At the beginning of 2020, Portugal passed an amendment to the 2020 budget regarding the Golden Residence Visa program, intending to raise the investment threshold for the Golden Residence Visa. Recently, due to the impact of the coronavirus, the modification of this plan has been suspended. This means that currently purchasing real estate worth no less than 500,000 euros in Lisbon and Porto still allows for the application of Portuguese Golden Residence status.
Real estate professionals in Portugal are calling for the retention of the investment immigration policy, believing that foreign investment helped Portugal overcome difficulties during previous economic crises. Due to the pandemic, the government will reconsider maintaining the existing investment immigration policy. The official channel of the Portuguese Ministry of Foreign Affairs stated, "Changing policies is not a priority at the moment" and "there will be no effective changes before the end of the year."
In recent years, Portugal has been favored by investors. According to data released by the Portuguese Immigration and Borders Service (SEF), from the launch of the Golden Residence Program on October 8, 2012, to March 31, 2020, the total investment attracted by the Portuguese Golden Residence Permit program reached 5.11 billion euros. Among them, real estate investment remains a popular choice, with an investment amount of 4.6 billion euros, accounting for 90% of the total investment. Meanwhile, during the pandemic, the Portuguese real estate market has remained relatively stable. According to a report by "dinheiro vivo," based on the residential price index report from Confidencial Imobiliário, in March of this year, housing prices in mainland Portugal increased by 0.4%.
The suspension of the new policy amendment for Portugal's "Golden Visa" presents a great opportunity for investors to invest in Porto. Porto is Portugal's second-largest city, known for its vibrant culture, thriving entrepreneurial spirit, sound infrastructure, world-renowned cuisine, innovative image, and prestigious universities, all of which highlight Porto's charm as a UNESCO World Heritage city. Investors interested in entering the Porto real estate market should act quickly, as this may be the last opportunity.
WorldWay Immigration Group, one of the early immigration agencies promoting the Portuguese "Golden Residence Program" in China, collaborates with reputable Portuguese developers to introduce high-quality real estate immigration projects to investors—such as the Garden Apartments in downtown Porto—meeting your immigration, property, and investment needs.
The Garden Apartments project in downtown Porto is located in a bustling area of the city. It boasts a prime location with convenient transportation; abundant educational resources nearby; and complete supporting facilities. The project offers various layouts to meet different client needs. Spacious and charming rooms paired with exquisite and elegant decor provide you with a comfortable living experience; each unit has direct access to a scenic garden, allowing you to enjoy the renowned neighborhoods and law school of Porto, providing relaxation for your busy life. This project complies with the Portuguese Golden Residence Visa program, allowing the purchase of property to apply for the Portuguese Golden Visa for three generations of the family.
Currently, through the Portuguese Golden Residence Program, in addition to purchasing real estate worth no less than 500,000 euros, investors can also purchase properties starting from 350,000 euros, allowing three generations of the family to apply for Portuguese Golden Residence status, travel freely across 26 Schengen countries, and acquire properties with permanent ownership, planning a suitable retirement residence for themselves and their families, achieving multiple benefits!
As an active promoter of investment immigration in Europe, WorldWay Immigration Group introduced the Portuguese "Golden Residence Program" to China in 2013 in collaboration with the Portuguese Embassy in China, marking the beginning of an exciting journey in Portuguese investment immigration. As one of the early immigration agencies promoting the Portuguese "Golden Residence Program" in China, WorldWay Immigration has maintained good interaction with the Portuguese government over the years, assisting you in easily immigrating to Portugal!
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