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The Portuguese Association of Real Estate Developers and Investors (APPII) has launched a programme to relaunch Portugal’s property market. Measures include relaunching the Golden Visa scheme and the Non-Habitual Residency programme to attract foreign investment.
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Its “perfect living conditions” and “high level of security” have secured Portugal’s place as the third safest country in the world, according to the 2020 Global Peace Index.
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The decline of house prices caused by the COVID-19 pandemic (see here) could open the doors for opportunistic investors and help turn around the crisis, according to a Deloitte partner.
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Portugal's hotels are ready to welcome tourists, although it is not clear when this will happen. The Algarve region, which is highly sought after by tourists for its beautiful beaches, great golf courses and relatively low prices, already has more than a third of its hotels open.
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The real estate sector could be one of the first to come out of the crisis despite marked inactivity in the month of April, say industry experts.
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