Recently, the Portuguese Immigration and Borders Service (SEF) released Golden Visa data for November 2020, showing that 86 main applicants and 101 family members were approved for the Portuguese Golden Visa that month, representing a nearly 60% increase in main applicants compared to October. In terms of total investment, the figure for November rose by 74.75% compared to October, reaching 50.097 million euros.
According to the data, among all those approved, 80 investors obtained the Golden Residence Permit through property acquisition, with an investment amount of 47.297 million euros. Of this, 87% of the funds flowed into the 500,000-euro property purchase program, a slight increase in proportion compared to the previous month, while 13% of the funds went into the 350,000-euro renovation project. As the data shows, overseas investors remain highly interested in the Portuguese real estate market. Regarding the nationality of the main applicants, there were 22 investors from China, an increase from September and October, continuing to rank first.
At a time when the pandemic has not yet fully ended, it is truly remarkable that the Portuguese Golden Visa has achieved such impressive results! This also means that investors remain optimistic about Portugal's future development potential. The EU GDP growth data for the third quarter of this year, recently released by Eurostat, also confirms that Portugal's prospects are broad.
According to data released by Eurostat: EU GDP growth in the third quarter of this year hit a record high. Among them, Portugal's economy grew by 13.3% in the third quarter compared to the previous three months, ranking fourth among all EU countries. A total of 11 EU countries saw growth rates exceeding 10%. In the Eurozone, the third quarter saw a 12.5% increase compared to the second quarter, which is the strongest quarter-on-quarter growth since Eurostat began collecting this data (i.e., since 1995).
In November, influenced by news such as the closure of the Cyprus passport program, changes to the Malta passport program, and the potential closure of the Golden Visa policy in highly sought-after areas like Lisbon and Porto, many investors are rushing to enter the market, racing against time to seize this rare shortcut to obtaining EU citizenship. Furthermore, with the recent release of Portugal's new Nationality Law, children born in Portugal to parents where at least one holds a Portuguese Golden Residence Permit for at least one year can directly obtain Portuguese nationality. This major benefit is expected to attract more investors to immigrate, potentially sparking a new wave of immigration to Portugal.
Currently, through the Portuguese Golden Residence Permit Program, investors can purchase properties starting from 350,000 euros to apply for Golden Residence status for three generations of their family, enjoy Portugal's generous social welfare and high-quality educational resources, travel freely through 26 Schengen countries, and apply for Portuguese citizenship upon meeting the conditions—thereby obtaining an EU passport while also acquiring real estate with permanent property rights. It is truly a multi-benefit investment.
Immigration is best done sooner rather than later. With the Portuguese Golden Visa program set to change, investors interested in investment immigration to Portugal and applying for an EU passport should seize the current opportunity to purchase property in Lisbon and 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 promoted the Portuguese Golden Residence Permit Program in China early on, has partnered with a powerful Portuguese developer to introduce another major property project to investors—the Lisbon CBD Center, which has now made a stunning debut. Enjoy significant discounts on property purchases; units are limited, so act fast!
Overview of the Lisbon CBD Center Project
Project Type: Apartment
Unit Types: Studio / 2-Bedroom Apartment / 1-Bedroom Duplex
Price: Starting from 350,000 euros
The project is located in a trendy area in the heart of Lisbon, known for its fashion and modern art, with surrounding buildings featuring artistic characteristics. The project is situated between two highly influential CBDs, boasting a unique geographical location. Quiet churches, garden squares, trendy bars, high-end restaurants, boutiques, and a wide array of shopping centers are all gathered here, making life here leisurely and comfortable! The project features modern and cozy decor, with complete supporting facilities such as a gym and business center, making it suitable for both renting and self-occupation.
Surrounded by famous attractions and numerous Fortune 500 companies
The project is close to the famous Marquis of Pombal Square, Lisbon's "Champs-Élysées" (Avenida da Liberdade), Eduardo VII Park, and the Amoreiras Shopping Center, a highly iconic commercial building in Lisbon. At the same time, numerous Fortune 500 companies are located in the vicinity, such as Volkswagen, Accenture, Eurobank, CBRE, and McKinsey International INC.
Gathering place for embassies with a safe environment
Embassies from various countries are gathered here, and it is very close to the British Embassy. The area is economically prosperous with high-quality neighbors, mostly consisting of local wealthy individuals and immigrant groups from EU countries, ensuring a safe environment.
Project Renderings (The following images are for reference only; actual delivery shall prevail)
Currently, you can enjoy significant discounts on property purchases for Portuguese immigration. Units are limited, so act fast to secure a great property! For details, please consult the WorldWay service hotline: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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