According to a comprehensive report by the Puhua News, nearly one-quarter of coastal properties in Portugal are being purchased or rented by foreigners. According to data released on the Idealista real estate platform, in July, investments by non-Portuguese citizens accounted for 24% of real estate investments across 422 coastal suburbs in Portugal.
A data manager at Idealista stated that Portugal continues to attract the attention of foreign investors. Even during the Covid-19 pandemic, with restrictions related to mobility in place, active international demand remains evident.
During the Covid-19 pandemic this year, many countries' real estate markets have struggled to withstand the test. Why does the Portuguese real estate market continue to attract the attention of foreign investors? This is inseparable from the strong performance of the Portuguese real estate market. According to Eurostat real estate transaction data, housing prices in the Eurozone have risen by 4.9% compared to the same period last year. Among them, housing prices in Portugal rose by 10.3%, more than double the growth rate of the Eurozone. In addition to housing prices, rents are also rising. Compared to May, housing rents in Portugal increased by 10% in June. Fearless of the pandemic, both housing prices and rents in Portugal have risen, demonstrating the broad prospects of the Portuguese real estate market.
As a member of the European Union, Portugal has always been favored by investors. Currently, through the Portugal Golden Residence Permit Program, investors who purchase properties starting from 350,000 euros can apply for Portuguese Golden Residence status for three generations of their family, enjoying Portugal's generous social welfare and high-quality educational resources, and traveling freely across 26 Schengen countries. After meeting the conditions, they can also apply for Portuguese citizenship, i.e., naturalize in Portugal, obtain an EU passport, and simultaneously acquire properties with permanent property rights—truly a multi-benefit solution! Those interested in investing in Portugal may wish to seize the policy advantages and take advantage of the excellent opportunity to invest in property and immigrate while it is still possible in Lisbon and Porto, applying early to obtain status sooner.
As one of the earlier immigration agencies to promote the Portugal Golden Residence Permit Program in China, WorldWay Group, in collaboration with powerful Portuguese developers, introduces another heavyweight real estate project to investors—Porto City Garden Apartments, meeting your investment immigration needs.
Project Overview: Porto City Garden Apartments
Project Type: Apartment
Unit Types: Studio/1-Bedroom/2-Bedroom
Price: Starting from 384,000 Euros
Project Highlights: Located in a bustling district of Porto, the surrounding area is filled with boutiques, cozy cafes, exquisite casual restaurants, charming historical buildings, and tourist attractions. The project's various unit types meet the needs of different clients, with chic and elegant designs aimed at creating a modern and comfortable lifestyle, and every unit has direct access to a landscaped garden. The project is close to subway and train stations, providing convenient access to other parts of Porto and even the whole of Portugal. In addition, famous universities, hospitals, and international schools in Porto are within walking distance. It complies with the Portugal Golden Residence Permit Program act, and purchasing a property allows the whole family of three generations to apply for a Portuguese Golden Visa.
As an active promoter of European investment immigration, WorldWay Group partnered with the Embassy of Portugal in China as early as 2013 to introduce the Portuguese "Golden Residence Permit Program" to China, starting a wonderful journey of investment immigration to Portugal. As one of the earlier immigration agencies to promote the Portuguese "Golden Residence Permit Program" in China, WorldWay has maintained good interaction with the Portuguese government for many years to help you immigrate to Portugal with ease!
2020 is the Year of Health Planning! Plan for health, secure your status first! For more details, please consult: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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