Recently, Lisbon, the capital of Portugal, has been crowned the "Europe’s Coolest City" for the second time. This honor is attributed not only to Lisbon's vibrant nightlife, unique cuisine, stunning beaches, and magnificent castles but also to its rich artistic atmosphere.
Meanwhile, according to the "2017 Travel and Tourism Competitiveness Report" released by the World Economic Forum, Portugal's international competitiveness in tourism continues to rise, ranking 14th globally!
In addition, after assessing the safety conditions of 163 countries and regions worldwide, The Economist Intelligence Unit published the top 10 safest travel countries in 2016 based on the Global Peace Index. The top five safest travel countries are Iceland, Denmark, Austria, New Zealand, and Portugal! Portugal ranks 5th, rising 9 places from last year's 14th position!
Although Portugal has received these honors, the Portuguese government is clearly not complacent. They aim for a higher GDP and a better standard of living for their people.
Therefore, the Portuguese government has recently decided to invest 5.78 billion euros in urban restoration and transportation, vigorously developing the tourism industry. This substantial investment will not only boost the tourism sector but will also lead to further increases in property prices in Portugal. Why is it referred to as a "further" increase? Because since 2013, property prices in Portugal have been on an upward trend!
According to the latest data released by a real estate platform, property prices in Portugal increased by 6.8% in 2017 compared to the same period last year. The highest price increase was in the Lisbon area, which rose by 10.1% compared to the same period last year, followed by Madeira at 7% and Algarve at 6.7%, with the northern region growing at 5.1% and the central region at 2.8%.
As property prices rise, rental prices are also bound to increase. Reports indicate that the cost of renting in Lisbon is becoming increasingly high. According to the latest research data, rental prices in Lisbon increased by an average of 23% in 2016, with an average price of 830 euros/month, and the average rent for new homes in Lisbon reached as high as 1,070 euros/month.
Clearly, now is the right time to invest in Portuguese real estate, whether to hold property and wait for appreciation or to invest in rentals, the returns will be more substantial and stable. The exclusive Golden Residence Project for the Portuguese estate of hundreds of acres launched by WorldWay Immigration allows investors to quickly immigrate to Portugal with their families and obtain EU status by purchasing real estate worth over 500,000 euros, enjoying the generous benefits of EU citizenship, while also investing in Portuguese real estate, enjoying investment returns and inheriting land wealth, making it a win-win situation.
WorldWay Immigration is now launching the "11th Anniversary Celebration of U.S. Investment Immigration with Full Discounts" event. During this period, signing up for Portuguese investment immigration will enjoy significant discounts, and there will be many rich overseas living, education, and tax sharing sessions waiting for you! For more details, please consult the WorldWay Immigration Group hotline: 400-138-2929.
