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.
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan