Recently, according to comprehensive reports from the Puhua Bao, as the first country to submit an economic recovery plan to the European Union to obtain aid, Portugal has received an initial disbursement of €2.2 billion from the EU. The European Commission emphasized that these funds will help Portugal promptly initiate key investment projects and reform measures within its economic recovery plan. The Commission stated that it will continue to make further payments as planned, based on the pace of Portugal's economic recovery. It is reported that Portugal has applied for a total of €16.6 billion in aid from the EU.
In addition, the Portuguese government has already begun its economic recovery plan. Also reported by the Puhua Bao, the Lisbon Metro has been authorized to begin construction on the metro line connecting Odivelas and Loures, receiving €250 million in construction funding from the Recovery and Resilience Plan.
As a top performer in Europe's fight against the pandemic, Portugal was favored by capital markets last year. It is believed that with EU economic aid and the authorities' recovery plans, the Portuguese economy will soon recover and even reach new heights. Recently, according to economic data released by the National Statistics Institute of Portugal, the Portuguese economy achieved double-digit growth between April and June, an increase of 15.5% compared to the same period last year. Compared to the previous quarter, Portugal's GDP grew by 4.9%.
Meanwhile, data from the Higher Institute of Economics and Management also shows that the Portuguese economy grew by 15% to 16% year-on-year in the second quarter of this year, and by 4.6% to 5.5% compared to the first quarter. While the economy is recovering strongly, the real estate market is also gradually warming up. Data shows that in the second quarter of 2021, the selling price of apartments in Portugal continued to grow gradually, with an average year-on-year increase of 1.13%.
According to the recently released "2021 Investor Intentions Survey for Europe, the Middle East, and Africa," Lisbon, the capital of Portugal, ranks high among the most attractive European cities in 2021. The sudden outbreak of the pandemic last year made many investors realize the importance of overseas investment and asset allocation.
As a country in Europe suitable for living and tourism, Portugal can meet the needs of many people in terms of food, clothing, housing, transportation, tourism, and investment. More and more people are choosing to go to Portugal for various reasons such as tourism, immigration, investment, and study abroad. Its capital, Lisbon, is highly sought after by investors for its high quality of life and promising investment prospects! In the post-pandemic era, Lisbon will attract more investors with its various advantages. Investors interested in entering the Lisbon real estate market should enter as early as possible.
New Policy for Portugal Golden Residence Visa
Effective from January 1, 2022
Catch the "Last Train" for
Property Investment Immigration in Lisbon and Porto
Immigration should be done early rather than late! According to Law No. 14 of 2021 promulgated by the Portuguese government, starting from January 1, 2022, immigrating to Portugal by purchasing residential real estate will be limited to inland areas, the Madeira Islands, and the Azores. For the two popular investment cities favored by Chinese investors, Lisbon and Porto, they will no longer qualify under the Portugal Golden Residence Act according to the new policy. Investors who intend to purchase property in Lisbon or Porto to obtain status and apply for an EU passport must seize the "window period" of the last few months, act quickly, and catch the "last train" for property investment immigration in Lisbon and Porto.
As one of the Top 500 Asian Brands, WorldWay Group, as an immigration agency that promoted the Portugal Golden Residence Program in China early on, joins hands with powerful Portuguese developers to grandly recommend another high-quality Portugal immigration project to investors—the brand-new, fully furnished garden apartment project in the center of Lisbon, "Count's Garden," helping investors catch the last train for property investment immigration in Lisbon and Porto!
Brand-new, fully furnished garden apartments in the center of Lisbon
"Count's Garden"
◆ A rare project that meets the €350,000 immigration policy with high cost-effectiveness
◆ Located in the core area of Lisbon city center, with broad prospects and beautiful surroundings
◆ Convenient transportation, about a 10-minute walk to the subway station
◆ A rare green, warm, and eco-friendly community with complete living facilities
◆ Various unit types available, suitable for both renting and self-occupation
The project is located in the center of Lisbon and features 20 newly renovated, fully furnished apartments. The project boasts breathtaking views of Lisbon. The project was developed using global environmental protection concepts. Recyclable and eco-friendly building materials will be used in this project. Many orange and lemon trees will be planted as greenery, providing owners living here with self-service green planting areas, as well as electric bicycle sharing equipment. This will become one of the greenest and most eco-friendly projects in Lisbon.
Project renderings (the following images are for reference only, subject to actual delivery)
As one of the Top 500 Asian Brands and a WorldWay Group that has focused on investment immigration for over 20 years, we were one of the first immigration agencies in China to promote the Portugal Golden Residence Visa project in October 2012. In April 2013, we joined hands with the Embassy of Portugal in China to hold the "Portugal Golden Residence Program Launch Ceremony," introducing the Portugal Golden Residence Program to China and helping many investors realize their dreams of Portugal.
Major good news! Canada immigration full-line rewards. From now until October 31, 2021, apply for Canada immigration and receive an IELTS gift package. Quotas are limited, while supplies last. For more details, please call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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Investment involves risks, the above information is for reference only.