Unio das freguesias de Belazaima do Cho, Castanheiro do Vouga e Agado Alandroal From luxury villas right on the darling coastline of the Atlantic Ocean in Sagres to spacious country houses in the Alentejo, right down to purchasing plots of land that you can turn into your dream farmhouse in the north of the country, the options are boundless. 73. 42. 70. 25. Golden Visa Through Hotel Investment. Invest in a residential rehabilitation project located in a low-density area of the country that is also classified as an interior region. , there is plenty of real estate options for investors interested in the real estate route. Top Articles . Complete the form below to receive your info pack. Calheiros It was in this context that the measure of apparently ending the Portugal Golden Visa program was grafted. Potential to earn the investment back with high return rates, Huge variety of property types to invest in across the country, Immediate family members are eligible for the Golden Visa. Gemieira If the residential property is located in a designated low-density area, a 20 percent discount applies (amounting to 400,000 and 280k respectively). In this guide, learn about what it takes to buy Portugal Golden Visa properties with the ultimate question- what real estate qualifies? Although other methods are available (see FAQ below) the real estate route accounts for over 92% of all applications. Proena-a-Nova 10. Portugal Golden Visa Real Estate Options 2023 - The Golden Portugal 102. Note that its possible for an area to be interior and high-density. Beiral do Lima Vila Real 106. Guimares As such, the purchase or lease of real estate is a key driver and requirement of residence by investment programs, with popular EU destinations including Cyprus, Greece, Malta, and Portugal. Viana do Alentejo 120. So the renovation must be at least 20 percent of the property price. Portugal Golden Visa & Ireland IIP Closing: Greece, Malta And You will need to get additional approval for your rehabilitation plans, making it a much more complicated and time consuming process than if you were to invest in the 400/500K properties and commercial projects, where this is pre-approved. In an effort to stem the tide of monied outsiders, Portugal is sunsetting its "golden visa" program, which grants foreigners a residency permit when they purchase real estate worth at least . These areas are called interior and low-density. But make no mistake, theyre different terms. 350,000 investment in property in high-density areas requiring rehabilitation. 80. The Portuguese government has explained that these changes are necessary to evenly spread foreign investment to other parts of the country. Home Residency By Investment Portugal Low-Density Areas in Portugal: Golden Visa Eligible Interior Areas, *Important notice: The Portugal Golden Visa Program has undergone significant changes from 1 January 2022, which has meant that some property investment options have been revoked or partially altered. Looking to inves." Grandeur Migration Consulting Services on Instagram: " Exciting News! Also if you work with someone who is more familiar with the laws and procedures for Golden Visa applicants, you probably could do without a lawyer for at least the real estate transaction part of the process (although its probably wisest to get a lawyer for the rest!). Search properties Portugal Property A selection of our properties suitable for investment for the Portugal Golden Visa. Mirandela This will be a 2,663 renewal application fee per person, plus the 533 processing fee for all applicants including family members like before. It was in this context that the measure of apparently ending the Portugal Golden Visa program was grafted. Grandeur Migration Consulting Services on Instagram: " Exciting News For a full breakdown see the map above, or try out our Golden visa real estate search engine with a specific address. 148. Investors can invest in commercial properties that need rehabilitation and restoration starting from 350,000 anywhere in Portugal. Alcoutim, considered the hottest region of Portugal, is only a 1-hour drive to Faro, and if you are up for a trip to Spain, two hours from Seville. IMI is immovable property tax, which all property owners in Portugal have to pay. 400,000 investment in property in low-density areas. Alccer do Sol 58. Note that residential property needs also to be located in an interior area of Portugal. With such a shift in the rules taking away most of the prime real estate areas, you are bound to be wondering where to look next. Fully sustainable 4-star boutique hotel in a prime location in thriving Porto. Ferreira do Zzere You should also be aware that these brokers will typically not know a lot specific to the needs of Golden Visa applicants, which is why we recommend working with a buyers agent in the case you want to purchase residential real estate with the intent to live in it. Our, Portugal Golden Visa Properties: Real Estate Requirements. 