Forbes considers Portugal one of the best destinations to invest
The renowned magazine Forbes considers Portugal one of the best destinations to invest in luxury real estate, revealing that it is an excellent choice due to the low prices and the good returns of the incomes.
In an article published yesterday, entitled: With $ 5 Million What Could I Buy In Real Estate Around The World?
Forbes describes that from a 925-square-meter apartment to an airport of 1,752 hectares plus residence, a $ 5 million property could be very different in many parts of the world.
Overall, the $ 5 million is considered the entry barrier to luxury properties, although in the Hamptons and Greenwich, Connecticut start at least $ 10 million.
But according to Greg Todora and Justin Petraglia, heads of the Todora-Petraglia Team, the investment consultants believe that today's best properties can be found in Portugal and Panama. According to experts should be considered: the risk profile, the investment horizon and the tax consequences, before making any decisions.
In the opinion of real estate consultants, Portugal is an excellent choice because real estate prices are generally low and rental income is high. While Panama is especially suited for American buyers seeking to protect their real estate investments against risk-free exchange rates, diversified purchase by global investors and growing opportunities made available by the Panama Canal.
But of course the diversity around the world is very large and Greg Todora even points out that in cities like Monaco, London and Hong Kong - where the price per square meter is among the highest in the world, the size of a property will be substantially smaller. "However, in return, you can not only get the best location and exclusivity, but also some of the best and most exclusive recreational, culinary and cultural experiences in the world," he concludes.10/11/2016