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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.

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.

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.

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.

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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