The income from the program for the three months of 2022 amounted to about 125 million euros. Of these, 57.5 million euros account for the option to purchase real estate in the amount of €500,000. For another 39.5 million euros, investors bought real estate over 30 years old, which are located in renovation areas.
97 millions EUR
investors invested in real estate in Portugal
195 investors chose to buy real estate. The demand for these two options is explained by the high liquidity of Portuguese properties. Real estate prices in major cities and resorts in Portugal are growing by 7—10% per year. The cost of housing in the country has increased by 50% over the past 10 years, according to Eurostat data.
The greatest demand among investors is for commercial properties in Lisbon and Porto and residential real estate in Cascais and Algarve. Housing on the island of Madeira is also gaining popularity.
Return on investment is the main advantage of options with the purchase of real estate. The investor has the right to sell the object after five years of ownership and return the money invested. If real estate prices in Portugal continue to grow during the ownership of the property, the investor will also earn on the difference in value.
Examples of properties in Portugal
58 investors have chosen to buy shares of investment funds. An investment fund is a financial company that collects investors' money and invests it in selected assets: residential or commercial real estate, Portuguese companies, industrial facilities or the European stock market.
Minimal amount of investment for this option — €500,000. You need to invest for at least 5 years, but more often the money is returned after 6‑10 years.
7 investors have transferred from 1.5 million EUR to local banks, in order to get a residence permit in Portugal. Another 1 applicant chose the option to support Portuguese culture and art.