Slowly, the European countries are returning to normal after the coronavirus crisis. Portugal has been a clear example of good management and, in addition, it is one of the most attractive states to have a plan B, that is, an alternative, a residence permit, in times of crisis. In the next post we talk about the Algarve, an ideal coastal area to apply for the Golden Visa Portugal program.

According to a classification done by Forbes magazine, the Algarve is in the top 3 of the best areas in the world where to diversify heritage, invest and enjoy a very good quality of life for you and yours. The area of ​​Mazatlan in Mexico and Cayo in Belize accompany him on the podium.

As we have explained on previous occasions, Portugal is a very attractive country in the eyes of international investors and many see the country as an ideal alternative to start a new life. Having a plan B is a guarantee of freedom, tranquility and calm when things get complicated.

Why the Algarve?

If you do not know this area of ​​Portugal, you will fall in love quickly. Located in the south of the country, the region is known for its beautiful and spectacular beaches and golf courses. It is also located in an area with a temperate climate and is in one of the safest countries in the world. In addition, the area is very well connected with North Africa and the rest of European cities.

On the other hand, it has a good health system, a very interesting feature for those interested in obtaining a residence permit. In summary, we can say that all these characteristics make the Algarve a destination with a high quality of life and, also, very affordable, ideal for those looking for a place to retire or a second residence in a quiet area, but with all the services at hand.

How to get the Golden Visa Portugal?

The Golden Visa Portugal is a program that offers a residence permit in exchange for a minimum investment of € 280,000 in the real estate sector. There are other options to benefit from this program, but the quickest and easiest is the one mentioned above.

What can Orience International offer you?

If you are interested in the Golden Visa Portugal, at Orience International we have a unique and special project for you. It is an investment of € 280,000 in the Sierra de Monchique, an exclusive area of ​​the Algarve with a lot of charm. Remember that with the residence permit you can freely move around the Schengen area and get citizenship after five years.

At Orience International we advise you according to your characteristics and objectives, to find the best program for you and your family.

Contact us!

On other occasions we have talked about the attractions of Portugal in the eyes of international investors. As we have previously explained, the country offers many characteristics that make it a great opportunity for international investments in the real estate sector. In the next post, we tell you how you can get Portuguese citizenship.

How to get the Portuguese citizenship

From the outset, you should know that there are several ways to get Portuguese citizenship and one of them is through investment, and more specifically with the Golden Visa program. It is a program that offers residency, and later citizenship, in exchange for a minimum investment of € 280,000, with other investment possibilities both in the real estate sector and other types of operations.

Once the investment is made, keeping it in time, and after five years, you can apply for Portuguese citizenship to the country’s institutions. You must prove the investment, as well as the minimum stay of 7 days during the first year, and 14 days in the following four years. In addition, you must demonstrate knowledge of the Portuguese language.

Another option is the acquisition of Portuguese citizenship by right, that is, the one granted to a person who has lived in the country for five years. In the same way as in the investment residence, the interested person must prove the stay in the country for a minimum time, be of legal age, have a clean criminal record and a minimum knowledge of the Portuguese language.

Orience International, we are with you

What are your goals? How do you want to manage your assets? From Orience International we advise you on the investment program that best suits your needs and help you with other subsequent services that you may need.

Remember that, despite the state of alarm, we are 100% operational and continue working to offer you the best service. In addition, you do not need to travel or move from your country to request any management.

Contact us!

In recent years, Portugal has been ranked among the best countries to invest in real estate. Along with Greece and Spain, the Portugal offers endless opportunities for international investors. In the next post, we explain why it is a good time to invest in Portugal and all the information you need to know.

Portugal, and more specifically Porto, is an attractive alternative for investors, especially in luxury housing. The city is at the top of the rankings, competing with European capitals such as London or Vienna. According to the latest data, Porto is one of the cities that will best withstand the crisis caused by the coronavirus. For this reason, now is a good time to invest in Portugal.

Invest in Portugal, all advantages

As we have previously advanced, investing in Portugal is synonymous with success. With an excellent quality of life and, at the same time, affordable, Lisbon and Porto are the two great cosmopolitan cities that attract the largest number of investments. Likewise, the country presents very attractive prices, compared to large European cities, which make it the destination of many international investors and great fortunes.

