Portuguese Golden Visa Tips
Portugal offers numerous advantages for property investors. The country has an excellent quality of life, delectable cuisine, pleasant people, and relatively affordable housing and living expenses among the major EU countries. As a general trend, property prices in Portugal have been rising steadily in recent years with 14% in 2021 alone. Portugal is also a great place to live, with its stunning scenery, mild climate, and vibrant culture. That makes it a great immigration destination – especially with a Portugal golden visa in hand.
The “Golden Visa” program is a way for foreigners to get a residence visa through investment. This program has been very popular among foreigners who want to travel and work in other European countries without having to worry about visas. Portugal’s Golden Visa program is considered the most investor-friendly because it offers a lower entry barrier compared to other EU countries.: The lowest investment amount is €280,000. And throughout the 5-year application process, applicants only have to stay in the country for seven days per year in the first year, then at least 14 days for every subsequent two-year period. Many consider this to be the most efficient route to European immigration. Among the investment programs, property investment has been a very popular option.
However, since the beginning of 2022, new Golden Visa rules have been put into effect, which has impacted investment decisions. The Portuguese government, in general, is encouraging investment in less-populated inland regions. As a result, residential property investment in many cosmopolitan seaside locales is no longer eligible for the program, including Lisbon, Porto, and the Algarve.
One common misconception from this change of rule is that property investments for all these prime coastal locations are no longer eligible for the new program. This is NOT true. In fact, commercial properties all over the country are still applicable. So, for all the investors that are interested in the Golden Visa program:
Tip 1: Seek high-growth potential commercial properties in coastal cosmopolitan such as prime locations in Lisbon, Porto, and Algarve, with better rental returns.The listing of commercial properties for these areas can also be found on our website by simply selecting the commercial venues in the Property Type drop-down menu.start searching now. property for sale portugal.
Another misconception is that residential properties for all coastal areas are no longer qualified for the program. Investors who wanted to retire by the beach in a foreign country were deterred by this misunderstanding, which became a dealbreaker. But again, this is NOT true. While the Portuguese government is encouraging investment in low-density interior areas, there are still options for low-density coastal regions:
Tip 2: Residential property in the Comporta region
The region is only about 80 minutes drive south of Lisbon facing the Atlantic Ocean with beautiful quiet beaches. So if you are looking for an immigration destination by the beach, Comporta is still applicable. The property investment threshold for this area is €280,000, which is the lowest investment amount for the Portuguese Golden Visa since the government wants to stimulate the market with the discount as an incentive. Other inland regions, on the other hand, are still considered undervalued not only for immigration but also for general investment.