PORTUGAL GOLDEN VISA FOR 280,000 € INVESTMENTS IN LOW-DENSITY AREAS - July 2022 Update

As many of you know, The Portugal Golden Visa is a golden visa program by the government of Portugal that grants residency to people who invest in properties worth at least €500,000, but not everyone knows that the actual investments in real estate can start from 280.000 Euros. How it works? If the property is located in so-called “low-density areas” of the country (areas with less than 100 inhabitants per sq.km., or where the GDP per head is below 75% of the national average), the value of this investment may be reduced in 20%. Meaning, that you can buy a new property instead of €500,000 for €400,000 and still get the Golden Visa. Or you can invest in Portugal property that is in need of rehabilitation and in this case, minimum requirement decreases to €350,000. The property either has to be built more than 30 years ago or has to be located in a designated area of urban rehabilitation. If the property is in a “low density area”, minimum requirement gets reduced to €280,000.

‍

DRP Advisers team decided to analyse the market of 280,000 Euros investments and help investors make the best decision.

1. DRP Advisers would like to invite you to an exciting journey to explore a beautiful city of Evora, the hidden gem of Portugal. The city dates back more than 5,000 years. In the Evora old town you will find many historic monuments, stunning architecture, religious sites, museums and buildings within walking distance from each other. With its history, pleasant weather, no wonder it has been named as one of the Most Liveable Cities in Portugal.

280,000 Euros investments in Evora- DRP Recommendation

Why to invest in real estate in Evora?

Due to its extensive historical and cultural importance, in the past few years Evora has seen a huge increase in the tourism sector, which led to the creation of many hotels, bed-and-breakfasts, Airbnb renting and various other styles of accommodation.

But why we love Evora from the real estate investment point of view? One word: low-risk.

Evora is a relatively small city, so finding a good investment, is like finding a diamond, you need to know the market, region and local prices. That is why we have our own office with team of real estate brokers and analysts. Most of them were born in the city and know every little corner of Evora, so when a new opportunity is coming, our team is the first one to know and informed.

Apart from difficulties in finding the right investments to buy, it is not so easy to find the property to rent, because of the limited options, which is definitely a good reason to buy if you are lucky enough to find a good property.

One of the oldest Universities in Portugal, the University of Evora, is located in the historical part of the city. University is popular not only among Portuguese but also has a lot of foreign students. Currently, there are about 10000 students enrolled. They all need a place to live and unfortunately, there are not so many options in the city for them. That is why many of our clients bought houses in Evora and are currently renting them to students, which brings them a regular stable income and security, as there are always going to be students looking for accommodation. Evora, unlike big cities, has no speculation with prices on the real estate market. Additionally, as we mentioned in the beginning, investment can be only for 280,000 Euros and not 500.000 Euros, as Evora is qualified for a low-density area.

Apart from students, there are many families that are looking for houses to rent and due to the high rate of tourist visitors, Airbnb is also of the options, although Lisbon, Porto and other big cities are still considered a better choice for the Airbnb rental model.

Golden Visa Apartment inside the historical centre of Evora

Why do we recommend to work with a local agency that has a present office in the city? First of all, if you are not planning to live in Evora and consider it exclusively as an investment and way to get Golden Visa, you will most likely rent the property. But who wants to deal with all the overwhelmed paperwork, constant communication with the tenants about the broken chairs or bulbs?

Moreover, when you buy the investment for 280,000 Euros, one of the conditions from the government is to renovate the property (renovation price is included in 280,000 Euros) you will face the problem of communication with the local construction company, that sometimes don’t speak good English. Why would you need to bring additional problems and headaches to your life, when you can just work with the local company, that already been through this process many times and knows all the underwater rocks.

Evora offers a truly unique Portuguese experience, with a distinctive heritage, delicious regional cuisines and an infectious unhurried pace of life, that is so wanted by people from big crowded cities.

‍

2. Another great investment option for Golden Visa investors is located in São Pedro do Sul, which is a municipality in the Central Portuguese district of Viseu. The seat of this municipality is the city of São Pedro do Sul, world wide famous for the thermal baths dating back to pre-Roman time.

They are among the most important thermal stations in Portugal being the top destination for tourists and visitors looking for health treatment. This venue combines wellness, health and leisure. The waters are recognized for their mineral and medicinal effects. Nowadays, these thermal stations have modern equipment, as well as several leisure structures.

280,000 Euros investments in Sao Pedro do Sul

Last apartment in residential project in the heart of the touristic area of São Pedro do Sul

This project is offering a guaranteed yield of 4% for 5 years & free property management.

3. Just one hour drive from Lisbon we will find ourselves in a lovely city Benavente. The province of Ribatejo concentrates a large number of tourists and natural attractions. This is where Lezíria is located, where there is a wide R2 variety of agricultural crops, from vines to melons. In the countryside, with admirable landscapes, cattle R1 breeding is practiced, especially the wild bull, destined for bullfightings. It is also created here one of the most RIO TEJO beautiful horses breed in the world, the Lusitanian horse. You can also enjoy the magnificent spectacle of the Tagus River Natural Reserve, where thousands of migratory birds and riverside species fill with beauty a vast expanse of square kilometres of wild life and habitat, giving greater ALCOCHETE authenticity to the enormous spontaneous richness.

Development in Benavente- 6 apartments (2- bedroom & 3-bedroom), eligible for Golden Visa 280,000 Euros.

‍

CHECK PORTUGAL GOLDEN VISA HOTEL INVESTMENTS 280,000 EUROS

CHECK PORTUGAL GOLDEN VISA HOTEL INVESTMENTS 350,000 EUROS

CHECK PORTUGAL GOLDEN VISA RESIDENTIAL INVESTMENTS 350,000 EUROS

‍

If you want to learn more about 280,000 Euros investments in Portugal for Golden Visa, speak to our consultant, that will be happy to find you the best option on the market.

Call Now: + 351 912 585 085

Book a consultation

About DRP Advisers

DRP Advisers is an expert in Real Estate investments and Golden Visa Program. For many years we have been helping clients to find the right properties in Portugal. We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition.

With a cosmopolitan team, our secure network of lawyers, real estate brokers, property managers, mortgage advisors are here to guide you every step of the way through your investment journey.

‍

To find out more, please contact us:

E-Mail: renata@drpadvisers.com

Phone: + 351 912 585 08