Real estate development in Portugal, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Portugal.
While property prices in Portugal have risen, they are still relatively affordable compared to other European countries like France, Spain, and the UK.
The demand for real estate is growing, but there are still opportunities to find properties at competitive prices, particularly in up-and-coming areas.
Portugal offers a Golden Visa program, which allows non-EU investors to obtain residency by purchasing real estate that meets certain criteria. This is particularly attractive for those seeking access to the EU market and the opportunity for a second passport.
As sustainability becomes more important globally, there is increasing demand for eco-friendly and energy-efficient buildings. New developments in Portugal often incorporate these features, making them attractive for environmentally-conscious investors.
Why Buy or Invest in New Real Estate Developments in Portugal.
While property prices in Portugal have risen, they are still relatively affordable compared to other European countries like France, Spain, and the UK.
The demand for real estate is growing, but there are still opportunities to find properties at competitive prices, particularly in up-and-coming areas.
Portugal offers a Golden Visa program, which allows non-EU investors to obtain residency by purchasing real estate that meets certain criteria. This is particularly attractive for those seeking access to the EU market and the opportunity for a second passport.
As sustainability becomes more important globally, there is increasing demand for eco-friendly and energy-efficient buildings. New developments in Portugal often incorporate these features, making them attractive for environmentally-conscious investors.
