Worldway Comprehensive News: According to data recently published by Eurostat, in the fourth quarter of 2014, housing prices in the Eurozone and EU regions increased year-on-year by 1.1% and 2.6%, respectively, while domestic housing prices in Portugal grew by 2.2%, surpassing the Eurozone. Worldway immigration experts state that this will spur a wave of investment immigration to Portugal from high-net-worth individuals.
【Portuguese Real Estate】
The year 2015 has arrived as the Year of Overseas Investment for China, and the immense purchasing power of Chinese individuals is increasingly recognized in the international market. As Chinese investors are venturing "abroad," overseas real estate developers are also targeting the Chinese market. The substantial depreciation of the Euro, which fell to a low of 6.6, has made buying property in Europe increasingly popular. Worldway immigration experts suggest that now is an opportune time to invest in Portuguese real estate for immigration, particularly given the current devaluation of the Euro, allowing for global asset allocation that can ensure the appreciation and preservation of wealth.
From the data, compared to the second and third quarters of last year, the growth of housing prices in Portugal has slowed in the fourth quarter. Among EU member countries, Ireland (16.3%), Malta (11.0%), Sweden (10.4%), Estonia (10.1%), and the United Kingdom (10.0%) saw significant price increases, while Slovenia (-4.4%), Latvia (-3.2%), and Italy (-2.9%) experienced notable declines in housing prices.
Portugal's real estate industry is recovering after the economic crisis. Investors are not only interested in office buildings but also show a willingness to invest in commercial centers or large supermarkets. Currently, property prices per square meter are more reasonable compared to pre-economic crisis prices. In terms of profitability, Portuguese real estate remains competitive, attracting an increasing number of large investors to Portugal.
【Portuguese Property Investment Immigration】
Worldway European immigration experts indicate that at the end of 2012, Portugal launched the Golden Residence Permit Program, which allows investment of €500,000 in Portuguese real estate for immigration, enabling the entire family to immigrate and enjoy benefits such as free public compulsory education and medical care. In less than three years, the Golden Residence Permit has contributed over 36% of the total amount of Chinese investment in Portugal. Therefore, the booming Portuguese real estate market has fueled the wave of property investment immigration to Portugal.
