Since the beginning of the New Year in 2018, the rental and purchase market in Portugal has experienced an unprecedented boom within two months, with rental prices rising by 26% compared to the same period in 2016, and the transaction speed in the second-hand housing market is also very fast.
Regarding the trend of national apartment rental prices in Portugal in 2017, Lisbon has the highest average rent at 14 euros per square meter, an increase of 28% compared to the same period in 2016; followed by Cascais, with a rent of 12.90 euros per square meter. According to the latest data released by the Portuguese Real Estate and Brokerage Association, over 80% of real estate transactions last year were successfully completed within six months of being listed, which also confirms the hotness of the real estate market. The association's president, Luis Lima, stated: "This is incredible compared to a few years ago when it took two years for a house to be sold after being listed.
In recent years, the recovery momentum of the Portuguese economy is evident, with significant developments expected in the real estate, tourism, and emerging technology industries. The comprehensive rise of independent travel has led to an increasing number of foreign buyers optimistic about the Portuguese real estate investment market. For many overseas investors, investing in immigration to Portugal requires only 500,000 euros, with no language or educational requirements, one person applying allows three generations to obtain European identity! This allows for property ownership, immigration, and enjoying multiple benefits.
Advantages of purchasing property for immigration to Portugal
1. One person applies, and the entire family of three generations can quickly obtain a golden residence permit.
2. Holders of the golden residence permit can freely travel to 26 Schengen countries.
3. Low residency requirements, and the ability to work and conduct business.
4. No language, educational, or source of funds requirements.
5. Convenient naturalization, and after naturalization, enjoy the rights of EU citizens.
Currently, in response to the booming immigration trend in Portugal, 12 new immigration offices have been established in 2017, which is significant good news for investors wishing to immigrate to Portugal. This not only means that the approval speed for the golden residence permit will be greatly improved, but also that more families will obtain European immigration status for three generations in a shorter time, making business, travel, and residence in Europe much more convenient. Consultation hotline: 400-138-2929.