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The official numbers from Confidencial Imobiliário have brought a “sigh of relief” for Portuguese estate agents, says the Expresso newspaper, with a 23% rise in house sales compared to April following the COVID-19 pandemic lockdown.
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Investment through the Golden Visa scheme almost tripled in May amid the COVID-19 crisis, the best month since March 2017, according to the latest figures.
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The Portuguese Association of Real Estate Developers and Investors (APPII) has launched a programme to relaunch Portugal’s property market. Measures include relaunching the Golden Visa scheme and the Non-Habitual Residency programme to attract foreign investment.
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Its “perfect living conditions” and “high level of security” have secured Portugal’s place as the third safest country in the world, according to the 2020 Global Peace Index.
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The decline of house prices caused by the COVID-19 pandemic (see here) could open the doors for opportunistic investors and help turn around the crisis, according to a Deloitte partner.
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