Located in southwestern Europe, Portugal boasts a pleasant climate and world-class medical services. It has long been a popular tourist destination and a favored place for retirees to settle down. In fact, Portugal is not only a highly livable country but also offers simple pathways and methods to obtain Portuguese residency. In recent years, with the continuous recovery of Portugal's economy and real estate, property investment immigration has become even more popular among investors.
Although the sudden COVID-19 pandemic in early 2020 caused fluctuations in real estate markets around the world, with property prices in many countries showing negative growth, Portugal's real estate market has bucked the trend and maintained a positive development momentum. Both local Portuguese investors and overseas investors remain full of confidence in the Portuguese property market. Below, join Worldway as we use big data to examine the trends in the Portuguese real estate market.
Housing Price Index
Since 2016, the growth rate of housing prices in Portugal has remained at no less than 6% per year!
Market Transaction Volume in Q2 2019/2020
In the second quarter of 2020, the total number of transactions was 33,398, with a total transaction value of 5.14 billion euros. Of these, 28,172 were second-hand property transactions, totaling 4.09 billion euros; 5,226 were new property transactions, totaling 1.05 billion euros.
Portugal Property Price Index
Portugal's housing index rose from 151.23 points in the first quarter of 2020 to 152.50 points in the second quarter of 2020. The Portuguese real estate market has been growing over the past few years, though the growth rate of housing prices slowed in the second quarter of 2020 due to the pandemic. Compared to the previous year, housing prices in the first quarter of 2020 grew by 10.09% year-on-year, and in the second quarter, they grew by 8.12% year-on-year.
Composition of Real Estate Market Investors
In 2020, among property transactions in Portugal, 45% were foreign investors and 55% were domestic buyers. Chinese investors remain the mainstream investors in the Portuguese real estate market.
Buying a home seems to be an eternal topic; even during the special period of the pandemic, it could not stop the pace of investors buying property. The data above shows that Portuguese housing prices and transaction volumes continue to increase, demonstrating the resilience of the Portuguese real estate market. Coupled with the support of the Portugal Golden Residence Permit Program, where property purchase allows for immigration, it will attract more investors.
Currently, through the Portugal Golden Residence Permit Program, purchasing property starting from 350,000 euros allows a family of three generations to apply for Portuguese Golden Residence status, enjoy Portugal's generous social welfare and high-quality educational resources, and travel freely across 26 Schengen countries. After meeting the conditions, one can apply for Portuguese citizenship, obtain an EU passport, and acquire property with permanent ownership—truly a multi-benefit solution. With the closure of the Cyprus Investment Program, which offered a direct path to an EU passport, this shortcut to obtaining EU citizenship through the Portugal Golden Visa will attract more investors. Furthermore, with the recent introduction of Portugal's new Nationality Law, as long as either parent has held a Portuguese Golden Residence Permit for at least one year, their children born in Portugal can directly obtain Portuguese nationality. This major benefit will attract more investors to immigrate here, and Portuguese immigration may see a new surge.
Immigration is best done sooner rather than later. The Portugal Golden Visa program is on the verge of policy changes. Investors interested in investment immigration to Portugal and applying for an EU passport should seize the current excellent opportunity to purchase property in Lisbon or Porto. Get on board early to secure your status sooner.
As one of the Top 500 Asian Brands, Worldway Group, as an immigration agency that was among the first to promote the Portugal Golden Residence Permit Program in China, is partnering with powerful Portuguese developers to introduce another major property project in Lisbon to investors—apartments in the heart of Lisbon are currently selling hot. Properties are limited, so act fast!
Overview of the Lisbon City Center Apartment Project
Project Type: Apartment
Layout: 1-bedroom
Price: From 381,000 euros
The project is located in the heart of Lisbon—a bustling and historic area with unique geographical advantages, where art galleries, restaurants, bars, parks, and hotels are all gathered. The project is close to the Marquês de Pombal Square, Eduardo VII Park, and Avenida da Liberdade, with convenient access to metro lines. Surrounding living facilities such as star-rated hotels, shopping centers, supermarkets, and hospitals are all available.
Convenient Transportation
The project is located at the intersection of multiple metro lines, running through the entire city of Lisbon, making transportation very convenient. The project forms a network with metro station routes, increasing transportation dimensions while making the project itself more attractive.
Marquês de Pombal Metro Station — 448m
Picoas Metro Station — 615m
Parque Blue Line — 666m
Anjos Metro Station — 870m
Saldanha Yellow Line — 1.1km
Embassy District with Good Security
The project is located in an embassy district with good security, adjacent to the Italian Embassy, and not far from the German Embassy, British Embassy, Danish Embassy, etc. The residents are mostly high-level professionals such as embassy staff. The excellent regional environment makes the project easier to rent out.
Surrounded by High-Quality Hospitals for Convenient Medical Care
The project is located in the city center, surrounded by several high-quality hospitals. The Alfredo da Costa Maternity Hospital, Santa Marta Hospital, and Curry Cabral Hospital are national cooperative hospitals close to the project, providing convenience for your future health and medical needs abroad.
Project Interior Renderings (The following images are for reference only; actual delivery shall prevail)
Purchasing property from 350,000 euros not only allows you to acquire property with permanent ownership but also allows a family of three generations to apply for a Portuguese Golden Residence Permit. Meeting the conditions also allows you to apply for Portuguese citizenship and obtain a Portuguese EU passport, achieving both investment and status goals. Currently, you can enjoy major discounts on property purchases. Properties are limited, so act early to get a good home!
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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 the original author and us for deletion. Investment involves risks; the above information is for reference only, and property images are for reference; actual delivery shall prevail.