Portugal saw a record-breaking real estate investment of 3.35 billion euros (S$5.1 billion) in 2018.
As real estate values reach near-record levels in London, Berlin, Singapore and Tokyo, international investors have noticed that properties in Lisbon, Portugal are priced lower yet offer higher returns compared to those in the US, Far East and other European cities.
With this, JLL will hold a property seminar on why Portugal is the hot new investment opportunity for Singaporeans on 26 March.
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The property consultancy revealed that Portugal registered a record-breaking real estate investment of 3.35 billion euros (S$5.1 billion) in 2018.
“What’s more, it is generating return rates of 7.8 percent at 18 years and with less volatility than other investments, with Golden Visas representing 3.95 billion euros (S$6 billion) of investment between 2012 and the first half of 2018.”
JLL noted that this growth is backed by strong economic fundamentals.
For the past five years, the number of tourists that arrived in the national territory rose 44 percent, and in 2018 over 24,000 non-habitual residents arrived. Data also shows that 38,550 companies were established in 2017, more than twice the number that closed.
“Ranked 1st as the best Travel Destination in Europe in 2018, Portugal is the ideal country for those who wish to have luxury and leisure both just a few minutes away, and the conditions that allow them to live the best of both worlds: the personal and the professional,” said JLL.
“The increase in direct foreign investment shows that Portugal is now firmly on the radar of investors worldwide.”
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Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email email@example.com