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New rules for investing in Portugal in 2020: inner towns and not the coast
According to a survey by the National Statistics Institute (INE) of Portugal, in 2017, 11.5% of the properties traded in Portugal were acquired by non-residents. This data reflects a steady growth in demand from foreign investors in the niche since 2013. Although much has already been discussed about the 2008 crisis in the USA and its consequences in Portuguese lands, the truth is that, until the end of 2011, the country’s government was still fighting instability in all economic sectors. But changes started happening when, in 2012, a series of state measures were adopted, such as the creation of the Golden Visa, giving greater openness and stimulating the entry of…