Both regions have been consistently attracting attention for their natural beauty, but also for their strategic location, which means that the respective real estate markets are “booming” and with great potential for growth, according to Michael Vincent, CEO of Berkshire Hathaway Home Services | Portugal Property.
“The islands are a privileged market for real estate investment. Berkshire Hathaway HomeServices | Portugal Property is present in Madeira and is about to open its first office in the Azores.
“The opportunity to obtain a Golden Visa, combined with the possibility of acquiring real estate at competitive prices, provide the ideal environment for investing, whether on a personal or commercial basis”, says Michael Vincent.
According to the head of Berkshire Hathaway HomeServices | Portugal Property “Currently, most of our clients - more than 35 percent - come from the USA, followed by Great Britain, with more than 25 percent. There are more and more eyes on the archipelagos of Madeira and the Azores, which offer many advantages for those looking to live a peaceful retirement or to spend at least 6 months of the year surrounded by sun, fresh air, and nature. The NHR scheme in place is also very attractive for those who want to spend more time in these regions.”
In terms of age groups and socio-professional profiles, Michael Vincent shares that “most of our buyers are between 40 and 60 years old; they are people who want to spend their retirement here or families who want to bring their children to have a better life.”