THE ADDRESS Magazine Summer 2014 - Page 65

Splendid golf course vistas abound A contemporary villa that blends timeless comfort and sleek modernity with natural harmony P ortugal real estate is a comfortable market for international property buyers owing to the stability and transparency of the purchasing procedure. Much of the high level of foreign interest is generated by the Golden Residence Permit Programme, which allows non-EU citizens to gain residency on condition they purchase Portuguese property worth at least €500,000, invest a minimum of €1 million in shares in Portuguese companies, or create at least ten jobs in the country. Another foreigner-friendly rule is the Non-Habitual Residents Tax Regime, which benefits foreigners who want to live and work in the country. A report by international tax consultancy KPMG points out that Portugal is the second most popular destination in the world for golf tourism, after Spain and 65