From 1 January 2013, in Portugal, a law dedicated to pensioners, in the private sector, allows you to be exempt from taxes on salaries if you decide to live in Portugal (for more than 183 days): Non-habitual resident scheme.
This law created a considerable movement of retired Europeans (as this law is applicable to retired persons of the EU) who decided to buy a house in Portugal. Consequently, the prices of properties that could meet this market demand are increasing.
Potential real estate investors in Portugal
The initial target was the Algarve, which has always been attractive for the more elderly population, but over the last 2 or 3 years, Lisbon is receiving a European retired population (even from outside the EU) that wishes to live in a European capital that has much to offer.
In addition to retired people who invest in Portugal to regain their life, there are also individuals who invest in apartments, in order to rent them to tourists. Short term rental in Lisbon is profitable and easy to deal with.
Emphasising this aspect, we find the commitment of airline companies that decided to invest in Portugal (primarily Easyjet and Ryanair), which has enabled the growth of tourism in Lisbon and in the main Portuguese cities.
For further information on how to buy property in Portugal and if you want any interesting contacts (lawyer, real estate agency, tax adviser, etc.)