Good news from Portugal: Portugal will completely exit the international rescue plan proposed by the "Troika" consisting of the European Union, the European Central Bank, and the International Monetary Fund, and will not need to apply for precautionary credit. Experts from WorldWay Immigration remind that in 2014, the number of applicants for the Golden Residence Permit continues to increase, which is closely related to various favorable conditions in Portugal, greatly enhancing the confidence of investors in Portugal.
Although the Golden Residence Permit in Portugal was launched to boost the domestic economy, its generous policies and great potential have also provided significant returns for investors. The Golden Residence Permit can be completed in as little as two months from document submission to approval, with a fast application speed and a high success rate, alleviating many concerns for investors. In addition, the requirements for the "immigration monitoring" have been relaxed, with only 7 days of residence required in the first year, and then 14 days every two years. After 6 years, one can apply for citizenship, greatly lowering the threshold for naturalization. Furthermore, Portugal is one of the few agricultural powerhouses in Europe, with beautiful natural scenery, a pleasant climate, high standards of social welfare, and top-notch education, making it an attractive destination for investors.
Portugal is a typical country where buying property grants residency, and thus the property prices in Portugal are of particular interest. Affected by the global economic crisis, both commercial and residential real estate in Portugal have been severely impacted, with prices plummeting. Currently, the average property price in Portugal is significantly lower than in other EU countries. Because of this, the fluctuating real estate market presents an excellent opportunity for investors to buy at the bottom. It is reported that in the first quarter of 2014, the transaction volume of real estate increased, with foreign investment in real estate accounting for 14%, which is an increase compared to the first quarter of 2013, with approximately 24,000 units expected to be sold. After the shadow of the economic crisis, Portugal is showing a vibrant outlook.
Since the second half of 2013, various economic indicators in Portugal have improved, with a decrease in the unemployment rate and a continuous rise in consumer confidence index. Since the beginning of 2014, the Portuguese government has repeatedly released favorable information and implemented positive and reasonable reform measures to maintain investor confidence, which has also attracted more investments.
