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Portugal’s Property Outlook

Portugal’s Golden Visa Program
  Since the global financial crisis of 2012, Portugal’s property market has been on the uptrend.  According to the Global Property Guide, property prices rose by 6% in 2018. Portugal’s property prices rose in 23 of the 24 counties and Porto recorded the highest increase of 15% followed by Amadora at 14%.   In spite of this, Portuguese properties are still very affordable compared to other countries. The average price is about € 1500 per m2. Not surprising, the famous seaside town of Algarve and Lisbon( the capital of Portugal) commands premier prices. 178,691 properties were sold in 2018 which is 16.6% higher than in 2017.   Industry experts are predicting that the real estate boom will continue over the next years. There maybe a few reasons for the increasing rents and property prices.  
  • More EU investors are flocking to Portugal;
  • Portugal Golden Visa program are bringing in investors;
  • Portugal’s Non-Habitual Resident scheme attracts high net worth individuals to invest in Portugal;
  • Since the Global Financial crisis, more Portuguese are returning to Portugal.
  For investors that is good news. What better than obtaining a residency visa, watching your invest grow and enjoying all the wonderful things Portugal has to offer, all at the same time!
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