In February 2021, the Portuguese government announced Law No. 14 of 2021, stating that the amendment to the Golden Residence Visa will officially take effect on January 1, 2022. According to the law, immigration to Portugal through the purchase of residential real estate is limited to inland areas, the Madeira archipelago, and the Azores. This means that popular cities in Portugal such as Lisbon and Porto, which are favored by global investors, will no longer meet the requirements for property investment immigration under the Portuguese Golden Visa program and will be phased out by the end of 2021. Residential properties in core areas of Portugal and the Golden Residence Permit status cannot be obtained simultaneously, and the countdown for investing in Lisbon properties has begun!
Data shows that the Portuguese real estate market continued to heat up in 2021. By June, 9,834 main applicants had been approved for the Portuguese Golden Residence Visa, with a total investment of approximately 5.87 billion euros, of which 5.31 billion euros was directly invested in the real estate market. Moreover, among those who obtained the "Golden Visa" through property purchases, over 60% are concentrated in major cities such as the capital Lisbon. This indicates that before the implementation of the new policy for the Portuguese Golden Residence Visa, many investors are rushing to catch the "Last Train" for property investment immigration in Lisbon and Porto.
For investors intending to immigrate to Portugal, currently, aside from preparing materials and approval time, there are less than 4 months left for applicants to take advantage of the low-threshold property investment immigration to Portugal. It is essential to act quickly, cherish this precious remaining time, and proceed with the application as soon as possible to reap the benefits early!
What are the reasons for the continued popularity of the Portuguese Golden Residence Visa? What investment areas are available for property investment immigration to Portugal? How can one purchase the desired property at a lower cost? How to seize the grace period and grasp the last investment opportunities in the golden property areas of Lisbon and Porto?……
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* Investment involves risks; the above information is for reference only.*