According to foreign media reports, under the latest legislation enacted in Portugal, residential lease agreements must have a term of at least one year and no more than 30 years. Landlords cannot terminate contracts unilaterally; unless the landlord or their direct descendants require the property for personal residence or otherwise specified, the minimum duration for automatic contract renewal is three years. For non-residential property leases, the minimum duration for automatic renewal is five years.
The introduction of this legislation will further regulate the housing rental market in Portugal. The protection of tenant interests may trigger a new wave of rental demand in Portugal, indicating a promising outlook for the rental market. Naturally, this move is also highly likely to lead to an increase in rental prices in Portugal, which in turn will significantly improve the rental yield for those who purchase property in Portugal and lease it out.
At a time when property investment immigration in Europe is exceptionally popular, the Portugal Golden Residence Permit Program is one of the most favored projects among Chinese investors! The immigration incentive policies opened by the Portuguese government are attracting an increasing number of high-net-worth individuals from China to live and invest there.
As a pioneer in European investment immigration, WorldWay Group partnered with the Embassy of Portugal in China in April 2013 to introduce the Portugal "Golden Residence Permit Program" to China, embarking on a brilliant journey of Portuguese investment immigration.
As one of the earliest immigration agencies to promote the Portugal "Golden Residence Permit Program" in China, WorldWay has maintained excellent relations with the Portuguese government for many years and is your solid backing on the path to immigration!
This September, the 2018 China-Europe Trade and Investment Forum, the first large-scale China-Europe forum organized by a non-governmental institution in China, co-organized by the WorldWay Wealth Club, hosted by WorldWay Group and Visas Capital Group, and sponsored by Visas Real Estate, attracted widespread attention from all sectors of society. Officials from the embassies of 18 European countries in China were invited to attend, and the gathering of a thousand people will surely be recorded in the annals of China-Europe history! The successful hosting of the forum once again confirms the professional brand strength, excellent government relations, and status of WorldWay Group in the European investment immigration industry.
Choose WorldWay for your Portuguese investment immigration and make your immigration journey easier! Europe is entering a golden decade; how can you seize the opportunity and stay one step ahead? One-click consultation: 400-138-2929.
