Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 

New rules to attract non-EU investors to Portuguese property

Date : (News Section: Portugal)

Share
New rules to attract non-EU investors to Portuguese property
At the start of next month, new legislation will come into force in Portugal that is designed to make the country a more attractive investment destination for those outside the European Union (EU).

Algarve Resident revealed the new rules will enable non-EU residents to obtain a long-term visa in the country if they invest in a business or property.

The publication explained there are three ways to become eligible for the visa. These are making a transfer of at least €1 million (£798,913) in capital, buying a Portuguese property worth a minimum of €500,000 or creating 30 or more jobs.

Speaking to the news provider, Andrew Coutts, managing director of ILM Asset Management, said the changes to the legislation should "catalyse demand for our resort and second-home market from outside the eurozone, where there is an economic dynamic, with emerging middle classes wishing to travel and invest in second-home properties".

According to the latest house price index from Global Property Guide, Portugal has seen 10.95 per cent shaved off the value of its real estate assets between the second quarter of this year and the same period in 2011.
Share

Article by +James Roberts on behalf of Propertyshowrooms.com

Read More

  1. 24 July 2014 - Algarve Real Estate Booming
  2. 15 July 2014 - Portugal's Housing Market Stabilises
  3. 19 May 2014 - 10 Things you Never Knew About Portugal
  4. 29 April 2014 - Investor Sentiment Improves as Portugalís Clean Exit From Euro Zone Bailout Seems Likely
  5. 05 March 2014 - Buyer Interest Up but Letting Activity Flat in Portugal






Let us search for you Let Us find Property in Portugal for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Portugal.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Currencies 4 U

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Portugal
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo