Portugal Golden Visa Properties – What Real Estate Qualifies?

Digital nomads, entrepreneurs, investors, high-net-worth individuals… the list goes on and on when it comes to the type of applicants investing in the coveted Portugal Golden Visa scheme and acquiring a residence permit. While there are a number of eligible pathways to secure Portuguese residency, investing in Portugal Golden Visa properties is by far the most popular investment route to secure residence permits for yourself and your family members.

In this guide, learn about what it takes to buy Portugal Golden Visa properties with the ultimate question- what real estate qualifies?

Portugal Golden Visa: In Brief

Portugal’s high quality of life, gorgeous climate, and tax incentive schemes make seeking Portuguese residency in this exotic European nation worth it. The Portugal Golden Visa is an attractive residency by investment initiative that rewards investors with a temporary residence permit, in exchange for a qualifying investment in the country. With a Portuguese residence card, you can legally live, work and study in Portugal, with the option to become a permanent resident after five years, and Portuguese citizenship after six years.

Learn more about the Portugal Golden Visa in our Golden Visa Portugal Ultimate Guide.

Benefits of real estate investment

Think, a lifestyle upgrade, excellent weather, friendly people, and proximity to the coast. These are just some of the reasons why non-EU nationals are coming to Portugal in droves and snapping up properties here.

If that’s not enough to convince you, here are some extra benefits of opting for the real estate investment route:

  • Buy property worth €500K (or €400K if in a low-density area) and secure the golden visa
  • Acquire EU residency, with visa-free travel to all of Europe
  • Portuguese citizenship (EU citizenship essentially) is granted after six years
  • Invest in a dynamic real estate market
  • Potential to earn investment back with high return rates
  • Huge variety in property types to invest in across the country
  • Immediate family members are eligible for the Golden Visa

Property investment options under the golden visa

  • Buy property for sale in Portugal, via the Portuguese Golden Visa real estate investment route of €500K in Real Estate- (Reduced to €400K if located in a low-density area)
  • Portuguese Golden Visa €350K real estate investment in rehabilitation project (reduced to €280K if located in a low-density area)
  • Invest €350K in investment funds (real estate fund option possible)

IMPORTANT NOTICE: Come 1 January 2022, the Portugal Golden Visa program will significantly change. Namely, some golden visa investment options will be revoked or altered. Buying real estate anywhere in the country will no longer be possible for the Golden Visa holder, with key hotspot areas like Lisbon, Porto, and the coastal areas of the Algarve off-limits. 

While it’ll still be possible to make a property investment, these investments will be limited to Portugal’s interior, low-density areas. The good news is, there are no real estate investment restrictions for the Azores and Madeira islands. We cover the in-depth changes in our Portugal Golden Visa Changes article.

Where to buy property in Portugal to get a Golden Visa?

When it comes to buying property in Portugal, there is no shortage of real estate options for the golden visa holder. From luxury villas right on the darling coastline of the Atlantic Ocean to loft-style apartments in the heart of Porto, right down to purchasing plots of land that you can turn into your dream farmhouse… the options are boundless. But what properties qualify for acquiring the Portuguese residence permit? Below, we cover the options.

Portugal Golden Visa Properties: Prime locations 

Some of Portugal’s prime property locations for Portugal’s Golden Visa program include:

  • Lisbon
  • Porto
  • Sintra
  • Braga
  • Salgados
  • Faro
  • Lagos
  • Loule

Note, the list is quite long! What makes buying a property in Portugal for the Golden Visa so attractive is that you essentially a second home, or holiday home you can turn into a short term rental income opportunity, with the added flexibility to spend only seven days a year on average in Portugal to retain your residence permit. To top it off, your immediate family members are eligible to relocate with you. It’s a win-win situation for many real estate investors.

Portugal Golden Visa Properties: Low-density areas

Investors can opt to invest in real estate in need of urban rehabilitation and restoration starting from €350,000. The property in question must at least be more than thirty years old and undergoing renovation. Yet this isn’t the cheapest option.

The most economical investment route is to make a €280K investment in the urban rehabilitation of real estate in low-density areas. While the investment criteria are strict and the list of urban rehabilitation projects is limited, it can be extremely rewarding to rebuild an apartment building or flat and make it your own.

Some classified low-density areas include:

  • Aljezur
  • Douro Valley
  • Peneda Gerês
  • Bragança
  • Castelo Branco
  • Évora

IMPORTANT NOTICE: From 1 January 2022, it’ll only be possible to opt for this real estate investment route in mainland Portugal.

For more information, check out our Portugal Golden Visa low-density investment guide here.

Madeira Islands & The Azores

The Madeira and the Azores islands may be autonomous regions of Portugal, but they’re a sure-proof way to secure an excellent property investment deal. With thousands of tourists flocking to these Atlantic Ocean islands each year, the options are endless when it comes to buying a property here and converting it into a short-term rental investment opportunity. In addition, both islands have strong expat communities so if it’s relocation you’re after, you’re in good hands.

The good news is, the golden visa changes scheduled for 2022 will not affect real estate investment opportunities in Madeira and the Azores. Meaning, investors aren’t restricted in choosing a property of their liking, with property prices being cheaper than in mainland Portugal.

Golden Visa changes scheduled for 2022

The following changes to the Golden Visa Portugal real estate investment options will apply from 1 January 2022:

  • Properties in Lisbon, Porto, and other high-density coastal towns will NOT QUALIFY for any property investments under the Golden Visa scheme
  • Portugal Golden Visa low-density investment route will continue to qualify, starting from €280K (urban rehabilitation) and €400K (any property acquisition) in set areas in Portugal
  • For the continuation of this year, the current Portugal Golden Visa investment options will remain open and unchanged.

Since it takes about three months to secure your Portugal Golden Visa, we’d suggest you start your application process today if you’d like to take advantage of the current Portugal Golden Visa investment options.

Speak to a specialist today.

Time to invest in Portugal property is now

Did you know? Our real estate division, Goldcrest, has a 100% success rate in matching applicants with their dream homes and Portugal property investment opportunities for the Golden Visa scheme. As an independent buyers agent, Goldcrest solely works for the buyer, providing on-the-ground support in property scouting, property matching, and property securing.

Frequently asked questions about Portugal Golden Visa Properties

What Portugal Golden Visa properties can I buy?

Villas, houses, apartments, duplexes, land, entire buildings, or hotels, there are various property types on the market. You’ll be spoiled for choice.

Where in Portugal can I buy real estate for the Golden Visa?

 Until the end of this year, you can purchase property from anywhere in Portugal, as long as you meet the minimum investment amount of €500K, or €400K if located in a low-density area. From 2022, you’ll only be able to buy a property worth €400K in designated low-density areas or the Madeira and Azores islands, or €280K if in urban rehabilitation projects.

Why invest in property for the Portugal Golden Visa?

Aside from Portugal’s stable real estate market, the thriving tourism industry in Portugal means you can potentially acquire a good return rate on your investment if you let out your property. Buying a property is not just a good investment move, it is a lifestyle move, enabling you to own a dream home or holiday home in sunny Portugal. 

What are some of the benefits of the Portugal Golden Visa program?

Key benefits include acquiring permanent residency after five years and Portuguese citizenship after six years, affordable property prices, and a four-month golden visa timeline to Portuguese residency.