Lisbon is becoming increasingly fashionable, enough to captivate international stars. Scarlett Johansson, twice voted the world's sexiest woman, has purchased a luxury apartment in Príncipe Real, Lisbon's most artistic district. Pop diva Madonna is also a star who has recently garnered attention in Lisbon; she has now moved in with her son in the Palácio Ramalhete in the Janelas Verdes area in the center of Lisbon, providing local neighbors with plenty to talk about during their coffee breaks.
Worldway Group has learned that, in fact, Portugal has been attracting celebrities from the worlds of film, music, fashion, and sports from all over the globe for vacations or long-term stays since the 1960s. As the capital and largest city of Portugal, Lisbon is ideal for tourism and immigration. With 3,000 hours of sunshine every year and 850 kilometers of magnificent Atlantic coastline, Portugal enjoys a perfect four-season climate, picturesque scenery, and a mild, romantic atmosphere that is unforgettable.
How popular is tourism in Portugal?
According to data from the Bank of Portugal, in the summer of 2017, the volume of non-local bank card transactions within Portugal surged to record levels, peaking during the three months from July to September. Between July and September 2017, there were approximately 23.5 million transactions using foreign cards, reaching a record high, with a total transaction value exceeding 1.586 billion euros over the three months!
Tourism Boosts Real Estate
The booming tourism industry has provided a significant driver for Portugal's hotel accommodation, real estate, and wine industries. Worldway Immigration Group has learned that in October 2017, the transaction value of commercial real estate in Portugal exceeded 1.5 billion euros, with foreign capital accounting for over 80% of the completed transactions.
More and more foreign buyers are optimistic about the Portuguese real estate investment market. The demand for property in major cities continues to grow, and the rental market also maintains a trend of rapid and sustained growth. For many overseas investors, investing 500,000 euros in Portuguese real estate now allows them to obtain European immigration status for three generations of their family, enjoy numerous benefits, and achieve both investment and immigration goals. Portugal is favored by international stars, so what are you waiting for? Invest in Portuguese real estate and immigration, and follow the stars! Worldway Immigration Hotline: 400-138-2929.