According to comprehensive news from Worldway: Immigrating to Portugal by buying a house for 500,000 euros offers dual benefits of European identity and permanent property ownership in Portugal. In 2013, 494 golden residence visas were issued, and by June 30, 2014, a total of 1,166 investors worldwide successfully obtained the Portuguese golden residence visa, among which 952 were Chinese investors, accounting for 81% of the total. However, surveys show that more than two-thirds of these Chinese investors obtained residence visas primarily to secure a visa rather than to reside in Portugal, and many of the properties purchased for visa purposes are awaiting rental. In response to this situation, Worldway's European immigration consultants provide a detailed introduction to renting property in Portugal.
Renting Property After Immigrating to Portugal by Buying a House
1. Short-term tourists. Portugal is a tourist city with a moderate climate year-round, attracting over 20 million visitors annually. Therefore, the rental market in this country has relatively stable demand throughout the year. Although rents are not excessively high, they are not cheap either. Many people are willing to rent apartments and seaside villas for vacation due to the moderate rental prices.
2. WorldWay people. There is also a significant number of business tourists in Portugal, which has created a mid-to-high-end market. Many individuals engaged in business and negotiations prefer to play golf in Portugal and discuss business with partners. Ultimately, they can close deals while enjoying vacation and entertainment.
3. Local residents. Westerners do not have the same mindset as Chinese people regarding housing; they do not feel the need to own one or several properties to feel secure or to maintain value. Their perspective is more casual; as long as they have a place to live, it suffices, and it does not necessarily have to be their own. Therefore, many Westerners do not prefer to buy property and do not worry about the depreciation of savings or value retention. This mindset is, of course, related to certain welfare and policies in their countries. Generally, ordinary citizens do not worry about not being able to afford medical care, aging without support, or unemployment without a safety net, as companies have bankruptcy insurance, etc.
4. The Portuguese government. While it does not directly intervene in the rental market and rental prices, it is manageable and controllable, maintaining stable growth without significant spikes. Therefore, for ordinary residents, rental costs do not become a burden for typical families. For them, rent constitutes only a small portion of their expenses, generally ranging from 150 to 600 euros. However, if one insists on living in a wealthy area or high-end apartment, that would require a separate discussion.
Worldway's European immigration consultants indicate that currently, property prices in Portugal are still at the lower end of the European market, which means that a price rebound is only a matter of time. This is also a point of interest for many investors. Therefore, friends planning to immigrate may consider the option of immigrating to Portugal by buying a house, as it offers a high cost-performance ratio compared to other immigration projects. Not only can the entire family obtain EU citizenship, but they can also earn additional income from property investments, providing numerous advantages.
As a leading institution in European investment immigration, Worldway has established strategic partnerships with all top developers in Portugal, possessing exclusive and ample inventory of available properties. All property prices are fully transparent, assisting investors in acquiring satisfactory properties.
Worldway's "EU Citizen Month" promotional event is ongoing until November 17, offering unprecedented discounts for both new and existing clients. Please inquire at 400-138-2929.
