International Buyers see Golden Visa Gains

April 15th, 2016   •   Comments Off on International Buyers see Golden Visa Gains   
View of Avenida de Liberdade

Avenida de Liberdade, Lisbon.

International investors who moved early for the golden visa in Portugal are now looking at real estate gains of over 10%. Those who bought early in the programme in 2012 will have seen average price rises of 10.2% in the last 3 years according to house price data released by the government.

While this no doubt is great news for our existing investors, those still considering Portugal for the residency visa offered through real estate investment are advised to act quickly.

Prices in Portugal and the capital Lisbon are not just rising but accelerating. The average rise in property prices over the last 3 years has been 3.4%. However prices in the last 12 months have risen 5.1% and are expected to at least continue this trend in the coming year.

That means anyone considering a property purchase is likely to pay at least €25,000 more for their investment in a year’s time if they invest at the minimum requirement of €500,000.

The trend in prices is backed up by our own practical experience as real estate agents. We are seeing rising construction in prime areas such as Chiado and Avenida de Liberdade in central Lisbon. Developers however are starting to hold back on releasing projects, preferring to complete developments before marketing them, safe in the knowledge that prices are likely to be higher.

The demand at €500,000 and above is fueling faster price growth for prime residential property. Over 2,000 international investors each year are entering Portugal for residential real estate on the back of the golden visa programme.

La Vida has seen strong demand for recent projects in Lisbon.  Centrally located close to Avenida de Liberdade we have a brand new renovation of 90 apartments that have just been released off plan offering arguably one of the best real estate investments in Lisbon currently. Contact for brochure. Likewise in the prestigious area of  Chiado where we have a development of 37 apartments with views over the city and Targus river.

Outside the capital we have a new resort development in Cascais, 30 minutes from the city, released April 2016. This is built to the same quality and standards as the luxury development we offer on the Algarve which has proven popular with investors attracted to its 5% rental guarantee.

For advice and further information on our projects please call or email our real estate consultants or complete your details here.

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