Recently, according to the Confidencial Imobiliário residential price index, housing prices in mainland Portugal saw a slight increase of 0.1% in August compared to July of this year. However, compared to the same period last year, this increase reached 11.7%.
The appreciation of the Portuguese residential market has demonstrated strong resilience against the impact of the pandemic. Since March, prices have shown increasing stability, fluctuating between a high of 0.9% and a low of -0.2% per month. Therefore, even though the pandemic has caused economic contraction, Portuguese housing prices have continued to rise, remaining above the level of approximately 2.6% seen before February.
Unafraid of the pandemic, while housing prices in Portugal are rising, the volume of real estate sales is also surging. Data from a well-known Portuguese real estate agency shows that property sales in July and August increased by 46% and 61% respectively compared to the same period last year. According to a statement recently released by this real estate agency, the real estate market has shown a clear recovery in recent months. In terms of sales growth, July and August were two of the best-performing months of 2020, with July recording the highest number of property acquisitions.
Buying a home seems to be an eternal topic, and even in special times, it cannot dampen the enthusiasm of investors. The dual rise in Portuguese housing prices and property sales demonstrates its astonishing investment potential. More importantly, through the Portugal Golden Residence Permit Program, by purchasing properties starting from 350,000 EUR, you can not only acquire a property with permanent property rights but also apply for the Portugal Golden Residence status for three generations of your family. This allows you to enjoy Portugal's generous social welfare and high-quality educational resources, travel freely across 26 Schengen countries, and apply for Portuguese citizenship once conditions are met. This means obtaining a Portuguese passport and an EU passport, which can be described as achieving multiple goals at once!
According to data recently released by the Portuguese Immigration and Borders Service (SEF), in August 2020, the investment amount for the Portugal Golden Visa reached 57.7 million EUR, a further increase compared to July. In the first eight months of 2020, the investment amount for the Portugal Golden Visa reached 496.7 million EUR. Following this trend, by the end of 2020, the total investment for the Portugal Golden Visa may reach 745 million EUR, slightly higher than last year. It is evident that during the pandemic, the Portugal Golden Visa remains highly popular, with a continuous increase in applicants.
Currently, the Portuguese real estate market is booming and the environment is stable, making it an excellent opportunity for investment! As a Top 500 Asian Brand, WorldWay Group, as one of the earliest immigration agencies to promote the Portugal Golden Residence Permit Program in China, has partnered with a powerful Portuguese developer to introduce another major real estate project to investors—the Porto City Garden Apartments, to meet your investment immigration needs.
Project Overview of Porto City Garden Apartments
Project Type: Apartment
Unit Type: Studio/1-Bedroom/2-Bedroom
Price: Starting from 384,000 EUR
Project Highlights: Located in a bustling neighborhood in downtown 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. The chic and elegant design is intended to create a modern and comfortable life, with every unit having 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 the Portugal 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 Portugal "Golden Residence Permit Program" to China, starting a wonderful journey of Portugal investment immigration. As one of the earliest immigration agencies to promote the Portugal "Golden Residence Permit Program" in China, WorldWay has maintained good interaction with the Portuguese government for many years, helping you to easily immigrate to Portugal!
2020 Health Planning Year! Health planning, status first! For more details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852)2802 8798.
Some materials in this article are sourced from the internet, and the copyright belongs to the original author. If there are any copyright issues, please contact us for removal.
Investment involves risks. The above information is for reference only. Property images are for reference only, and the actual delivery shall prevail.