Portugal’s Pandemic Proof Property Investment Hotspots For Citizenship Via Investment

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Portugal’s Pandemic Proof Property Investment Hotspots For Citizenship Via Investment
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Research by Astons, the international experts on real estate, residency and citizenship through investment, has taken a look at Portugal’s property market and how it has fared during the pandemic as it remains a popular choice for citizenship and residency investment.

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Portugal's Property Prices Have Climbed 3.7%

Since the first reported case of Covid in March 2020, property prices across Portugal have climbed 3.7%, although this rate of growth is far higher in some pockets of the Portuguese market.

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In Villa Real, real estate values are up 11.8%, with Aveiro (9.1%), Coimbra (7.7%), Viseu (7.6%) and Braga (4.1%) also enjoying above-average growth.

Évora has been the worst-performing area of the market, with real estate values falling -3.8% during the pandemic, although Guarda has also seen a drop of -2%. Portalegre and Castelo Branco have also seen a marginal decline at -0.2% and -0.1% respectively.

Portugal has become popular amongst many investors due to the lifestyle offering that appeals to those with families in particular. The Portuguese property market has become a particularly popular method of investment for achieving this lifestyle as it offers the opportunity to invest in residential or commercial real estate from €500,000, or €350,000 if the property is over 30 years old and requires renovation. There is also a reduced rate of 20% available in low GDP or sparsely populated areas.

The Best Chance Of Securing A Real Estate Investment Opportunity

Astons also dissected the Portuguese property market data based on stock availability to find where offered the best chance of securing a real estate investment opportunity.

The figures show that 36.1% of all homes currently listed for sale in Portugal fell at or beneath the €350,000 threshold. Lisbon was home to the highest availability of property stock at this price threshold at 58%, with Faro (52.5%) and Setúbal (33%) also ranking high.

Just 20.9% of all homes listed for sale in Portugal currently qualify for the €500,000 investment threshold. Again, Lisbon is home to the highest proportion of property stock with 39.4% of all homes listed for sale qualifying at this price threshold, with Faro again ranking high (32.3%). However, it’s Évora that completes the top three (18.4%) where €500,000 property availability is concerned.

Residency Via Real Estate Investment

Managing Director of Astons, Arthur Sarkisian, commented:

“Citizenship or residency via real estate investment is becoming increasingly popular as it provides a tangible asset that can be used to lay strong foundations in your nation of choice, or as an investment vehicle to generate further income.

With the pandemic causing a lifestyle shift amongst many investors, we’ve seen the Portuguese real estate market become a particular area of focus in recent months due to the lifestyle offering, the convenient geographical location within Europe and the relatively low cost when investing.

Of course, some areas will present a better level of capital appreciation on your investment, while others offer a greater abundance of suitable investment opportunities and so it's important to research the market thoroughly based on your individual needs.”

Portuguese real estate market data sourced from Idealista

Portugal districts - price residential sales (EUR per sq m)

District Q2 2020 Q4 2020 Change
Vila Real € 771 € 862 11.8%
Aveiro € 1,150 € 1,255 9.1%
Coimbra € 1,128 € 1,215 7.7%
Viseu € 821 € 883 7.6%
Braga € 1,034 € 1,076 4.1%
Santarém € 770 € 796 3.4%
Porto € 2,073 € 2,140 3.2%
Faro € 2,295 € 2,368 3.2%
Setúbal € 1,642 € 1,690 2.9%
Beja € 764 € 777 1.7%
Viana do Castelo € 1,015 € 1,032 1.7%
Bragança € 751 € 761 1.3%
Leiria € 1,124 € 1,137 1.2%
Lisbon € 3,317 € 3,346 0.9%
Castelo Branco € 696 € 695 -0.1%
Portalegre € 645 € 644 -0.2%
Guarda € 641 € 628 -2.0%
Évora € 919 € 884 -3.8%
Portugal € 2,070 € 2,147 3.7%

 

District Total property stock Property stock from 350,000 EUR % of total stock Property stock from 500,000 EUR % of total stock
Lisbon 44,894 26,047 58.0% 17,691 39.4%
Faro 29,837 15,669 52.5% 9,644 32.3%
Évora 1,918 498 26.0% 352 18.4%
Porto 35,892 11,355 31.6% 5,592 15.6%
Setúbal 16,223 5,349 33.0% 2,229 13.7%
Beja 1,737 301 17.3% 190 10.9%
Leiria 7,293 1,447 19.8% 625 8.6%
Portalegre 1,585 203 12.8% 121 7.6%
Viana do Castelo 4,601 795 17.3% 339 7.4%
Braga 10,129 1,631 16.1% 672 6.6%
Santarém 6,090 752 12.3% 388 6.4%
Vila Real 1,306 145 11.1% 75 5.7%
Aveiro 9,604 1,618 16.8% 490 5.1%
Bragança 771 76 9.9% 37 4.8%
Viseu 3,475 345 9.9% 151 4.3%
Coimbra 7,325 931 12.7% 265 3.6%
Castelo Branco 2,707 151 5.6% 77 2.8%
Guarda 1,033 63 6.1% 28 2.7%

  • Astons are leading international real estate experts on residency and citizenship through investment offering bespoke residence and citizenship solutions in the UK, EU and Caribbean through property investment.
  • Astons have over 30 years of experience assisting individuals to successfully relocate their lives, lifestyles and companies through the complex world of global immigration law
  • Astons offer everything from residency and citizenship, UK visas and immigration, legal support and guidance on worldwide property investment.

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