Worldway Comprehensive Report: On January 21, Eurostat released data on the rise and fall of housing prices in European countries for the third quarter of 2014, showing that housing prices in Portugal increased by 4.9% year-on-year, marking four consecutive quarters of growth since the fourth quarter of 2013. Economists indicate that this signifies a gradual recovery of the Portuguese economy. Investors interested in immigrating to Portugal through property purchase should act promptly.
【PwC, a leading global strategy consulting firm, holds an optimistic outlook for the real estate market in Lisbon, Portugal in 2015】
Since the economic crisis in 2008, obtaining bank loans in Portugal has become more difficult, leading to a decline in domestic demand for real estate and an oversupply of properties, which caused housing prices to fall continuously from 2008 to 2013. However, in the second half of 2013, with the improvement of the international economic situation and a series of reform measures by the Portuguese government, the economy began to recover gradually.
Not only has domestic demand started to increase, but foreign investors' purchases of real estate have also been a significant factor driving the Portuguese property market. At the end of 2012, Portugal launched the Golden Residence Permit program, allowing for family immigration through an investment of €500,000 in Portuguese real estate, which includes benefits such as free public education and healthcare. In less than two years, the Golden Residence Permit has contributed to over 36% of the total investment in Portuguese assets from China. Economists state that the Portuguese real estate market performed excellently in 2014, but 2015 is expected to be an even more promising year. Therefore, investors looking to immigrate to Portugal should seize the opportunity and invest early.
Worldway, as the first immigration agency in China to introduce this program, is the only Chinese immigration agency with an independent branch in Portugal. It has successfully assisted hundreds of Chinese investors in completing their investments and obtaining Golden Residence Permits. Its branch in Portugal is located on the bustling Avenida da Liberdade in downtown Lisbon, making it the preferred legal immigration agency for investment immigrants.
