Most of 2018 has already passed; how many of the goals you set at the beginning of the year have you achieved? In the first half of 2018, this European country presented the world with an impressive report card! It is the shining pearl of the European west coast—Portugal!
In terms of tourism
The Portuguese capital, Lisbon, won two major awards at the 2018 World Travel Awards: "Europe's Leading Destination" and "Europe's Leading Cruise Port." Secretary of State for Tourism Ana Mendes Godinho stated that Lisbon's award proves that Portugal remains one of the most popular tourist destinations for travelers from all over the world.
It is reported that as one of Europe's leading tourist destinations, Lisbon ranks ahead of traditional tourist cities such as London, Paris, Rome, and Venice. In addition, Lisbon has been voted Europe's Leading Cruise Port for three consecutive years, with an annual reception of 521,000 cruise passengers.
In terms of real estate
Since 2013, with the recovery of the global economy and a series of real estate support policies from the Portuguese government, the Portuguese real estate market has gradually shaken off the impact of the economic downturn and rebounded from the bottom. Currently, the Portuguese real estate market is booming, rents are rising, and the prospects for real estate investment are broad.
In the rental market, demand in several major Portuguese cities has also maintained a growth trend. Similar to the sales market, the supply-demand imbalance in the rental market has also led to an increase in rental prices. Housing rental prices in major Portuguese cities have maintained an upward trend for 18 consecutive months.
In terms of the economy
Data released by Statistics Portugal shows that Portugal's Gross Domestic Product (GDP) grew by 2.1% year-on-year in the first quarter of 2018, with investment growth in the first quarter being particularly significant, with an increase of over 5.9%.
According to the latest "2018 IMD World Competitiveness Ranking" released by the International Institute for Management Development (IMD) in Lausanne, Switzerland, Portugal ranked 33rd out of 63 countries evaluated, up 6 places from last year, which is its best ranking since 2004. The IMD research report points out that "Portugal's progress is reflected in economic growth and institutional efficiency, including positive changes in government transparency."
Looking across Europe, Portugal is attracting more and more people to live and invest with its unique charm. By investing 500,000 euros or more in Portuguese real estate or agricultural property, you can quickly obtain Portuguese Golden Residence status for three generations of your family and enjoy the numerous generous benefits of an EU country.
As one of the earliest immigration agencies to partner with the Embassy of Portugal in China to introduce the Portuguese "Golden Residence Permit Program" to China, Worldway Immigration Group has maintained a good relationship with the Portuguese government for many years and is a solid backing on your immigration journey!
Choose Worldway Immigration for your Portuguese property investment immigration, and make your immigration journey easier. For more details, please call: 400-138-2929.