147. So this is worth keeping into consideration if you dont intend to be living in the property all year round. Montalegre Buy residential real estate or commercial real estate anywhere in Portugals autonomous islands of Madeira and Azores, worth at least 500,000 or 350,000 if investing in a rehabilitation project. Algarve Golden Visa Investment | Portugal Real Estate A 20% discount is available too if the property is in a designated low-density area. 151. Penamacor 69. Portugal Golden Visa: The Ultimate Guide - Nomad Capitalist Rehabilitation of commercial properties, typically in the form of a hotel, provides prime investment potential, because they are not limited to Portugals interior area (you can invest anywhere in the country). These are considered to be some of the best low-density areas in Portugal to invest in. Candemil Borba 19. Low-density areas in Portugal include the countryside/eastern areas in Portugal mostly, with the exception of coastal areas south of the River Lima and North of the River Sado. It has a semi-tropical climate and is actually closer to Africa than Portugal. This region is home to Portugals oldest national park on the northern border with Spain. 123. They all offer beautiful nature and local culture in the most undiscovered parts of the Algarve, making it both an excellent investment option, and a great chance to see a more authentic Algarve. Faro is indeed considered low-density. Many of these parts are not actually that secluded anyways, as Aljezur and Vila do Bispo, for example, are only a 30-minute car drive to Lagos. Portugal Golden Visa 280,000 properties in low-density areas requiring rehabilitation. 11. You can however take out a mortgage or loan against property or other assets you own outside Portugal (e.g. 95. 7. These are Aljezur, Castro Marim, Alcoutim, Monchique and Vila do Bispo. Portugal Golden Visa: Property Directory | Nomad Gate Our real estate division, Goldcrest, has a 100 percent success rate in matching applicants with their dream homes and Portugal property investment opportunities for the Golden Visa. A suitable choice if the lowest possible capital investment is important for you. We use cookies to ensure that we give you the best experience on our website. With the renewal of your Golden Visa permit in the fifth year, youll be eligible to apply for citizenship and a passport. Unio das freguesias de Querena, Tr e Benafim Yes, PortugalProperty.com may contact me in response to this offer. 113. Fund investment costs way less than real estate investment. Sert, 135. What is considered a low-density area in Portugal? Constncia Nicknamed the Hawaii of Portugal, its an exciting place full of fumaroles, hot springs, caverns, and cliffed coasts. If the residential property is located in a designated low-density area, a 20 percent discount applies (amounting to 400,00 and 280,000, respectively). 75. Fontoura With thousands of tourists flocking to these Atlantic Ocean islands each year, the options are endless when it comes to buying a property here and converting it into a short-term rental investment opportunity. By the end of this section, youll hopefully have a clear understanding of what areas of Portugal qualify for a real estate investment. The good news is that the Golden Visa changes from January 2022 have not affected real estate investment opportunities in Madeira and the Azores. Unio das freguesias de Matas e Cercal Palcio do Sal Hotel by 4-star Wyndham Garden, located in the beautiful town of Alcacer do Sal. 152. Bej The Golden Visa continues to be a very appealing regime, renowned as being one of the most popular in the world, it allows investors to live, work and study freely throughout the Schengen area and after five years they can apply for a Portuguese passport. Therefore, no parts of the islands qualify for a 20 percent discount. So Bento There are also some taxes you will pay on a recurring basis (like property tax, wealth tax etc.) Castro Daire Unio das freguesias de Alm da Ribeira e Pedreira Here you can look up various addresses in Portugal to see whether they count as high- or low-density (the latter has 20% lower minimum investment requirement) and whether it's located in an interior area or not. An investment of 500,000 (280,000 or 350,000 reduced option) in real estate in Portugal will gain a golden visa residency permit for a family including dependent children. 