According to SEF figures, the Golden Visa Portugal raised €553 million in August 2019. Since the program began in 2012, foreign investors have pumped €4.3 billion into it, obtaining Portuguese citizenship not only for them but also for their dependents.
Eurostat numbers (Official Institute of Statistics of the European Union) indicate that Portuguese property prices rose by 9.2% in the first quarter of the year, the biggest gain in the euro region and the sharpest increase in the EU after Hungary and the Czech Republic.
Portugal is the most competitive property market in Western Europe due to tax incentives for foreign buyers and the golden visa program, which promises Portuguese citizenship in exchange for a minimum investment of €500,000.
Portugal has gone through a great recession period between 2007-2009, but since 2010 it has seen an increase of housing prices. Despite that, prices of portuguese real estate remain one of the lowest amongst western European capitals, as we can see on the graphic below.
Portugal’s way out of the crisis was to attract foreign investment, and now “Lisbon has never been better in terms of the restoration of its buildings,” said Francisco Bethencourt. Thus the cobbled streets and hilltop palaces are being rebuilt, properties are being turned into new hotels, short-term rental apartments and retail stores. In this sense, Portuguese economy has seen a boost thanks to investment in real estate and tourism sector, which the country keeps beating record with.
About Portugal Homes
PortugalHomes.com specializes in investments through real estate and Golden Visa. 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 the 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. Portugal Homes provides 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.
To find out more, please contact us:
Phone: +351 213 471 603
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.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Very helpful. Work with his heart. Mark is a very nice advisor.Investor from Morocco
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE
Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.Roshana (Zulfiqar) Mian | Hong Kong