La Vida Portugal Golden Visa

Portugal Property Prices Increase

Since the release of the Golden Visa programme in October 2012, the real estate market has shown significant signs of growth. According to a recent report published by Portugal’s National Institution of statistics, 2016 saw a house price rise of 7.6% in Q3 of 2016 compared to the previous year. There is no doubt that the influx of international investors in Portugal,  driven by the Golden visa scheme, has been a major contributing factor to these price increases.

During the period of July 2016 – September 2016 a total of 35,535 property transactions took place at a value of €3.6 billion! This was a 15.8% increase compared to the same period in the previous year.

Since the European recession back in 2012/2013, Portugal has seen a steady price increase trend, with an average rise of 4-5% per annum since Q1 of 2013. That’s nearly a 14% price increase overall to date.

Portugal’s Golden Visa programme has played a big part in boosting the overall economy for the country and there is no sign of the surge slowing down as the scheme remains a firm favourite with those looking for a flexible residency scheme in Europe. To read more on Portugal Golden Visa programme please see here.

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