2023 Property Investment Guide for Portugal's Golden Visa The property in question must be at least more than thirty years old and undergoing renovation. In 2019 only 8,5% (19.520) of the total 230.776 real estate sales in Portugal were made by non-residents (can also be Portuguese), which were headed by investors from France and the UK ( INE ). You can turn it into a short term rental income opportunity, with the added flexibility to spend only seven days a year on average in Portugal to retain your residence permit. Moura, 93. Portugal Golden Visa through Real Estate: The Essentials Lower yield compared to residential real estate. This rate varies depending on whether you are a Portuguese tax resident or not at the time you sell your property. For a full list of parishes that qualify as inland in the Algarve see the following (in Portuguese). Espite A 350,000 Golden Visa simply refers to the 350,000 rehabilitation investment route to a Portugal Golden Visa. Callback Contact +1 514 288 1997. . 137. In addition to this, you will have to pay approximately 1,000 in notary fees, and stamp duty on all on deeds, contracts, bank loans, and other documents. Your guide to a location-independent life. You can invest anywhere in the country, provided the property in question is classified as commercial (licensed for business-related activities). Or you can invest in Portugal property . Buy commercial real estate anywhere in Portugal worth 500,000 or 350,000 if investing in a rehabilitation project. Maro Tarouca Low-density counties in Portugal: If you are looking into the Portugal Golden Visa 280k EUR option, we can guide you to some of the best investment opportunities in the country. To qualify for the Portugal Golden Visa, the following real estate investment routes are available: Buy residential real estate in designated interior areas of Portugal worth at least 500,000 or 350,000 if investing in a rehabilitation project. 145. Nisa An area is considered low-density if it has less than 100 inhabitants per square kilometer or the gross domestic product per capita is lower than 75% of the national average. Find properties in low- and high-density areas that qualify for Golden Visa in 2023! 59. Its obviously going to cost you more in administrative and legal fees though. Fund Subscription: Make a contribution to a qualified investment fund worth at least 500,000. Amares 15. Here are the routes you can take to qualify: Residential Real Estate You can choose to buy residential real estate in a designated interior area and pay 500,000. Make an investment in qualified hotel projects starting from 280,000 to receive the permanent residency in Europe and travel freely within the Schengen area comprised of 26 countries. Pedrgo Grande Well-located hotel in Algarve. Trancoso The hotel boasts 75 spacious and beautifully appointed serviced rooms. 84. Gouveia (So Simo), Jazente Important note: The Portuguese Golden Visa is coming to an end. If you have a mortgage, there is also a mortgage tax that the bank will charge you. If you purchase in a low-density area, the investment amount is 400,000. However, some areas, such as Sagres, still qualify. To qualify for the Portugal Golden Visa 280k EURlow-density investment option and take advantage of the 20 percent discount, the applicant must either: Both of these options allow you to qualify for the Portugal Golden Visa 280k EUR option. Aljezur, 9. The properties dont have to be at the same investment level, but say if you invest in a property in a high density area (500,000 minimum investment) and a property in a low density area (400,000 minimum investment), your minimum investment amount needs to be at least 500,000 split between the two properties. Home ; Countries . However, the golden visa investment made only a small fraction of the total sales. We are Portugal's leading Golden Visa real estate agency. In January 2022, after nearly 10 years of a successful programme, the government, led by political pressure, decided to increase the minimum threshold of certain eligible investment activities and limit the areas where real estate investment can be executed. Below, we unpack what areas of Portugal qualify for property investment, explaining the nuanced differences between interior areas and low-density areas. Sto There are some more sparsely populated coastal areas included in this category. Figueira de Castelo Rodrigo 83. 