Real estate in the most sought-after areas of the major cities in Portugal is significantly cheaper compared to other cities in Europe.
A low equity starting from €60,000-€80,000 is required.
Up to 75% of the property value can be financed under attractive conditions from local banks (this applies even to foreign citizens).
The expected annual return on equity is between 8% to 12%.
here's an expectation of a significant increase in real estate and rental prices in Portugal in the coming years, by tens of percentages.
The real estate supply is significantly lower than the demand, a trend that's anticipated to continue in the near future.
Portugal is becoming a significant center for relocations and digital nomads, both from Israel and the rest of the world.
The country offers a Western European standard of living at a notably low cost.
The Portuguese economy has significantly strengthened over the past two decades and managed to recover commendably both from the economic crisis in 2008 and from the global crisis following the coronavirus pandemic. The country is experiencing a tremendous economic boom in all sectors: real estate and construction, industry, services, trade, and more. Investors from around the world have already recognized the immense potential in Portugal, and foreign investments are flowing into the country, boosting the economy. Major international companies and conglomerates have chosen to move their activity centers and headquarters to Portugal, including: Amazon, Natixis, Adidas, BMW, and Farfetch.
Unlike most European countries, the USA, and even Israel – in Portugal, most of the workforce returned to full employment by May 2021, and the employment rate in the economy returned to about 94%, a number identical to the pre-coronavirus situation. This outcome resulted from economic incentives from the government, a high level of vaccinations in the population, and a culture that prioritizes work.
In the first three quarters of 2021, real estate prices in the country recorded significant increases, with expectations for further significant price hikes in the coming years. In September 2021, real estate prices rose by 10% compared to 2020.
Unlike most European countries, the USA, and also Israel – in Portugal, most of the workforce returned to full employment already in May 2021, and the employment rate in the economy returned to about 94%, a number identical to the situation before the Coronavirus. The situation arose thanks to economic incentives from the government, a high level of vaccinations in the population, and a culture of work above all.
The Portuguese economy completed a 180-degree turnaround – from a negative GDP during most of the coronavirus months to a positive GDP starting from 2021. The increase was so significant that in the second quarter of 2021, there was a leap of no less than 16% in the GDP, one of the highest in Europe.
Portugal is ranked as the second fastest-growing country in the European Union. The economic growth is even expected to continue in the coming years, with a forecast by Portugal de Bank indicating a growth of 1.8% per year between 2023 and 2025.