1, Data from the Portuguese Foreigners and Border Services Agency shows that in the first half of this year, the number of new immigrants in Portugal exceeded the total in 2021, with a total of approximately 133,000 new residence permits issued. Compared with the 111,311 copies in the whole year of 2021, the number of newly issued residence visas in the first six months of this year has increased by 22,000. Data from
2 and Portuguese Immigration Bureau (SEF) this year, the total investment raised through the Portuguese Golden Visa project was 399.7 million euros, an increase of 34.7% from 295.1 million euros in the same period last year.
3, According to data from the Portuguese National Bureau of Statistics (INE), nearly 3,000 of the more than 43,000 houses sold in the second quarter (6.4%) were purchased by people from outside Portugal. The Bureau of Statistics revealed that home deals with such buyer characteristics “continue to grow at a significantly higher rate.”
More and more people choose to immigrate to Portugal and buy real estate in Portugal.
Portugal has a warm climate, delicious food and high-quality service, and is a popular place for foreigners to relocate. In fact, more than 662,000 of its population are foreign-born, accounting for about 6.5% of the total population. Most foreigners live in major cities such as Lisbon and Porto .
Portugal rent hit a new high, with Lisbon reaching the highest rent increase in five years
1 Renting a house in Portugal is getting more and more expensive. In the capital Lisbon, the second quarter of 2022 saw a 4.9% increase in the second quarter of 2022 compared with the first three months, according to a study released this week by Confidencial Imobiliário, which conducted a real estate market analysis. According to the agency, this is the biggest increase since 2017. The survey showed that Porto's rental value rose by 3.7% during the same period.
According to data from the National Bureau of Statistics, nationwide, in the first half of this year alone, the rental price rose by 6.3% compared with the same period last year. This growth reflects rising inflation in the continent, which hit a record high on the month-on-month growth of the continent, driven by the Ukrainian war. In July, inflation in the eurozone reached 8.9%, while in Portugal was even higher, reaching 9.4%.
Prices and housing prices have risen, and the euro has fallen more and more Americans have chosen to move to Portugal
In recent years, the number of Americans who have moved to Portugal has increased sharply.
Faced with rising prices and housing prices and falling in the euro, more and more Americans choose to move to Europe, such as Portugal, Greece, and other EU countries have become the most popular destination for Americans to move to.
Questions of life, relatively low cost of living, and the integration of rural and urban environments have brought the number of U.S. citizens immigrating to Portugal to a record level. The relatively low real estate prices also attract a younger population than traditional retirees who have moved to Portugal in the past. With the rapid rise in U.S. housing prices, these young expats may have a hard time buying a home in the U.S., and they find that they can buy a larger home in Portugal at a much lower price than in the U.S.
More and more Australians choose to take advantage of the Portugal Golden Visa Program!
"With its warm climate, charming beaches, food and a leisurely lifestyle, Portugal is one of the most attractive countries for overseas investors who want to live, work or retire in the EU. Savvy investors realize that the market may get hotter and start investing now," concludes immigration experts.
In addition, compared with other regions around the world, the EU attaches more importance to climate governance and energy policies. Moreover, citizens of the 27 member states of the EU enjoy all benefits, including free medical care, free education (most EU countries), labor security, etc.
Under such a long-term and stable social environment and welfare system, coupled with a diverse culture, it naturally attracts many immigrants to import.
In addition to a stable political and social environment, clear and transparent tax rules, good infrastructure and a first-class educational and medical system, it also has a warm climate, a magnificent Atlantic coastline and charming inland, a strong historical and cultural heritage, delicious food and wine, and a relaxed lifestyle. Coupled with attractive tax benefits for foreigners and visa-free entry in 26 European countries in the Schengen region - Portugal has both high-quality living and relatively low cost of living. After living in Portugal for 5 years, investors can also apply for permanent residence and then apply for Portuguese citizenship.
In the context of the world's largest monetary stimulus policies ever adopted to deal with the epidemic, Portugal's real estate investment is a good choice for to hedge against inflation risks. Interested investors must seize the opportunity and take the last bus for European home purchase immigration!
