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The Portugal Golden Visa met some major changes on 1st January 2022.
The places where real estate investments can be made to qualify for Portugal’s golden visa have altered, and the investment threshold has gone up, per the new regulations.
In this post, you may learn more about the recent adjustments and the present situation of the properties that qualify for the Portuguese Golden Visa.
There has indeed been a lot of commotion about Portuguese real estate. However, the new regulations do not affect your ability to obtain a Portugal Golden Visa through real estate investment.
Overview of Portugal Golden Visa changes
Two main changes have been introduced:
- There are only certain places where you can purchase residential real estate.
- The investment quantities for cultural and fund investments as well as capital transfers have been increased.
While the modifications to the property acquisition restrictions may be unclear. You should familiarize yourself with the words low-density areas, high-density areas, interior, and non-interior regions.
A region is referred to as “low-density” if it has fewer than 100 residents per km2 or a GDP per capita that is less than 75% of the national average.
You are free to invest in either residential or commercial property in “interior areas.” You can only invest in commercial properties, such offices or hotels, in “non-interior,” though.
Residential real estate
You can spend €500,000 to purchase a piece of residential real estate in the interior. The option to invest €350,000 in an urban rehabilitation project is also available.
In Portugal, if the residential property is located in a designated low-density area, you may additionally be qualified for a 20% discount on the required minimum investment.
Commercial real estate
Commercial real estate is available anywhere in Portugal for at least €500,000.
If the property is part of an urban rehabilitation project, an expenditure of €350,000 is feasible. Additionally, you are qualified for a 20% reduction in the required minimum investment.
If you plan to purchase property in the Azores or Madeira Islands. As these islands, along with Lisbon, Porto, and most of the Algarve, are not included in Portugal’s low-density areas, the minimum investment for these places is €500,000, but no discount is offered.
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