• Ideal Homes Portugal running show in Bangkok on 10th and 11th September
• Portuguese house price growth hits 17% year on year (RICS/Ci)
• Thai buyers seeking €500k+ properties as part of the golden visa scheme
(YourDigitalWall Editorial):- Quarteira, Algarve Aug 24, 2022 (Issuewire.com) – Real estate agency Ideal Homes Portugal is heading to Bangkok to connect with Thai property buyers, as interest in Portugal’s golden visa program ramps up. The show will take place on the 10th and 11th of September, at Bangkok’s Grande Center Point Terminal 21.
Back in Portugal, the property market is performing well, with the latest RICS/Ci Portuguese Housing Market Survey noting a price increase of 2.5% in May 2022, compared with April. Ricardo Guimarães, Director of ConfidencialImobiliário, comments: “This result means house price growth is accelerating relative to the pace observed over recent months (even though prices were already rising at a significant rate). Since December, prices have increased by around 10%, reaching more than 17% growth yoy.”
As well as house prices increasing, so is rent, according to the RICS/Ci survey. This means that there’s plenty of interest in owning properties in Portugal both for personal use and as an investment.
Against this backdrop, Ideal Homes Portugal Chairman & Founder Chris White will be welcoming visitors to the company’s Thai show and sharing details of Portugal’s golden visa scheme. The free-to-attend show will enable investors to engage with experts in the Portuguese real estate market, discuss the golden visa program in depth and view a portfolio of available properties.
Portugal is home to a mix of lively cities such as Lisbon and Porto, laidback beachfront communities, and tranquil rural areas that are ideal for those looking to eschew the stresses and trappings of modern life. This means that a wide range of property options is available to those looking to purchase a home in Portugal. The fact that it shares a long land border with Spain makes access to the rest of Europe easy by car and train from Portugal, while Africa is also accessible via a drive to the southern Spanish town of Tarifa and a 45-minute ferry ride to Tangier.
The Ideal Homes Portugal team is experienced in working with Thai property buyers, having already operated two shows in Thailand under the Overseas Property Show in November 2019 and February 2020. They also attended the Dot Property Mega Sale – Thailand’s largest property sales event -in Bangkok in July 2022.
For the September 2022 show, the team will be available from 2 pm to 5 pm each day, for presentations and one-to-one discussions with potential buyers. Topics will include buying advice, Portuguese mortgages, the golden visa scheme, and rental and property management. Virtual tours will be available for a number of properties in the Algarve, which is the region that attracts the lion’s share of interest from Thai buyers.
“Some Thai buyers simply want an investment property, while others want a holiday home, but in either case, the golden visa scheme is the core focus of the purchase. That means budgets of 500,000 and above, with both villas and apartments with touristic licenses in the spotlight.”
500,000 is the investment threshold that qualifies a buyer to apply for a golden visa. In addition to being able to find out about the scheme at the Ideal Homes Portugal show, prospective buyers will also be able to access qualifying properties at exclusive, discounted rates that will only be available through the event.
This article was originally published by IssueWire. Read the original article here.