Since the Portugal introduced their golden visa program in 2012, the 2 main cities, Lisbon and Porto/Oporto have been attracting the bulk of the investment coming into the country.
Portugal’s golden visa program is one of the sought after program in the EU zone. Investor just needs to invest €500k into a property of their choice or €350K into a older property, making it one of the cheapest countries for the EU golden visas.
More than €5 billion of overseas funds has been invested into Portugal, mainly in Portugal’s real estate market. As a result, property prices has been increasing steadily. since the golden visa program started. Many investors are delighted with the investments and returns.
To obtain Portugal residency, most investors prefer the easy and manageable risk way of investing in properties.
The program has been and is currently still very popular. However, majority of the invested dollars are in selected areas, like in the bigger cities. To help cool down the hot property market in these big cities, the Portuguese government has proposed not to issue golden visas for any investments that are targeted towards the popular cities.
In announcing this proposal, the Portuguese government hopes to direct future investments into rural areas and the inner suburbs of the country.
For investors who are sitting on the fence, time is of essence. Before this proposal is implemented, please free feel to reach out to us. We can help you obtain Portuguese residency quickly.