Your last chance to buy a property in Lisbon for Golden Visa

In the beginning of this year, the government decided to attract more investments to low-density areas of the country by eliminating Lisbon and other big cities from the Golden Visa Program next year.

68% of properties purchased this year for Golden Visa were in Lisbon and Porto and only 3% in low-density areas of the country.

Only 2 months left to buy a property in Lisbon to apply for the Golden Visa. Buy NOW, get EU Residency for the whole family.

Since the beginning of this year and until September, 919 Residence Permits for Investment Activity (ARI) were granted through real estate, in total amount of 488,744,480.89 euros, according to data provided by the Foreigners and Borders Service (SEF) to ECO.

These 919 golden visas represent 932 properties purchased by investors to make the minimum investment required to qualify for the program (through the property investments at least 500,000 euros), explains the SEF.

But let’s look at the numbers more detailed. 551 properties (59%) were purchased in Lisbon, behind is Porto with 77 properties (8.3%), Cascais with 69 (7.4%), Albufeira with 21 (2.25%) and Vila Nova de Gaia with 20 (2.15%). This data allows us to conclude that the majority of investments were made in the main cities of the country, located on the coast.

In the beginning of this year, the government decided to attract more investments to low-density areas of the country by eliminating Lisbon and other big cities from the Golden Visa Program next year.

They aim to relieve the pressure of the real estate market in areas such as Lisbon and Porto, by ending the possibility of obtaining a golden visa through investment in real estate in these areas. “With this measure, we seek to remove the pressure [in the real estate market] existing in the metropolitan areas [of Lisbon and Porto] “, defended the government’s decision, the leader of the socialist bench Ana Catarina Mendes.

Don’t miss you last chance and buy a property in Lisbon now.

However, many felt that the pandemic would influence the government to postpone the restrictions. “I thought, effectively, that this surprise of the pandemic would lead the government to take a step back in what had been foreseen for the State Budget for 2020 ″, says Luís Lima, president of the Association of Real Estate Professionals and Companies of Portugal (APEMIP).

However, this week, Jornal de Negócios, citing a government source, said that the government really intends to proceed with these restrictions by the end of the year. ECO questioned the Ministry of Internal Administration (MAI) to try to confirm this information, but at the time of publication of this article, it has not received any response.

Why Lisbon? If you want to invest and get the highest yield, with low risk and no speculation on the market, Lisbon is the best city to invest in Portugal. Not only it’s good for a long-term rent, but as the main tourist city, it is a perfect investment for short-term rent, that can generate higher income.

DRP Advisers team is an expert in Lisbon and surrounding areas, we will be happy help you find the right investment. We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition. The Lisbon area property market can be highly competitive, so early access is crucial. We find prime properties that are hand-picked from our leading partners, we offer expert advice on the locations most appropriate for your investment requirements, guiding you on how rental yields and capital values vary from area to area.

Golden Visa Portugal Guide

Don’t miss you last chance and buy a property in Lisbon now.

Contact our managers to learn more about investments in Lisbon.

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