Another element to take into account is that Porto, and Portugal as a whole, has done a very good management of the coronavirus crisis. Consequently, the real estate market has remained solid during this period.

Golden Visa Portugal, the best solution for you

If you are thinking of investing in Portugal, we have the best option for you. The Golden Visa Portugal program is one of the most attractive and accessible in Europe. With an investment of minimun € 280,000, the lowest amount in all of Europe, you can get Portuguese residence for you and your family (wife and children under 18). However, there are other investment options.

Another advantage of investing in Portugal is that you can move around all the countries of the Schengen area with complete freedom. In addition, there is only a minimum stay of 7 days the first year and 14 the second and third. After five years, you will be able to obtain Portuguese citizenship.

If you want to invest in Portugal, contact us. Depending on your situation and the objectives you have, we will recommend the residency program that best suits you and your family. If you are looking for a high quality of life, as well as quality services, invest in Portugal is a very good option.

Also, remember that you can invest and request the program that suits you best without leaving your country. Our team will manage everything so you don’t have to worry about a thing.

 

Barcelona is one of the most impressive cities in the world and, therefore, one of the most recommended for investment. The Catalan capital does not stop deafness, to grow, to evolve. Invest in Barcelona is the same as constant opportunities: new neighborhoods emerge and those that are already needed continue to transform. The opportunities increase, and the investor not only has more and more assets, but they are also very different which makes the operation even more interesting.

The real estate sector of the city of Barcelona is constantly expanding. The city is affected by one of the accounts with the best international economic promotion in the world. One of the best valued aspects of the Catalan capital is its efficiency in combining the use of technological intelligence and urban planning strategies. Its culture, the architecture it presents, the economic activity that takes place in it, the cultural diversity, etc. are also of great interest.

 Orience International by your side

If you want to invest in Barcelona, contact us. Depending on your situation and your objectives, we will advise you on which residence program is best to invest in order to achieve the objectives you have set: a high level of quality of life and social well-being, good weather, good health and education services.

Moreover, you can apply for any program without leaving home. Our team will carry out all the management so you don’t have to worry either leave your country.

 Neighborhoods to invest in Barcelona

The city of Barcelona has countless places that are worth discovering. In this post we will focus on four neighborhoods that have the ideal characteristics to invest in Barcelona.

Right Eixample:

 This neighborhood conquers due to its proximity to the city center and, in addition, it houses some of the most representative monuments of Barcelona: La Pedrera and Casa Batlló, among other architectural jewels. The modernist style that permeates the buildings is characterized by high ceilings, hydraulic mosaic floors and large windows that show the city and let in plenty of light into the homes. In this neighborhood you can find both small apartments of 50m2 up to more homes that exceed 500m2. On the other hand, it also highlights its wide range of services and public transport. Investing in Barcelona and, especially, in the Eixample neighborhood is betting on one of the most vibrant areas of the city.

Poblenou:

The Poblenou neighborhood has become one of the most popular areas of Barcelona. The true Poblenou, a beachside town within a city that retains highly demanded characteristics such as tranquility, but at the same time its proximity to the center of Barcelona. On the other hand, the urban renewal stands out: the icon is the Torre Glòries by Jean Nouvel, who designed it inspired by Gaudí’s funicular calculations, but next to it other notable examples appear such as the case of Media-Tic, a building by Enric Ruiz-Geli or the Melià Barcelona Sky hotel, a slender skyscraper designed by Dominique Perrault. Investing in Barcelona and specifically in Poblenou is synonymous with having a vision of the future.

 Sant Martí:

 The Sant Martí neighborhood is an industrial and business area that has hosted one of the most important startup centers in Europe, the 22 @. The neighborhood combines industrial buildings that have been chosen as the headquarters of newly created companies with large blocks of flats. The area is well connected to the city center with metro, bus and TRAM lines. On the other hand, it has a growing restaurant and leisure sector. The floors that we can find are varied: from medium-sized apartments to design lofts set up in old small factories or disused and restored commercial premises. It is an area of Barcelona perfect for investment given the possibilities of expansion.

