Did you know that if you invest in real estate in Portugal, you could earn big returns on your investment and apply for the second nationality?
The Portugal Golden Visa program is one of the most popular residency programs in the world that will allow you to work, travel and study freely in Portugal and Europe. By investing in real estate, you have the possibility of becoming a permanent resident or a Portuguese citizen within five years.
If you are looking to relocate to a country where you can enjoy everything from the ocean to the best beaches, the weather, the people, the lifestyle choices, the food and the luxury of living in one 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 and sought after destination by savvy investors.
The rules of the program are expected to change in January 2022, with less than three months to seize this opportunity, you may be wondering if you still have time before the new rules take effect.
The good news is YES, but you will need to act quickly as the end of the year approaches
Two major changes will be implemented in January 2022:
- You will not be eligible for the Golden Visa if you buy property in Lisbon or Porto. Along the coast you will still be qualified in low density areas or tourist developments. To avoid missing out on your ideal property, it is best to move forward before the changes take effect.
- The minimum investment amount will be € 350,000 for renovation properties over 30 years old in high density areas within tourist developments. For new properties less than 30 years old, the threshold amount is currently € 500,000 but is expected to increase in 2022
If the past few years have taught us anything, it’s about living life the best possible way and taking advantage of golden opportunities where you can.
What is the next step ?
If you think this is an option for you, contact us and chat with an expert who will guide you from the start. With Ideal Homes Portugal you are in good hands as they will be there to guide you from start to finish of your trip.
You can contact the Ideal Homes Portugal team at [email protected] or call them on +351 289 513 434.