\nThe golden visa scheme\u00a0has\u00a0proven to be popular among Asian outbound investors<\/p>\n
While Thai buyers have no shortage of places to buy property, Century21 Siam Corporation is partnering with Portuguese developer Imocompletissmo to convince locals to invest in Portugal, local media outlets reported. The country\u2019s golden visa scheme\u00a0is one reason it has become an attractive destination for Asian investors.
The golden visa scheme\u00a0has\u00a0proven to be popular among Asian outbound investors While Thai buyers have...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-19428","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-53m","jetpack-related-posts":[{"id":120386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/portugal-golden-visa-hong-kong-buyers-likely-to-take-advantage-of-property-investment-extension-in-lisbon-porto\/","url_meta":{"origin":19428,"position":0},"title":"Portugal Golden Visa: Hong Kong buyers likely to take advantage of property investment extension in Lisbon, Porto","date":"February 15, 2021","format":false,"excerpt":"\r Portugal\u2019s decision to extend its fast track residency programme to include property investments in Lisbon and Porto by six months is expected to boost inquiries for homes from Hongkongers seeking permanent residency in the European country, say agents.On Friday, Portugal pushed forward the deadline to exclude investments in Lisbon\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/portugals-golden-visa-programme-swamped-by-inquiries-from-hongkongers-seeking-alternative-residence-and-a-safe-haven\/","url_meta":{"origin":19428,"position":1},"title":"Portugal\u2019s golden visa programme \u2018swamped\u2019 by inquiries from Hongkongers seeking alternative residence and a safe haven","date":"August 13, 2019","format":false,"excerpt":"\r Inquiries from Hongkongers about property in Portugal, the homeland of football superstar Cristiano Ronaldo, have seen an upswing in recent months as wealthy residents and investors clamour for an alternative residency amid escalating political tensions in the city, analysts said.\r\rSince its unveiling in 2012, Lisbon\u2019s golden visa scheme has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114065,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-resident-finds-portugal-visa-scheme-for-property-investors-is-anything-but-golden\/","url_meta":{"origin":19428,"position":2},"title":"Hong Kong resident finds Portugal visa scheme for property investors is anything but golden","date":"February 5, 2020","format":false,"excerpt":"\r Portugal has been widely touted as an ideal property investment destination for Hongkongers looking to escape the city's recent political unrest. But a long-time Hong Kong resident who moved to Lisbon recently said it was anything but ideal.\r\rJason Gillott, a UK businessman, who called settling in Portugal a \u201ctrauma\u201d,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123973,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/portugals-revamped-golden-visa-scheme-may-mean-higher-cash-requirements-for-hongkongers-mainland-chinese-to-invest\/","url_meta":{"origin":19428,"position":3},"title":"Portugal\u2019s revamped golden visa scheme may mean higher cash requirements for Hongkongers, mainland Chinese to invest","date":"December 26, 2021","format":false,"excerpt":"\r Investors from Hong Kong and mainland China seeking permanent residency in Portugal may soon have to consider buying commercial property there rather than a residence, under new rules set to take effect in the new year.Starting from January, house purchases in the capital city of Lisbon as well as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-us-city-is-seeing-an-influx-of-chinese-investment\/","url_meta":{"origin":19428,"position":4},"title":"This US city is seeing an influx of Chinese investment","date":"September 19, 2016","format":false,"excerpt":"\r Attractive price points are encouraging Chinese investment in one of the US\u2019s fastest growing cities Chinese buyers view Houston, the Texan capital, as a \u201cwonderful place to park their money,\u201d Cheri Fama, an agent with Houston-based agency John Dougherty Realtors told\u00a0CCTV America. \u201cThey\u2019re bringing their money out of China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-is-the-new-portugal-for-chinese-property-investors-lured-by-golden-visas-improving-infrastructure-agents-say\/","url_meta":{"origin":19428,"position":5},"title":"Dubai is the new Portugal for Chinese property investors, lured by golden visas, improving infrastructure, agents say","date":"May 26, 2024","format":false,"excerpt":"\r Dubai is shaping up to be a new favourite for buyers, thanks to a booming real estate market and fast-track residency scheme, agents say. It handed out 158,000 \u2018golden visas\u2019, dwarfing the 13,000 that Portugal has issued since 2012.\r \r Source : South China Morning Post\r Read more...Dubai is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/19428"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=19428"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/19428\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=19428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=19428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=19428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe programme gives non-EU citizens, their parents and children the right to live in Portugal as long as they meet certain investments criteria. These investments include the purchase of any type of property priced at EUR500,000 or above.
\n\u201cSince the programme started in 2012, it has drawn investment from newly wealthy Chinese who wanted to have a freehold property, seek an alternative investment overseas and send their children to study abroad,\u201d said Somsak Chutisilp, chief executive of Century21, in an interview with the Bangkok Post.
\n\u201cMany Chinese in the past two decades bought a property in the US or Canada to stay. In the past few years, they have bought a European property as an investment due to easy immigration and their children\u2019s studies.\u201d
\nMore: After the US, UK and Australia, where\u2019s next for Chinese buyers?
\nAccording to Somsak, nearly 70 percent of inward investment in Portuguese property was from the Chinese with British and north European citizens the next highest buyers. The latter focused on buying holiday properties in the country while Chinese investors took advantage of the residence permit program.
\nLast year, Century21 teamed with Imocompletissmo to help Thais looking to invest in Europe. Together they recently introduced the scheme to 40 Thai investors in Chiang Mai who were interested in property or business opportunities in Portugal.
\nImocompletissmo is an experienced developer with more than 1,000 properties in Portugal and Spain. This number includes condominiums, apartments and villas along with numerous types of retail projects.
\n\u201cOur target destinations are key provinces and we expect to have at least 10 customers by year-end,\u201d Somsak explained. \u201cThe Portuguese developer will use Thailand as an expansion base to Cambodia, Malaysia and Vietnam, where there are a lot of potential buyers.\u201d
\nThis article originally appeared on DDproperty.com on 6 July 2016.
\n
\nSource : property-report.com
\nRead more…Wanted: Southeast Asian property buyers in Portugal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"