Did you know if you invest in Portugal property, you could earn big returns on your investment and apply for second citizenship?
Portugal’s Golden Visa program is one of the most popular residence schemes in the world which will allow you to work, travel and study freely in Portugal and Europe. By investing in real estate you have the opportunity to become a permanent resident or a citizen in Portugal in five years.
If you’re looking to move to a country where you can enjoy everything from the ocean, to the best beaches, the weather, the people, the lifestyle choices, food and the luxury of living in one of the safest countries in the world, then Portugal is the place to be. These are just a few of the reasons why it is a very attractive destination and one savvy investors are looking at.
The rules of the program are set to change in January 2022, with less than three months left to grab this opportunity you may be asking if you still have time before the new rules take place.
The good news is YES, but you will need to act soon as we approach the end of the year
Two major changes will be implemented in January, 2022:
- You will not qualify for the Golden Visa if you buy property in Lisbon or Porto. Along the coast you will still qualify in the low density areas or touristic developments. In order to avoid missing out on your ideal property it’s better to go ahead before the changes are effective
- The minimum investment amount will be €350,000 for renovation properties over 30 years old in high density areas within touristic developments. For new properties less than 30 years old, the threshold amount is currently 500,000€ but is predicted to increase in 2022
If the last few years have taught us anything, it’s that you need to live life in the best way possible and take advantage of golden opportunities where you can.
What’s the next step?
Ideal Homes Portugal has a large real estate portfolio and offers mortgage advisory services to potential buyers of properties in Portugal.If you think the Golden Visa is an option for you then get in touch and chat to an expert who will guide you from the start.