According to data recently released by the Portugal Immigration authorities, as of March 31, the total investment in Portugal reached 1.925 billion euros, of which 1.738 billion euros came from real estate investment immigration projects. The number of people who have obtained the Portuguese Golden Residence Permit has reached 3,165, an increase of 168 from February. Among them, the number of immigrant investment applicants from China reached 2,457, accounting for 67% of the total increase. Why are real estate investment projects favored by investors, and why is the visa data growing so rapidly? Worldway Immigration analysts provide an analysis from the following aspects:
Highly Efficient Approval
In 2016, the new female director of the Portuguese Immigration and Borders Service, Luísa Gonçalves, took office. Under her guidance, the efficiency of the immigration office has been greatly improved. In particular, applicants who obtained visas through real estate purchases have been approved rapidly one after another, which is a great boon for applicants! Worldway believes that now is the best time to invest in Portuguese real estate projects. The improvement in approval efficiency provides a great guarantee for Chinese citizens to obtain visas faster, so applying as soon as possible is the best strategy.
Great Potential for Real Estate Appreciation
Portugal is a famous European tourist and vacation destination, with an annual average number of visitors approximately twice its total population. The large flow of people makes the Portuguese real estate rental market very hot. At present, the Portuguese real estate market is becoming increasingly mature, and the total return from "real estate appreciation + euro appreciation + rental income" is expected to reach nearly 60% in the future!
According to relevant analysts from WorldWay and economic macro models, Portugal's housing price index may reach 89.9 by the end of this quarter, and it is estimated that this figure will rise to 90.02 in the next 12 months, 101.98 in 2020, and 109.75 in 2030. That is, it will remain in an upward trend in the future. According to Worldway's analysis, Chinese investors have more room for value preservation and appreciation by choosing to invest in Portuguese real estate than by investing in domestic real estate. Moreover, according to the current price growth trend, renting or selling the invested property in the future will be a significant gain!
Second in the World for Migrant Integration
According to the latest research by MIPEX (Migrant Integration Policy Index), Portugal is one of the countries in the world that does the best job in accepting and integrating immigrants, ranking second globally. The warmth and inclusive nature of the Portuguese people have a very good reputation throughout Europe and even the world. Compared with other European countries, Portugal is not anti-Chinese, does not discriminate against Chinese people, and maintains a friendly and tolerant attitude toward people from all foreign countries. In addition, as the number of Chinese people immigrating to Portugal continues to increase, Chinese citizens will also see many familiar faces in Portugal and will not feel the loneliness of being in a foreign land.