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Latest News
09 November, 2022

Two new real estate projects in Portugal with a profit of up to €150,000

Investing in real estate in Portugal is a popular way to get both income and a residence permit in the country. Demand for real estate is stable, and property prices are growing by an average of 8% per year.

To get a residence permit in Portugal, investors buy real estate worth €280,000 or more.

Portugal residence permit for buying a share in hotels
Photo: Adobe Stock

Portugal residence permit program has been running since 2012. Investors are offered eight options, two of which are buying real estate:

  • new properties starting from €500,000;
  • real estate older than 30 years for restoration from €350,000.

Real estate can cost up to 20% less if the investor buys the property in areas with low population density, such as Evora.

Immigrant Invest has its own real estate database in Portugal with verified properties. Among them, there are offers from regions with low population density and properties for renovation.

We are looking into two new real estate projects: hotels in Lisbon and Evora. Investors can buy a share in them and get a Portugal residence permit. Both projects are included in the renovation program, so the investment amount is less than compared to the new property purchase option.

Share in a 5-star hotel in the centre of Lisbon

Cost — €350,000
Yield — 5% per annum
Completion date —  first quarter of 2025

The hotel is located in Alegria Square, next to Lisbon's most famous street, Avenida da Liberdade. It is known for its colourful mansions, hotels, restaurants and world-renowned brand boutiques, such as Christian Dior, Chanel, Gucci and Armani.

It was the location of the building that influenced its reconstruction: the Portuguese strive to preserve ancient buildings in historical areas. The hotel dates back to 1796. Work on strengthening the foundation and walls has already been completed. Ahead lay the facade restoration and interior decoration of the hotel.

The hotel will have 35 luxurious rooms, a spa and a restaurant. Investors will be able to book any room for two weeks a year during the entire duration of the program.

Portugal residence permit for the real estate purchase in Lisbon

The future hotel building was abandoned for several years. The project architects preserved the main features of the building and gave the facade the golden era of Lisbon-esque luxury

Portugal residence permit by real estate investment in Lisbon

This is what the hotel rooms will look like — modern and sophisticated

Residence permit in Portugal for the purchase of a property in Lisbon

The hotel plans to open a restaurant and spa, as well as common lounge zones

Portugal residence permit status by real estate investment in Lisbon

Restauradores Square and view of the hotel’s Avenida da Liberdade. The street appeared in 1879-1886 in the image and likeness of the Parisian boulevards

Share in a 4-star hotel in Evora

Cost — €280,000
Yield — 3,5% per annum
Completion date — 2025

The hotel is located in the historic centre of Evora, which is recognized as a UNESCO World Heritage Site. The city centre is also home to the Roman Temple of Diana, Giraldo Square and the Chapel of Bones.

The future hotel building was built in 1531 for the monastery, which was never opened. Portugal is now committed to preserving the historical heritage of Evora, so the government has approved the renovation of the hotel.

When designing the hotel, the architects took into account the historical features of the Evora buildings. They also added a new wing to the project, which will be decorated in a contemporary style.

The hotel will have 51 rooms, a spa, a swimming pool and a garden. Investors will be able to book a room for four weeks a year during the entire duration of the program.

Portugal residence permit for the real estate purchase in Evora

The hotel exterior will retain the grandeur of an almost 500-year-old building: the monastery vaults will remain on one side, and a new block will be added on the other

Portugal residence permit by real estate investment in Evora

This is what the hotel will look like on the other side of the building

Residence permit in Portugal by investment in real estate in Evora

The rooms are planned to be designed in bright colours and contemporary style

Portugal residence permit by real estate investment in Evora

One of Evora’s main attractions, the Roman Temple of Diana, a UNESCO World Heritage Site, is located right next to the hotel

What will investors get for a share in Portuguese hotels

Residence permit in Portugal for the whole family. For investments in real estate that meet the conditions of the state program, investors are entitled to obtain a residence permit:

  • for themselves;
  • their spouse;
  • children under the age of 26;
  • and their parents.

Both real estate projects are eligible for the Portuguese residence permit program.

Visa-free travel to the Schengen area. Portugal is part of the Schengen area, so its residents can travel around the region without a visa. They can stay in any Schengen country for up to 90 days out of 180.

Liquid assets and additional income. The value of Portuguese real estate is growing every year: since 2010, property prices have increased by 75%. Such data is provided by Eurostat. Investors also earn money by renting out the property. The hotel yield is 5% per annum in Lisbon and 3,5% per year in Evora.

Immigrant Invest is a licensed agent of government programs in the European Union and the Caribbean. If you want to buy a property in Portugal and become a resident of the country, please consult the experts of investment programs.

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Two new real estate projects in Portugal with a profit of up to €150,000