Portugal is an attractive country for real estate investment due to its favourable business environment and strategic location. Foreigners are allowed to buy property in Portugal without any restrictions. The investment in real estate is considered safe. Lisbon and Porto are popular cities for investment. Our legal advisor can assist with the necessary documentation and help you understand the real estate investment process in Portugal.

Real estate investments can be divided into three categories: residential, commercial, and industrial. Residential real estate includes apartments, villas, and undeveloped lands. Commercial real estate involves investments in hotels, restaurants, offices, warehouses, stores, and shopping malls, which generate income and can be rented or leased. Industrial real estate includes investments in factories, manufacturing plants, mines, business parks, and farms, which create jobs, profits, and taxes for the government.

There are several reasons to invest in Portugal’s real estate, including the country’s status as a leading tourist destination, its membership in the European area with a single currency (Euro) and free trade, stable political and social environment, ability to apply for residency or Portuguese citizenship and move freely in the Schengen zone, competitive prices in cities like Lisbon and Porto, government promotion of foreign direct investment, unique tax benefits, and incentives for rural development.

To buy a property in Portugal, a NIF number and Portuguese bank account are required. Taxes for property ownership are the same for both foreign and native buyers and are based on the value and location of the property. Properties can be found through online research or with the help of real estate agencies. Investing in real estate can help obtain TRC. The minimum investment required for real estate in Portugal is around 30,000 euros. The Town Halls of each location are responsible for permitting real estate matters.