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Overview The Portuguese Algarve speaks for itself. A long-time destination for the English public and full of stunning beaches and world class golf courses. Portugal has excellent transport connections with the UK and a very strong rental market, with over 8 million tourists visiting Portugal every year. Investor Statistics With excellent infrastructure and capital appreciation at around 15% per annum and a strong, year round rental market, its no wonder that Portugal is regularly rated as an excellent investment location for the overseas property buyer. Most buildings are of a good standard and carry a five year guarantee on the construction. Rental yields are between 6-10% per annum. Taxation Alexander Richards would always recommend that you consult a tax specialist regarding your personal circumstances. Capital gains tax is set at 25%. Income is taxed at 15% and property is exempt of inheritance tax if passed to a direct descendent or spouse. Portugal has dual-taxation agreements in place with many EU countries. Financing Mortgages are available and typical rates are 4.25%. You can borrow up to 80% of the value of the property on up to 30 years mortgage. Always consult a financial advisor for advice. |
Portugal
