Portugal is one of the top markets in the world for real estate investment. The Portuguese real estate market is fast growing due to a number of reasons such as growing immigration especially of high net worth individuals into Portugal. A lot of foreigners have been moving into Portugal from all across the globe including countries such as USA, Canada, United Kingdom, South Africa, Scandinavia, Russia, Ukraine, India, UAE, China, Brazil and other Portuguese speaking countries. People are moving to Portugal for the high quality of life, affordable living, warm moderate weather, year round tourist activities as well as the booming real estate markets. Portugal is also a thriving destination due to the NHR (Non Habitual Resident) Program that has attracted a lot of millionaires from all over the world to make it their primary residence and avail the attractive tax benefits available in the country
The Portuguese real estate market is also growing due to shortage of housing in the country. As such any new real estate development gets absorbed by the local population due to lack of housing supply in the country. Most locals and foreigners in Portugal are looking to upgrade their houses to bigger houses with more green areas as well as cheaper housing as housing prices are getting unaffordable due to global inflation
There are a number of opportunities in the real estate space in Portugal including the following opportunities:
– fix and flip business, where one can buy existing apartments or buildings and then renovate them and finally sell them
– fix and yield where one can buy an existing apartment, villa or building and then renovate it and then put it on rent
– Greenfield development of new villas, housing, offices, hotels, warehouses or industrial parks
– buying of operating hotels or other tourism assets
– land banking in both urban and rural areas of Portugal