Becoming a Portugal resident for purchasing real estate is possible because of the state residence permit program: Golden Residence Permit Program.
To get the status, program participants choose from eight investment options, two of which are the purchase of real estate:
new properties for €500,000 or more;
properties for renovation for €350,000 or more.
To pay 20% less, investors can take two routes: either buy a property in a low population density region, with less than 100 people per square kilometer, or in a region where a GDP per capita is less than 75% of the national average.
In this case, the properties for restoration should cost at least €280,000, and other properties — at least €400,000.
Investors can buy residential properties in the interior areas of Portugal, or the Azores and Madeira. Commercial properties can be purchased in any region of Portugal. The property can be sold in five years in order to return the investment.
Portugal D7 visa also provides the opportunity to obtain a residence permit for buying or renting real estate in the country. Foreigners with passive income, such as investors or pensioners, can apply for this visa. After the D7 visa ends, a foreigner receives a Portugal residence permit with the right to work.
A D7 visa applicant will need to:
Buy or rent a property in Portugal by attaching a purchase or long‑term lease agreement to their visa application. There are no additional requirements for a contract amount or property location.
Confirm monthly income of €705. Or an annual income of €8,460. The minimum requirements will increase if a foreigner includes family members in the application: by €352 for a spouse, and €235 for each child older than 18.
Get an individual taxpayer number: it is needed to open a Portuguese bank account and to buy or rent a property.
Examples of properties in Portugal
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194 m² — 386 m²
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