The acquisition of luxury properties in Portugal has undeniably reached an unusual level in recent years.
With the turbulent pandemic period, a drastic reduction in the turnover of this segment would be expected, as was seen in almost all industries and sectors. However, we ended up witnessing the opposite performance : the premium real estate market did not yield.
Today, our country has already consolidated its brand on the global map of luxury real estate , remaining one of the most attractive places for investment.
Understand the reasons behind the growth in demand for this type of property across the country.
The desire to enjoy luxury
Times of crisis are often good opportunities to invest and high-end homes have become increasingly attractive. The desires for personalization, exclusivity and luxury play an increasing role in people’s lives.
The quality of the construction, the strategic location, the innovative design , the leisure spaces, the large areas (indoors and outdoors), privacy and security are essential elements for any investor. Thus, these tangible assets continued to be referenced by buyers and did not suffer any devaluation.
Considered a safe investment , premium housing is in pole position for those with high financial resources. The target audience for this niche mostly intends to experience the sensations of pleasure of all the distinctive characteristics of a luxury property.
On the other hand, from a more pragmatic and purely financial perspective, investors will also be able to carry out deals within this segment taking into account the long-term potential for property appreciation .
The current panorama of luxury properties in Portugal
Luxury real estate has been the driving force of the Portuguese real estate sector, demonstrating remarkable resilience in the face of the COVID-19 pandemic. Although the largest share of investment originates from abroad, the number of Portuguese entering the luxury homes market has also grown.
The cities of Lisbon and Porto have achieved international notoriety. The rehabilitation of the respective urban centers has, moreover, seen luxury housing as one of its priorities. However, demand has also intensified in peripheral areas, capable of meeting the requirements of serenity and privacy.
The average investment in the acquisition of luxury properties in Portugal is 2.2 million euros. This value is clearly lower than the European average, set at 3.5 million euros.
The favorable national internal framework
In addition to the acquisition cost , there are several factors that contribute to Portugal’s prominent position at the top of investment preferences. Among the main ones are:
- Tax incentives for foreigners;
- Quality of life;
- Good safety ratings.
Additionally, the weather conditions , hospitality and gastronomy are other points that enhance the country’s external image and gain some weight in the decision of potential buyers.
Opportunities in the luxury property market have blossomed at a dizzying pace. From a win-win perspective , the deals concluded also result in a significant financial return for all agents involved in this market segment.
Would you be interested in entering a sector capable of guaranteeing you potential large profits, creating your own business ? Are you considering giving your career a new direction with an activity of notable prestige?
With DS PRIVATE , a premium brand from the DECIÕES E SOLUÇÕES Group, you may have the possibility of opening a store dedicated to the mediation of luxury properties . Visit our website and contact us for any additional clarifications.
