Portugal’s two biggest cities are among the most exciting expat hubs in Europe right now. As Lisbon and Porto attract a global high-tech elite to start-ups in innovative work-live apartments, we spoke to Filippo Simonato, Residential Business Development Manager for JLL, based in Lisbon.
Portugal is a country of contrasts. Take the Algarve; a ten-minute drive can transport you from a rustic village to the glitz and glamour of a resort in the Golden Triangle. Or Lisbon, where a short walk will take you from an upmarket district, home to boutiques and glamorous apartments, to a charming neighbourhood with peeling paint and washing hanging from window sills. When you’ve worked out your budget, Portugal has the homes.
Portugal’s ‘non- habitual resident’ tax regime has done much to make Portugal the retirement destination of choice for people from France and Italy. Two recent reports in The Portugal Resident have brought Portugal’s appeal as a retirement destination into sharp focus.
The two key themes of the Portuguese property market today are shortage of supply and increasing demand. For people with a financial stake in the country, that adds up to a good thing.
Confidence in Lisbon as a global investment destination is rising, after reports highlighted both growth and affordability in its property market. Interest from foreign buyers is especially bullish.
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