New buildings in Portugal
Location and climate
Portugal is a country located in the southwestern part of the Iberian Peninsula, bordered in the east and north by Spain, in the west and south by the Atlantic Ocean. Member of NATO and European Union. The climate is Mediterranean, subtropical. The average temperatures in January are from 5 to 10°C, in July - from 20 to 28°C.
For the information of the investors: economics, culture, education
The economy of Portugal is industrial and agrarian; the following industries are developed: metallurgical, machine-building, textile, petrochemical, cement, oil refining, olive oil production, processing of cork bark. In agriculture - animal husbandry (cattle breeding is of the greatest importance), fishing. Tourism plays an important role. The country has a high level of income. In the ranking of world economies, Portugal is defined as an economically developed state. Moderate prices for residential real estate (for the European market), relatively low labor costs with high qualifications, especially local engineers, have played a role in turning Portugal into a competitive business environment. National and municipal governments are doing a lot to make it easier to open and run a business, reduce the tax burden, and attract specialists and companies.
The culture is rooted in the Romanesque tradition. Music has common origins with Spanish. The most common song genre is fado (a solo lyrical song, something between bright Spanish melodies and mild Portuguese melancholy).
The country has seven universities that are included in the prestigious QS World University Rankings 2021. The University of Lisbon occupies a leading position in it. In the last decade, higher education here has undergone a profound reform and fully meets the requirements of European standards.
It is profitable to buy an apartment in Portugal in a new building
Demand for real estate in Portugal in the new buildings is increasing, developers are reviving projects, trying to make the most of the moment of market recovery. Ambitious projects are offered in traditionally popular places.
The advantages of buying an apartment in a new building in Portugal are:
- the choice of materials and finishes;
- completeness of information about the quality of the materials used;
- housing estates in Portugal comply with new legal requirements for energy efficiency and environmental friendliness;
- the design of apartments in new buildings provides more natural light (large windows and open floor plan);
Buying an apartment from a developer in Portugal means getting a five-year quality guarantee.
Currently, the lowest cost of an area in a new building from a developer in the capital (Lisbon) handed over on a turnkey basis (according to the information of the GEOLN.COM search engine) is 5,470 USD per square meter.
Conditions for purchasing an apartment in Portugal from a developer by foreigners
Sale of apartments from developers is carried out to foreign investors freely without any restrictions and special conditions.
Purchasing an apartment in a new building in Portugal is an investment with a high return on rental and resale, in a country with an excellent health-improving climate, a developed economy in the single space of the European Union.