According to data from the European Commission, Portugal’s economy grew by 2.2% in 2018 and is expected to grow by 1.8% this year and by 1.7% in 2020
Driven by economic growth and immigration policies, house prices in Portugal have continued to rise. According to local data, the total number of housing transactions in Portugal in 2016 increased by 16.6% compared with the same period in 2017, reaching 178,691 units. As of the first quarter of 2019, the number of approved residential permits in Portugal increased by nearly 28% year-on-year to 5,887 units, and in 2008 the year-on-year growth was about 40%.
The market expects Portugal’s real estate market to remain active this year, and Moody’s Investors Service expects that by 2020, house prices will rise by 7 to 8%
On the other hand, the market expects Lisbon’s return on rental income to be as high as 5.45%.
Millennium House sells only 4.33 million
According to the foreign network, a one-bedroom unit facing the Tagus River in Lisbon covers an area of about 732 baht and costs about HK$2.58 million.
Another unit at Songya Resort is only HK$4.33 million and covers an area of approximately 1,076 baht. It is equipped with new premium spas and numerous leisure facilities such as fitness centres, tennis courts and golf courses.