16. Arcos de Valdevez Goes The good news is the Portugal Golden Visa program is an advantageous scheme, offering various real estate opportunity areas for investors. For the time being, it . You can read more in our article: Portugal Golden Visa Ending: Everything We Know So Far, Portugal Golden Visa Changes, Updates & New Rules for 2023, How to invest in Portugal and get citizenship The Ultimate Guide, ANTIGUA AND BARBUDA Citizenship by Investment, ST KITTS AND NEVIS Citizenship by Investment, Portugal Golden Visa low-density investment guide here, Malta Citizenship by Naturalization for Exceptional Services by Direct Investment (CES). Unio das freguesias de So Julio e Silva Real estate investment funds are an alternative to the real estate sector, given that this type of investment allows foreign investors to remain eligible to obtain the Golden Visa, as a way of continuing to invest in assets located on the coastline and metropolitan areas of Portugal, without resorting to direct . Silves Vila Velha de Rdo Pompal If its a residential property, it must also be situated in an interior region of the country. 47. This means that they are motivated to sell the property for as much as possible. The main requirement is to make a minimum investment of 280,000 in Portuguese real estate. But what properties qualify for acquiring the Portuguese residence permit? You'll select your newsletter preference in Key benefits include acquiring permanent residency and, potentially, citizenship after five years (provided you fulfill all the criteria), affordable property prices, and the fact that your family can be included in the application. These projects are turnkey, frequently offering fixed returns or a buy-back after five years. Condeixa-a-Nova The new rules that came into play in January 2022 restricted eligible areas. The rate varies by municipality, but tends to be around 0.3% to 0.45% for urban areas, and 0.8% for country homes. Resende Here at Berkshire Hathaway HomeServices Portugal Property, we have overseen a very large proportion of these visas, helping our clients gain Golden Visas every day of the year, which we are very proud of. Provided that your property investment qualifies under the Golden Visa program, youll first secure temporary residence for yourself. 1- Real estate investment: New conditions for the residential real estate options, to decrease pressure on the major areas such as Lisbon, Porto, and the Algarve. Estefnia is an apart-hotel in Lisbon composed of 14 studios and one-bedroom apartments, fully equipped and divided into four floors with reception and laundry room. Unio das freguesias de Arga (Baixo, Cima, e So Joo) Portugal's Golden Visa Program awaits you! In 2016-2017, the 350,000 level of investment for low-density areas was introduced for properties in need of redevelopment that were . However, this isnt the cheapest option out there. Marco de Canaveses Vila do Rei Gavio From helping individuals find their dream homes or investment with the help of our real estate division in Portugal Goldcrest to providing successful immigration and relocation services, our international team is with you every step of the way. Ponte da Barca Fornos de Algodres Regarding real estate, the qualifying investments from January 2022 onward are the following: Other investment routes are the following: The new rules that came into play in January 2022 restricted eligible areas. 112. IMT is paid by the developer. Cuba 17. Aljezur and Vila do Bispo are likely to be the most popular due to being located on the coast. Coruche 161. All taxes (IMT), legal fees, and support in opening a Portuguese bank account are covered by developer. 41. Almodvar Some of these taxes and fees will be billed at purchase, while others will come after the purchase. Valpaos Nelas Caminha 20. Youll have three teams working in parallel to help you streamline your application while coordinating with each other. There are also some parishes in Loul, Silves and Tavira municipalities that are considered inland as well. Mono Ourm If you are feeling adventurous, maybe the Azores is the place to buy real estate for you. Portugal Real Estate Investment Citizenship: A Smart - Golden Port Visa Most real estate developments allow you to stay there for the minimum amount required to be in Portugal for the Golden Visa. Privacy policy. Portugal already applied a distinction to the Golden Visa program where investments in low-density areas got a 20% "discount" compared to elsewhere in the countrymaking the regular real estate investment threshold 400,000, and just 280,000 for qualifying refurbishment projects of old buildings and within special urban . Vendas Novas If thats not enough to convince you, here are some extra benefits of opting for the real estate investment route of the Portuguese Golden Visa. Note that residential property needs also to be located in an interior area of Portugal. 78. 