About 316.2 million euros was the income from the residence permit program in Portugal for the first half of 2022. This is about 25% more than the income for the same period last year.
506 out of 649 investors bought property to qualify for the Portuguese Golden Visa. Moreover, the option with the purchase of objects for restoration was more popular.
The residence permit program in Portugal offers two options with the opportunity to invest in real estate:
From €500,000 to objects of the primary or secondary real estate market, under 30 years old and not requiring restoration. This option was chosen by 234 investors.
From €350,000 for objects over 30 years old for restoration. Such real estate was bought by 272 investors.
You can invest 20% less if you buy an object in a region with a low population density. In this case, objects for restoration should cost from €280,000, the rest - from €400,000.
Return on investment is the main advantage of options with the purchase of real estate. The investor is allowed to sell the objects after five years of ownership. So he will be able to return the invested money and earn on the difference in cost.
Examples of properties in Portugal
124 investors bought shares in investment funds in Portugal. This 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.
The minimum investment amount for the option is €500,000. You need to invest for at least 5 years, but more often the money is returned after 6‑10 years.
16 investors transferred from 1.5 million euros to local banks to obtain a residence permit in Portugal. Two applicants chose the option to support Portuguese culture and arts, and another one created 10 jobs.