Portugal has a rich history that has had a significant impact on its property market. The country’s long tradition of exploration and colonization, particularly during the Age of Discovery in the 15th and 16th centuries, led to the establishment of a vast Portuguese empire that spanned the globe.
As a result, Portugal has a diverse architectural heritage, with a mix of styles that reflect the country’s cultural influences over the centuries. These styles range from Gothic and Renaissance to Baroque and Neoclassical, and can be seen in many of the country’s historic buildings and monuments.
In more recent times, Portugal’s transition to democracy in 1974 has meant that the country has
experienced significant economic growth, particularly in the tourism and real estate sector.
This growth has led to increased demand for real estate, particularly in popular tourist destinations such as Porto, Lisbon, and the Algarve region.
Today, Portugal’s real estate market is driven by a combination of factors, including economic growth, favorable tax policies and the “Golden Visa” program, which offers residency to foreign investors buying property in the country. These factors have helped make Portugal an attractive destination for real estate investment, both for national and international buyers.
