Worldway Group has learned that according to the latest 'Tourism Barometer' released by the Portuguese Institute for Tourism Planning and Development, Portugal's tourism industry is expected to perform as well as or better than it did in 2018. Over the next six months, domestic demand, private investment, and employment are all projected to increase.
It is reported that regarding the performance of the national tourism industry in 2018, 73.5% of respondents felt it met expectations, while 22.1% exceeded them. 67.6% of respondents believed that external investment performance met expectations, and 20.6% stated it was higher than expected.
In January 2019, the average confidence level in Portugal's tourism industry was 81 points, an increase of 4 points from October 2018. Among these, 44.1% of respondents believed that Portugal's tourism performance in 2019 would be roughly on par with 2018, while 33.8% believed it would exceed 2018 levels.
Tourism shines bright, driving the booming real estate industry
In recent years, Portugal's tourism industry has flourished, and the country has won numerous international tourism awards. According to data released by the Bank of Portugal, in the first half of 2018, Portugal's tourism revenue increased by 13.9% compared to the same period last year, and tourism industry profits grew by 17.3%. Meanwhile, the number of tourists received by Portuguese airports increased by 9% year-on-year. It is evident that the value of tourism in Portugal is continuously rising, attracting more and more tourists to spend, which has driven up demand for housing rentals and caused the real estate industry to thrive.
In 2019, both the rental and home-buying markets in Portugal are highly sought after, with the rental sector being particularly eye-catching, as rental prices have risen by 26% compared to the same period in 2016. For investors who have already entered the market, this is a tangible reward!
Buy property starting from 350,000 Euros for both investment and residency
The vigorous development of Portugal's tourism industry has driven a hot real estate market, and the investment prospects are clear to all. Interested investors should seize the opportunity and act in a timely manner.
Currently, through the Portugal Golden Residence Permit Program, by purchasing properties over 30 years old or properties located in urban rehabilitation areas with a total investment of no less than 350,000 Euros, the whole family of three generations can quickly obtain a Portuguese Golden Residence Permit. This also allows participation in the Portuguese real estate market, achieving a double harvest of investment and residency.
As a top 500 Asian brand and a leading investment immigration institution, Worldway Group, as a pioneer in European investment immigration projects, has always been at the forefront of the industry regarding Portuguese investment immigration. In April 2013, in collaboration with the Embassy of Portugal in China, we introduced the Portuguese 'Golden Residence Permit Program' to China, starting a wonderful journey of Portuguese investment immigration. As one of the earliest immigration agencies to promote the Portuguese 'Golden Residence Permit Program' in China, Worldway has maintained a good relationship with the Portuguese government for many years, helping investors easily realize their dreams of immigrating to Portugal.
At the same time, Worldway always puts the interests of investors first, partnering with powerful Portuguese developers to select high-quality real estate projects for investors. Currently, the high-quality apartment project in the old town of Lisbon, launched by Worldway in cooperation with a powerful Portuguese developer, is selling fast.
High-quality Apartment in Lisbon's Old Town Project Overview
Location: Lisbon, Old Town
Layout: Two bedrooms, one living room, one bathroom
Total Area: 57㎡
Floor: 1st Floor
Price: 365,000 Euros
Project Highlights: Superior location with great appreciation potential; 5-year rental guarantee with 3% annual yield, property management fees waived during the rental period; complimentary 15,000 Euro furniture package; purchase property to obtain a Portuguese Golden Residence Visa for the whole family of three generations
A bridge carries the memories of a city; a home gathers the colors of a nation. This apartment is located next to the 25 de Abril Bridge, known as the longest bridge in Europe, surrounded by Portugal's long-standing historical landscapes, with great appreciation potential.
Project Location
The project is located at the junction of Lisbon's old town and the Belém district, with tourist attractions scattered everywhere and bustling with visitors. It is a 10-minute walk to the banks of the Tagus River. The 25 de Abril Bridge, Belém Tower, Monument to the Discoveries, the century-old egg tart shop, and the Jerónimos Monastery are all within easy reach. Next to the 25 de Abril Bridge, you can enjoy the most beautiful sunset views in Portugal.
Satellite View
The project's superior location and convenient transportation make your life easy. The project is surrounded by subways and buses, with a well-developed transportation network, and the airport can be reached within a 15-minute drive; the surrounding area has famous commercial streets and large supermarkets, with complete infrastructure to fully meet the living needs of residents.
The public transportation around the project is very well-developed, with subway, bus, and tram lines extending in all directions, and there is even the fun amphibious bus—Hippotrip.
Decoration Schematic
Tailor-made, buy property starting from 350,000 Euros to immigrate to Portugal. Properties are limited, buy early and benefit early! For more details on Portuguese property investment immigration projects, please consult: 400-138-2929.
