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- By Faisal
The 5 Common Reasons for Oman Investors to Choose Portugal Luxury Real Estate
Portugal has become one of the most popular destinations for luxury real estate investors due to its low cost of living, excellent infrastructure, and stable economy.
In addition to these factors, Portugal offers an abundance of opportunities for investment. But, there are other various reasons why Oman and other gulf countries investors are attracted to Portugal.
And like other foreign investors interested in the country luxury property market, also Oman investors have increasing their interest in Portuguese real estate.
Here are the five most common reasons a Portugal buyers agent company refers as why luxury real estate in Portugal is getting continuous overseas attention right now.
#1. Low Cost of Living
Omani investors often find themselves paying too much for rent and utilities in Dubai. This is especially true for those who live in apartments without air conditioning.
However, Portugal offers affordable housing options for everyone. For example, a one-bedroom apartment costs approximately $500 per month in Lisbon.
This makes it possible for investors to purchase a property in Portugal for half the price of similar properties in Dubai.
#2. Excellent Infrastructure
Investors may also choose Portugal because of its excellent infrastructure. Many cities in Portugal offer modern transportation systems such as metro lines, highways, and airports.
These features allow investors to travel easily between locations.
Additionally, many Portuguese cities have been ranked among the top 10 safest cities in Europe.
#3. Stable Economy
Finally, investors choose Portugal for its stable economy. According to World Bank data, Portugal had the second highest GDP growth rate in the European Union in 2016.
Furthermore, the country was rated number 1 in terms of economic stability by the Economist Intelligence Unit in 2017.
This means that investors can expect a steady flow of rental revenue from their properties.
#4. Abundance of Investment Opportunities
Many countries in other continents lack adequate infrastructure. However, Portugal does not suffer from this problem.
For example, the country boasts over 3 million square meters of office space.
Moreover, the city of Porto alone has over 2.6 million square meters of commercial space available for lease.
This means that there are plenty of opportunities for investors to invest in Portugal.
#5. Easy Access to Major Cities
Portugal is located near major cities such as London, Paris, Madrid, Rome, Barcelona, and Berlin.
As a result, investors can access these cities quickly via train or plane.
This allows investors to save money on travel expenses.
Overall, Portugal provides a variety of benefits for investors. These include low cost of living, abundant investment opportunities, and ease of access to major cities.
So, if you are considering investing in Portugal, here are three things you should know.
- First, Portugal is known for its beautiful beaches. If you plan to visit the country, you should definitely spend some time relaxing on the coast.
- Second, the weather in Portugal is warm all year round. As a result, you don’t have to worry about winter season.
- Third, Portugal is well connected to major cities in Europe. Therefore, you can easily commute to any location in Europe.
All in all, Portugal is a perfect destination for luxury real estate investors.