Portugal is the destination of choice for millionaires, buying luxury homes
There are a growing number of people who choose to buy homes outside of their country
A house with signature architecture, nice pool and privileged views are some of the qualities of luxury real estate, which millionaires do not mind paying for. Luxury homes not only allow to enjoy certain stewardships, but they remain the safest investments one can make.
According to the US newspaper The New York Times, Portugal is one of the countries that is targeted for foreign investors who decide to invest money in a second or third home, like a safety net. There is a growing number of people with assets over $ 30 million who choose to buy houses in the other countries, with international households already representing 16% of non-priority households, compared to 11% in 2010.
Mid-market buyers are spending between $ 250,000 and $ 500,000 on unique properties, but the richest are investing $ 1 million or more in various markets, from the Caribbean to Europe, including countries like France, Spain and Portugal. The security of the countries is also a factor that foreign investors are highly concerned about.
Source: Jornal Económico
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