Goldcrest Real Estate: How to buy your new home in Portugal

Goldcrest Real Estate and Global Citizen Solutions publish a step-by-step guide to foreign investments in Portuguese real estate
The real estate market in the jewel of the Iberian Peninsula is growing strongly amid the pandemic,
with sales in the first quarter of 2020 over 50% of the last two years

Portugal may be a small European nation in the Iberian Peninsula, but its spectacular beauty, thriving culture and history attracted over 70,000 expats to its Atlantic coast in 2019, a 68% increase from 2018. And with a number of awards under its belt, including Being Voted Best Country for Retirement by the Annual Global Retirement Index, it’s no surprise that The Portuguese real estate market is booming, with over € 20 million invested in real estate in the 3rd quarter of 2020 alone (Bank of Portugal).

Whether investors are retiring or just looking for a home in the sun, buying property overseas requires thorough research. Purchasing agency based in Portugal, Goldcrest, now shares her years of experience on the market with her brand new e-book: Your expert guide to buying property in Portugal. The comprehensive guide provides readers with an up-to-date overview of the property market in Portugal, in the context of COVID-19 and Brexit and at the same time highlight the most desirable locations for buying a property.

As a local buyer broker based in Portugal and a division of the investment migration agency Global Citizen Solutions, Goldcrest shares insightful expertise and strategic advice based on years of experience from procurement to property acquisition. The book was designed as a simple six-step guide to the home buying process, highlighting potential pitfalls to look out for and practical information on how to move to Portugal for retirees, investors, and those interested in a second citizenship . The e-book, priced at $ 10.59, is now available for download from Amazon, directly from Goldcrest’s website: Your Expert Guide to Buying Property in Portugal – GoldCrest (portugalbuyersagent.com

An attractive growth market, even in times of a pandemic

Portugal has built a reputation for being a safe and stable country, and international buyers are drawn to its investment opportunities and tax-friendly policies. In the 1st quarter of 2020 alone, real estate investments in Portugal accounted for almost 50% of the total investment volume in the two previous years (Savills Portugal, 2020), which indicates an upward trend in the market. While average house prices fell in Lisbon in 2020, they continued to rise in Porto and the Algarve.

Internationally sought-after real estate market

The Algarve has long been known for its strong community of British expats, who accounted for 33% of foreign property purchases in the Algarve in 2019, but they are not alone in the south. “The French, Germans, Dutch and Swedes also shop in the south. In Lisbon it may be interesting to see that the largest European property buyers are the French. It’s similar in Porto, where the French buy more than three times more real estate than any other European country, although the Swiss and British also buy real estate here, ”says Patricia.

However, when it comes to investing in residence permits, China, Brazil and the US top the charts via Portugal’s Golden Visa program. “With an investment of 350,000 euros or more in the country, Chinese, Brazilian and North American investors are striving for EU rights and access to the rest of Europe. But these rules should change in 2022, and we will cover these aspects in our e-book as well.

About Global Citizen Solutions and Goldcrest Real Estate

Global Citizen Solutions is a boutique investment migration consultancy focused on finding the right residence or citizenship planning for individuals looking to secure their future and become global citizens. In 2018, Global Citizen Solutions launched its own real estate division: Goldcrest Real Estate, a buyer agency specializing in Portuguese real estate.

With offices in Portugal, the UK and Brazil, our multicultural and multilingual team accompanies individuals and families from start to finish, providing expert advice on freedom, mobility, taxation and security.

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For more information and images, please contact Gizane Campos at os [email protected]

About Goldcrest Real Estate

About Goldcrest Properties

In 2018, Global Citizen Solutions launched its own real estate division: Goldcrest Properties, a buying agency specializing in Portuguese real estate.

With offices in Portugal, the UK and Brazil, our multicultural and multilingual team accompanies individuals and families from start to finish, providing expert advice on freedom, mobility, taxation and security.

Global Citizen Solutions is a boutique investment migration consultancy focused on finding the right residence or citizenship planning for individuals looking to secure their future and become global citizens.