Citing a report from Xinhua Finance, Worldway Group notes that according to the latest data released by Eurostat, Portugal's average housing prices in 2018 increased by 10.3% year-on-year. This is more than double the EU average, making it the country with the highest housing price growth among EU member states. The average housing price growth for EU member states was 4.4%, and 4.3% for the Eurozone.
According to data from Statistics Portugal, housing prices in Portugal have been climbing steadily since mid-2013. Since the beginning of 2016, Portuguese housing prices have risen by more than 13%, and by 2017, they had almost returned to pre-2008 levels.
A recent survey report released by the global real estate consultancy Knight Frank suggests that the rise in housing prices in Portugal in recent years is directly linked to the country's "Golden Visa" program. The Portuguese "Golden Visa Program" was launched at the end of 2012. Currently, through the Portuguese "Golden Visa Program," investors only need to purchase properties worth at least 350,000 euros that are over 30 years old or located in urban renewal areas and renovate them, or purchase properties worth at least 500,000 euros, to apply for a Portuguese Golden Residence Permit for three generations of their family. This allows them to enjoy Portugal's generous benefits in education, healthcare, and retirement, travel freely within the Schengen Area, and simultaneously acquire properties with permanent ownership rights.
Since the implementation of the "Golden Visa Program" in Portugal, the policy has brought 4.07 billion euros in investment to the country, with real estate investment accounting for as much as 90.7%, becoming the primary driver for attracting investment. The Golden Visa has also boosted the development of the local Portuguese real estate market. Recently, Moody's Ratings pointed out in a report that Portugal will be one of the countries with the highest housing price growth among EU nations in the coming years, surpassing Ireland, the UK, France, and others.
In addition, factors such as robust economic fundamentals and low living costs have also made Portugal one of the preferred destinations for international investors, developers, and tourists.
In recent years, the Portuguese economy has recovered strongly, with an annual GDP growth rate of over 2%, higher than the EU average growth rate.
As is well known, as a popular European immigration destination, Portugal has been highly favored by global investors in recent years. According to the latest data on the Portuguese Golden Visa released by the Portuguese Immigration and Borders Service (SEF), as of May 31, 2019, the Portuguese government had issued Golden Visas to a cumulative total of 7,465 families, of which 7,042 families obtained their visas through real estate investment.
It is evident that whether in terms of real estate market development, the economy, or the number of applicants, Portugal is one of the most popular destinations for immigration investment. The Portuguese government's open immigration policy and favorable investment environment are attracting an increasing number of high-net-worth individuals from China to live and invest! Those interested in investing in Portugal should seize the excellent opportunity of the Portuguese "Golden Residence Permit" visa while the overall situation is favorable, to invest early and reap the benefits early!
As a top 500 Asian brand and a leading institution in investment immigration, Worldway Group, as a pioneer in European investment immigration projects, has always been at the forefront of the industry regarding investment immigration to Portugal. In April 2013, Worldway, in collaboration with the Embassy of Portugal in China, introduced the Portuguese "Golden Residence Program" to China, embarking on a wonderful journey of investment immigration to Portugal. As one of the immigration agencies that promoted the Portuguese "Golden Residence Program" in China early on, Worldway has maintained a good relationship with the Portuguese government for many years, helping investors easily realize their dreams of immigrating to Portugal.
Purchase property from just 350,000 euros to immigrate to Portugal with three generations of your family; gain both property and status, and reap multiple rewards! Currently, it is Worldway's 5th American Immigration Month. To thank new and old clients, Worldway is launching major discounts across all mainstream projects, with many highlights not to be missed! For details, please consult: 400-138-2929.
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