First of all, the law (Portuguese) din´t change. Portugal hasn't set any regulations or legal restrictions on citizens of any nationality buying property.
Antonio Costa, Portuguese Prime Minister, has said he will ensure that the rights of British citizens who live or invest in Portugal will be respected.
Portugal's historical links with the United Kingdom go back from stern to stern - to the Windsor Treaty (1386), long before the European union was thought of - and the Prime minister (Antonio Costa) is well cognizant that the Portuguese economy relies heavily upon construction and tourism, especially in locations like the Silver Coast (Costa da Prata, Caldas da Rainha), Algarve, Porto and more.
Legally, there is nothing to worry about it, and can start looking for the properties to live or rebuild in Portugal.
Why to Invest in Portugal?
During the recent years, the Portuguese government has brought in an array of attractive tax exceptions for overseas investors. Along with the country’s newfangled emergence from downturn, economists testify that there has never been a suitable time to buy into the country.
Those who prefer a metro life, may go through these blog posts:
Where to buy property in Portugal?
When making a decision where to buy property in Portugal, you will need to opt whether you are more interested in a metro city like Lisbon or Porto, beach life, or get a charge out of a sober countryside.Those who prefer a metro life, may go through these blog posts:
- 6 Affordable apartments to buy in Lisbon
- 6 Reasonable houses to buy in Lisbon
- 6 Affordable apartments to buy in Porto
- 6 Reasonable houses to buy in Porto
Those who opt for a beach life, may go through these blog posts:
- Top five Silver coast beach apartments in Portugal
- Top five Silver coast houses for an affordable price
- Tips for buying properties in the Silver coast of Portugal
- Properties to rebuild in the Silver coast
Those who single out a rural life, may go through these blog posts:
- Top 6 farms to buy in Portugal
- The best rural properties to invest in Portugal
- Properties to rebuild in Portugal
- Reasonable rural properties in Portugal
In short, Portugal is a free country. Anyone with proper documents can buy and own a property in this country. Five years is the minimum time for a property owner to request for Portuguese nationality and passport.
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