Forbes Magazine considers Portugal one of the best destinations for investment
Forbes magazine considers Portugal one of the best destinations for investment in luxury real estate. Forbes reveals that Portugal is an excellent choice due to low prices and good rental income returns.
An article published yesterday entitled: “With 5 million dollars, what could I buy in real estate around the world?” Forbes describes that in different parts of the world a property of $5 million may differ in price a lot.
In general, the 5 million is considered the entry barrier for luxury properties. However the Hampton’s and Greenwich, Connecticut start from at least 10 million.
The Todora-Petraglia Team in Douglas Elliman
Greg Todora and Justin Petraglia, say the best properties to be found are in Portugal. According to the experts the risk profile, the investment outlook and the taxes should all be considered. This should be done before making any decisions when investing.
Portugal is an excellent choice for investment according to the experts. This is because the prices of real estate are generally low and the rental income is high.
Greg Todora adds that cities like Monaco, London and Hong Kong, are the highest price per square meter in the world. This also means the size of a property will be substantially smaller. “But you can also get the best location and exclusivity. Along with some of the most exclusive recreational, culinary and cultural experiences of the world,” He concludes.