Portugal’s ‘Golden Visa’ property-for-residency scheme has helped one Lisbon-based estate agent sell over €35 million of property since the scheme started, but in the Algarve the French are moving in courtesy of France's penal tax rates.
Charles Roberts, Managing Partner of Fine & Country Cascais, says the agency’s average sale is €2.7million, “The demand comes 85% from China - also from South Africa, Libya, and Lebanon. There is a significant amount of interest from the Middle East in countries like Egypt due to the political conditions.”