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Engel & Völkers Licence Partner Algarve > Blog > Portugal, one the best in Europe for buy-to-let investment

Portugal, one the best in Europe for buy-to-let investment

According toTheMoveChannel, the leading independent international real estate website, Portugal is the second most sought-after country on the portal, but has the ninth best rental income on the European continent (5.64%). With returns surpassing Spain and France, it is at the moment one of the best markets for owners looking for Europe.

The term buy-to-let is gaining expression, especially in Lisbon, where many investors are buying apartments or buildings to put them in the rental market, especially with the boom of Local Accommodation.

According to the study, Switzerland has the largest number of houses rented in Europe, according to the latest official Eurostat numbers, with almost six out of ten tenant-occupied homes. Germany has the second highest number, followed by Austria and Turkey.

Also in the United Kingdom tenants account for a large part of the population. The British government, however, has introduced recent measures aimed at amortizing buy-to-let investment,from the removal of a mortgage interest tax relief, to a surcharge of 3% stamp duty on the purchase of additional property .

Higher incomes in Europe can be found in Moldova, according to the Global Property Guide, with owners able to expect 10% returns. Ukraine is far behind with 9.09%, followed by Montenegro (7.53%), Ireland (7.18%) and Hungary (6.42%).

Croatia and Romania rank among the top 10 rental income in Europe but have less than 10% of homes in the rental market, leaving homeowners with few opportunities to choose.

Spain has seen a boom in the buy-to-let interest, in fact it is the most popular destination in Europe on Overall, Spain's average rental income is 4.7%,according to the Global Property Guide.

In third place of best European destination to invest in buy-to-let, is already mentioned occupied by France and the 4th by Italy.

Turkey and Greece, however, are emerging as a favorite buy-to-let for 2017, on the fifthand sixth place on

"Whenever you look for a successful investment to buy to lease, location is always the most important thing to consider: is the property a popular hotspot or a busy city? Does the national culture prefer to rent or buy? lease will be high enough to make it worth it? "points out Dan Johnson, director of The

Source: Diário Imobiliário

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