Luis Horta e Costa is a Portuguese-based businessman interested in real estate. He believes the time is ripe for investors to acquire properties in Portugal. Recently the country has experienced rapid growth in real estate development. This is the reason why Luis and other partners decided to launch Square View, an asset manager, and real estate developer.
According to Luis Horta e Costa and other real estate experts, Portugal offers a quality life at a low cost. The country’s top attractions include low cost of living, a mild climate all year round, a natural environment, and beautiful beaches. In addition, the government has accessible transport and healthcare systems as well as adequate safety.
The popularity of real estate in Portugal has presented a golden opportunity for Luis and other investors to develop beautiful properties. Among the regions that Luis finds suitable for investment is Albufeira, commonly referred to as the gateway to the Algarve. The region began as a fishing village and has developed significantly due to the beautiful beaches.
Another town that can give good returns on investment is Loulé; the town has attractive historical architecture built by the Moors and Romans during the Palaeolithic period. It is also surrounded by beautiful beaches and houses one of the Algarve’s largest malls.
Cascais is another picturesque beach town receiving vast numbers of European and non-EU property owners.
The town provides a relaxed environment at favorable prices compared to Lisbon. It is surrounded by beautifully maintained parks, stunning architecture, and free museums. Also on the list is Porto, famously known for its rich cultural and historical heritage.
Portugal is a hub for property hunters due to many reasons. First, it has many housing choices, including warehouse-style apartments, electric farmhouses, luxurious villas, and beachfront condos. Second, the properties have high-rental yields, thus suitable for property owners who need extra income.
Lastly, the country offers Golden Visa Program to investors who have purchased and owned properties for over five years. To qualify for the program, you must buy commercial or real estate in Azores and Madeira’s autonomous islands or any other designated areas.