In Portugal, Lisbon and its Algarve region in the south are listed in the most popular region for Chinese buyer. The properties were selling in Lisbon are new and second hand townhouses and most of them are new ones; those most expensive houses are located in the suburb of Lisbon named Cass Keith district and most of them are new villa. Algarve region is a coastal holiday destination located in southern Portugal, some resorts are “timeshare” management apartment facilitate with home appliances and offer property management service, they are selling with lease and promising a return of 5% per year.
For those investor who wants to rent the houses they buy and immigrate to that country should focus on the houses with a lower total price, as they are easy to rent out, basically a return on rent of 4% can be guaranteed. And there is no limit for the number of the houses you can purchase as per “Golden Residence Permit”
Demand 1: “Combined style” investment, the price is enough for immigration and you can get rent
Recommendation: Small apartment or big compound in the upper town district “casino”, if you want to rent your apartment, you’d better find some small apartment.
In Lisbon, some small compounds are quite popular, for Chinese, buy a new apartment in a compound with property management can save your time and avoid your agency to increase the rent.
CASAS DO PARQUE is located at Alta de Lisboa, it is a large compound with 65,000 residential units jointly developed by Lisbon government and SGAL-the subsidiary of Macau Entertainment Holding Company Limited, it started to plan since 1984. The apartment is facilitated with high-tech home intelligent security system with one button controlled smart phone, furniture and home appliances are high end European brand Grohe and Bosch.
The apartment layout is square; an apartment with an area from 127 square meter to 220 square meter with 2-4 rooms is sold at a price of EUR500, 000 which can fulfill the requirement of immigration plan.
Demand 2: Eligible for investor want to save time and enjoy more
Recommendation: Resort apartment with a stable rent
Resort in the south: a return rent of 5%
The coastal holiday destination Algarve region is located at the south of Lisbon with two and a half hours driving distance, it is famous for the sunshine beach and lots of tourists from European countries are spending their holidays here during Summer, the businesses of the resort can be last for half a year. Pine Cliffs has become a hot place for Chinese to buy house recently.
You may notice that it is just a holiday resort and there are not many permanent clients, but, maybe because it is wholly managed by Star woods, and the developer is a listing company in Portugal, the whole district is presenting a very comfortable ambience just as a five star hotel. The CEO of the project said, the house price in Portugal are decreasing after the financial crisis, but Pine Cliffs kept a 7.5% rise on its price since 2008. Although this figure is just a small case for those Chinese buyers from first tier cities, the slightly increase has represented the stability of its price. And it did attract many buyers from mainland.
The apartment promoted by the developer are sold with return on rent, rooms are facilitated with furniture, home appliance and refined decoration. The advantage of the project is you can get your return by rent, the developer offers a return of 5% by rent within five years, free management fee during these five years and a seven day accommodation is provided to the owner.
When you walk into the model rooms, it make you feel like walk into a five star hotel, from home appliance to towel, even the set knives in the kitchen are fully equipped as a five star standard, just bring your clothes for the next day and you can live there, cooking is available here.
Apartment with three rooms are most attractive to the buyer of “Golden residence permit” as introduced, the price is two times of the basic requirement and it can fulfill the immigration dream of two families.
Villa in the suburb of Lisbon: Best choice for our deluxe client
In the deluxe district located at the suburb of Lisbon: Cass Keith, similar resort kind of property like Pine Cliffs are a lot and also appealed to the buyer from mainland. Our report visited a villa with a private park bought by a deluxe from Xian covering an area of more than 2000 square meter, there are two floors above the land and one floor underneath, a basement ball room, videos and other entertainment facilities, kitchen facilities are 80% new and even the handrail are brand new.
The villas in Cass Keith are popular to the buyers from mainland, it is only 15-minute-drive from Lisbon, some townhouses used for a few years are sold in a favorable price, there are more than 30 Chinese buyers has bought property here since April this year.
Recommendation: Houses of small and medium size near the schools and world expo district
The price of the houses in Portugal is kept rising. Most of the trading is happened in Lisbon and it accounts for 70% of the total market volume, as well as the Algarve region from the south. Our data showed that in a few months after the immigration policy was released, the housing price of Lisbon has raised 10%. For the buyer who will live in the property they bought, houses with a good surrounding and fully facilitated will be recommended. Such as the houses near the school in Benifica, world expo district, houses near the embassy, big compound in the upper town district.
For meanwhile, the houses in the world expo district are calculated with the actual area, not the constructional area as our normal practice. In Lisbon no matter new or second hand houses are sold with refined decoration, even those housed lived for decades or one hundred year, when they are sold, most of them are still new and clean just like it is newly decorated, and most of them are equipped with kitchen ware, home appliances, and storage room, the buyer can bright their luggage and live there.
The differences for the houses in the world expo district and Benifica are: the design of architecture is modern and simply with more stories, most of them are modern architectures with 7-10 floors, some of them are more than ten flows with glass curtain wall, instead of European villas of 3 to 5 floors.
