In a climate of falling interest rates, LUXIMOS Christie's travels to the UK and Ireland to participate in the hotly contested A Place in The Sun event. In their suitcases are several investment proposals for luxury properties in the Algarve, Porto and Northern Portugal.
LUXIMOS Christie's has a presence at the UK's and Ireland's largest property shows. This time the prestigious luxury real estate company returns to the UK from 20 to 22 September and to Ireland from 4 to 6 October to participate in the most important property fairs of the autumn. The fairs, which will take place in Birmingham and Dublin, will be the stage for the presentation of various properties aimed at investors interested in acquiring property abroad. LUXIMOS Christie's participation reaffirms its commitment to attracting international investors and promoting the Portuguese property market as an excellent opportunity.
Place in The Sun is the UK's leading brand for promoting overseas property to those looking to invest in property outside the UK. The events bring together a wide range of industry experts who will be on hand to offer personalised advice on property, legal and financial matters, as well as a number of themed seminars throughout the days.
What does Portugal have to offer?
Over the next few weeks, Brits and Irish can choose their new home in Birmingham and Dublin in a country that continues to win hearts with its mild climate, especially in the Algarve region, which is also very popular with golfers who have discovered this region where they can play golf all year round on the most award-winning courses in Europe and the world.
Compared to the UK or Ireland, Portugal offers a lower cost of living, particularly in property prices, but also in food and health services, making it very attractive to the British and Irish, especially retirees. The geographical proximity and frequent direct flights between Portugal and the UK or Ireland make our country the right choice for those looking to invest in cross-border property.
Safety and quality of life, as well as the culture and hospitality found here, are also factors that score Portugal highly when it comes to choosing a second home.
Portugal has a rapidly growing Irish community, particularly in the Algarve region, where there is already a significant social network to support new residents and help them integrate. For the British, this factor is nothing new, as the Algarve has had a resident British community for several years, especially in towns such as Albufeira, Lagos or Tavira, where they will find clubs or associations, international schools and various services dedicated to those who are leaving the UK for Portugal, creating a cultural 'bubble' in which to live and work.
The favourable winds of interest rates
Ricardo Costa, economist, founder and CEO of LUXIMOS Christie's, has no doubt that the British and Irish, especially retirees, will take advantage of the good winds of lower interest rates to buy homes in Portugal. Here they will benefit from a lower cost of living, tax incentives and a pleasant climate,' says the businessman. Portugal has long been considered an attractive property market, but with the reduction in interest rates, the country could become even more competitive, although most of our clients don't rely on bank financing,' explains Ricardo Costa.
In a context of lower interest rates, investing in real estate is seen as a solid investment alternative, even more so in a country that is a popular tourist destination and whose real estate continues to increase in value,' Ricardo Costa points out.
Against a backdrop of low interest rates, investing in property is seen as a solid investment alternative, and even more so in a country that is a popular tourist destination and whose real estate assets are constantly increasing in value,' stresses Ricardo Costa.
These events are part of Christie's LUXIMOS international promotion strategy and are designed to attract luxury property investors and further strengthen Portugal's position as a premier destination in the global property market.