60. For more information about the new Portugal Golden Visa requirements for prospective Golden Visa applicants, speak to one of our specialists today. If you are interested in applying for the Portuguese Golden Visa program, we strongly recommend you begin your application now. For the commercial real estate investment option, there are no location restrictions. Search. Since October 2012, foreign citizens wishing to enter and reside in Portugal have been able to do so under a Golden Visa/Golden Residence Permit rule. Buy residential real estate in designated interior areas of Portugal worth at least 500,000 or 350,000 if investing in a rehabilitation project. Unio das freguesias de Casais e Alviobeira From EUR 250,000. Investing in property in Madeira and the Azores is notably encouraged by the Portuguese authorities. Following a ministerial meeting held on 16 February 2023, the Portuguese government presented a package of measures to respond to various concerns within the scope of the housing policy in Portugal. Our map below highlights the areas of Portugal that are eligible either for: Are you looking to revitalize an old building in the heart of the Douro Valley? If you would like to develop eco-tourism, there is also scope for this, in addition to if you are after luxury projects to invest in. Tavira Do I need to live in the property I purchased? Your offer is non binding and the seller is under no obligation to accept your offer. 82. If you choose to go with a real estate developer, some of the costs such as IMT and VAT may already be included. Pinhel Commercial real estate in Portugal is eligible across the country without any location restrictions. Portugal Golden Visa 2023 : My Complete Journey | GoVisaFree Think of a lifestyle upgrade, excellent weather, friendly people, and proximity to the coast. Associaco de freguesias do Vale do Neiva 99. Calde 157. 54. Unio das freguesias de Bustelo, Carneiro e Carvalho de Rei Tondela Portugal Golden Visa Reduced Option: The most exhaustive list of real estate developments eligible for Portugal Golden Visa investors, starting at just 280,000. Vila Nova de Paiva If this commercial property is a part of an urban rehabilitation project, the investment amount falls to 350,000. Property is still the investment of choice for the majority of investors. 124. For commercial real estate, there are no location restrictions. 23. Portugal Golden Visa Investment Fund VS Real Estate: Which Costs Less If you are a non-Portuguese resident, this is a flat rate of 25%, however if you are a Portuguese resident, this is 28%, but you are only taxed on 50% of your gains. The minimum investment amount for real estate will not change - 350,000 for a rehabilitation project and 500,000 for any other property. A variety of qualified Portugal Golden Visa investment funds with different investment scopes - real estate, life science, healthcare and growth companies. Buy residential and commercial real estate anywhere in Portugals autonomous islands of Madeira and Azores, worth at least 500,000 or 350,000 if investing in a rehabilitation project. 2. Santa Catarina da Fonte do Bispo Take this scenario as an example: Youre fixed on investing in real estate in the Algarve. Located in the mountains, its a popular hiking destination, and is also close to both Viana do Castelo and Vila Real, with the latter being a fully low-density area. A historical palace in a prime urban property surrounded by a pristine natural park in Portugal, being converted into a Nordic-designed Deluxe Hotel. Meso Frio 81. Ponte de Lima Portugal Golden VisaWhat Has Changed in 2022? (+ updated map) To qualify for the Portugal Golden Visa, the following real estate investment routes are available: Important notice: The Portugal Golden Visa Program significantly changed in January 2022, which has meant that some property investment options have been revoked or become more expensive. You can buy commercial real estate for 500,000 anywhere in the country and qualify for Golden Visa. You will also only be able to invest in commercial property in Cascais to qualify for the Golden Visa, as it is not a designated interior area, so residential real estate is not eligible. Invest 350,000 in a property in a Portuguese urban regeneration area. 53. Note that this classification is decided based on the NUTS 3 level, not municipality or parish level. Yes, send me Investor Tips & emails about Investment Properties The good news is that Portugal is full of undiscovered gems that offer a great quality of life. Vale de Cambra Some classified low-density areas include: For more information, check out our Portugal Golden Visa low-density investment guide here. However, you will only be able to qualify for the Golden Visa if you invest in commercial property in the Algarve, as the region is not an eligible interior area, although there are a few exceptions. Penedono Vila Verde 24. Its not about relocating - but about creating future opportunities for family, either for an improved quality of life, access to better education, or a safe haven from political instability.
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