High quality of life combined with a tourism boom and a strong property market
Portugal is a democratic republic and has been a member of the European Union since 1986.
Portugal is the westernmost point of Europe and lies on the west coast of the Iberian Peninsula.
Portugal is a country that people from all over the world immigrate to because of the business opportunities, the tax benefits, the comfortable climate, the warm and hospitable people and the highest level of European infrastructure.
The long Atlantic coastline is popular with visitors and locals alike. Surfers are drawn to the strong surf in the west, and the warm, sandy beaches in the south are a paradise for tourists.
After being on the brink of bankruptcy in 2008, Portugal recovered with an amazing growth rate of 2-3% per year.
The unemployment rate in Portugal as of the last quarter of 2023 is only 6.6%.
From 2017 to 2020, real estate prices in Portugal increased by 28%.
Why invest in Portugal?
As of May 2013, the OECD listed Portugal as one of the leading countries in the world for purchasing and holding real estate. According to the organization, Portuguese real estate is undervalued, and the ratio between the real estate price and rent makes Portugal undoubtedly the most attractive real estate market on the continent Europe.
The number of foreign people who want to invest in Portugal has increased greatly in recent years and many have chosen to do so under the Portuguese Golden Visa regime.
Real estate prices and the cost of living in Portugal are still relatively low compared to other European destinations, so Portugal is expected to continue to grow.
A particularly attractive tax system for retirees and high-tech people makes Portugal a preferred destination for residence and investment.
Porto was defined as the best investment in Europe for cities of its size in 2022. In addition, in the same year, Porto was ranked 1st by FDI magazine from the leading economic newspaper group FINANCIAL TIMES, which ranked Porto as the first city in the future investment index in Europe.
About 8 million tourists come to Porto a year.
In 2012 and 2014, the city was awarded the best tourist destination "World's Leading City Destination" in Europe.
Why invest in Bonfim neighborhood
Attractive location - Bonfim is located in the city center with high accessibility to all tourist areas, and borders the old city of Porto. Neighborhood rehabilitation - Bonfim is defined by the municipality as a neighborhood designated for rehabilitation and therefore the municipality gives incentives to entrepreneurs to build and renovate the neighborhood, something that also causes the real estate value to increase in recent years.
Price - the price per square meter in new apartments in the neighborhood is low compared to other neighborhoods
The neighborhoods in the demand areas in Porto at a rate of 20%-10%. The price in the neighborhood stands at an average of €5,000 - €3,800 per square meter.
