You are here

Portugal property still a big draw for foreigners despite 'golden visa' scandal

Britons in top place among 23,000 foreign buyers last year, followed by Chinese and French

BT_20150202_NAHPOR2_1491415.jpg
Portugal's warm climate, low property prices and tax breaks for European retirees continue to pull in many buyers. Chinese and Brazilian investors are taking advantage of the market as well.

Lisbon

PORTUGAL'S property market continues to expand at double-digit rates, thanks to foreign buyers, including China's new wealthy, despite a corruption scandal over visas used to lure in rich non-Europeans.

More than one in five residences sold in Portugal last year was bought

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom