Worldway Group Comprehensive News: According to the latest information published in the Portuguese Republic Diary (Diário da República) on September 4, 2015, the IMT (Property Transfer Tax) is expected to be reduced by one-third in 2017. Undoubtedly, this is a significant benefit for those planning to purchase property in Portugal.
The report also states that although the topic of reducing the IMT has been mentioned countless times, no official decree has been implemented; it is hoped that this schedule can be realized as planned. According to the latest legal provision No. 132/2015, the schedule for reducing the IMT is as follows: in 2017, the IMT property transfer tax rate will be reduced by one-third; in 2018, the IMT property transfer tax rate will be reduced by two-thirds.
In general, provided that the existing laws remain unchanged and take effect on schedule, the cost for property owners to purchase real estate in Portugal will be significantly reduced in 2017.
[Latest Golden Residence Data as of August 31, 2015]
Portugal real estate investment immigration is currently very popular among Chinese investors. From October 8, 2012, to August 31, 2015, the "Golden Residence Permit" has attracted 2,465 investors. Among the 2,465 approved investors, 2,332 invested in real estate. This data indicates that the approval rate for applicants is currently increasing. The total investment amount for the Portugal Golden Residence Permit program is 1.496 billion euros, of which 1.35 billion euros is from real estate projects. Chinese investors account for 79.87% of all investors, and they will continue to be the main force in Portuguese real estate investment.
The above data all indicate the strong pursuit of the Portuguese "Golden Residence Permit" by Chinese investors and their unprecedented enthusiasm for Portuguese real estate investment. Moreover, following adjustments by the Portuguese government, the "Golden Residence Permit" policy is more favorable to investors, especially with the news of the reduction in property transfer tax, which is expected to make the Portuguese real estate investment market even more popular.
[Portugal Real Estate Investment Immigration]
As the first immigration agency in China to introduce "Portugal Golden Residence" real estate investment immigration, Worldway Group is the only Chinese immigration agency to have established an independent branch in Portugal. It has successfully assisted hundreds of Chinese investors in completing their investments in Portugal and obtaining Golden Residence cards. Its Portuguese branch is located on the prosperous Avenida da Liberdade in the center of Lisbon, making it the preferred legal immigration agency for investment immigrants. For details, please call 400-138-2929