform. Houses with surrounding green areas, gardens, balconies, or office room are now the most important for buyers.
EasyJet opens new base at Faro airport
easyJet opened its new base at Faro airport on Tuesday, June 15, with a ceremony attended by the airline's CEO and several national politicians. The airline that with this opening of its new base in Faro demonstrate its commitment to Portugal, despite the challenges that aviation and tourism are facing due to the pandemic. This base will consist of three A320 aircraft allocated to operate on 21 routes to and from Faro between March and October, this being easyJet's third base in Portugal, after Lisbon in 2012 and Porto, since 2015. This base contributes to the local economy with more than 100 jobs and a greater flow of passengers to the Algarve. For Vinci Aeroportos is a new phase in the development of Faro airport, aiming at the placement and recovery of Tourism in Portugal with a greater environmental and sustainability aspect. This is the launch of a photovoltaic and solar plant at Faro airport, with a capacity of 3 MWp (Mega Watt Peak), which will meet 30% of the energy needs of Faro airport, generating an annual savings equivalent to more than 1,500 tons of CO2. Source: jornal economico
What factors normally influence the price of real estate and what should be taken into account before selling!
Before selling, a report from a real estate agent can reveal how much the house really is worth. Pre-evaluation is not always necessary, nowadays there are many ways to get data online. But a professional's experience is certainly always a way to go. Note that the good real estate agent is usually the one who starts with a conservative rating and not the one with the highest rating. Most of the time, these second mediators are only interested in listing the property, only to later tell the seller with low deals that he can only sell his property at a bargain price. This is, of course, due to the fact that, if the pre-valuation of the property is overvalued, the market also calls for much less interested, since they have already been deterred by the high price of the property in advance. So what else is and should consider when selling your own property when the decision has been made to sell the house or the holiday property. The first question immediately arises, what is the value of my property? Initial indications are provided of comparable sales of nearby homes. But be careful in most cases, the price of the offer is not the actual selling price, because most of the time, both the buyer and the seller will have different views on buying a property. Positions that both parties incorporate in price negotiation. Rate your home here for free: https://pt.casaiberia.com/informacoes/avaliacao-de-imoveis-643 Depending on the target group, use also plays a role for the value of the property, often also the emotional side of both the buyer and the seller. And this is where the work of a good real estate agent that is bringing both sides together stands out for the path of reason so that everything and the whole becomes a successful mission. The value of a property is also measured by its energy efficiency. New windows or modern heating or air conditioning are about appreciation. In the case of a planned timely sale, owners should carefully check whether this is really worth while taking into account a possible expense and additional work and whether they can be safely implemented in the remaining time up to the date of the sale. In most cases a new owner has his own ideas and this added value fills very little influence on the valuation of the property. Unfavorable room layouts or special equipment, on the other hand, can reduce the value of the property. However, a good staging of the house can be helpful see here https://www.casaiberia.com/blog/casaiberia-home-staging-valorizar-remodelar-decoracao-harmonizar-potencial-646 or a better presentation as here https://www.casaiberia.com/blog/imovel-vender-o-meu-imovel-venda-de-imovel-em-portugal-imobiliario-mercadoimobiliario-venda-particular-casaiberiarealestate-623 can help you in selling your house in the future. Author: Paulo Lopes
Portugal will have the first factory in the world to combine solar panels and batteries
The new factory of flexible photovoltaic solar panels and high temperature lithium batteries that will have its head in Moura in Alentejo, will also be the first in the world to combine these two technologies. This factory group Portuguese Lux Optimeyes Energy will be the first in the world to join solar panel technology with lithium batteries, thus seeking to obtain and create new hybrid products for the domestic and international market. The idea lies in the beginning of the combination of the two technologies and that the productive combination of the two technologies is innovative and that this may be the way of the future. Stressing the company that the solar panel with the battery allows to greatly extend the use of renewables. The unit will produce flexible photovoltaic solar panels and high temperature lithium batteries, in an initial investment of around five million euros, with community contribution. This production will not aim at the production of conventional photovoltaic panels, but rather an assembly line in the area of flexible solar, through adapted and special technologies for this purpose. The flexible panel allows applications in multiple locations, is lighter and more efficient, and can come to have several configurations. In the second production line of this factory will be the production of high temperature lithium batteries of the newest generation adapted to their function and climate in the countries of use. The products that from this factory may derive are of the most varied use possible, such as being used in the coverage of buses and their stops, in campervans, golf carts, highway noise protection panels, among others. Congratulations to this initiative and that many more of these initiatives come to Portugal. Source: Jornal de Negócios Images: Dinheirovivo
Which regions are most "wanted" for real estate investment in 2020-2021: Portugal, Greece, Cyprus, Malta or Montenegro?