Les Corts:

 Les Corts district offers the tranquility and elegance of the upper area, while retaining a popular, rural feel. Located to the west of the city, between the municipalities of Sants and Sarrià, it is a neighborhood full of squares and authentic and unique spaces where you can enjoy the tranquility, such as Comas square, where the monument of the countryman Pau Farinetes gives a clue about the neighborhood’s agricultural past. Investing in Barcelona and especially in Les Corts is based on observing the potential of this city space, which offers tranquility, but also exploits leisure on its streets and the possibility of moving to the center in a matter of just a few minutes.

 

Sofía Francés | Deputy General Director

 

 

The reports on real estate investment in Spain have just been published and during the first three months of the year and, according to the numbers, the Covid-19 has had no effect on the transaction figures in the first quarter and, before the declaration of the state of alarm, It has been a very good period.

If we go into more detail, we see that the estimated volume of tertiary investment, that is, retail, logistics and hotels, reached 1.900 million. According to specialists, the year started very well, but due to the coronavirus crisis, the activity has stopped.

If we focus on the real estate sector it is a very profitable alternative for investors and, if the Covid-19 crisis does not continue, the investment will reflect an improvement. In any case, the measures approved by the Spanish government, especially focused on small homeowners, may temporarily alienate large investors.

According to Oriol Molas, CEO of Orience International, these are the scenarios that can occur after the current crisis:

 

Real estate investment in Spain, the price of new housing rises

According to the latest figures, during the first three months of the year, the average price of new and used housing stood at € 1,383, 2.5% more than the same period of the previous year.

More specifically, Madrid registered an increase of 2.3% compared to the same quarter of the previous year. In contrast, Catalonia recorded a 1.6% drop in the average price of housing.

By autonomous community, Asturias (-2%), Castilla y León (-1.9% and Galicia (-1.4%) were the only three regions that presented lower prices in the first quarter than those of a year earlier.

On the other hand, the highest increases in the prices of new and used housing were recorded in Navarra (+ 12%), La Rioja (+ 6.7%), the Balearic Islands (+ 6.2%) and Cantabria (+5, 1%).

 

Information sources: Expansión and Cinco Días

Empresa Exterior, an online journal about Spain’s foreign business, has interviewed our CEO, Oriol Molas, with the aim of knowing how the coronavirus crisis is affecting foreign investment, especially within the real estate sector.

Likewise, Molas has explained the need to have a plan B in crisis situations and how Orience International is helping their clients.

Among the most important points of the interview are:

  • Investments that appeared to be underway have not been canceled
  • We keep in daily contact with our clients to help them at all times
  • In situations such as the current one, the need to have a plan B would, citizenship or residence in another country, is highlighted
  • With the Covid-19 crisis, the international investor with multiple residences and / or citizenships has been able to decide where to spend this time
  • The crisis will pass and those characteristics that made an attractive market last over time

Read the interview here!

According to numerous reports, sources close to the coalition government confirm that the possibility of suspension of rent is being studied for those people who have become vulnerable due to this economic crisis caused by the coronavirus pandemic, regardless of who their landlord is.  This means that all those who cannot afford to pay the rent for their houses due to the loss of their job, an ERTE or a reduction in working hours will be able to be accommodated. This measure will also include the self-employed and SMEs that are suffering a substantial drop in their income.

It is proposed to establish an extendable moratorium period of two months and compensation to owners. The suspension of the payment of home rentals will be extended to the payment of premises and offices in the case of self-employed persons and SMEs, who, as mentioned before, have a significant loss of income.

For lessors, gradual financial compensation would be offered, which could range from 100% of the amount in the case of a two-property owner, to just 5% for large holders or those with more than eight rented properties.

The initiative includes the duration of said suspension of the payment of the rent: during the next two months, extendable to the following month once the state of alarm ends. In addition, all those contracts that end during the validity of the alarm status may be automatically extended for three months.

