JLL to hold Portugal property seminar in Singapore

Romesh Navaratnarajah22 Mar 2019

Portugal_Lisbon_houses

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.

Interested in buying overseas property? Read our guides.

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.”

Home buyers looking for Overseas Properties may like to visit our Listings and Guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

POST COMMENT

You may also like these articles

Chinese splash cash in Portugal

By Andrew Batt: Chinese property buyers and investors have been buying big in Portugal, with one agent reporting sales worth more than €25million in just two and a half months.Real estate agency

Continue Reading12 Jun 2013

Chinese grabbing Portugal property-for-residency visas

Official figures show that 78 percent of property-for-residency visas in Portugal have gone to Chinese nationals, but current interest may be even higher according to one top agent.A total of 318 visa

Continue Reading20 Nov 2013

Spain, Portugal attracts interest

Property investment opportunities from Spain and Portugal were attracting the attention of Singapore property buyers at a series of events which took place last week.More than 120 guests were treated

Continue Reading25 Feb 2014