The most “searched-for” regions for property investment in 2020-2021: Portugal, Greece, Cyprus, Malta or Montenegro? Investment in real estate conjures up different images for different people, and for good reason. It is fair to say that investors each have their own agenda and their own rationale for entering the real estate sphere. And this is not always based around pure monetary returns. So, in this article from Jamesedition, we’ll look at five European destinations for property investment in 2021: Portugal, Greece, Cyprus, Malta, Montenegro — and discuss key aspects of buying real estate there. Each of these countries could be classed as being “top” in at least one of the many considerations real estate investors might use. Portugal enjoyed a 10.3% property value growth in the first quarter up to March 2020, which immediately puts it top of the list for capital growth compared to the other destinations. Lisbon, Porto, Lisboa and Estoril all saw strong growth due to low interest and mortgage rates and a high rental demand in more urban areas. But property investment in Portugal is not all about capital returns and higher dividend yields: the real estate market has much more to offer. Golden Visa program in Portugal According to the Henley Passport Index, Portugal has the 6th strongest passport in the World (providing visa-free travel to most countries). The country is a member of the EU and places no restrictions on foreign investment in property. Most importantly, it offers a 5-year residency permit for non-EU citizens with the option to apply for permanent citizenship after that period. This policy also places it in 6th position worldwide in the so-called ‘Golden Visa program’ rankings. Spain, by comparison, offers only a 2-year residency permit, so the age-old ‘Spain or Portugal?’ question seems to be strongly answered in favor of property investment in Portugal. It’s not surprising that there are more than 200 real estate companies working with foreign buyers in Portugal, including bigger corporate players and local agencies. Property taxes in Portugal As for the property tax in Portugal, in 2017 the country introduced a ‘Wealth Tax’ of 1% on property investment in Portugal for real estate valued over €1m. But due to personal allowances afforded to individuals and couples, along with the abolition of domestic Stamp Duty, it has had little effect on the demand for premium property. Best places in Portugal to invest in real estate Considering lifestyle, the Algarve region is famous for its beautiful weather and fantastic golf resorts. This is where luxury meets lifestyle meets investment. But Portugal’s Silver Coast in the North is also a popular destination among real estate buyers. The area stretching from Ericeira (a 1-hour drive from Lisbon) to Nazare is well-known for its unique landscapes and the steady stream of tourists. https://www.jamesedition.com/stories/real-estate/top-european-countries-for-property-investment-portugal-greece-cyprus-malta-montenegro/
Expectations for office real estate: What do companies want right now?
Expectations for office real estate: What do companies want right now? Expectations for office properties: What companies want now. The home office trend is increasing demand for more flexible office space, but unfortunately there are few of them in the current real estate market. The pandemic-related shift of everyday work from the office to one's own home has made it generally more difficult to rent office space. Therefore, one can speak of a so-called pause in the market for office real estate, because let us be honest, the pandemic has led to a clear uncertainty in the company planning. The number of rental requests has decreased significantly due to Corona. It is like many companies have pressed the pause button. The still existing uncertainty among entrepreneurs and health authorities and politicians international and nationally that one is still not sure whether new waves of infection could lead to further lockdowns and thus influence the economic situation again. Opens the discussion about a central question that would be there, how, and how far and to what extent the pandemic will change the office work world in a lasting way, or already has. The translocation of the working environment, as well as the suspension of a large part of the business trips, leads to a new requirement for office buildings. New workplace regulations under COVID-19 could lead to companies having their employees work at a greater distance from each other. This can lead to a future increase in the demand for space by 10 to 15 percent, even if more employees work one or two days a week in the home office. New ideas and modern room solutions with modern surfaces are needed, which can be expanded or reduced whenever necessary. Flexible usage concepts are required with modern room solutions with innovatively designed work and conference areas as well as homely designed retreat rooms. Because of the increased use of videoconferencing rather than on-site calls, a fiber optic cable connection is essential and must be standard today. As well as the flexible and high-quality networking within the buildings. Author: Paulo lopes
Breaking news triggers demand for Portugal as a holiday destination for the British.
Portugal will be part of the "green list" of the United Kingdom, this eliminates all restrictions on the return home of British tourists, so there has been a rush of trips to Portugal this summer. The British Government will reveal today's list of countries to which Britons can make tourist trips from 17 May. The expectation is that Portugal will integrate this restricted batch of countries that will be included in this green list. The trend is being reported by various British media outlets. This reaction of the British customer only reveals the strong demand of these tourists, for the destination Portugal both loved and caressed in recent years by these tourists. Due to the covid-19 pandemic, it is currently forbidden to travel from the UK abroad without valid justification, particularly in leisure, but the British Government will ease the restrictions from 17 May, the third stage of the outlock plan. It is somewhat encouraging for our tourism industry to see this news, which only reaffirms the position that Portugal today has in the world as a destination of preference for a safe and quality holiday. After a dark year, the worst for tourism Portuguese may have already fallen behind. Everyone knows that his majesty's countries are the largest emitter of tourists to the Portuguese market, so if it is confirmed that Portugal will be on the "green list" the summer can be marked by a resumption of tourism by the British. The UK remained the main issuing market for tourists in 2020, accounting for 16.3% of non-resident overnight stays, despite a 78.5% decrease compared to the previous year, according to figures from the National Statistics Institute. In 2019 Portugal was visited by 2.5 million Britons. Source: Business Journal
What the Corona Crisis Means for the Real Estate Market in Portugal ?
