1. Property news:
According to the Price Index of the Historic Center of Lisbon, published by Confidencial Imobiliário, housing prices in the historic centre of Lisbon increased 2,9% in the first half of 2020 compared to the previous semester
“Portugal’s successful handling of the pandemic in comparison to their European neighbours has meant that they are among the first to ease restrictions. This, combined with strengthening demand and limited prime supply, will underpin Lisbon’s price growth, which is forecast to rebound by 5% in 2021,” said Oliver Banks from Knight Frank Asia Pacific.
2. Travel news:
As of August 24, Portugal is open to visitors from countries in the EU and the Schengen Area and Australia, Canada, China, South Korea, Georgia, Japan, Morocco, New Zealand, Rwanda, Thailand, Tunisia and Uruguay.
For international travelers looking to visit Portugal, or who have booked a trip that’s still under way, there is a new travel insurance program providing COVID-19-related coverage. Promoted by RNA Assistance Insurance, a Portuguese travel insurance company, this insurance program has also been endorsed by VisitPortugal, the country’s tourism board, to reinforce trust in Portugal as a tourist destination.
After five years of development and a $117 million investment, World of Wine (WOW), one of the largest tourism attractions to launch in Europe this year, which overlooks Porto and the Douro River, opened on July 31 in Vila Nova de Gaia, Portugal.
3. Portugal Golden visa
In July, 108 'golden' visas were granted, 98 of which through the acquisition of real estate (37 when buying properties for urban rehabilitation) and 10 through capital transfer.
The purchase of real estate in July totalled €50.3 million (urban rehabilitation amounted to €13.1 million) and the transfer of capital to €5.7 million.
Of the golden visas issued in July, 21 came from China, 12 from the United States, nine from Brazil, eight from Vietnam and seven from Lebanon.
Collected and summarized by BeInvestor.net
