The Increase of Value of the Portuguese Property and the Golden Visa
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The Increase of Value of the Portuguese Property and the Golden Visa
The Portuguese property market remains in a very strong position relative to all other global property markets, according to the latest RICS property price index report for August 2017.
The report demonstrates many different factors that contribute to Portuguese property market being as lucrative as it is in the current global market environment. Among many other promising news, the predicted five percent increase in the house prices in Portugal, per annum over the following five year period, is one of the major ones. This forecast-ed increase is especially encouraging for Golden Visa investors.
The Portuguese property figures for August have risen across the board not only for house price increases, but also for new sales inquiries compared to the previous report, published for June 2017. The sales expectations have also risen for the following three months.
With August becoming, once again, one of the busiest months for our company with new property investors buying in Portugal, we can safely say that these predictions and reports align with Property Lisbon’s personal forecasts.
Prices in Portugal continue to rise in order to meet the high demand for property that currently exists in our country as a result of the currently prevalent undersupply. This is especially the case in our capitol, Lisbon.
The lettings market has not gone unaffected by these trends. As tenant inquiries continue to steadily rise, so do rents. The rental growth is predicted to continue for the following three month period.
For prospective landlords that are seeking to invest for rental return, this is especially good news.
Meanwhile, unemployment rates in Portugal have dropped to only nine-point-four percent in other areas. Since the recession that took place in 2008, this is the lowest unemployment rate Portugal has experienced. This should serve as yet another clear example of how well the Portuguese national economy is currently performing.
In spite of the current shortage of property on the Lisbon market, and the Portuguese market in general, Property Lisbon still has to offer an excellent choice of properties and a vast selection of options for property investment in Lisbon, Portugal.
Our company has the ability to assist both prospective and experienced investors with the process of purchasing a property in Lisbon, as well as with he legal process of obtaining the Poruguese Golden Visa. For more information on these topics, please contact us at PropertyLisbon.com
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