Sun Sets on Portugal’s Golden Visa Program
Updated: Nov 2, 2021
Portugal's Golden Visa program is one of the most popular residence schemes globally, allowing 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 desirable destination.
The program's rules 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 significant 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 be eligible in the low-density areas or touristic developments. 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?
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If you think this is an option for you, then get in touch 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 the beginning of your journey, right the way through to the end.
You can contact the team at Ideal Homes Portugal at info@idealhomesportugal.com or give them a call on +351 289 513 434.
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