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Buy a property in Portugal to enter the short-term rental market
Do you want to invest in Portugal? In this article, discover the advantages of rental real estate in Portugal and mainly in the north of Portugal.
Rental real estate in Portugal is booming.
The Portuguese real estate market has experienced a sharp rise in recent years thanks to the country's economic stability and its strategic geographical position between the main European commercial centers such as London, Paris or Madrid.
The rental property market in Portugal
There are currently plenty of affordable real estate opportunities available all over Portugal. Most of the properties are ready-to-live-in giving a warm welcome to tourists coming to visit the magnificent natural site whatever the length of their stay (short, medium or long term).
The Portuguese government strongly encourages rental property investment through various advantageous tax programs such as the tax deduction on certain acquisition-related costs; total exemption for 8 years from the date of acquisition, possibility of obtaining a golden visa, etc.
In conclusion, investing in furnished rentals can be extremely lucrative both financially and personally since you will not only benefit from additional income but also discover another fascinating aspect of this fabulous country every day!
The real estate and seasonal rental market
With its beautiful beaches, Mediterranean climate and culture rich in history, Portugal attracts thousands of foreign investors every year in search of profitable rental properties.
The growing demand for rentals in Portugal has led to a significant increase in rental prices throughout Portugal in recent years. Modern villas located near major tourist attractions such as Porto or different seaside resorts like Viana do Castelo or Vila do Conde can reach up to €2,000 per month depending on the location and features offered (private swimming pool, stunning views etc. ).
In some quieter neighborhoods like Esposende or around Amarante where there is much less tourism, there are still some good deals around €1,500/month.
Long-term rental
For those looking to invest long term, there are always different types of interesting real estate: old apartments to renovate, typical traditional Portuguese houses... The current trend showing that certain sectors will experience a significant increase soon giving potential buyers an excellent return. on investment.
Finally, however, before undertaking such an investment, make sure you first correctly assess your needs in order to obtain exactly what you will need.
The rental property market in the North of Portugal
The north of Portugal is a region rich in opportunities for real estate investors. With relatively low property prices and a very active rental market, northern Portugal offers owners the opportunity to invest for the long term with the possibility of generating stable income thanks to the property lessor.
Coastal towns like Porto are particularly popular among foreign buyers looking for profitable real estate or even just a second home on the Portuguese beach. Modern apartments located near major tourist attractions can be rented year-round and provide potential owners with a steady stream of seasonal rentals.
Local demand for affordable housing will remain strong as there are plenty of jobs available around the local industrial sector. This means that there is always a good stable source of interesting customers in the short and medium term.
In addition, some rural areas have experienced significant increases in young populations in recent years, attracting various innovative urban projects, some of which involve renting real estate to create small, vibrant urban communities.
If you want to enjoy a successful investment in northern Portugal, Rental real estate is the first solution.
