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Top Locations to Purchase Real Estate in Europe for 2023

Porto’s real estate market has seen significant growth due to Portugal’s Golden Visa program. The city offers a blend of modern luxury and historical charm. Renowned for its port wine, cobbled streets, and scenic riverside, Porto offers a relaxed, bohemian vibe. With ongoing urban regeneration projects and the rise of short-term rental opportunities, investors can expect a solid rental ROI between 4% and 6%.

A country popular with digital nomads may soon scrap visas allowing citizenship rights

Portugal has been a frontrunner in attracting high net worth foreigners to the country’s pristine beaches, beautiful architecture, and quaint small towns. In 2022, for example, Portugal recorded an inflow of 1,300 millionaires, Henley & Partners and New World Wealth reported.

Rent of rooms for students rises 10.5% in year

The average price of rooms and flats for students to rent has risen by 10.5% in the last year, to well over €400 a month in Lisbon and Porto. renting a room in Porto costs an average of €425 per month and in Lisbon €450.

Retail real estate investment grows

Retail sales in Portugal grew by 3.1%, year-on-year, in May 2023, representing an increase of 0.6 p.p. compared to April 2023 (2.5%). The Food Products segment recorded an increase of 2.8%, while Non-Food Products increased by 3.2%.

Commercial real estate investment up by 18%

A report from The Portugal News sheds light on a compelling trend in the realm of real estate investment. According to the report, commercial real estate investment is experiencing a significant upsurge, encompassing various sectors and regions, having increased by 18% through June. This underscores a positive trajectory of commercial real estate investments, offering a glimpse into the evolving landscape of opportunities for investors.

Portugal top 5 for digital nomads

Portugal has secured a position in the top five countries for digital nomads. The country's appeal to remote workers is attributed to its excellent infrastructure, favorable cost of living, and vibrant lifestyle offerings. Portugal's reliable internet connectivity, coupled with its diverse landscapes and cultural experiences, has contributed to its popularity among those seeking a location-independent lifestyle.