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A study by Warren Buffett’s Berkshire Hathaway HomeServices reveals “a growing interest in investing and living” in Portugal. Climate, security, financial initiatives, and the possibility of obtaining a residence visa are among the main motivations that lead foreigners to want to settle in Portugal: “The fact that interest rates are low, when compared to other countries (currently standing at 2.58%) and there are several financial initiatives and possibilities for obtaining a residence permit, have contributed to the country becoming a technological hub and startups with great relevance”, says the company.
The search for “a more relaxed lifestyle” combined with the possibility of performing remote work has driven the fixation of people and companies to southern Europe. “The fact that Portugal ranks sixth as one of the safest countries in the world in the Global Peace Index 2022 ranking, combined with its 300 days of sunshine per year are two of the main arguments that attract real estate investors to the country,” says Michael Vincent, CEO of BHHS Portugal Property, quoted in a statement.
Berkshire Hathaway also considers that, although with some limitations in terms of real estate stock, Portugal has several advantages that make it a successful investment like the fact that English is a widely spoken language, making it an appealing market for native English speakers, or the favorable climate and the affordable cost of living on one of the safest countries in the world.
More than enough reasons for you to start investing in Portugal!
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