In this blog post, we’ll explore some of the best Portugal Golden Visa areas in 203 is a great option for Golden Visa investors, the changes to Portugal Golden Visa Areas in 2022, the benefits of investing in these areas, and an overview of Lisbon and Porto Real Estate Markets in 2023.
If you’re thinking about investing in real estate in Portugal and obtaining a Golden Visa, you may want to consider investing in low-density areas.
Real estate located in low-density areas are eligible for a discount, and there’s no purchasing restriction. This means you can invest in any property located in these areas, regardless of its price.
Investing in Low-Density Areas for Golden Visa
Low-density areas in Portugal are areas that have fewer than 100 inhabitants per square kilometer. Investing in these areas is a great option for Golden Visa investors because they’re eligible for a discount, and there’s no purchasing restriction.
This means that you can invest in any property located in these areas, regardless of its price. Additionally, these areas tend to be less crowded and have more natural surroundings, making them a perfect place to relax and enjoy nature.
Some of the popular low-density areas in Portugal include Comporta, Évora, and the Alentejo region. Comporta is a beach town located in the Alentejo region, known for its stunning beaches, rice fields, and pine forests.
Évora is a UNESCO World Heritage Site and one of the most beautiful towns in Portugal, with a rich history and culture. The Alentejo region is known for its vineyards, olive groves, and historic towns.
Changes to Portugal Golden Visa Areas in 2022
Since January 2022, investors can no longer purchase residential properties in major cities like Lisbon and Porto to obtain a Golden Visa. However, there’s a way to unlock this restriction by investing in commercial properties.
This means that you can still invest in these cities and obtain a Golden Visa, but you’ll need to invest in commercial properties instead of residential properties.
The new changes also mean that investors can no longer invest in properties that are more than 30 years old, except for properties located in low-density areas.
This is great news for Golden Visa investors who are interested in investing in old, historic properties in low-density areas.
Benefits of Investing in Portugal Golden Visa Areas
Investing in Portugal Golden Visa areas offers a number of benefits for investors. First and foremost, it provides a path to residency in Portugal for the investor and their family members.
This residency can eventually lead to permanent residency and even citizenship. Additionally, investing in real estate in Portugal can provide an excellent return on investment, particularly in low-density areas where prices are more affordable and there is the potential for growth.
Overview of Lisbon and Porto Real Estate Markets in 2023
Although investors can no longer purchase residential properties in Lisbon and Porto for a Golden Visa, these cities remain popular investment destinations for many reasons. Lisbon, in particular, has seen a lot of growth in recent years, with a thriving tourism industry and a strong tech sector.
Porto, on the other hand, has a rich history and culture, as well as a growing wine industry. However, investors looking to obtain a Golden Visa in 2023 may want to consider alternative destinations such as Comporta, Évora, and the Alentejo region, which offer a range of opportunities for investment in low-density areas.
In summary, investing in Portugal’s Golden Visa areas may be a good opportunity for foreign investors seeking to diversify their portfolios and gain access to the European market while enjoying an attractive lifestyle and favorable investment conditions.