Foreign investment in Portuguese property increased by 14% thanks to Golden Visa reform

This growth is associated with the last opportunity to obtain a residence permit (residence permit) through the purchase of real estate before the reform of the golden visa program in October 2023. The Portuguese Parliament has passed changes to the Golden Visa program, removing direct purchase of real estate from available investment options. Now obtaining a residence permit through the purchase of real estate is possible only through funds. One of the available investment options involves the transfer of capital equal to or greater than 500,000 euros to purchase shares in certain funds.

To obtain a residence permit in Portugal, developers need to have open funds to which they invite investors. The investor invests a minimum of 500,000 euros and receives real estate as collateral. This becomes the basis for applying for a residence permit in Portugal. These changes to the Golden Visa program have attracted great interest from foreign investors. The opportunity to obtain a residence permit through funds provides them with flexibility and additional guarantees. Portugal, with its favorable climate, beautiful scenery and stable economy, is becoming an increasingly attractive destination for property investment.

Experts note that reform of the Golden Visa program helps attract quality investments and diversify sources of capital. It also contributes to the development of the stock market and stimulates the growth of the Portuguese economy as a whole. Foreign investment in Portuguese real estate has a positive impact on the country, contributing to the creation of new jobs and infrastructure development. This increase in investment is an indicator of foreign investors' confidence in the Portuguese property market and its potential for long-term investment.

Overall, the reform of the Portuguese Golden Visa program opens up new opportunities for foreign investors, providing them with stability and growth prospects. This allows Portugal to attract capital and develop, making the country increasingly competitive on the world stage. Write to us info@mercuryestate.com and we will promptly advise you on the conditions for obtaining a Portugal Golden Visa, the cost of real estate, rental rates, taxes.