Though arguably, one of the best investment decision most people make in their lives is investing in real estate. If you are thinking about venturing in real estate, one of the best places to buy properties in now in Lisbon. Portuguese nationals love this city and foreigners also adorn it. From an investor’s perspective, you might be interested in focusing on more than just its rich history. So this article looks at many reasons to in a property in Lisbon.
One of the main reasons investors keep flocking in Lisbon ate the incentives offered to investors. Investors enjoy substantial tax benefits provided by the Gold Visa Program. This policy has sparked massive growth within the Portuguese real estate industry. The Lisbon real estate market is a huge beneficiary considering that it is the capital, and any serious investor can never turn down the opportunity to have an investment near or at the heart of the city.
Infrastructural Growth & Accessibility
The location of the city and its never-ending upgrades are also key attractions to investors. The fact that the city is constantly undergoing massive infrastructural developments is also a key driver to the growth of this city. The transport network here is perfect, which makes the city open to visitors from all parts of the world.
The hospitality and friendly nature of Portuguese nationals mean that you will always feel at home. Portuguese citizens are known to be kind and sympathetic, thanks to their Latin roots and cultures. The weather in Lisbon is also quite welcoming. The Mediterranean climate provides means that the city enjoys moderate temperatures and year-round natural sunlight.
Security is always a key concern for any investor. At a time where terrorism is a global concern, you might be surprised to realize that acts of terrorism are unheard of in Portugal. The city also enjoys one of the lowest crime rates in the world. With the Institute of Economics and Peace (IEP) rating Portugal as the third safest country, Lisbon is undoubtedly a safe place to invest.
Cost of Living
As much as Lisbon shows marginally higher prices than other areas in Portugal, the fact is that the cost of living is reasonably balanced. Compared to other European cities, the cost of living and that of properties is inferior to that of major cities in Europe.
These are some among many reasons most investors are going to Portugal. Lisbon real estate can be highly rewarding especially if you get your investment decisions right. If you are new to Lisbon, it might be wise to get a real estate agent to help you get a better view of the property markets.