Recently, newly released data from Eurostat shows that in the first quarter of 2022, the EU economy grew by 5.2% overall, and the Eurozone economy grew by 5.1%, showing steady and positive performance! Among them, Portugal's economy grew by 11.9% year-on-year, making it the fastest-growing economy among EU member states, with exceptionally strong performance!
Meanwhile, according to the 2022 Spring Macroeconomic Forecast released by the European Union, Portugal is ranked as the EU country with the highest expected growth rate for 2022! The European Commission has raised its forecast for Portugal's economic growth from the 5.5% estimated in February to 5.8%, far higher than the 2.7% growth rate of the EU and the Eurozone.
Portugal's economy is recovering strongly, with great opportunities in the real estate market
Furthermore, according to data from the well-known overseas real estate portal Idealista, housing prices in Portugal in the first quarter of 2022 rose by 1.2% compared to the previous quarter. Not only did purchase prices rise, but rental prices also increased by 2.6%. In addition, according to Eurostat data, housing prices in Portugal rose by nearly 60% between 2010 and 2021.
The Golden Visa data for April 2022 released by the Portuguese Immigration and Borders Service (SEF) shows that 10,636 main applicants have been approved for the Portuguese Golden Visa, along with 17,614 dependent applicants. Portugal has attracted a total of 6.284 billion euros in investment through the Golden Residence Permit Program, of which 5.652 billion euros was invested directly into the real estate market. It is worth noting that since February 2022, U.S. applicants have ranked first in the number of applications for three consecutive months. This once again shows that not only Chinese investors, but an increasing number of global investors are showing strong interest in the Portuguese Golden Visa program.
All signs indicate that the Portuguese economy is recovering steadily and that Portugal is being favored by the capital market. For those interested in investing in Portugal, now is a good time to enter the market. Portugal has always been favored by high-net-worth individuals for its highly safe social environment, pure natural beauty, high-quality education system, sound social security system, and fast and convenient immigration policies. More and more immigrant investors are choosing Portugal for various reasons such as investment, vacation, retirement, and education.
Portuguese Golden Residence Program, a fast springboard to obtain an EU passport with a low threshold
Recently, the European Parliament approved a report urging EU member states to ban golden passport schemes by 2025. Currently, immigration policies in European countries are gradually tightening. Time and again, price hikes and closures tell us that immigration cannot afford to wait. One should act when the time is right; hesitation leads to the loss of not just money, but also irreplaceable opportunities! Since the closure of the Cyprus EU passport program and the significant increase in the investment amount for the Malta EU passport program, there are few programs left in the immigration market that can quickly obtain EU status, and the Portuguese Golden Residence Program is an excellent springboard to obtain an EU passport with a low threshold.
Currently, through the Portuguese Golden Residence Program, investors can purchase property starting from 280,000 euros to apply for Portuguese Golden Residence status for three generations of their family, enjoy Portugal's generous social welfare and high-quality educational resources, and travel freely through 26 Schengen countries. Furthermore, by meeting the corresponding conditions, children can participate in the Joint Entrance Exam for Overseas Chinese Students as overseas Chinese students, easily enroll in 985 and 211 universities with lower scores, and enjoy mainland higher education, which can be described as killing multiple birds with one stone! At the same time, after holding a Portuguese Golden Residence Permit visa for 5 years and meeting the low residency requirement of 7 days per year, one is eligible to apply for Portuguese citizenship, obtain a Portuguese EU passport, and enjoy the generous welfare benefits of EU citizens.
As one of the Top 500 Asian Brands and a group focusing on investment immigration for over 20 years, Worldway Group is one of the immigration agencies that promoted the Portuguese Golden Residence Visa program early in China in October 2012. In April 2013, it partnered with the Embassy of Portugal in China to hold the "Portuguese Golden Residence Program Launch Ceremony," introducing the Portuguese Golden Residence Program to China and helping many investors realize their dreams in Portugal. Worldway Group is your trusted choice for handling Portuguese immigration.
For more details on Portuguese property investment immigration, please call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798, or follow this official account and leave a message at the end of the article. Senior immigration consultants will provide you with professional answers.
Some materials in this article are from the internet, and the copyright belongs to the original author. If there are any copyright issues, please contact us for removal.
*Investment involves risks; the above information is for reference only.*