Since the outbreak of the corona virus, the global economy has been experiencing a crisis unlike anything seen before. The economy and society are in a state of emergency. Investors have difficulty foreseeing where the ride is going! Only on the housing market has the Corona panic been manageable so far. House and flat prices have so far remained stable in Portugal and its largest urban centers such as Lisbon and Porto, according to the latest figures from the Bank Valuation Index of Portuguese banks for property loans, which rose by 6.8% in March compared to the previous month. This is the biggest increase since August last year. A clear sign that the Portuguese property market will continue to be popular with investors after Corona is the huge amount of investment in the Portuguese housing market by debt and large international investors. Last week the Belgian company Krest announced that it will invest another 200 million over the next 4 years, this week Nexity Portugal announced that after investing 120 million last year, it will invest another 250 million over 5 years in housing in Portugal. But also Kronos, which started its activities in Portugal in 2018, continues to focus on a growing and secure real estate market with new projects in Lisbon, Porto and the Algarve. Unlike the capital markets, economic crises usually have a delayed impact on the real estate market. So it is possible that the slump is yet to come. Some experts even fear that the corona virus could trigger a chain reaction and warn of the bursting of a real estate bubble. I believe that the pandemic has caused many people to rethink their decisions, and that the quality of life is more important than ever before when deciding where to live. Portugal is one of the European countries with one of the best digital infrastructures, and due to its family-friendly and multilingual inhabitants, it will become more and more a place of relocation for the next generations who will run their business or profession from their home office. There are currently no signs of a speculative bubble developing in the Portuguese property market. However, the Portuguese population is still facing a difficult test, because with a home ownership rate of about 85% and moratoria ending in September this year, there will certainly be some borrowers who will not be able to meet their obligations after the crisis. Nevertheless, I believe that the banks have learned from 2008 and that many borrowers will also make agreements with the banks to maintain these loans or to convert them into rental properties. Since the banks have not granted excessive or high-risk real estate loans and we have observed a moderate construction boom in the past, the question of oversupply does not exist. On the contrary, construction activity has been lagging behind demand for years. Nevertheless, it cannot be ruled out that private investors may hold back on property purchases for the time being and wait to see how the situation develops. We have already observed this in recent weeks and also last year, but it is manageable. Most interested parties are buying because the Portuguese real estate market, unlike other Southern European real estate markets, is and has been a permanently growing market, which has many reasons for which this article would not suffice. Autor: Paulo lopes
Portugal attracts 3.5 billion to handle the data of the “BIG4 Facebook, Google, Amazon, Microsoft”, and many others of IT with one of the largest mega data centers!
Presented this Friday the 23rd of April by Start Campus. The "Sines 4.0 hyperscale data center" will have an extraordinary capacity of up to 450 megawatts (MW), which will make it one of the largest data centers in Europe and put Portugal on the roadmap of the largest international IT companies. This mega center is intended to respond to demand for streaming technology, data processing and storage, social networking companies and applications. Sines 4.0 will thus bring Portugal to the center of the European data network, with the creation of 1200 highly qualified technological jobs in the areas of networks and information technologies. It is common opinion of investors and other IT entrepreneurs that this mega center and other projects will contribute to place Portugal definitively as a central data hub and the first Transatlantic Connectivity choice for all between the European, American and African continent. Many are unaware that our strategy position at the end of Europe and its direct and primary connection to the submarine cables Ellalink (Portugal South America), Equiano (Portugal South Africa) and 2Africa (Africa and the Middle East - Portugal - Europe), make Portugal the First Gateway and exit of data for all these continents. Portugal also has many more factors that attract investment of this nature, sustainability by the large percentage of energy production through renewable energies. The unoccupied territorial space that can design projects on a large scale and with dimensions that in other countries due to their population density would not be possible today. And "last but not least" our ability to adapt to new scenarios such as digitalization and the necessary ability to train citizens in our excellent universities for this purpose. Author: Paulo Lopes Images: LUSA
Properties for sale
Go to Page Nº:
Properties of the Week
5 Bedrooms - Villa - Carvoeiro - Lagoa
See More Properties