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Portugal
NHR successor IFICI + strong tourism demand in Lisbon & Algarve
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Currency Risk
EUR
⚠ RE Route AbolishedDTA with China156,026 monitored sale listings
Investor Profile:
Currency:
Gross Yield4%–7%
Entry PriceFrom €4,600 (¥35,646)/m² · Porto
Purchase Tax7.5%
CGT Rate14%
Golden Visa❌
Non-Res Mortgage✅
China DTA✅
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
TIER 1 — RECOMMENDEDMacro: 21/30
🇮🇱Israeli66.6/100
🇩🇪German63.1/100
🇫🇷French64.2/100
🇳🇱Dutch63.3/100
🇧🇪Belgian63.2/100
🇬🇧UK66.6/100
🇺🇸US66.1/100
🇨🇦Canadian66.5/100
🇮🇳Indian66.6/100
🇨🇳Chinese66.6/100
🇪🇺Other EU66.6/100
✅ Strengths
- ▸World Bank Rule of Law 82%ile — strongest in group
- ▸Strong tourist infrastructure; Lisbon & Algarve STR demand
- ▸IFICI (NHR successor) for new residents
⚠ Risks
- ▸NHR regime ended Jan 2024 — verify current IFICI status
- ▸Golden Visa RE route eliminated Oct 2023
- ▸50% of homes uninsured against wildfire (2025 season severe)
CASABROVA Verdict
Excellent for EU citizens and quality-of-life investors. Very good for UK and Israelis.
Chinese: CASABROVA Score 66.6 (rank #17) for this profile.
Recommended Strategy
Lisbon LT rental or Algarve STR. Avoid relying on NHR — verify IFICI status with tax advisor.
Based on CASABROVA Waves 1–8, Q1 2026. Not financial or legal advice.