Portugal: An Investment Hotspot

Portugal: An Investment Hotspot

Portugal: An Investment Hotspot

People are motivated to move to other countries for different reasons. Some are looking for a better climate others a new way of life. But whatever your reason moving abroad is one of the most important decisions you are likely to make. There is a lot to consider such as where to live, what you need for day-to-day living and schools etc. One thing is for certain the decision you make needs to be financially viable.

Why Buy Property in Portugal

Located on the Iberian Peninsula, Portugal offers various benefits in terms of return on investment and lifestyle

At just 2 hrs 40 minutes from London it is easily accessible making it perfect as a weekend retreat or permanent home

Portugal's tourist industry is booming with over 11 million visitors in 2009 and a forecasted annual growth of 3% until 2017. Incidentally, the population is only around 11 million so not exactly crowded. This makes the country an ideal place to buy a holiday home which can be rented easily if you are not using it

The country boasts some of the most world renowned golf courses in the world with over 200,000 golfers descending on the country every year. So if you are a retiree with a penchant for the game this could be the country for you

Portugal is politically stable and has been a member of the EU since 1986. It has also benefited from EU investment to improve transport infrastructure, which has helped the economy grow. Another benefit of EU membership is if you are from a fellow member country you do not need a visa to live or work

If you are looking for a stunning climate and want to get away from freezing winters the UK regularly has to endure Portugal enjoys over 3,000 hours of sunshine every year compared to England's measly 1,450.

Portugal has over 840 Km of coastline with over 200 beaches and 14 marinas, which provides some stunning waterfront apartments across the coast. With this many beaches you can find quiet secluded spots or bustling party havens for a more exciting time

Moving to another country is a big commitment and you may want to start your own business to finance your lifestyle, fortunately Portugal has some of the lowest Corporation Tax in Western Europe

Portugal's property market has risen consistently over the last 10 years at a rate of almost 10% per annum. A favourable accolade is Channel 4 voted Portugal as one of the top 3 investment locations on several occasions. The television channel also bestowed the 'A Place in the Sun' award in 2006 and placed Portugal third as the best place to invest. The programme's 2006 research suggested that a 100,000 investment in Portugal could be worth 460,000 in ten year's time compared to 289,000 in Spain

There are also lots of expat communities with good international schools with high levels of education which are cheaper than many private schools in the UK

Making the decision to move abroad is always going to be tough but with so much going for it buying property in Portugal is certainly not a bad idea.

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