According to reports, in January 2022, the Portuguese real estate market saw a price increase of approximately 13.8% compared to the same month last year. This marks a strong acceleration compared to the 5% growth observed in 2020.
A study based on the Confidencial Imobiliário database shows a change of 1.9% compared to December. According to data from the residential information system, in January, considering the cumulative figures over three months, the average selling price of homes reached 2000 euros per square meter. For new homes, the average price was 3088 euros per square meter, while for second-hand homes, it was 1871 euros per square meter. The head of Confidencial Imobiliário pointed out that since the second half of 2021, the buying and selling market has begun to accelerate after experiencing a stagnation phase due to the pandemic.
Additionally, according to the idealista price index, in February 2022, the prices of homes for sale in Portugal increased by 1.3% compared to the previous month. By the end of February, the median price of residential properties was fixed at 2335 euros per square meter, with price increases of 0.6% and 7.9% compared to quarterly and annual changes, respectively.
As housing prices rise, Portugal's economy is also steadily recovering. Recently, the Portuguese National Institute of Statistics (INE) released a rapid estimate of GDP for 2021, predicting that the Portuguese economy will grow by 4.9%, exceeding government forecasts. This is also the highest growth rate for Portugal since 1990. After the INE announced that the 2021 economic growth forecast was higher than expected, the Portuguese government acknowledged that it would raise its forecast for 2022. The Portuguese Ministry of Finance indicated that the economic growth value for 2022 could exceed the government's predicted 5.5% based on GDP data.
Various signs indicate that the Portuguese economy is steadily recovering, and Portugal is being viewed favorably by capital markets. For those intending to invest in Portugal, now is an opportune time. As a member of the European Union, Portugal is a desirable country for living and tourism in Europe, and its lenient immigration policies have attracted countless applicants aspiring for EU passports. Whether for daily living, tourism, investment, or education, Portugal meets the needs of many, and an increasing number of individuals are choosing to go to Portugal for various reasons such as tourism, immigration, investment, and studying abroad. Since the launch of the Golden Residence Permit program in Portugal in 2012, it has been highly sought after by global immigration investors.
Currently, investors can obtain a residence permit in Portugal through the Golden Residence Permit program by investing from 280,000 euros to purchase property, allowing three generations of the family to apply for Portuguese Golden Residence status, enjoy Portugal's generous social benefits and quality educational resources, and freely travel to 26 Schengen countries, making it a win-win situation! At the same time, after holding the Portuguese Golden Residence Permit visa for five years and meeting the annual residency requirement of seven days, and passing the Portuguese A2 level exam, one becomes eligible to apply for Portuguese citizenship and receive a Portuguese EU passport, enjoying the benefits of EU citizenship. Additionally, children of those holding Portuguese Golden Residence status can participate in the Overseas Chinese Student Examination as Overseas Chinese students if they choose to return to their home country for development, easily gaining admission to top universities such as 985 and 211, and enjoying education in mainland universities.
As one of the top 500 Asian brands and focusing on investment immigration for over 20 years, Worldway Group is one of the earliest immigration agencies in China to promote the Portuguese Golden Residence Visa program since October 2012. In April 2013, it collaborated with the Portuguese Embassy in China to hold the "Launch Ceremony of the Portuguese Golden Residence Program", introducing the Portuguese Golden Residence Program to China and helping numerous investors realize their dreams of moving to Portugal. Worldway Group is your trusted choice for processing immigration to Portugal.
For more details on purchasing property for immigration to Portugal, please call the Worldway service hotline: Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798 or follow this public account and leave a message at the end of the article. Our experienced immigration consultants will provide you with professional answers.
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