Lisbon is the capital city of Portugal with the largest in size in the country. Lisbon has been very popular amongst the Portuguese who called it the most livable city of the country with more than 1 million people live in the outskirts areas of the city.
Owing to the lower prices of rental homes and living expenditure on the part of the people comparatively to the other major metropolitan cities of Western Europe, the city of Lisbon has potential to attract the huge number of foreign migrants that ultimately increase appeal of the cosmopolitan. One can engage in a lot of adventurous and entertainment activities offered by the city of Lisbon such as you can easily visit the nearby beach town that will give you the opportunity to relax yourself after engaging in the busy and hectic life.
If you are planning to settle in the city of Lisbon with your family member, you would not have to worry about anything as the city offers the best facilities in the shape of numerous public and private international standard schools and educational institutions.
Lisbon is considered to be the very attractive and stunning city as far as real estate property is concerned. It seems to have the thriving and ever-growing investment property market that has the lower prices as compare to the many other cities of the Western Europe. As the matter of the fact, if you are unable to speak Portuguese, you may find it hard to get over with the financial and legal complexities that come along with the buying of real estate property.
In an attempt to find out the perfect real estate property in Lisbon, all you have to do is to seek out the reputable location agent and professional lawyer who can help you in avoiding the problems amid the process of buying home. If you are thinking to establish your settlement in the city of Lisbon, then certainly, you would need a place to live comfortably.
It has been estimated that approximately, 75% of the inhabitants and locals of Lisbon have their own home than having the rental home that shows that rate is 10% higher than the homeownership rate in other countries such as USA or UK. In the city of Lisbon, there are as such no restrictions or technical complexities in the process of purchasing home or real estate property as the foreigner. And the most importantly, the real estate sector in Lisbon seems to be very well-established along with the booming prospects of success in times to come.
It has been said that property in Portugal seems to be risky investment owing to the economic deprivation that took place in the years of 2012 and 2013. As the result, the average value of the property homes and houses decreased to the greater extent followed by the recovery of the market in 2013 that ultimately showed the positive signs of the growth in real estate property in Lisbon. In the year of 2016, the value and prices of the Lisbon increased with the metropolitan increased around 2.6% in a year.
If you are the foreigner willing to purchase the property in Lisbon, Portugal, you do not have to worry about its process. There seems to be neither difficult requirements, nor paperwork so it would allow you to get over with buying of home easily and conveniently. If you purchase the house in the country of Portugal as the third country national, you would be given the golden visa that would enable you to have the 5 year residency, given property is purchased for over euro 500,000.