According to the latest data released by the Portuguese Immigration and Borders Service, the growth trend of investment in Portugal's Golden Residence is promising. As of June 30, 2017, the number of principal applicants approved reached 5,145, with over 8,000 dependent applicants approved. Among them, 3,428 principal applicants of Chinese nationality have successfully been approved, maintaining an absolute lead, and this number is expected to continue to grow in the future.
Chinese investors still dominate, with real estate investment favored
According to the data from the Immigration and Borders Service, among the 5,145 approved principal applicants, 3,428 are of Chinese nationality, accounting for 67% of the total approved applicants, still the main force in investment. Among the 5,145 approved principal applicants, 4,849 invested through the purchase of real estate, accounting for 94%. It is evident that real estate investment remains a mainstream investment method favored by global investors.
Portugal's economy is thriving, making it a good time to invest
According to the Portuguese National Institute of Statistics, Portugal's economic development has accelerated for three consecutive quarters. The Portuguese government, the Bank of Portugal, and the European Commission all expect the GDP growth rate for Portugal this year to be 1.8%, and the growth level in the first quarter has far exceeded expectations. With steady economic growth, Portugal will be more sought after by investors from various countries.
At the same time, the Portuguese real estate market has shown significant recovery in recent years, attracting a large number of overseas investors. The latest data shows that in the first quarter of 2017, housing prices in Portugal increased by 6.8% year-on-year; the largest increase was in the Lisbon area, which rose by 10.1% compared to the same period last year.
Additionally, according to Portuguese media reports, the Portuguese government is considering implementing new measures to retain and attract more investors, including the "Blue Hotline" launched by the Immigration and Borders Service (SEF) for "Golden Residence," aimed specifically at expediting the application process for foreign individuals seeking Portugal's "Golden Residence," family reunification, and legalizing immigration status under Article 88 without residence. This is expected to be implemented by the end of the year.
It can be seen that now is an excellent time to invest in Portugal. Investing in Portuguese real estate, whether for personal ownership while waiting for appreciation or for rental investment, will yield richer and more stable returns. The exclusive Portugal estate Golden Residence project launched by WorldWay Immigration allows investors to apply for a Portuguese Golden Residence Permit visa by purchasing real estate worth over €500,000. Holding a Portuguese Golden Residence Card allows one to live, study, and work in Portugal, and after residing for an average of 7 days per year, one can apply for permanent residency in Portugal. Upon meeting certain conditions, one can also apply for Portuguese citizenship.
Investing in overseas real estate while obtaining immigration status is a win-win! Permanent ownership can serve as wealth inheritance, and immigration status allows children to enjoy advanced education in Europe, making it a multi-benefit opportunity! Interested investors should not miss this great opportunity. For more immigration information, please call: 400-138-2929.
