Portugal Real Estate Market Sees A Hike in Foreign Investment

09 Aug 2019

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    Portugal is known as the world’s best country in Europe for foreigners to live in and the top 20 country with the best quality of life. Lisbon and Porto, the main cities in Portugal, has seen a big boom in foreign investment. International corporations such as shared service centres of Adidas, Siemens, Bosch and Linde;  insurance service centre of BNP Paribas Cardif; IT centres of IBM and research and technology centre of Microsoft, to name a few have set up their operations in this region.

    Other multinational corporations which are joining the bandwagon include Alphabet Inc’s Google and online shopping giant Amazon. The move would mean the creation of 500 tech jobs for highly- skilled Portuguese workers. Porto is now the seventh city in EMEA region in the growth of high-tech clusters, with 1,772 companies established in 2016 which represents a 32% growth versus in year 2012.

     

    Featured Projects

     

    Casal Ribeiro

     

    Casal Ribeiro housing complex possesses architecture from the late 19th or 20th century. This rehabilitation project is a unique building composed of four concepts full of personality: action, collection, selection and view. Located next to Saldanha, this development comprised of 69 apartments with exterior areas and parking. Nearby attractions include the Dr Anastácio Gonçalves House Museum, spectacular Versailles pastries, magnificent Bullring and two shopping centers: Atrium Saldanha and the Monumental.

     

    Alvares Cabral 372

     

    Alvares Cabral 372 is an authentic historical neighbourhood unlike any other in the city. The development area features a large avenue of estate houses and surrounded by interesting alleyways leading to a collection of Porto’s most interesting cafés, restaurants, wine bars, and vintage shops. A place for professionals, tourists and creatives alike, Alvares Cabral 372 is a collection of 8 carefully designed apartments and a garden Annex, surrounded by the city’s most promising streets and centrally stationed to the Trindade transportation hub. The development is located at the corner of Praca Da Republica and Alvares Cabral.

     

    If you would like to know more about golden visa and investment opportunities in Portugal, contact JLL International Residential directly at +603 2260 0700 or wong.christine@ap.jll.com

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