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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

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.


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...

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