It remains to be specified how the vulnerability situation can be proven, although it is intended to facilitate access through the presentation of documents or with a responsible statement. Another point from which the initiative starts is that abusive rent increases will be prevented in the six months following the implementation of this measure

Within the package of economic measures approved by the Government is included the moratorium on the payment of mortgages, but not that of rents, something criticized by unions and different associations. However, Nadia Calviño asks for one more week to study the measures on minimum income and rents. The economic vice presidency and the Ministry of Finance requested more time to study the proposals that were discussed at a meeting on Monday and design them avoiding “side effects.” Its objective, as these last departments transferred, is that the measures put in place are well designed to respond effectively to social needs and without generating other possible side effects.Aid for rent can also be used for housing, beyond the premises and offices of SMEs and the self-employed, but it will be necessary to distinguish between small owners and large holders of housing who, at a time like this, have to settle the shoulder so no one is left behind.

As reported on March 24 in the newspaper El Confidencial and regarding the creation of a minimum vital income, the Government intends to allocate it to those people who have not been able to avail themselves of the first package of social measures approved last Tuesday.  Therefore, it would not have a universal character and, moreover, its duration would be temporary, depending on the duration of the effects of the economic crisis as a consequence of the coronavirus pandemic. It would be, according to Executive sources, a form of minimum income “to protect those who have no income or have seen their incomes reduced.” This proposal is counting on allies of a transversal spectrum, which ranges from the third sector and social groups to the vice president of the ECB Luis de Guindos, who has defended a “minimum emergency income”.

Due to this situation, from Orience International, as advisers in legal, financial and strategic matters for international investors, we are available to all our clients and to all involved people who want to get advice, whether they are residents of Spain or have any investment in the country and consider it important and useful to have the help of a team of professionals in the Real Estate sector.

To do this, you can contact us via email sr@orienceinternational.com sending your questions or requesting more information about our professional advisory services.

Discover all the services of Orience Premium Club.

 

The capital of Catalonia is a major economic center in Spain, with a range of business opportunities, entrepreneurial culture and desire to thrive.  That’s why now it’s the best time for internationals investors to buy luxury real estate in Barcelona, one of the most beautiful cities of Europe.

During the past years, the real estate sector in Spain has recovered, reaching sales figures significantly higher than in 2017. This boom has happened because of the strong international investment in the Spanish real estate market caused due the advantages of the Golden Visa program. In fact, the real estate sector has reaffirmed its recovery in Spain with the luxury homes sales, that have risen by 27% last year.

With all of this, what was believed to fall quickly just four years ago, has now become a stabilization of prices that are gradually increasing. While the rise of shopping flats it’s not exaggerated, the revitalization of the sector and the bubble of rental prices, especially in Barcelona, make it more interesting to buy real estate as an investment.

Protagonism of Barcelona

Nowadays, there is a huge number of international investors that want to buy luxury real estate in Barcelona which means a sharp increase in the average selling price, that soared by 19% in the first half of 2018.

According to the data of the Ministry of Development, luxury real estate transactions (carried out for an amount of more than 900.000 euros) increased by 34% during 2017.

Favourable scenario 

The expansive situation in which the Spanish economy is right now comes with a lower unemployment and access to credit, which is starting to be provided a little more. Indeed, the number of unemployed decreased by 458,900 people in 2018, a decrease of unemployment by 10,79%. In fact, the unemployment rate was 16,4% in 2018 and 14,2% in 2019.

The areas where luxury home sales rose the most were the main Spanish cities, such as Barcelona and Madrid, and holiday destinations, which recorded an all-time record in the number of prime residential property transactions.

About the future

As for the evolution prospects for the luxury real estate market it is believed that will increase steadily in Spain, since it’s been going that way for the past six years. In this way, the expansion phase of the real estate sector, leaded until last year by large cities, is gradually giving way to medium-sized capitals on the premium market of coastal areas.

These are more focused on the second residence in which there is a growing interest in high-end housing so right now it’s definitely the best time to buy luxury real estate in the most touristic cities in Spain like Madrid, Barcelona or Valencia.

For Spain, Portugal and Andorra, the most sought-after areas for residential investors are currently the Costa del Sol, with the rebound of new construction in cities as Marbella, after several years of paralysis, the Costa Blanca, the Balearic Islands and the great capitals that we have been mentioning.  Precisely in Marbella, the number of luxury transactions has rebounded no less than 50% year-on-year.

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