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Portugal Property Increases by Foreign Investors (for Edit)

Portugal Property Increases by Foreign Investors (for Edit)

Portuguese property experts came together this month in Lisbon to assess the current state of a sector that is increasingly sought by foreign investors.

As Jornal Económico points out, foreign investors accounted for around 82% of all property investments in the first half of 2018.

Foreign tourists visiting Portugal have spent close to 11 billion euros on services during the first eight months of this year. Just shows how many foreigners visit Portugal

Pedro Seabra from Explorer Investments was one of the speakers at the event and explained that foreign investors choose Portugal for its “safety, potential to grow and attractive market”.

He said that the country attracts not only small investors who, to some extent, have powered this growth in the past years, but also property developers who take the risk and make long-term investments, why don't you take the risk? Definitely won't regret it. This lovely property is located in the prestigious golf resort of Vale do Lobo, A great selection of Championship golf courses are only minutes away, and Faro airport is a mere 20 minute drive away.

 

Another important advantage is the country’s growing a reputation as a luxury tourism destination. Rui Meneses Ferreira from investment group Kronos used one word to describe what foreign investors seek in Portugal, and in any other country: “profitability”.