The prestigious magazine Forbes considers Portugal one of the best destinations to invest in luxury real estate, revealing that it is an excellent choice because of low prices and good income return.
In an article published yesterday, entitled: What could 5 million dollars buy in real estate around the world?
Forbes describes that from an apartment of 925 square meters to a 1,752-hectare piece of land with residence, a property of $ 5 million may be very different in different parts of the world.
In general, the 5 million are considered entry barrier for luxury properties, although the Hamptons and Greenwich, Connecticut start from at least 10 million.
But according to Greg Todora and Justin Petraglia, responsible international consultant of the Todora-Petraglia Team In Douglas Elliman, from the investment point of view, consider that today's best properties can be found in Portugal and Panama. According to the experts this is what 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 are high. While Panama is especially suitable for American buyers seeking to protect their real estate investments in relation to exchange rates - risk free - diverse purchase by global investors and increasing opportunities available through the Panama Canal.
But of course that diversity around the world is very large and Greg Todora relates even 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 exchange, not only can you get the best location and exclusivity, but also some of the best and most exclusive recreational experiences, culinary and cultural world," he concludes.
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