An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
In Portugal citizenship can be granted without the applicant having resided in the country. However the investor having acquired residency through the golden visa programme will need to demonstrate ties to the country and pass a basic language test. Citizenship of Portugal and a second passport conveys the right to live, work and study anywhere in the European Union.
True Memories has experience of many applications and projects for the €350,000 reduced initiative. Please contact us for details on our real estate investments.
The portuguese market, like many southern European countries, saw property prices decrease with the credit crisis. In 2015, prices were still 20% to 30% below their previous peak in 2007. Since then, prices have been rising, especially in Lisbon, and investors have had great returns lately.
Right now, investors who buy into the portuguese real estate market for the Golden Visa, have very positive forecasts for returns in the coming years. Buyers should know the difference between the different types of properties and cities or even neighborhoods, in order to make a prediction for the return on investment. Our team of experts can help with the best choice of property for you and guide you through the whole process of obtaining a Golden Visa through property investment in Portugal.
Recently, the Portuguese parliament passed a law to end the real estate Golden Visa Program for Lisbon and Porto metropolitan areas and other coastal areas in 2021. If you are interested in purchasing a property in Lisbon or any of these areas, this is your last chance, as the regulation will come into effect on the 1st of July 2021.
For more information regarding how to get the portuguese golden visa through property investment, please contact us team.