The fall of the euro, a boon for investors

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The fall of the euro, a boon for investorsFor the first time in two decades, the US dollar and the euro reached parity in July 2022. The currency, shared by 19 European countries, has fallen more than 11% since the start of this year.

But the weakened euro is of great economic importance for businesses as well as individuals, especially those who earn and spend in US dollars or in currencies pegged to the dollar. In terms of real estate too, while some real estate values ​​have gone up, the cost in many areas has come down from where it was two years ago.

“June 2022 alone recorded the highest figures with more than 78 million euros of investments in the Portugal Golden Visa program, a first since 2020.”


Rise in numbers:

  1. More than 78 million euros of investments in Portugal Golden Visa in June.
  1. Real estate in Lisbon has been growing at a rate of 2.5% per year since 2016.
  1. Santa Maria da Feira has experienced annual growth of 12%.
  1. Demand for properties increased by 20% in Porto and Sintra.
  1. 83% of investors in Portugal foresee an increase in tenant demand for sustainable properties.

This certainly also makes it the best time to invest in a long-term residence permit in Europe. June 2022 alone recorded the highest figures with more than 78 million euros of investments in the Portugal Golden Visa program, a first since 2020.

Jeremy Savory, Founder and CEO of Savory & Partners – a leading global Residency and Citizenship by Investment (RCBI) company headquartered in Dubai, says: “If I can talk about the impact in the context of the RCBI industry, this is a great opportunity for those earning in dollar-pegged currencies.Right now, many investors are seeing everything turn red in terms of stocks, crypto, and stocks. Now is the time for people to invest in something that is already discounted, diversifies their currency, and with interest rates that don’t directly affect their investment.

Real estate boom

Savory points out that the Portuguese Golden Visa program is one of the best ways for investors to access this market. Adding, however, that time is of the essence here. Cyprus has closed its citizenship program and Montenegro’s citizenship program is expected to end by the end of the year, Turkey has raised its investment threshold and Greece is expected to follow suit.

“I think we have a few months before it comes into force. Portugal only changed their legislation nine months ago, so I don’t see them changing it again anytime soon. A higher threshold does not mean higher fees. This means that you end up buying more real estate and there is nothing wrong with buying more real estate.

The best places to invest in property in Portugal

As a long-term resident of Portugal itself, Savory says Portugal’s golden visa gives the investor the opportunity to be part of one of the most progressive real estate destinations in the world.

Three popular neighborhoods across Portugal that he says are the best for families to choose to buy a home are Melides, the municipality of Oeiras and Belem. “Melides, just next to Comporta, is becoming one of the most expensive prices per square metre, attracting ultra-wealthy Europeans and Americans,” he says, adding that you can invest in office space in Oeiras, get a Golden Visa, and you get very high quality tenants too.

A personal Savory favourite, Belem, with its beautiful parks, seaside restaurants and cultural sites is a favorite real estate investment.

Jeremy alongside his wife, Helena Savory, grew the family business with RCBI, and with just two of them at the start, Savory and Partners has now grown into a global company with over 60 industry experts. in the whole world.

Helena Savory, the company’s chief executive and mother of two young boys, says access to an exceptional education, high-quality healthcare, low cost of living, safety and its exceptional climate have made the Portugal a preferred option for her to obtain residency as a family and businesswoman.

“As an example, a coffee and the much-loved pastry, Pastel de Nata, would cost you no more than €1 (equivalent to 0.96 cents), which shows you the incredibly low cost of living in Portugal.” – Helene Sarriette

Helena adds that the education sector in Portugal is incredibly large. Its higher education system is ranked 35th best in the world. Public education is free and compulsory until the age of 18. She notes that the country occupies the sixth position in the ranking of countries with the highest percentage of female entrepreneurs, ahead of countries such as Spain, Italy or Ireland. “Women are navigating their way to the top of the business ladder, and investment migration can help them take their success to the global stage.”

Portugal is seeing increased interest for investors looking for property and recently the Green visa program was introduced through which investors can obtain the Portuguese passport with an investment in environmental projects.

Savory and Partners has a strong bilingual team in Lisbon and offices around the world to help investors find the best residency option for themselves. To learn more, visit www.SavoryandPartners.com.
Distributed by APO Group on behalf of Savory and Partners.

The fall of the euro, a boon for investors

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