INVESTING IN PORTUGAL

Kleya Premium Living Partner, Vasco Silva, explains why, in the current climate, property in Portugal is a safe and sound investment.

How can Kleya Premium Living assist clients looking for a property investment?

Our approach is tailored to suit individual client needs, but we always take into consideration three core fundamentals: Safety, Flexibility and Return on Investment. In fact, buying a property is not only about finding that idyllic location to spend the summer or one’s sunset years. It’s a decision that involves a wider-reaching, significant financial commitment – it’s essential to ensure that this investment cannot easily be put at risk.

At the same time, it must be said that few can predict how the property market will perform in the medium to long-term term, hence choosing real estate with saleability or a property that can generate rental income, are both prudent options. Thinking of one’s home not only in terms of capital appreciation but also in relation to its income potential is a sensible approach.

Does Portugal represent an attractive investment proposition?

Portugal is without question a ‘safe harbour’ for property investment. Several factors influence this decision:

• the successful implementation and launch of the Golden Visa Programme which is attracting non-UE citizens to invest in Portuguese property with a value over € 500K, the investment upside of which is granting access to those individuals to free movement within 27 European assigned ‘Schengen Agreement’ countries.
• The Non Habitual Resident Regime (NHR), which is attracting European citizens from countries with prohibitive tax regimes, amongst them Sweden and France.
• Double-digit growth in tourism in Portugal which is boosting overall property demand, for short-term lets and second homes sales, specifically in urban areas.

All of the aforementioned indicators lead us to believe that Portugal stands as one of the strongest locations in Europe for investment growth moving forward.

For more information visit: www.kleyapremiumliving.com