According to data recently released by Statistics Portugal (INE), a total of 230,776 real estate transactions were recorded in Portugal last year, with a total value of 25.955 billion euros, meaning the average purchase price was approximately 112,400 euros. Of these, foreigners purchased 19,520 properties, accounting for 8.5% of the total. Foreigners invested a total of 3.443 billion euros, representing 13.3% of the total, which is higher than the 13% recorded in 2018.
Data also shows that in terms of the number of purchases, French investors bought more properties; although Chinese investors lagged behind the French in quantity, they ranked first in total purchase value, indicating that Chinese investors have invested more capital in Portuguese real estate. Last year, the average price per property purchased by Chinese investors was 373,000 euros, more than double the average price for properties sold to foreign residents.
In recent years, many Chinese investors have turned their attention to the European real estate market. As a long-standing European capitalist country, Portugal's numerous real estate investment advantages have made it one of the most favored destinations for investors. There are many reasons why Chinese investors purchase property in Portugal. Beyond the inherent affinity Chinese investors have for real estate, it is also due to the implicit benefits brought by purchasing property in Portugal, namely the "Portugal Golden Residence Permit Program" launched by the Portuguese government. By purchasing property starting from 350,000 euros, investors not only acquire permanent property rights and enter the Portuguese real estate market, but can also apply for Portugal Golden Residence Permits for three generations of their family, travel freely through 26 Schengen countries, and, upon meeting the requirements, apply for Portuguese citizenship, thereby obtaining an EU passport—a win-win for both investment and status.
Currently, affected by the pandemic, the real estate industries in many countries are performing sluggishly, while Portugal's real estate has shown surprising resilience. According to data released by a well-known real estate sales website, the average housing price for transactions in the first half of this year rose by 8% to 166,359 euros, an increase of nearly 12,000 euros compared to the previous year, when it was only 155,400 euros in the same period.
Not only are housing prices rising, but rental prices in Portugal are also soaring: compared to May, housing rents in Portugal rose by 10% in June. Among them, the Lisbon region saw an increase of 8.5%, with the average rent reaching 1,546 euros.
The rise in both housing prices and rents demonstrates the astonishing potential of Portuguese real estate; now is an excellent time to invest! As a top 500 Asian brand, Worldway Group, one of the earliest immigration agencies to promote the Portugal Golden Residence Permit Program in China, has partnered with powerful Portuguese developers to introduce another major 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 area is surrounded by boutiques, cozy cafes, exquisite casual restaurants, charming historical buildings, and tourist attractions. The project offers various unit types to 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 Portugal Golden Visa.
As an active promoter of European investment immigration, Worldway Group partnered with the Portuguese Embassy 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!
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