Portugal
NHR successor IFICI + strong tourism demand in Lisbon & Algarve
🟢
Currency Risk
EUR
Investment Visa / Residency-by-InvestmentIndicative — not verifiedDTA: Not in forceIndicative — not verifiedFATCA Applies ⚠96,647 monitored sale listings across all markets
Investor Profile:
! US investors: FATCA requires Schedule E reporting. Many foreign banks decline US clients. Verify with a qualified CPA.
Currency:
Gross Yield4%–7%Estimate-based
Entry PriceFrom €4,600 ($5,365)/m² · Porto
Purchase Tax7.5%
CGT Rate14%
Investment Visa / Residency-by-Investment✅Indicative — not verified
Non-Res Mortgage✅
US DTANot in forceIndicative — not verified
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
TIER 1 — RECOMMENDEDMacro: 21
Israeli66.8/100
German65.2/100
French65.4/100
Dutch65.1/100
Belgian65.4/100
UK66.8/100
US66.8/100
Canadian65.6/100
Indian66.8/100
Chinese66.8/100
Other EU66.8/100
✅ 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.
US: Profile adjusted score 66.8 (rank #14).
Recommended Strategy
Lisbon LT rental or Algarve STR. Avoid relying on NHR — verify IFICI status with tax advisor.
Based on CASABROVA Waves 1–8, current to July 1, 2026. Not financial or legal advice.