New residents sextuple impact of real estate investment

For every euro invested in the purchase of a home by a new foreign resident, the impact on the Portuguese economy five years later will be around €7. This is the conclusion of a study by the Portuguese Association of Resorts (APR), which is based on data from the National Statistics Institute (INE), Eurostat, and the OECD and includes the direct, indirect, and induced impacts on the economy of buying a property. The data is for 2019, the year in which there is a comparable base for all sources.
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