(Reuters) - When Edward Hu bought a holiday home in Portugal's most popular tourist spot in September, the Chinese agricultural entrepreneur got a Europe-wide family travel permit thrown in for as long as he owns it.
"It's one of the biggest advantages of investing in Portugal," says Hu, 33, from Chengdu in southwest China, who paid 560,000 euros ($750,700) for a semi-detached property near the beach in the southern Algarve.
Since the start of 2013, 200 ‘millionaire’ pensioners have made the move to Portugal!
A recent report has revealed that since the start of 2013, 200 ‘millionaire’ pensioners have made the move to Portugal, and this can be attributed to a new tax incentive specifically designed to attract wealthy new residents.
The new incentive allows pensioners who opt to spend some of each year in Portugal to apply to become completely exempt from tax on a foreign-sourced occupational pension.
Estate agents in Murcia, Spain, are preparing for a busy time ahead after it was confirmed that the opening of the much awaited Paramount Theme Park in the region is set for the second half of 2015.
Premursa, the promoter behind the park and lifestyle centre, announced that it has awarded construction contracts to the value of €72 million so that work can start on the first phase of construction.
This week's sumptuous selection bestows eight spectacular delights ! Featuring a rare opportunity to purchase an extremely private property on an exclusive development in Portugal, a beautiful contemporary house in France with landscaped gardens, and stunning views of the Mediterranean, plus more. See below for the full listings...
Property Shop Portugal is a real estate company based in Central Portugal. We have over 20 years experience of the property market and have offices in Miranda do Corvo and Ansiao. Our carefully selected portfolio of properties includes new-build, renovation projects, land, farms, holiday homes, building plots and apartments.
For more information on any of the properties below please contact us:
T: 00351 239561134 / 00351 916270953
E: kevinormston@yahoo.com
W: www.propertyshopportugal.com
A new law was passed this summer which affects all property owners that have a property for sale. With effect from 1 December 2013 it is a legal requirement for any property in Portugal that is being commercially advertised for sale (or rent) to have an Energy Performance Certificate. Therefore whether your property is advertised with ourselves or with an Estate Agent or both, you will need to ensure you obtain a certificate.
Take advantage of this fantastic opportunity today, huge reductions on brand NEW apartments in the Algarve - Luz and Lagos.
Reductions only apply only until December 2013!
With the end of the year fast approaching, the Algarve has enjoyed a very good and strong year in terms of tourism and real estate sales. Buyers have not just come from the traditional markets like the UK+EU, but has also seen a strong influence from Asia and the Middle East.
We have seen a massive amount of ‘standing stock’ i.e. villas which have been on the market for a few years, now being sold, and we have also seen buyers bidding against each other to purchase a property.
