Golden visa program
Investing in Property in The City of Lisbon / Navigating a Growing
Market – The Portuguese Golden Visa Program
Whether one is only an aspiring or already a seasoned property investor, observing prices of property rising all around us can be quite discouraging for an investor with a specific budget in mind.Even though we can expect to see some cool down of the property market in the year of 2019, the prices of property are not really predicted to drop. They are only predicted to accelerate at a slower pace.At this point, many investors have probably exhausted all the typical routes for finding cheap apartments for sale in Lisbon, such as the auctions and chasing foreclosures. Any experienced property investor also knows how important it is to never sacrifice a good return on investment – the ROI – just so one can get their hands on the cheap apartments for sale in Lisbon.
As the city of Lisbon continues to grow in stature and the investors continue to arrive to the country of Portugal, there is one question that our team of expert property investment consultants at Property Lisbon is constantly asked – Is it still possible to find a good property investment deal in the city Centre of Lisbon; Does one need to look outside of the main city areas such as the Baixa area and the Chiado are of the city of Lisbon in order to find a good property investment opportunity, or is it still possible to enter the property market in the best areas that the historical city of Lisbon has to offer?
GREAT SOURCE OF PORTUGAL PROPERTY FOR SALE BY TYPE
The Portuguese Golden Visa Program
The huge numbers of French, Scandinavian, British, Italian, and German expats that have moved to the country of Portugal has also had a significant impact on the economy of the country of Portugal.
There is also the famous Portuguese Golden Visa program that is also regularly attracting high net worth individuals to the country of Portugal. In this case, the investments come from outside of Europe, mostly driven by the attraction to the Schengen Visa that is beckoning investors from all across the globe to the country of Portugal.
In the year of 2013 there were four hundred and seventy six Portuguese Golden Visa applications, followed by fifteen hundred and twenty three in the year of 2014. These figures were then eclipsed in the year o 2015 and the year of 2016 that have brought another two thousand and ninety three Portuguese Golden Visa applications along, giving a total spending on the Portuguese Golden Visa program by investors of over two point five billion Euros.
Out of the two point five billion Euros, more than two point three billion Euros has gone into the Portuguese property market in the four years between the 2013 and the 2016.
Once again, the Portuguese Golden Visa program has been a fantastic contributor to the Portuguese economy with each individual investor spending an average of six hundred twenty thousand Euros on the Portuguese property.