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September 13, 2016
Construction back to give signs of recovery

The number of building permits grew by double digits in the second quarter, another sign of recovery in the construction sector.

4,200 buildings were licensed in Portugal in the second quarter, reflecting a growth of 12% over the same quarter last year.

This data revealed on Tuesday by the National Statistics Institute, joins other signs of recovery in the construction sector, after several years of sharp decline

Of the total number of building permits, 65.2% were new construction and of these, 69.8% went to family housing. INE points out that all regions recorded positive annual changes in building permits, especially for the Autonomous Region of Madeira (+ 60%) and the Lisbon Metropolitan Area (+ 46.4%).

The works licensed for new construction in Portugal grew 12.2% over the second quarter 2015, while the rehabilitation works grew 10.6%. Compared with the previous quarter, licensing for new construction increased by 9.7% and the rehabilitation works grew 6.8%.

Source: Jornal de Negocios (negocios.pt)

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September 10, 2016
Brazilians invest more than Chinese in Portuguese Real Estate

The Brazilian Portuguese investment in Real Estate grew in the second quarter of this year, surpassing the Chinese and placing it third among the countries that bought properties in Portugal, according to the association of Real Estate companies.

According to the estimates of the APEMIP (Association of Professionals and Real Estate Companies of Portugal) Research Office disclosed today, Brazilians surpassed the Chinese in the total number of properties acquired in Portugal and are now the third nationality that invest in Portuguese Real Estate.

Currently, the Brazilians have a representation of around 10%, an increase of 2% over the previous quarter.

First on the list of foreigners to invest in Portugal remain the French with 25%, followed by the British, with 19% and Brazilians with 10%.

As for Chinese investment, this fell to fifth place (13% in the first quarter to 7% in the second quarter), being overtaken not only by Brazilian investment, but also by the Swiss. The Swiss investment doubled (from 4% to 8%), the first to the second quarter.

According to Luís Lima, president of APEMIP, "only at the General Consulate of Portugal in São Paulo are assigned monthly about 800 new citizenship to Brazilians, who thus acquire dual nationality, which means that the Brazilian investment in Portugal should be even greater that counted in these statistics."

As a rule, Brazilians seeking to invest in Portugal are people over 50 years, high class and qualified multipliers and investors, "as always attract other investors to the country," he said.

In the second quarter of 2016, foreign investment accounts for a total of 23% of transactions, an increase of 3% over the previous quarter.

Lisbon, Oporto and the Algarve are still the most sought after areas by investors - Algarve meets the preferences of English, Lisbon and Porto are preferred by the French and Brazilians.

The fall of the Chinese investment is justified by Luis Lima with delays in granting and renewal of 'visas gold' or Golden Visas.

On the other hand, we are also watching to an increase on the investment from other countries of Portuguese official language, such as Angola and Mozambique.

The investment of Angolans rose from 1% to 3%, while Mozambicans went from 0% investment in the first quarter to 2% in the second.

Source: Jornal de Negocios (negocios.pt)

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