Why is everybody suddenly talking about Portugal?

Portugal is booming and it has truly become the place to be in 2022.

In 2009, to encourage direct foreign investment, bring in capital to renovate its crumbling historical city centers, and help the economy recover after the global financial crisis, Portugal introduced a range of tax benefits for both EU and non-EU citizens.

The result? In the past decade, the number of foreigners settling in Portugal has grown by 40%. Already a popular destination for French, Brazilians, English and Chinese investors, last year Americans became for the first time the top foreign property buyers in the country.

Many High Net Worth Africans are also choosing Portugal for its cultural and geographic proximity to the continent.