People Hoping to Make Use of Portugal’s Current Golden Visa Rules Should Act Before January 2022

November 08 09:54 2021
People Hoping to Make Use of Portugal’s Current Golden Visa Rules Should Act Before January 2022

Portugal’s Golden Visa program remains one of the top options for people who plan to apply for a second citizenship in the country. Anyone who invests in Portugal property is able to earn a big return on their investment while being able to apply for a second citizenship. The Golden Visa program ranks among the top in the world for anyone who wishes to work, travel and study without a cost in Portugal or Europe.

An investment in real estate in Portugal can allow one to start their five-year journey that ends in them becoming either a permanent resident or a citizen. Portugal, as a country offers everything one can hope for. From scenic ocean views, to awe-inspiring beaches and a diverse and vibrant culture and lifestyle, the country is one of the best places in the world to live. 

Unfortunately, time is of the essence as there is a rule change that will be applicable from January 2022 onwards. As a part of this rule change, one will no longer qualify for the Golden Visa if they buy property in Lisbon or Porto. One may still qualify if they invest in property in areas that have a low density or a developing tourist scene. This can limit the amount of options that one has, and can lead to them missing out on their ideal property simply because they waited too long. 

In addition to the above mentioned changes, one must also do a minimum investment of €350,000 for renovation properties over 30 year old in high density areas. For newer properties, this amount goes up to €500,000 – and is expected to increase in the next year. As a result of this, anyone that plans on investing in Portugal should consider doing it before January 2022 to make the best use of the current rules. Ideal Homes Portugal has a team of experts that are able to guide people and help them begin their journey in the right manner. 

About Ideal Homes Portugal

Ideal Homes Portugal is a friendly and professional real estate company in the Algarve. They are ever-ready to guide clients through the process of buying their dream home in Portugal. 

Ideal Homes Portugal understands that purchasing property, especially abroad, can be a daunting experience. As a result, they offer clients their property quality guarantee. With over ten years of hands-on experience of personally selecting each and every one of the properties that we sell, one can rest assured that the property they have to offer is of the best possible quality.

For more information:

Media Contact
Company Name: Ideal Homes Portugal
Contact Person: Angela Worrall, CEO
Email: Send Email
Phone: 00351 289 513 434 | 00351 915 744 282
Address:Urbanização Vila Sol, Alto do Semino, Lote E, Lojas 1, 2 & 3
City: Quarteira
Country: Portugal