Portugal’s luxury housing market continues to attract foreign investment

Portugal’s luxury housing market continues to attract overseas buyers because it offers lifestyle, quality, and a safe investment.

This is according to Beatriz Rubio, the CEO of RE/MAX Collection who says Portugal offers a unique balance between lifestyle quality and properties that retain and increase their value.

In an opinion piece in the business daily Negócios, Beatriz Rubio points out that Portugal offers a rare combination: security, a mild climate, excellent cuisine, hospitality and a diverse variety of different types of property.

Unlike other destinations that depend only on prestige or location, Portugal allies the European lifestyle with local authenticity and this is increasingly prized.

Lisbon and Porto are consolidated markets as cosmopolitan hubs, with historic neighbourhoods that have been done up, and signature projects that co-exist with tradition.

The Algarve continues to have a top reputation and status with its golf courses, world-class marinas and exclusive resorts.

Areas like Melides, Comporta or the Alentejo coast have gained importance with properties set in the landscape in harmony with nature and with a new concept of luxury – sophisticated simplicity.

There are also strategic factors that make Portugal attractive such as political stability, being part of the European Union, a competitive tax regime for non-habitual residents and the efficiency of the justice system are all decisive aspects when buying a property.

And even with the end of the previous Golden Visa model in large cities, overseas interest has remained with the new model focused on properties with history, and refurbishment projects with a difference in low-density high-potential areas.

According to Beatriz Rubio, investors today are looking for houses with a lot of space, the interior flowing seamlessly with the outdoors, energy efficiency and integration with the landscape.