During the global pandemic, house prices in many European countries have shown an upward trend! According to newly released data from Eurostat, compared to the same period in 2020, house prices in the Eurozone and the European Union (EU) rose by 5.8% and 6.1% respectively in the first quarter of 2021, both hitting record highs! Among them, the Eurozone house price increase is the largest since the fourth quarter of 2006, and the EU house price increase is the largest since the third quarter of 2007!
Portugal, a developed country in the EU, has also seen a steady upward trend in house prices. According to the Housing Price Index released by Statistics Portugal (INE) in June, house prices in Portugal rose by 5.2% in the first quarter of 2021 compared to the same period in 2020! This data shows that the Portuguese real estate market remains robust, presenting numerous opportunities!
In the post-pandemic era, Portugal's economic growth momentum is strong, offering significant real estate market opportunities
According to data from the ISEG (Lisbon School of Economics and Management), Portugal's 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. Previously, the "Jornal de Negócios" reported that a Bloomberg survey of 19 international economists predicted that Portugal's GDP would grow by 4.7% in 2021 and by 4.3% in 2022, higher than the 3.5% forecast last December. In the post-pandemic era, as Portugal's economy recovers strongly, it will continue to inject more international capital into the real estate market.
As a livable European destination and a world-renowned tourist hotspot, Portugal has a very vibrant short-term rental market. In addition, with numerous Fortune 500 companies entering Portugal, the demand for long-term rentals is also very strong. As vaccination efforts progress smoothly and the pandemic situation improves, Portugal's tourism industry is gradually recovering, and house rents will remain high, bringing more generous returns to investors!
Portugal Golden Residence Permit Program, a fast springboard to obtain an EU passport with a low threshold
In recent years, thanks to its highly safe social environment, pristine natural beauty, high-quality education system, comprehensive social security system, and fast and convenient immigration policies, Portugal has been highly favored by immigrant investors, and its recognition among high-net-worth individuals has been rising steadily. According to data in a JLL report, Portugal has become one of the investment destinations favored by the international capital market, and more and more immigrant investors are choosing to go to Portugal for various reasons such as investment, vacation, retirement, and education.
Since the closure of the Cyprus EU passport program and the significant increase in investment requirements for the Malta passport program, there are few programs left that can quickly obtain EU status, and the Portugal Golden Residence Permit Program is an excellent springboard to obtain an EU passport with a low threshold. Currently, through the Portugal Golden Residence Permit Program, investors can purchase properties that are over 30 years old or located in urban rehabilitation areas and renovate them for a total value of over 350,000 euros; or purchase real estate (including land resources, residential properties, commercial properties, etc.) with a value of no less than 500,000 euros. This allows the whole family of three generations to apply for Portuguese Golden Residence status, enjoy Portugal's generous social welfare and high-quality educational resources, travel freely through 26 Schengen countries, and, if corresponding conditions are met, children can participate in the Joint Entrance Exam for Overseas Chinese Students to easily enter top-tier universities such as 985 and 211 institutions, enjoying mainland higher education. It can be described as killing many birds with one stone!
New Policy for Portugal Golden Residence Visa
To be implemented from January 1, 2022
Catch the "last train" for property investment immigration
in Lisbon and Porto
Immigration should be done sooner rather than later! According to Article 14 of the 2021 law 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, according to the new policy, they will no longer qualify under the Portuguese Golden Residence Act. Investors who intend to purchase property in Lisbon or Porto to obtain status and apply for an EU passport must seize the final few months of the "window period," act quickly, and catch the "last train" for property investment immigration in Lisbon and Porto.
As an Asian Top 500 brand, WorldWay Group, as one of the earlier immigration agencies to promote the Portugal Golden Residence Permit Program in China, has joined hands with powerful Portuguese developers to grandly recommend another high-quality Portugal immigration project—the brand-new, fully furnished garden apartment in the center of Lisbon, "Earl's Garden," helping investors catch the last train for property investment immigration in Lisbon and Porto!
Brand-new fully furnished garden apartment in the center of Lisbon
"Earl's Garden"
◆ A rare project that meets the 350,000 euro immigration policy, with high cost-effectiveness
◆ Located in the core area of Lisbon city center, with broad prospects and beautiful surrounding environment
◆ Convenient transportation, about a 10-minute walk to the subway station
◆ A rare green, warm, and eco-friendly community with complete living facilities
◆ A variety of layouts to choose from, suitable for both renting and self-occupation
The project is located in the center of Lisbon and has 20 brand-new, fully furnished apartments after renovation. The project boasts breathtaking views of Lisbon. The project was developed using the Earth's environmental protection concept. Recyclable and eco-friendly building materials will be used in this project. Many orange and lemon trees will also be planted here as landscaping, providing self-service green planting areas for owners living here, 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 pictures are for reference only, subject to actual delivery)
As an Asian Top 500 brand and investment immigration specialist for over 20 years, WorldWay Group is the immigration agency that promoted the Portugal Golden Residence Visa project in China earlier in October 2012. In April 2013, it joined hands with the Portuguese Embassy in China to hold the "Portugal Golden Residence Plan Launch Ceremony," introducing the Portugal Golden Residence Plan to China and helping many investors realize their dreams of Portugal.
Great news! Canada immigration full-line rewards, from now until October 31, 2021, apply for Canada immigration and get 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.