Why it is a Good Idea to Invest in Portuguese Real Estate?
Portugal’s Golden Visa Program constantly increases its value and popularity. On top of its massive tourism activity, recently the country has become a destination for second citizenship, too. In addition to being awarded the title of “Europe’s Leading Destination” at the World Travel Awards Europe Gala ceremony in 2018, the country started to receive big amounts of real estate investments through its Golden Visa Program.
Eco-Friendly Capital Lisbon
Apart from the country’s success at the tourism sector, Lisbon picked up the award of “European Green Capital 2020” at a ceremony held in Nijmegen. The jury based their decision on sustainability, and felt that Lisbon could be an inspiration and role-model for many other cities in the European Union. The Portuguese capital constituted an example for the success in both economic growth and sustainability.
Lisbon is made up of 18 municipalities, some of which still have a village feel. The jury naming Lisbon as European Green Capital 2020 stressed in its findings how Greater Lisbon is especially good at sustainable land use, green growth and ecological innovation, climate change adaptation and sustainable urban transport solutions. So, despite being one of the most popular capitals around the world, Lisbon is still the place to live in. Still, the city centre might not be attractive for everyone, and the capital is no short of other options either.
Vibrance and Peace are Closely Connected
Portuguese property and especially Lisbon homes have increased their value quite rapidly in recent years. Therefore, investors usually find it expensive in the centre of Lisbon to buy real estate. Still, more rural parts of Lisbon or the coastal regions offer great real estate opportunities.
Cascais is a town and a municipality 30 kilometres away from the west of Lisbon. It is just another popular place for real estate investment. Around 210,000 residents live in Cascais year-round. Formerly a fishing village, later Cascais had been a resort for Portugal’s Royal Family in the late 19th and early 20th centuries. Located on the Portuguese Riviera, or Estorial coast, Cascais is well connected by road (the A5 Lisbon to Cascais motorway) and train.
Cascais has many hotels and restaurants, as well as its own Museum Quarter. The town has a cosmopolitan, sophisticated feel. Also, the town is set against a background of the Sintra Mountains to the north and high cliffs to the west.