Before starting to search, ask yourself, which part of the Algarve suits you best? The mature investment in a high league in the Central Algarve? Or the upcoming Western Algarve which is more accessible as to real estate prices with sea views? Or rather the Eastern Algarve which is less advanced and has an overall lower price for properties?
Baixa is the main banking and shopping district in Lisbon. Investment here has reached a peak point. Historical buildings now gleam as Portugal finally emerges from the lost decade of its economic crisis.
Ever since King Luis I decided to set up his royal summer retreat on Portugal’s coast in the late 19th century, the fishing village of Cascais has been transformed into one of the country’s top getaway destinations. At the same time, the Cascais’ entrepreneurial ecosystem is as welcoming as its beaches. Its startup scene is still young, but Cascais is growing similar to tech hubs around the world, however with a lot more charm. A safe investment is always good in numbers and here are the numbers Cascais has to offer:
One of the best real estate investments in Lisbon City is bringing back to life old abandoned buildings or apartments with relevant architecture or history. Correctly restored (respecting the laws, the original architecture, materials but with updated infrastructure), it is sellable at twice or three times the investment.
You can't simply make a prediction based on the general area of a property, you're going to need to take into consideration several different factors of whatever property you to decide to fixate on, such as:
To make money off rent, target the estate at the university centre around and close to S.João Hospital. There is a constant flow of new students. You might want to pack 3-bedrooms with 6 people and generate cash on a weekly basis. The properties don’t need to be pristine. Apartments are still cheap enough to buy in higher volumes and have a company or individual managing them for you.
If you take time to search, you will find the nuggets of value around that area. Buy on the side of Gondomar, as you pay there fewer taxes. If you decide to bulk buy apartments, try having the garage space thrown in either for free or at a discount for some more revenue.
I would like to encourage you to carefully investigate any investment before taking action.
I don’t make any investment recommendations and suggest that you speak with a local accountant and a qualified local lawyer before making an investment.