With just under four months until Portugal’s golden visa rules tighten, buyers are heading to the Algarve and cities. What they’re finding is prices just starting to rise, but from a highly affordable base.
Since leaving the European Union, the UK is now considered a “third country”. As a result, it is now a legal requirement for all non-residents of Portugal who own property, hold a bank account or have a business there to appoint a tax representative. If you don’t, you could face fines of up to €7,500 – scary, right? But don’t panic – the deadline for finding a tax representative has been extended until 30 June 2022, thanks to Covid-19 disruption, so you still have plenty of time.
Portugal is fast becoming a popular choice for investors. Offering an attractive Golden Visa scheme and plenty of rental opportunity, it’s easy to see why.
Ah, the Algarve. Known around the globe for its prestigious golf and leisure resorts, golden sandy coves and lively nightlife. But there is so much more to Portugal’s Faro district. If you want to experience the authentic Portuguese lifestyle, head west…
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