Executive Summary for the Foreign Investor: Lisbon presents a compelling opportunity for strong capital appreciation(forecast 7-9% in 2026) driven by powerful, structural demand drivers. While it offers significant tax advantages and high rental yield potential, the investor must be acutely aware of the evolving regulatory landscape, particularly concerning the Golden Visa program. This is a high-growth market with corresponding medium-level political risk. 1. The Investment Case (The Upside) Superior Capital Appreciation: Lisbon is not just leading the ranking; it is outperforming most European capitals. The forecasted growth is underpinned by factors that are more durable than short-term speculation. The Non-Habitual Resident (NHR) Tax Regime: This remains a powerful magnet for affluent retirees, digital nomads, and entrepreneurs. For qualifying individuals, it offers a 20% flat rate on Portuguese-sourced employment income and a 10-year tax exemption on most foreign-source income (pensions, dividends, interest). This program significantly increases the pool of high-net-worth individuals seeking property. Sustained Demand & Migration Wave: Portugal continues to attract significant migration from within the EU (post-Brexit UK citizens, Northern Europeans) and beyond (Americans, Brazilians). This is driven by: · High quality of life and safety. · Excellent climate. · Relatively low cost of living (though rising in Lisbon). Tourism & Short-Term Rental Strength: Lisbon is a perennial top European destination. This provides investors with the option to achieve high rental yields (often 4-6% gross, higher than many Western European capitals) through short-term lets (e.g., Airbnb), which helps service mortgage costs and generate income. Supply Constraints: The historic center of Lisbon has limited space for new development. This physical constraint, coupled with high construction costs, creates a natural ceiling on supply, protecting property values in prime locations.

Moving to Portugal is exciting, but it’s important to know how the healthcare system works and what to do in case of urgency. Here’s what every newcomer should know: Public Healthcare (SNS – Serviço Nacional de Saúde) Portugal’s public system is called SNS. To use it, you must: - Register at your local health center (Centro de Saúde) - Request your Número de Utente (patient number) - Bring: passport, residence permit, and NIF (tax number) You’ll be assigned a family doctor for regular care. Most services are low-cost or free (small fees apply for some visits & exams). Private Healthcare Many expats choose private care for: - Faster appointments - English-speaking doctors - Modern clinics & hospitals Private health insurance is common and affordable compared to many countries. In Case of Emergency - Dial 112 → European emergency number (ambulance, police, fire). - Go to the Urgência (Emergency Department) at the nearest hospital. - For less urgent issues, some Centros de Saúde offer urgent care (SAP). Pharmacies (Farmácia) - Many are open long hours, some are 24/7 on rotation (“Farmácia de Serviço”). - Pharmacists can help with minor health issues and give professional advice. Pro Tips for New Arrivals - Know your nearest hospital with emergency services. - Check which pharmacy is on duty in your area. - Keep copies of your ID, Número de Utente, and insurance card handy. Question for the community:If you’ve already used healthcare services in Portugal — what was your experience like? Any tips for newcomers?