Portugal is becoming more and more a residency destination for foreigners. This information is confirmed by the Immigration Authorities with the Immigration and Asylum Report, published on 28th June 2019.
According to the report, the number of foreigners residing in Portugal continues to increase every year, with an increase of 13.9% in 2018, in relation to the previous year, which translates to an increase of 58,589 individuals in a total of 480,300.
The Government justifies this increase with the appealing factors that Portugal has. In fact, according to the Global Peace Index, Portugal is currently ranked 3rd as the safest in the world.
This position is justified by the increased investment of the country in policing activities and organization between the several different police forces, including the Immigration Authorities. On the whole, this immigration increase shows that Portugal is an appealing country due also to its growing economy.
The majority of the foreigners residing in Portugal, in a percentage of 81%, are part of the working population, between ages of 28 and 44 and 68.9% reside in the boroughs of Lisbon, Faro and Setúbal.
Brazilians continue to be the leading nationality of foreigners residing in Portugal but there is a significant increase of other nationalities, such as Italians and French, and also Bengali, Nepali, Indians and Venezuelans.
Furthermore, Portuguese Nationality Applications have also broken the record of the past five years, as more than 41,000 citizens have requested Portuguese Nationality in 2018 only. From those 41,000 applications, 32,414 had favourable decisions.
The acquisition of nationality based on residency is on the top applications, representing 70% of the same.
The issuance of new residency cards in 2018 has also suffered a significant increase of 51.7%, referring to 93,154 new Portuguese residents. In particular, regarding the Portuguese Golden Visa applications, the report refers that in 2018 more than 3,000 new applications were accepted, with an invested total amount of € 838,532,935.27.
Source: Edge International Lawyers
About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
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Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
Extremely helpful and professional. A pleasure to meet you!Li Sze Ki and Man Chi Ning from Hong Kong
Thank you very much for your help. I'm glad to have chosen Portugal Homes as my property management agent.Investor from Hong Kong
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