58sqm, One Bedroom 2nd Floor Apartment, Portugal

Portugal has become a vibrant centre for tourism, with over 20 million tourists visiting the country in 2017. Following prudent steps taken by the Portuguese government over the last few years, the country’s economy has successfully recovered from the financial crisis in 2008 and has managed to keep growing steadily and consistently since 2014.

Ernst & Young have reported that, foreign investments in Portugal are currently skyrocketing, and all relevant economic measurements are in a positive trend. The Portuguese real estate market growth started simultaneously with Portugal’s recovery from the financial crisis. Since 2014, the housing prices have increased exponentially.

Porto lies on the shores of the Atlantic Ocean and is characterised for its unique and extraordinary mountainous landscape. Being the capital of the North of Portugal, many local corporations have established their headquarters within its area and are responsible for the employment of many of the city’s residents. Porto has a highly developed public transportation system - The six lines of its light rail train span across 60km, making it the largest urban public transportation system in all of Portugal.

According to a report published in 2018 by Cushman & Wakefield, the shortage in residential apartments in and the high demand, has led to a significant increase of about 32% in the value of apartments between 2013 and 2017.

Characteristics: This is a 4-story building, containing eight apartments in sizes of 58 square meters to 179 square meters. The apartments in this project are built according to high level building standards, with accordance to the quarter’s unique characteristics and the popular features of the Foz area.

Location: This project is located on 276 Diu Street in the affluent Foz Quarter. The distance between the beach and the building’s entrance door is about 350 meters, or a two-minute walk. It is also located near the beautiful promenade, restaurants, and cafes. This is a pleasant and quiet area, far from the noise and traffic of Porto’s city centre.

Capital Gains

• According to a report published by Cushman & Wakefield, Porto’s real estate prices have increased by 32% between 2013 and 2017.
• In 2017, the housing prices in Porto have increased by 5.28%.

Rental Yield

• According to a report published by JLL, the rental price in Portugal has increased by 45% over the last 5 years.
• Deloitte published a report on the Rental yield of residential property in Porto. In 2017 it stood at approximately 6%. According to other estimations, as of 2018, revenue from rent in Porto stands at about 7%.

One of the mains benefits to investing in Portugal is the Golden Visa programme. A system that was put into place by the government that allows investors to claim citizenship 5 years after the purchase.

Key Details

• Applicable to investors who purchase real estate worth over €500,000
• Dual Nationality and EU citizen
• Free-movement across EU countries
• Beneficial for UK investors if there's a no deal Brexit.
• Tax relief from real estate income
• Your whole family is eligible

For more information, read our article discussing the benefits of the Golden Visa. Alternatively contact us if you have any questions about eligibility.