30 November 2021 Update: Certain real estate investment options for the Portugal Golden Visa Program have been revoked or altered by Portuguese law. For more information, consult our Portugal Golden Visa changes guide here.
Golf, surf, hiking, gastronomy, and the dazzling Atlantic Ocean; these are just some factors that convince expats to start new lives in Portugal. And when it comes to Golden Visa Portugal real estate, it’s an extremely attractive way to move to Portugal. In exchange for a qualifying real estate investment in the nation, expats can obtain legal residency in Portugal, with a pathway to permanent residency and even citizenship possible. We take a look at why investing in Portugal real estate for the Golden Visa is a perfect opportunity.
Portugal Golden Visa Investment Options From 2022
- Applicants can only buy residential real estate in designated interior areas of Portugal worth at least €500,000 or €350,000 if investing in a rehabilitation project. If the residential property is located in a designated ‘low-density’ area, then a 20% discount applies.
- Investors can purchase commercial real estate anywhere in the country worth at least €500,000 or €350,000 if investing in a commercial rehabilitation project. If the commercial property is located in a designated ‘low-density’ area, then a 20% discount applies.
- Investors can buy residential and commercial real estate anywhere in Portugal’s autonomous islands of Madeira and Azores, worth at least €500,000 or €350,000 if investing in a rehabilitation project.
Why invest in the Golden Visa Portugal Real Estate route?
In recent years, Portugal has become a preferred market for real estate investors, and it’s easy to understand why. Not only is Portugal a safe and stable country to live in, but its high living standards, affordable property prices, and tax haven status are big draws for investors. Not to mention, its perpetual sun and cheap living costs mean owning a second home in Portugal is a dream come true for thousands of expats.
When it comes to seeking the Portugal Golden Visa, the real estate route is the most sought-after way to acquire legal residency in the country. Since the program’s inception in 2012, Portugal golden visa statistics point to €5 129 892 695,77 being attributed to a real estate investment. That’s a staggering figure, and we get why.
Note: a rising number of applicants are going for the fund investment Portugal route, given that the changes to the Portugal Golden Visa will kick in in 2022, significantly changing real estate investment options.
