Most locations in Portugal are bound to have some appeal for obvious lifestyle reasons, such as climate and proximity to the Mediterranean. But the country is also increasingly attractive to investors seeking a strong return.
Indeed, Portugal’s financial appeal has returned to form since the Eurozone crisis. In the third quarter of 2016, the country’s official house price index showed that property values jumped 7.6 per cent year-on-year. Sales of Portuguese property were also on the up, with a total of 31,535 dwellings transacted from July to September 2016, an increase of 15.8 per cent over the same period in 2015.
The country’s Golden Visa scheme has been central to its appeal, offering residency in exchange for investment from non-EU buyers. Official data shows that the number of approved Golden Visa investors doubled in 2016, led by rising Chinese demand. Since the first visas were issued in October 2012, a total of 4,202 investors have been approved for Golden Visas (as of the end of 2016).
Lisbon has always featured prominently in buyers’ wishlists. Being the fashion capital of Portugal and a top cultural destination are certainly factors for many, but its prominence as an economic hub makes it a priority destination for Chinese investors.
Looking for a lucrative investment? Check out these four properties in Portugal’s capital that are sure to deliver good returns for the right price:
1. Beato, Lisbon – 1 Bed Apartment
Asking Price: From £325,624
This completely refurbished house features a fully equipped kitchen and an internal garden contained within a spacious courtyard. Close to the waterfront and within walking distance of train stations this is a great townhouse, well suited for buy-to-let investment.
2. Alameda dos Oceanos, Lisbon – 5 Bed Apartment
Asking Price: £507,973
Located between a major train station and the marina, this spacious apartment features modern interiors and a large balcony.
3. Ajuda, Lisbon – 2 Bed Condo
Asking Price: £651,248
A high-end apartment in a modern condominium, which is close to the waterfront. Located in a large complex featuring an ornate communal pool and plenty of green spaces.
4. Avenidas Novas, Lisbon – 4 Bed Apartment
Asking Price: From £1,224,345
This is a top quality four bed apartment in one of the best locations in Lisbon and one of most prestigious apartment buildings in the city. Walking distance to a major shopping centre and with several metro stations and two train stations close by.